3d printing market ( a comprehensive study on material ( metal, plastics, ceramics, resin etc),...

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The report has covered more than 50 players involved in the 3D printing and Additive Manufacturing technology. The report presents a detailed market analysis of 3D printing and Additive Manufacturing by incorporating complete pricing and cost analysis of components & products, product benchmarking, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. Market Classification encompasses segmentation & sub-segmentation of the market by Technology, Materials, Application industry and Geography. The report deals with all the driving factors, restraints, and opportunities with respect to the 3D printing and Additive Manufacturing market, which are helpful in identifying trends and key success factors for the industry. Lastly, the current market landscape is covered with detailed competitive landscape and company profiles of all key players across the ecosystem. The report also formulates the entire value chain of the market, along with industry trends of 3D printing application industries and materials used with emphasis on market timelines & technology roadmaps, and market & product life cycle analysis. Lastly, the 3D printing and Additive Manufacturing market is segmented by geography across North America, South & Central America, Europe, Asia-Pacific and ROW (Rest of the World) and further sub-segmented by countries. Country specific market is estimated and the growth opportunities are identified.

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Page 1: 3D Printing Market ( A comprehensive study on Material ( MEtal, PLastics, Ceramics, Resin etc), Technology ( SLM, FDM, SLS etc), Application ( Medical Devices, Automotive, Aerospace

Email: [email protected]

Tel: +1 650 228 0182

Page 2: 3D Printing Market ( A comprehensive study on Material ( MEtal, PLastics, Ceramics, Resin etc), Technology ( SLM, FDM, SLS etc), Application ( Medical Devices, Automotive, Aerospace

BIS Research Sample Page 2

3D Printing Material (ABS, PLA, Photopolymer, Ceramics etc.), Technology, Application Market

— A Global Study (2014-2022)

BIS Research is a leading market intelligence and technology research company. BIS Research

publishes in-depth market intelligence reports focusing on the market estimations, technology

analysis, emerging high-growth applications, deeply segmented granular country-level market

data and other important market parameters useful in the strategic decision making for senior

management. BIS Research provides multi-client reports, company profiles, databases, and

custom research services.

Copyright © 2014 BIS Research

All Rights Reserved. This document contains highly confidential information and is the sole

property of BIS Research. Disclosing, copying, circulating, quoting or otherwise reproducing

any or all contents of this document is strictly prohibited. Access to this information is provided

exclusively for the benefit of the people or organization concerned. It may not be accessed by,

or offered whether for sale or otherwise to any third party.

3D PRINTING MATERIAL (ABS, PLA, Photopolymer, Ceramics etc.), TECHNOLOGY, APPLICATION (Medical, Aerospace & Defense, Automotive & Others) MARKET

— A Global Study (2014-2022)

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3D Printing Material (ABS, PLA, Photopolymer, Ceramics etc.), Technology, Application Market

— A Global Study (2014-2022)

1 EXECUTIVE SUMMARY

The study includes segmentation of 3D printing industry based upon technology, application

verticals, materials, and geography. The market potential of 3D printing industry based on

these segments, excluding technology, has been analyzed.

Based on deposition techniques, 3D printing technology has been divided into FDM, EBM, SHS,

SLM, SLS, LOM, SLA, DLP, 3DP, and EBF3. The key patents for SLS, among these technologies

expired recently which according to some experts would be a landmark in the acceleration of

3D printing market growth.

Though, these technologies have proved to be fast and cost effective when it comes to building

prototypes but further research and technology up gradation is required to venture into large

volume production.

Depending on the applicability of these 3D printing technologies the study exhaustively covers

materials such as metals and metal alloys, plastics, photopolymers, ceramic, nylon, paper, and

wax.

3D PRINTING MARKET VALUE FOR MATERIALS (2013-2022)

Sample Figure

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3D Printing Material (ABS, PLA, Photopolymer, Ceramics etc.), Technology, Application Market

— A Global Study (2014-2022)

Source: Expert Input, BIS Research Analysis

Photopolymers accounted for the highest market revenue generating over $XXXX which is

expected to grow at a CAGR of XXXX% to reach the market revenue of $XXXX million by 2022.

