3D Electronics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 19.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
3D Electronics Market Analysis
The 3D electronics market is expected to register a CAGR of 19.3% over the forecast period. Increasing innovation in 3D electronics has led manufacturing of Wirewraps and point-to-point printed circuit boards (PCBs). 3D electronics, which provide complete circuits to be integrated within an object, are on the rise as they continue to undergo extensive innovation, metallization methods, and manufacturing methodologies, thus boosting market growth.
- The demand for 3D electronics is increasing because 3D additive electronics allow complete circuits to be integrated within an object, resulting in numerous advantages, such as simplified manufacturing and novel form factors. Adding electronic functionality to a 3D object no longer necessitates incorporating a rigid, planar PCB into the object and wiring up the relevant switches, sensors, power sources, and other external components.
- Three-dimensional (3D) printing of electronics has attracted significant interest due to the unique advantages it offers that are not achievable by traditional electronic manufacturing processes and systems. For instance, on-demand fabrication of highly-customizable electronics, novel device designs in three dimensions, and direct fabrication on a wide variety of substrates and conformal surfaces.
- The demand for the 3D electronics market is likely to grow with more significant rivalry owing to the accessibility of the fresh entrants and higher performance due to the fast adoption of the novel produced tech in a variety of sectors, including military, healthcare, electrified system, communications, car industry, aerospace, energy utilities, and others.
- The limitation of the associate material coupled with the complexity related to the 3D electronics is expected to hinder the market growth over the study period. Further, high yields are particularly essential because completely enclosed circuits cannot be repaired; thus, one damaged connection renders the entire part superfluous.
- The electronics industry has suffered due to the global spread of the COVID-19 pandemic. The leading hypermarkets, supermarkets, and showrooms have been closed, affecting sales of various electronics products. Because of the implications of the measures during the lockdown, businesses worldwide have adopted remote working as a tool to continue their business processes. However, the sales of various consumer electronic items such as laptops and PCs, among others, witnessed a significant rise in demand.
3D Electronics Market Trends
This section covers the major market trends shaping the 3D Electronics Market according to our research experts:
Growing Relevance of 3D Printed Electronics
- 3D printed electronics is a new program that allows electronics to be integrated within or on top of devices. The concept of 3D printing was primarily applied to the exterior of 3D injection-molded synthetic products to add antennas and simple conductive interconnects. With technological advancements in the market for 3D printed electronics, materials and processes to build parts' internal complex circuitry can be created from various materials with new techniques. Customization can be a significant asset in the additive manufacturing process in production for building parts that are completely tailored to a circuit board or any computerized equipment.
- The demand for smaller, thinner machines with advanced functionality is insatiable. However, difficult tasks, such as designing a PCB or printed circuit board and its components, are typically outsourced, resulting in a longer wait time. With 3D printing, it is now possible to create in-house prototypes of circuits and circuit boards, reducing costs, time, and concerns about intellectual property violations. Manufacturers' increasing efficiency and productivity and lower material prices are expected to drive the global 3D printed electronics market during the forecast period.
- Despite being a relative innovation, 3D printing in electronics is already impacting. As a result, this durable manufacturing technique will revolutionize electronic development and prototyping.
- Additive manufacturing processes in the electronics industry have finally become scalable and can be integrated alongside other manufacturing assets. These technologies are expected to drive several significant trends in the electronics manufacturing industry. The market for 3D printed electronics and new additive manufacturing systems will grow as the range of scalable additive manufacturing processes expands.
- In January 2022, the University of Minnesota Twin Cities (UMTC) created a fully 3D printed organic light-emitting diode (OLED) display similar to commercial televisions and smartphones.
- A variety of market drivers influence the 3D electronics market. First and foremost, smartphone and smart home penetration have a significant impact. Smartphones have the highest market revenue and are market leaders in new technologies. Further, the trend toward a smart and connected home is constantly making vendors to introduces new devices to the market, driving otherwise stagnant sales. Therefore the growing adoption of smart homes is also anticipated to propel the growth of 3D electronics over the forecast period.
