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3D Printing Market to Transcend USD 110.29 Billion Valuation by 2031, Use of Additive Manufacturing to Bolster Market Development | SkyQuest Technology

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WESTFORD, Mass., July 15, 2024 /PRNewswire/ — According to SkyQuest, the global 3D Printing Market size was valued at USD 16.64 Billion in 2022 and is poised to grow from USD 20.65 Billion in 2023 to USD 110.29 Billion by 2031, at a CAGR of 23.3% during the forecast period (2024-2031).

3D printing refers to the use of printing technology to create 3-dimensional products/objects. The growing use of additive manufacturing around the world and advancements in 3D printing technology are projected to bolster 3D printing market development in the future. The market is still relatively new and investing in almost any segment would pay off big time for 3D printing providers. The global 3D printing market is segmented into offerings, technology, process, application, material, vertical, and region.

Download a detailed overview:

https://www.skyquestt.com/sample-request/3d-printing-market

3D Printing Market Overview:

Report Coverage

Details

Market Revenue in 2023

$ 20.65 billion

Estimated Value by 2031

$ 110.29 billion

Growth Rate

Poised to grow at a CAGR of 23.3%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Offerings, Technology, Process, Application, Material and Vertical

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Use of sustainable 3D printing materials and filaments

Key Market Drivers

Use of advanced manufacturing practices and advancements in 3D printing technologies

Segments covered in 3D Printing Market are as follows:

OfferingHardware, Software, and ServicesTechnologyFused Deposition Modelling (FDM), Stereolithography (SLA), Selective Laser, Sintering (SLS), Poly-jet Printing/Multi-jet Printing (MJP), Electron Beam Melting (EBM), Digital Light Processing (DLP), Direct Metal Laser Sintering (DMLS), OtherProcessPowder Bed Fusion, Vat Photopolymerization, Binder Jetting, Material Extrusion, Material Jetting, OtherApplicationPrototyping, Tooling, Functional Part ManufacturingMaterialPolymer, Metal, CeramicVerticalAutomotive, Aerospace & Defense, Healthcare, Architecture & Construction, Consumer Products, Education, Industrial, Energy, Printed Electronics, Others

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/3d-printing-market

Development of New 3D printing Hardware Components to Be Prime Focus of Companies

3D printing companies should target the development of novel 3D printers and other hardware components that can make 3D printing more affordable. Multiple unique hardware components are required to make 3D printing possible, and this is why companies are targeting the development of these components to maximize their business scope. Making affordable 3D printers and 3D printing filaments will be the prime focus of all 3D printing market players in the future.

The need for advanced software to 3D print complex components is also increasing at a robust pace. 3D printing providers should also focus on the development of new software for 3D printing to maximize their business scope. New companies can specifically target this segment as software development requires less capital compared to hardware development.

Simple Operation of Stereolithography Technology Allows It Dominate the Market

Stereolithography has been used in printing for a long time and it is still a preferred technology owing to its simple operating mechanism. The technology creates 3D printed objects by layering different layers of material on top of one another. Photochemical processes are used in stereolithography to enable 3D printing. Using this technology allows 3D printing companies to get a smoother finish and acquire high precision in their products. However, advancements in 3D printing technologies could dethrone stereolithography technology’s dominance in the future.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/3d-printing-market

Prototyping to be a Popular Application for 3D printing Owing to its High Accuracy of Replicating the Original Intended Model

3D printing companies should focus on development of solutions that help perfect prototyping for different industry verticals. Lower production times and costs as compared to other prototyping techniques and practices. Easy manufacturing of complex parts and components. Owing to these key benefits 3D printing is mostly used for prototyping applications. However, the demand for 3D printing for functional part manufacturing is slated to increase at a notable pace over the coming years.

Growing use of advanced manufacturing practices and advancements in 3D printing technology are setting the tone for market expansion. New companies have a great chance of winning in this market by targeting the software and prototyping segments in the future.

Related Report:

Industrial 3D Printing Market

3D Printing Material Market

Medical 3D Printing Market

Digital Twin Market

3D Printing Construction Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

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Waters Corporation to Host Investor Day on March 5, 2025

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MILFORD, Mass., Jan. 10, 2025 /PRNewswire/ — Waters Corporation (NYSE:WAT) announced that it will host an Investor Day on Wednesday, March 5th, 2025, in New York City, starting at 8:30 AM ET.

The event will feature presentations by members of the senior management team, who will discuss business initiative achievements, new strategic priorities, and our vision for future shareholder value creation. A Q&A session will follow.