Metal on the other hand held lowest share ($XXXX million) in 2013 but is likely to witness

highest CAGR of XXXX % (2014-2022) to reach the value of $XXXX million by 2022.

Market growth and trends across different application verticals such as aerospace & defense,

architecture & construction, automotive, consumer lifestyle products and electronics, education

& research, healthcare, and industrial and other application market have been covered.

3D PRINTING MARKET VALUE FOR APPLICATION VERTICALS

(2013-2022)

($Million) 2013 2014 2015 2018 2019 2020 2021 2022 CAGR%

Aerospace & Defense

XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Architecture and

Construction

XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Automotive XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Consumer Lifestyle Products & Electronics

XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Education & Research

XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Healthcare XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Industrial XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Others XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Total XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Source: Expert Input, BIS Research Analysis

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3D Printing Material (ABS, PLA, Photopolymer, Ceramics etc.), Technology, Application Market

— A Global Study (2014-2022)

Consumer lifestyle products and electronics held highest market revenue generating over

$XXXX million in 2013. This sector is further expected to grow at CAGR of XXXX% (2014-

2022) to a market value of over $XXXXX billion. Automotive sector accounted for second

largest share ($XXXX million) in 2013. Healthcare sector accounted for the third largest

revenue ($XXXX million) which was followed by aerospace & defense ($XXXX million).

The growth trend in these application verticals have been studied across different geographical

regions segmented into North America, Europe, APAC, and others.

3D PRINTING/ ADDITIVE MANUFACTURING MARKET VALUE,

BY GEOGRAPHY

Country 2013 2014 2015 2018 2020 2021 2022

CAGR%

(2014-

2022)

North

America XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Europe XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

APAC XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Others XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Source: Expert Input, BIS Research Analysis

North America accounted for the highest market share ($ XXXX million) in 2013. It is expected

to grow at a CAGR of XXXX% (2014-2022) to reach market revenue of $XXXX billion by 2022.

It is expected that APAC region will show highest CAGR of XXXX% (2014-2022). This growth

can be attributed mainly to China and Japan with Chinese market likely to grow at at a CAGR

of XXXX% from 2014 to 2022.

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3D Printing Material (ABS, PLA, Photopolymer, Ceramics etc.), Technology, Application Market

— A Global Study (2014-2022)

The report presents a detailed market analysis of 3D printing and Additive Manufacturing by

incorporating complete pricing and cost analysis of 3D printers and materials. Besides porter’s

and PESTLE analysis of the market have also been done.

The report deals with all the driving factors, restraints, and opportunities with respect to the

3D printing and Additive Manufacturing market, which are helpful in identifying trends and key

success factors for the industry.

Lastly, the current market landscape is covered with detailed competitive landscape and

company profiles of all key players across the ecosystem. The report also formulates the entire

value chain of the market, along with industry trends of 3D printing application industries and

materials used with emphasis on market timelines & technology roadmaps.

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— A Global Study (2014-2022)

2 MARKET OVERVIEW

2.1 MARKET DRIVERS

3D PRINTING INDUSTRY MARKET DRIVERS AND ITS

IMPACT

Drivers 1-2 Years 2-5 Years 5-10 Years

Reduction in turnaround time and accelerated

product-development cycles

Decreasing price of consumer / personal

printers

Improving quality of professional and

industrial printers (both in process and

material)

Mass customization and personalization

Country specific push factors (government

support and funding, localization and

environmental impact)

Industry specific adoption and more

acceptable use cases

New emerging business models and

competitive disruptions

Environmental and economical dynamics

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— A Global Study (2014-2022)

Source: Expert Interview, BIS Research Analysis

2.1.1.1 Reduct ion in Turnaround T ime & Accelerated

Product Development Cycles

3D printing is on its way to becoming the ubiquitous solution for prototyping. 3D printing

enables companies to make prototypes without tooling, thereby helping companies to get

customer feedback faster and better. This has not only cut short the time to develop

prototypes in a cost effective way but has also allowed companies to test different

configurations in order to determine customers preference, thus reducing product-launch risk

and time to market.

