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#3DPrinting Market in India is a #Billion #Dollar #Industry - Release #jgrouprobotics

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    Interesting: #3DPrinting Market in India is a #Billion #Dollar #Industry - Release #jgrouprobotics

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    Global 3D printer market has generated $0.7 billion revenues, whereas volume sales touched 70.4 thousand units in 2013. Declining prices, increasing IT spending, and penetration of printers’ manufacturers into 3D printers market are some of the major drivers in this market.

    Amongst all regions, North America accounted for majority of the share in 2013 and expected to continue its dominance by 2019. In the forecast period, Asia-Pacific market would emerge as key growing market, primarily driven by demand in Japan, South Korea, and China, owing to innovation and low cost product development initiatives are driving growth in the market
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    In India, 3D printers market is at nascent stage, where electronics and automotive sectors accounting for majority of the revenues; low investments, fewer R&D facilities & manufacturing units, and low consumer awareness restricting the growth of 3D printers technology in India. However, during 2014-2019, expected higher investments & promotions, and increasing domestic manufacturing would reduce the prices of these printers, thus driving the market.
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    The demand for 3D printers in electronics application sector, is due to its high utilization in printing of special purpose and regular circuit boards, whereas for automotive application it is being used for printing of automotive interiors. Additionally, reducing weight of automobile, better utilization of space & high quality, precise, and aesthetic interiors is driving growth in automotive segment
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    India trains more than 1.6 million engineers yearly, which is witnessed to be largest in comparison with U.S. and China. During 2009-13, about 60-70% engineering students have been placed in IT and manufacturing sectors, however, the placement market was sluggish in 2014, due to negative growth in manufacturing sector and low confidence amongst investors.

    According to various IT companies, the placement of engineering students is expected to rise in 2015

    Over the next five years, India is expected to emerge as one of the key manufacturers in global electronic industry, owing to changing government policies, establishment of EMCs and electronic manufacturing fund. As a result, manufacturing of various electronic products and equipment is poised to grow higher, especially in verticals such as automotive, consumer electronics, strategic electronics, defense, telecom and medical
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    “40-50 thousand workforce is forecast to cross by 2019”

    As Indian 3D printers market is at nascent stage, there are hardly around 250-500 dedicated workforce (including engineers, sales representatives, graphic designers, etc.) in 3D printing industry in India in 2014. However, over the next five years, Indian 3D printers market would witness higher growth, resulting in higher job opportunities in electronic, manufacturing and retail sectors.
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