3D printing or also referred to as additive manufacturing is the construction of a three-dimensional object from a CAD model or digital 3D model. An object of any shape and size can be created by using a digital model. The primary principle in 3D printing includes the flexibility of output, translation of code, and material cartridges into a visible pattern. At present, this technology is used for rapid prototyping, speedy manufacturing, mass customization, and mass production.

The global 3D printing market is estimated to account for US$ 15,320.8 Mn in terms of value by the end of 2027.

Competitive Section

Major companies operating in the global 3D printing market are 3D Systems, Inc., Voxeljet Technology GmbH, Arcam AB, Stratasys, Ltd., Concept Laser GmbH, Solidscape, Inc., EOS GmbH Electro Optical Systems, SLM Solutions GmbH, ExOne GmbH, and Optomec.

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3D printing has witnessed massive adoption in the recent past, owing to expanding application areas. Growing awareness about the benefits of using 3D printing over conventional methods of manufacturing has further increased the adoption of 3D printing. Moreover, technological advancements such as the incorporation of new materials and surface enhancement of the final model, are expected to expand the application areas of 3D printing. In consumer applications, 3D printing is used in jewelry, home décor, toys, art, gadgets, and glass frames. Currently, this technology is set to replace die-casting and sand casting in the early phases of production. Therefore, these factors are expected to drive growth of the global 3D printing market during the forecast period.

Pro AV offers significant features including multiple personal computer support, multi-touch Ultra HD (4K), multiple wireless screen support, individual activity control, etc. Such features enhance smart learning and hence education sector is increasingly adopting pro AV. Furthermore, pro-AV integrated smart learning offers real-time blended teaching and learning, augments visualization and creativity, and provides better in-classroom experience.

Market Opportunities

1. Incorporation of AV solutions in mobile devices can present lucrative growth opportunities
2. High market opportunities in emerging markets can provide major business opportunities

Market Restraint:

High initial cost of pro-AV is expected to restrain growth of the global pro AV market during the forecast period.

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Pro AV refers to an advanced audio-video system integration used for commercial purposes. Pro AV uses various components such as display components, camera, audio components, computer, controller, room scheduler, companion whiteboard, advanced options such as digital signage, and other supporting accessories. All these components connectively help to improve the connectivity and communication between offices of two different locations. Therefore, it is used in various sectors, which include education, government, hospitality/retail, and others.

The global Pro AV market was valued at�US$ 246.5 Bn�in�2019�and is expected to exhibit a�CAGR of 11.2%�during the forecast period�(2020-2027).

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Pro AV refers to an advanced audio-video system integration used for commercial purposes. Pro AV uses various components such as display components, camera, audio components, computer, controller, room scheduler, companion whiteboard, advanced options such as digital signage, and other supporting accessories. All these components connectively help to improve the connectivity and communication between offices of two different locations. Therefore, it is used in various sectors, which include education, government, hospitality/retail, and others.

The global Pro AV market was valued at US$ 246.5 Bn in 2019 and is expected to exhibit a CAGR of 11.2% during the forecast period (2020-2027).

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