3D printers are increasingly being deployed to speed up the creation of product prototypes. As

compared to high-end rapid prototyping (RP) machines, 3D printers offer a better price to

performance ratio. While a high- end RP machine may cost somewhere around $XXXX to

$XXXX, a 3D printer capable of delivering the same performance can be procured for a lesser

amount (SLA for $XXXX to $XXXX; SLS for $XXXX to $XXXX and FDM for $XXXX to $XXXX).

Furthermore, companies such as Stratasys and Z Corp are offering printers for prototyping at a

price tag as low as $XXXX.

Industry experts believe that 3D printing will see widespread adoption in prototyping with

decreasing price, increasing throughput, and performance. Currently, being an economical and

effective tool for early design and visualization models, 3D printing is making inroads in

advanced areas such as functional prototyping.

Industry experts opine that the use of 3D printing will contribute to significant reductions in

product-development cycle times in the coming years, and will probably disrupt the approach

of the companies towards R&D. As such it is expected to emerge as a key growth enabler for

3D industry.

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— A Global Study (2014-2022)

2.1.1.2 Decreasing Pr ice of Consumer/Personal Pr inters

For quite a long time price has been a restraining factor for printers, especially in the consumer

segment. With the falling price of consumer printers, there is a renewed interest from the

developers, hobbyists and other enthusiasts. A consumer grade printer is being sold at as low

as $XXXX. This is expected to decrease further in the next few years, with expiring patent and

increasing competition. Moreover companies are increasingly exploring options to generate

revenue from aftermarket services and products, such as material and system upgrade.

Successful implementation of such revenue model would make the personal printer more

affordable.

2.2 MARKET STATISTICS

FIGURE 1

OVERALL MARKET

Sample Figure

Source: Expert Interview, BIS Research Analysis

For the market studied, 3D printing system sales generated revenue of $XXXX million and it is

expected to reach to $XXXX billion by 2022, growing at an estimated CAGR of XXXX% from

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3D Printing Material (ABS, PLA, Photopolymer, Ceramics etc.), Technology, Application Market

— A Global Study (2014-2022)

2014 to 2022. A sizeable chunk of the revenue will be generated from industrial sales while

consumer printers would account for maximum shipment. The price for industrial system will

not drop significantly in the coming years. However, the consumer printers are expected to

witness drastic drop in the price resulting in higher shipments of such printers.

The market for direct parts produced from 3D printing was $XXXX million in 2013 and is

expected to account for over $XXXX billion in 2022, growing at an estimated CAGR of XXXX%

from 2014 to 2022. The healthcare segment is expected to account for the lion’s share towards

the total revenue by direct parts.

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— A Global Study (2014-2022)

3 TECHNOLOGY MARKET

TABLE 1

COST AND TIME ANALYSIS OF FDM TECHNOLOGY & CNC MACHINING

Method Cost Lead Time

CNC machining $XXXX XX days

FDM Technology $XXXX XX days

Savings $XXXX (XX%) XX days (XX%)

Source: Stratasys website

The above figure shows that using FDM technology, the cost was reduced by almost XX% while

the lead time was reduced by over XX%. This shows the cost effectiveness and drastic

reduction in lead time that can be achieved using 3D printing in the repair and maintenance of

costly aerospace parts.

TABLE 2

ADVANTAGES & DISADVANTAGES OF FDM

Advantages Disadvantages

Parts produced are mechanically stable due to

durability of materials used

An extra step of polishing is required to give

fine touch

Inexpensive printers due to expiry of patents Profit margin is less and barrier to entry is

more because of its wide usage

Source: Expert Input, BIS Research Analysis

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3D Printing Material (ABS, PLA, Photopolymer, Ceramics etc.), Technology, Application Market

— A Global Study (2014-2022)

4 MATERIALS MARKET

4.1 PLASTIC

Right from the outset of 3D printing technology, plastic holds a major share of the material

market. Different varieties of plastics have been developed that employ technologies such as

Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), and Selective Heat

Sintering (SHS), among others.

The two types of plastic that are in major use in the 3D printing industry include Acrylonitrile

butadiene styrene (ABS), and Polylactic acid (PLA). Both are thermoplastics, which become

soft post heating and can be molded. Further on cooling they return back to their initial solid

form.