North America will Dominate the Market
- North America is expected to maintain its dominant position in the global market during the forecast period. The United States and Canada are the major contributors to the significant expansion of different manufacturing industries due to the presence of prominent manufacturers, which is estimated to boost the demand for electronics technology in North America. The growing usage of 3D printing techniques across various end-use markets, including aerospace & military, telecom, automotive, and others, is anticipated to fuel the region's expansion.
- With the existence of big firms and increasing acceptance of 3D printing for speedy design validation and production advantage, the United States led the North American 3D manufactured electronics industry. Developments in 3D printed, electronic elements for aerospace and defense are soaring, driving the market expansion in the area as the use of 3D manufactured electronics in the aerospace defense sector enhances productivity and quality, lowers production costs, expedites the process, and renders innovative & complicated designs possible.
- Moreover, the region is anticipated to lead the global 3D electronics market due to increased demand for such electronics in the automotive, marine white goods, and medical device sectors to create intelligent surfaces within their products. For instance, in February 2022, the U.S. Navy, in order to increase supply, unveiled a proposal to team up with vendors who are unable to keep up with the need for submarine components with 3D printing electronics businesses.
- Additionally, around 13.43 million motor vehicles were produced in North America in 2021. Vehicle production is a crucial element of the North American economy. Like many other manufacturing segments in the region, vehicle production has slumped in the past few years due to increased costs of production, changes in supply chains, and stoppages related to the onset of the coronavirus pandemic. The automotive industry also showcases the significant potential for the adoption of 3D printed circuit boards as well as other electronics, enabling engineers to quickly test the system and reduce time-to-market.
3D Electronics Industry Overview
The 3D Electronics Market is moderately consolidated with the presence of a significant number of players. To meet the rising demand for 3D Electronics Market modules, major players such as Nano Dimension Ltd, Molex LLC, EoPlex, Inc, Optomec Inc., and Draper Laboratory in the global market are focusing on technological advancements and expansions. Furthermore, manufacturers are forming collaborations to develop new products.
- January 2022 - Optomec Inc., a supplier of solutions for 3D Printed Electronics and 3D Printed Metal, announced a sharp increase in bookings during the fiscal year 2021, including nearly 60% growth in new orders for its proprietary Aerosol Jet and LENS industrial printers. The steep rise in recent sales puts business activity well ahead of pre-pandemic levels, where Optomec had already experienced 50% growth in 2019 and took the total installed base to nearly 600 machines across more than 250 customers.
- January 2022 - Nano Dimension confirmed the purchase of Inkjet Systems Ltd., situated in the United Kingdom, for USD 18.1 million. The purchase improves Nano Dimension's product lines in the market for 3D printing gear.
3D Electronics Market Leaders
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Nano Dimension Ltd
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Molex LLC
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EoPlex, Inc
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Optomec Inc.
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Draper Laboratory, Inc.
*Disclaimer: Major Players sorted in no particular order
3D Electronics Market News
- May 2022 - Optomec announced the delivery of the 600th Industrial Printer for Additive Manufacturing. The company has now installed more than 250 of its proprietary LENS trademark Systems for 3D Printed Metal and over 350 of its patented Aerosol Jet Systems, with the majority of its recent machines being used for high ROI production applications. The company also reports the most extensive installed base of true 3D electronics printers, enabling high-volume production applications in advanced 3D semiconductor packaging, consumer electronics, medical device, and industrial products.
- January 2022 - The San Jose, California-based Space Foundry has created a plasma-based 3D printing technique for electronics that offers a variety of benefits over competing processes, owing to financing from NASA and licensed technology.
