Global spending on 3D printing to exceed $26B in 2019, China to become leading market

Formlabs Form 1+ 3D Printer
Bill Roberson/Digital Trends
Global spending on 3D printing hit nearly $11 billion in 2015, according to International Data Corporation (IDC). By 2019, that figure will surge to nearly $27 billion.

The IDC’s “Worldwide Semiannual 3D Printing Spending Guide” forecasts a 27 percent compound annual growth rate (CAGR) from 2015 to 2019, when worldwide spending on 3D printing is expected to hit $26.7 billion. More affordable 3D printers and 3D printing materials are credited for the industry’s growth in the past three years.

Asia-Pacific, the U.S., and Western Europe are expected to increase their combined share of global spending on 3D printing from 59.2 percent in 2014 to 70 percent by 2019, according to IDC. China is projected to become the leading market for 3D printing hardware and services.

Through the first three quarters of 2015, worldwide shipments of 3D printers rose 35 percent year, according to data from IT market research company CONTEXT, cited by investment research firm Morningstar. “Of the total 173,962 units shipped year-to-date, 95 percent of these were personal/desktop printers, mostly priced below $5,000,” according to the firm. This reflects a 38 percent year-over-year growth for this subcategory of the industry. The industrial/professional segment, however, declined 3 percent.

Taiwan-based XYZprinting was the leader in the desktop/personal printer space through the first three quarters of 2015, boasting a 17 percent global market share. 3D Systems (12 percent), Stratasys (9 percent), Ultimaker (9 percent), and M3D (9 percent) rounded out the top five.

Emerging Tech

Awesome Tech You Can’t Buy Yet: DIY smartphones and zip-on bike tires

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Emerging Tech

Tokyo robotic warehouse needs almost no human workers

Uniqlo has unveiled its first robot-powered warehouse that requires 90 percent fewer human workers to operate. The Japanese clothing giant plans to invest close to $1 billion dollars to convert all of its warehouses worldwide.
Business

Singapore reclaims longest flight, but could you sit on a plane for that long?

Singapore Airlines has reclaimed the record for the world's longest commercial flight with a service it scrapped five years ago. The first flight takes off from Singapore on Thursday and takes nearly 19 hours to reach New York.
Emerging Tech

Need an outfit for Halloween? Check out these 3D-printed costumes

Cutting close to Halloween and missing that vital component to your costume? Maybe 3D-printed Halloween costumes are the way to go for you. Check out our list of favorites accessories.
Emerging Tech

Get your head in the clouds with the best vaporizers for flower and concentrates

Why combust dead plant matter when you could vaporize the good stuff and leave the leaves behind? Here's a rundown of the best vaporizers money can buy, no matter what your style is.
Emerging Tech

Here’s all the best gear and gadgetry you can snag for $100 or less

A $100 bill can get you further than you might think -- so long as you know where to look. Check out our picks for the best tech under $100, whether you're in the market for headphones or a virtual-reality headset.
Emerging Tech

With cameras that know dogs from Dodges, Honda is making intersections safer

Honda and the city of Marysville, Ohio are working on creating a smart intersection. The goal would not only help better direct the flow of traffic, it could also help save the lives of pedestrians and cyclists.
Emerging Tech

What the heck is machine learning, and why is it everywhere these days?

Machine learning has been responsible for some of the biggest advances in artificial intelligence over the past decade. But what exactly is it? Check out our handy beginner's guide.
Emerging Tech

Here are the best (and least likely to explode) hoverboards you can buy

With widespread reports of cheap, knock-off Chinese hoverboards exploding, these self-balancing scooters may be getting a rough reputation. They're not all bad, though. Ride in style with our picks for the best -- and safest -- hoverboards
Emerging Tech

Boston Dynamics is trying to make fetch happen with its new working robot dog

Boston Dynamics wants to see Spot in the workplace, but not as part of take-your-dog-to-work days. Quite the opposite, in fact, as the technology company believes its extraordinary robo-dog is now ready to start work.
Emerging Tech

Regular paints and plastics will soon be able to ‘heal’ like skin

Imagine if paints, plastics, or other coatings could heal up like human skin in the event that they suffered damage. Thanks to researchers at Clemson University, such technology is almost here.
Emerging Tech

Here’s how Microsoft’s Hololens is helping NASA build the new Orion spacecraft

Lockheed Martin is turning to Microsoft’s mixed reality Hololens smartglasses to help build NASA's Orion spacecraft, which could one day help rocket astronauts as far afield as Mars.
Emerging Tech

Shrimp eyes inspire new camera focused on helping self-driving cars see better

By mimicking the vision of mantis shrimp, researchers were able to make significant improvements on today’s commercial cameras. They hope their technology can help mitigate accidents by letting self-driving vehicles see more clearly.
Emerging Tech

This intelligent parachute system can bail out clumsy drone pilots

Parachutes can save drones when they unexpectedly fall from the sky. Among a number of such systems, Austrian firm Drone Rescue is this week showing off its latest design that automatically deploys when it senses trouble.