A plastic material before its usage as a 3D printing material needs to satisfy three stage test as

enumerated below:

FIGURE 2

THREE STAGES OF TEST FOR THE USABILITY OF A PLASTIC

MATERIAL

Source: Expert Input, BIS Research Analysis

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3D Printing Material (ABS, PLA, Photopolymer, Ceramics etc.), Technology, Application Market

— A Global Study (2014-2022)

The first stage includes its formation of plastic filament which is a raw 3D printer feedstock.

Secondly, during 3D printing process it should form accurate physical parts. Thirdly, the

properties of final product should match the standards compared to conventional methods of

manufacturing in terms of properties such as strength, durability, etc. Most of the

thermoplastics like ABS, and PLA are capable of forming plastic filaments to be used in the

next two stages. However, the range of plastic material would increase only after further

research which would make the use of other plastics economical.

4.2 OTHERS

4.2.1 WAX

3D printing technology is using wax for production of casting patterns to be used in investment

casting process. 3D Systems uses thermojet wax modeling system. This method is similar to

Stereo lithography (SLA) and material being employed is wax like resin.

While using wax a support structure is required for any overhanging geometry which is later

removed during post finishing process. Since, support structure can be removed easily; option

of building complex geometry is possible.

The casting pattern is used in the jewelry sector. These patterns can also be used to build

complex hollow components. The wax pattern is electroplated using metals followed by melting

of wax to produce thin walled hollow metal component. The application can be used to build

medium to large parts for aerospace, engine, energy, and others.

The casting pattern is generally made using injection molding system that costs around $XXXX

to $XXXX with a lead time of around XX months. However, Stratasys has employed its

patented FDM technology, thereby reducing the cost by more than XX percent and reducing

time by more than XX percent.

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TABLE 3

COST & TIME ANALYSIS OF FDM AND INJECTION MOLDING

TECHNIQUE

Method Cost Time

Injection Molds $XX to $XX XX months

FDM Patterns $XXXX XX week

Savings $XX to $XX (XX% to XX%) XX weeks (XX%)

Source: Stratasys website

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5 APPLICATIONS MARKET

5.1 INTRODUCTION

This chapter describes the several 3D printing application areas, its use cases, and market

opportunities across each application vertical.

3D PRINTING APPLICATION MARKET SEGMENT

Source: Expert Input, BIS Research Analysis

The application market is segmented across different industry verticals as shown in the above

figure.

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5.2 AEROSPACE & DEFENSE MARKET

5.2.1 MARKET STATISTICS

Industry experts suggest that the use of 3D printing in aerospace and defense will find wider

acceptability across these three key areas- prototypes, demonstration units, and small volume

production. It is expected that the production and repairing of parts will also move towards

maturity in next few years

3D PRINTING MARKET VALUE FOR AEROSPACE AND DEFENSE

APPLICATION VERTICALS (2013-2022)

End Use

Application 2013 2014 2015 2018 2019 2020 2021 2022

CAGR

(2014-

2022)

Prototype XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Demonstration Units XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Small-Volume

Production XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Others XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Total XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX

Source: Expert Input, BIS Research Analysis

5.2.1.1 Prototype Market

As of 2013, the market for prototyping in aerospace and defense accounted for the biggest pie.

It is expected that prototype application will generate revenue of $XXXX million by 2022,

growing at a CAGR of XXXX% from 2014 to 2022. 3D printing has matured into a mainstream

technology, thanks to its ability to quickly fabricate prototypes which enables designers and

engineers to validate design concepts in a shorter time and thereby speeding up the overall

development process.

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5.3 AUTOMOTIVE MARKET

5.4 CONSUMER LIFESTYLE PRODUCTS & ELECTRONICS

MARKET

Consumer lifestyle products and Electronics component manufacturing through 3D printing is

yet another promising area.