- April 2021 - Nano Dimension, a 3D printer maker, specializing in additively made electronics (AME), announced the purchase of DeepCube, a machine learning firm. The system will allow for digital management of the supply network for AMEs and 3D printed high-performance electronic components (Hi-PEDs) made with Nano Dimension's 3D printers.
3D Electronics Market Report - Table of Contents
1. Table of Contents
2. INTRODUCTION
2.1 Study Assumptions and Market Definition
2.2 Scope of the Study
3. RESEARCH METHODOLOGY
4. EXECUTIVE SUMMARY
5. MARKET INSIGHTS
5.1 Market Overview
5.2 Industry Value Chain Analysis
5.3 Industry Attractiveness - Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Consumers
5.3.3 Threat of New Entrants
5.3.4 Intensity of Competitive Rivalry
5.3.5 Threat of Substitutes
5.4 COVID-19 Impact on the Market
6. MARKET DYNAMICS
6.1 Market Drivers
6.1.1 Increasing Advantages of 3D Printed Electronics
6.1.2 Growing Inclination from the Automotive Industry
6.2 Market Restraints
6.2.1 Complexity Associated with the 3D Electronics and Limited Material Selection
7. MARKET SEGMENTATION
7.1 By Manufacturing Techniques
7.1.1 Electronics on a Surface
7.1.2 In-Mold Electronics (IME)
7.1.3 Fully 3D Printed Electronics
7.2 By Technology Type
7.2.1 Aerosol jetting
7.2.2 Laser Induced Forward Transfer (LIFT)
7.2.3 Others
7.3 By End-use Vertical
7.3.1 Automotive
7.3.2 Consumer Electronics
7.3.3 Medical
7.3.4 Telecommunication
7.3.5 Others
7.4 By Geography
7.4.1 North America
7.4.2 Europe
7.4.3 Asia-Pacific
7.4.4 Latin America
7.4.5 Middle-East and Africa
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Nano Dimension Ltd
8.1.2 EoPlex, Inc
8.1.3 Molex LLC
8.1.4 Optomec Inc.
8.1.5 Draper Laboratory, Inc.
8.1.6 Novacentrix
8.1.7 Xerox Corporation
8.1.8 NeoTech AMT GmbH
8.1.9 Voxel8, Inc
8.1.10 Beta Layout GmbH
8.1.11 Sculpteo
- *List Not Exhaustive
9. INVESTMENT ANALYSIS
10. FUTURE OF THE MARKET
3D Electronics Industry Segmentation
The 3D electronics market is segmented based on Manufacturing Techniques (Electronics on a Surface, In-Mold Electronics (IME), Fully 3D Printed Electronics), Technology Type (Aerosol Jetting, Laser Induced Forward Transfer (LIFT)), By End-use Vertical (Automotive, Consumer Electronics, Medical, Telecommunication), and by Geography.
| By Manufacturing Techniques | |
| Electronics on a Surface | |
| In-Mold Electronics (IME) | |
| Fully 3D Printed Electronics |
| By Technology Type | |
| Aerosol jetting | |
| Laser Induced Forward Transfer (LIFT) | |
| Others |
| By End-use Vertical | |
| Automotive | |
| Consumer Electronics | |
| Medical | |
| Telecommunication | |
| Others |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
3D Electronics Market Research FAQs
What is the current 3D Electronics Market size?
The 3D Electronics Market is projected to register a CAGR of 19.30% during the forecast period (2024-2029)
Who are the key players in 3D Electronics Market?
Nano Dimension Ltd, Molex LLC, EoPlex, Inc, Optomec Inc. and Draper Laboratory, Inc. are the major companies operating in the 3D Electronics Market.
Which is the fastest growing region in 3D Electronics Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in 3D Electronics Market?
In 2024, the North America accounts for the largest market share in 3D Electronics Market.
What years does this 3D Electronics Market cover?
The report covers the 3D Electronics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the 3D Electronics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
3D Electronics Industry Report
Statistics for the 2024 3D Electronics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 3D Electronics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
