Global 3D Printing Market in Education Sector 2017-2021
About 3D Printing in Education Sector
The 3D printing market in education sector considers revenues generated by vendors that have been offering 3D printers and 3D printing services and materials, which use printing technologies such as Fused Deposition Modelling (FDM) and Stereolithography (SLA). These are predominantly used in the education sector. The education technology or EdTech is increasingly revolutionizing the way learning is imparted in modern K-12 schools and higher educational institutions. The technological revolution in the education industry has resulted in the emergence of various innovative teaching methodologies.
Technavio’s analysts forecast the global 3D printing market in education sector to grow at a CAGR of 19.46% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3D printing market in education sector for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 3D Printing Market in Education Sector 2017-2021
Technavio recognizes the following companies as the key players in the global 3D printing market in education sector: 3D Systems, EnvisionTEC, ExOne, and Stratasys.
Other Prominent Vendors in the market are: Graphene 3D Lab, Materialise, Organovo Holdings, Voxeljet, XYZPrinting, Ultimaker, and 3D Hubs.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of makerspaces. Makerspaces are collaborative dedicated working spaces in schools, colleges, and universities. These spaces allow students of all age groups to perform activities and work together for making, exploring, and learning. These are basically DIY workshops. In this, students use materials such as software, hardware supplies, 3D printers, laser cutters, soldering irons, sewing machines, and CNC machines.”
According to the report, one driver in the market is rising investments in 3D printing technology. Various venture capitalists and angel investors are promoting education through 3D printing models and learning content. They are funding many mushrooming start-ups both in advanced and emerging economies to strengthen the reach of innovative 3D printing technology. In October 2016, a Delhi-based educational technology company named 3Dexter received an investment of worth $150,000 from a company named ICA Edu Skills. This was to provide high-quality and widespread education, particularly, in the Accounts and Finance domain.
Further, the report states that one challenge in the market is high set-up costs. The concept of training students with advanced technologies involves extensive investments. Schools and colleges transitioning from conventional teaching methodologies to advanced teaching techniques need to set up an IT infrastructure for implementing technologies such as 3D printers and 3D printing materials and services. Considerably high costs of 3D printing devices are one of the key reasons for curtailing the growth of the market. This is particularly because of schools and universities with limited budgets. Printing devices are often priced high due to the perceived brand value and high use in automotive, aerospace, and industrial segments.
3D Systems, EnvisionTEC, ExOne, and Stratasys, Graphene 3D Lab, Materialise, Organovo Holdings, Voxeljet, XYZPrinting, Ultimaker, and 3D Hubs