FIGURE 3

CONSUMER LIFESTYLE PRODUCTS & ELECTRONICS MARKET

REVENUE FOR 3D PRINTING INDUSTRY (2013- 2022)

Sample Figure

Source: Expert Input, BIS Research Analysis

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6 GEOGRAPHIC ANALYSIS

6.1 INTRODUCTION

FIGURE 4

3D PRINTING / ADDITIVE MANUFACTURING MARKET SHARE

BY REGION-2013

Sample Figure

Source: Expert IInput, BIS Analysis

In terms of the numbers of printers being used, the U.S. continues to be the largest market

while Germany leads the way in terms of production of 3D printing systems. It is expected that

the U.S. will continue to remain the most important 3D printing market accounting for over

XX% of the total global sales in 2022. In countries such as the U.S., Germany, the U.K., Japan

and other developed countries the growth momentum will be sustained by increasing adoption

of metal based 3D printers. These metal based printers are expected to penetrate through the

key application verticals, namely aerospace and automotive and impact the production of

finished parts in other verticals. However, high cost premium attached with metal 3D printer is

seen as a growth dampener.

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6.1.1 CHINA

3D Printing is expected to witness rapid growth in the country owing to push from the

government funding in academic and research institutions and pull from the demand in

electronic manufacturing and consumer product s. Most application in these industries is

centered on design, sample testing and prototyping and as such the penetration of 3D printers

across these verticals is expected to increase significantly.

Chinese government has initiated a number of projects such as “National High Technology

Research and Development Program” allocating investment of $XX million for 3D printing

research. This research project focuses upon the development of laser melting machines for

large aerospace parts, and laser sintering equipment for complex parts.

FIGURE 5

CHINA Y-O-Y GROWTH IN 3D PRINTING/ ADDITIVE

MANUFACTURING

Sample Figure

Source: Expert Input, BIS Analysis

China’s 3D printing industry generated revenue of around $XX million in 2013. Industry

experts opine that the country will exhibit an average growth rate of over XX percent year-on-

year and the market will reach to around $XX billion by 2022, accounting for around XX% of

the global demand.

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7 INDUSTRIAL ANALYSIS

7.1 PORTER’S FIVE FORCES ANALYSIS

7.1.1 THREAT FROM NEW ENTRANTS

TABLE 4

THREAT FROM NEW ENTRANTS

S. No. Parameter in Threat from New Entrants Parameter

Weight

Industrial

Weight

Weighted

Impact

1 Capital needed XXXX XXXX XXXX

2 IP protection XXXX XXXX XXXX

3 R & D expenses XXXX XXXX XXXX

4 Access to distribution channel XXXX XXXX XXXX

5 Economies of scale XXXX XXXX XXXX

6 Govt. regulation XXXX XXXX XXXX

7 Market growth rate XXXX XXXX XXXX

Cumulative relative weight XXXX XXXX XXXX

Source: Experts Input, BIS Research Analysis

As shown in table above the major factor which restricts the entry of new players in the

market are stringent IP protection imposed by the existing players, and high R&D expense in

the industry. Since its inception, 3D printing industry has been driven by innovation. This

entails huge investment in research so that the technology and, consequently, the industry can

mature up to a stage where the activities can be commercialized and scaled up. Another factor

that makes the entry of new players difficult in market is the inability of 3D printing to attain

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the economy of scale. Likewise intellectual property (IP) protection which is considered to be

the driver for any market has proved to be a growth barrier for this industry. Key players have

filed lawsuits against small players preventing them from growing in this market.

Nevertheless, high market growth rate backed by government support and the enthusiasm

shown by key industrial players are promoting the proliferation of startups in the industry.

Also, this industry necessarily does not rely on traditional supply chains and has easy access to

the distribution channel. Instead it combines manufacturing with e-commerce which means

designing can be done in a central location while products can be sold through online platforms

like those of Shapeways. These factors are assisting new players to enter the market and

become potential threats to the existing players. As the industry is not highly capital intensive

or excessively dependent on labour, it becomes relatively easier for new players to enter the

market.

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7.2 ANALYSIS SUMMARY

PORTER’S FIVE FORCES ANALYSIS FOR 3D PRINTING

INDUSTRY

Supplier 's Power

Threat from

SubstitutesThreat from New

Entrants

Buyer's Power

•mDegree of Competition

MediumMedium

High

Medium

Low

Source: BIS Research Analysis

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8 COMPETITIVE LANDSCAPE

8.1 COMPETITIVE BENCHMARKING

The percentage share of various development activities undertaken by a company does not

give a true picture of the impact of those development activities on the company and the

market. For this reason through our analysis and inputs from industry experts we have arrived

at a weighted score by attributing specific score to different development activity. The score

has been given on a scale of 1 to 5 in ascending order to Event, Business Expansion &

Contract, Partnership & Collaboration, Merger & Acquisition, and Product Development.