In-Person Attendance
To request in-person attendance at this event, please click here or visit the Waters Investor Relations website at https://ir.waters.com, under ‘Events’.

Webcast
A live webcast will be available the day of the event. To register for the webcast, please click here or visit the Waters Investor Relations website at https://ir.waters.com, under ‘Events’. A replay of the webcast will be available shortly after the event concludes.

About Waters Corporation
Waters Corporation (NYSE:WAT), a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, food, and environmental sciences for more than 65 years. With approximately 7,500 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, and with products available in more than 100 countries.

Caspar Tudor, Head of Investor Relations
investor_relations@waters.com

View original content:https://www.prnewswire.com/news-releases/waters-corporation-to-host-investor-day-on-march-5-2025-302348226.html

SOURCE Waters Corporation

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As Retail Cybercrime Surges, Plank Road Ventures To Present Technology Solutions At NRF 2025 Big Show

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HOBOKEN, N.J., Jan. 10, 2025 /PRNewswire/ — Credit cards and other non-cash payment methods now account for some 80% of purchasing activity, according to some reports. It’s convenient for consumers, but each retail transaction may expose vital shopper information to nation-state and other cybercriminals. Consumers are inconvenienced, while retailers may suffer reputational and financial damage.

To combat the upsurge in digital incursions, Plank Road Ventures — an eMazzanti Technologies company — will present artificial intelligence, cybersecurity best-practice and other retail solutions at the NRF (National Retail Federation) 2025 Retail’s Big Show at Booth 2306, in the Startup Hub of New York City’s Jacob K. Javits Convention Center from January 12 through January 14, 2025.

“The rise in credit card, digital and other payment methods have made retailers a rich target for cyberthieves,” warns eMazzanti Technologies President Carl Mazzanti. “POS systems, for example, can store customer information and purchase history, enabling retailers to capture the information they need to inform targeted marking campaigns and personalized shopping experiences. But POS transactions also pose an attractive target for cybercriminals, and a successful data breach will have far-reaching consequences.”

Plank Road Ventures, a global managed services provider, partners with leading companies like Microsoft, Watchguard, HP, and I3 Communications to help retailers deploy technology that improve and secure their operations and store strategies, while enhancing customer experience and engagement. Retailers can meet with trained professionals from Plank Road Ventures at the NRF 2025 Retail’s Big Show, and learn about leading-edge POS and other solutions.

About eMazzanti Technologies
eMazzanti’s team of trained, certified IT experts deliver rapid response, increased revenue growth, data security, and productivity for organizations of all sizes. The firm offers cloud and mobile solutions, multi-site technology implementations, outsourced network management, 24 x 7 support, digital marketing services, and cyber security assessments and protection services.

About Plank Road Ventures
Our team of experienced retail experts works with clients to understand their specific requirements and recommend the best options. Specializing in store operations and support, the team is available 24x7x 365.

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SOURCE Plank Road Ventures

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Kevin Lanouette Named Senior Vice President and General Counsel

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BEDFORD, Mass., Jan. 10, 2025 /PRNewswire/ — iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced that Kevin Lanouette has been named Senior Vice President and General Counsel, effective January 17, 2025. Tonya Drake, the Company’s Executive Vice President and General Counsel, will transition to an advisory role ending March 7, 2025.

“I’d like to thank Tonya for her many years of service to iRobot,” said Gary Cohen, iRobot CEO. “Her legacy of tenacity and rigor in protecting the iRobot Company and our brand has been exemplary.”

“Kevin is a seasoned and highly skilled attorney whose experience in advising on complex corporate and securities, commercial, M&A and IP protection matters will be invaluable as we execute our strategic initiatives and work toward a return to profitable growth,” said Cohen.

Formerly, Mr. Lanouette was a Partner at OutsideGC, a Boston-based law firm, where he specialized in providing strategic legal counsel to clients at all stages of development and across a broad range of industries, including technology development, software and services and healthcare. Previously, he served as Assistant General Counsel at Analog Devices, Inc., a leading global semiconductor manufacturer, from 2006 to 2020, where he had responsibility for several critical legal functions, including corporate, SEC and securities matters, IP licensing and technology transfers, M&A and investments, global commercial transactions, and governance and compliance issues.

He is a graduate of the University of Maine and Harvard Law School.

About iRobot Corp.
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 50 million robots worldwide. iRobot’s product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com

For iRobot Investors
Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to iRobot Corporation’s expectations concerning executive transitions and execution of the company’s strategy. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot, see the disclosure contained in our public filings with the Securities and Exchange Commission including, without limitation, our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

 

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SOURCE iRobot Corporation

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