It’s a report that offers estimates and forecasts on technologies like Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA), Polyjet and Multi-Jet Modeling (MJM) systems, which breaks down the market into different applications such as electronics and consumer goods, automotive, medical, industrial, aerospace and military, educational and architectural in the private, commercial and industrial spheres.
Yet another market driver in the country, the “Make in Campaign” which began in 2014, is also expected to expand the future growth of the Indian market.
According to the report, the total Indian market will be some $79 million by 2021, and automotive applications will account for the majority of that revenue growth. 6Wresearch says educational and medical applications – and niche applications such as arts and crafts, interior decoration, fashion accessories, footwear designs, jewelry designs, animation and gaming, and furniture modeling – will also see significant growth.
India primarily imports 3D printers from China, the U.S. and Germany, but government initiatives aimed at boosting domestic manufacturing will result in more local device creation over the course of the forecast period.
The report suggests that as established players such as Stratasys, 3D Systems and Optomec gradually expand their brand awareness and marketing efforts in India via partnerships and alliances, they should see market share growth as well. India currently sees significant sales from Sintermask (Fabbster), 3D Systems, Leapfrog and Flashforge.
According to 6Wresearch, the other major players in the Indian 3D printing market like Altem Technologies, Imaginarium, Brahma 3, KCbots, 3Ding (REDD Robotics) and JGroup Robotics will see considerable growth during the next six years.
What do you think of the numbers for the expected growth in the 3D printer market in India from 6Wresearch? High? Low? On the money? Let us know your thoughts in the 3D Printing in India forum thread on 3DPB.com.