FIGURE 6

BIS RESEARCH ACTIVITY BENCHMARK RELATIVE SCORE

(2011-2013)

Sample Figure

Source: Expert Input, BIS Research Analysis

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8.1.1 CLUSTER 2

The second cluster includes companies having weighted score between 15 and 40.

TABLE 5

CLUSTER 2 COMPANIES ACTIVITY SNAPSHOT

Particular Event

Business

expansion

&

Contract

Merger &

Acquisition

Product

Development

Partnership

&

Collaboration

Weighted

score

Dassault

Systemes XX XX XX XX XX XX

Arcam AB XX XX XX XX XX XX

DSM XX XX XX XX XX XX

Luxexcel XX XX XX XX XX XX

EOS XX XX XX XX XX XX

EnvisionTEC XX XX XX XX XX XX

3T RPD XX XX XX XX XX XX

Voxeljet XX XX XX XX XX XX

Hoganas AB XX XX XX XX XX XX

Organovo XX XX XX XX XX XX

Source: Expert Input, BIS Research Analysis

Companies such as Dassault Systemes show a balance in their strategy of Merger &

Acquisition, and Product Development. Arcam AB on the other hand has resorted to Business

Expansion and Contract.

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9 COMPANY PROFILES

9.1 DASSAULT SYSTÈMES

TOTAL REVENUE BY BUSINESS SEGMENT

Sample Figure

Source: Dassault Systèmes Annual Report & BIS Research

TOTAL REVENUE BY GEOGRAPHIC AREA

Sample Figure

Source: Dassault Systèmes Annual Report & BIS Research

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9.2 MICROTEC GESELLSCHAFT FÜR MIKROTECHNOLOGIE MBH

MICROTEC PRODUCT SNAPSHOT

Source: microTEC website and BIS Research

In biotechnology application industry, the company integrates fluidic systems for synthesis or

analysis; Lab-on-Chip in plastic, dispensers, micro mechanics for cell disruption and other

components are integrated to offer a miniaturized end product.

Across medical industry the company integrates micro sensors, micro actuators, micro needles

and micro filters with ASIC as a System in Package (SiP)

In the consumer electronics space microTEC provides high density packaging for memory

cards in mobile devices and also offers solutions for high integrated processor modules, along

with Giga-Hertz and Tera-Hertz components.

The company undertakes miniaturization of camera modules such as lens, LED, Laser and

integration of the same across MEMS and NEMS in automotive and telecommunication vertical.

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9.3 STRATASYS

9.3.1 ANALYST INSIGHTS

Stratasys has been involved in a number of mergers but the benefits derived out of it seems to

be limited due to legal restriction which led to limited integration planning prior to merger.

Stratasys is facing difficulty in coordinating its organizations which are geographically not

contiguous, including its two headquarters in Israel and the U.S. This coordination difficulty

encompasses within it sales, distribution and marketing sectors. Managing large number of

employees over wide geographical region and inconsistency over different companies

standards, controls and policies is also proving to be a bone of contention for them. This is

adversely affecting their ability to maintain relationships with suppliers, distributors, customers

and employees.

2013 as experts call it as the year of 3D printing has witnessed large number of mergers and

acquisitions. If these acquisitions of other companies strategically taken and pursued in the 3D

printing industry having greater resources than Stratasys can cause trouble for its demand of

products and services.

The competitors of Stratasys, like 3D Systems Corporation, is an old player having greater

financial, marketing, manufacturing, distribution and other resources. So they can quickly

respond to the emerging technologies

Stratasys could not diversify its supplier of different components that may result in shortage of

some key components, or reduction in quality and other associated factors due to their

dependency on limited number of vendors.

Uncertainty in global economy, problems faced by financial service sector and credit market

and other macroeconomic factors has made end-users to further delay or reduce technology

purchases. A huge market base of Stratasys lies in Europe which has been continuously facing

the shadow of economic crisis. Tightening monetary measures adopted by countries across the

globe and aversion of investors to invest in such a volatile situation has resulted in lower levels

of liquidity that makes it difficult for them to expand their business further.

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