The digital light processing (DLP) technology 3D printing market is expected to grow from US$2.307 billion in 2025 to US$7.542 billion in 2030, at a CAGR of 26.74%.
Digital Light Processing (DLP) 3D printing technology utilizes a projector screen that flashes an image of a layer at once, resulting in the layer being cured simultaneously. The main parts of a DLP 3D printer are a digital light projector screen, Digital Micromirror Device (DMD), a resin tank (vat), the build plate, and the elevator for the build plate. The digital light projector is the source of light for a DLP 3D printer. Furthermore, the DLP 3D Technology market is projected to witness good growth during the coming years on account of rapid innovations and increasing adoption of 3D printing technology. However, the availability of multiple substitute technologies is estimated to restrain this growth to a certain extent. The digital light processing technology 3D printing market is divided into components, end-user, and geography.
The growth of the Digital light processing (DLP) Technology 3D printing market is majorly attributed to the strategic importance of this futuristic technology in the industries like healthcare, aerospace, and defense, and automotive among others. The DLP 3D printing technology is widely applied in the field of medical product production and development. It offers printing accuracy and printing speed with the help of precision projection light which is reflected by a digital micromirror device. Moreover, this technology is widely applied in fabricating specific medical devices based on patient-specific diseases. With these medical devices, healthcare providers can diagnose and treat patients. Furthermore, the FDA also approves the medical 3D printing of medical devices, which acts as the most reliable validation for this technology’s use in the medical industry. Thus, the extensive use of this technology in the growing healthcare sector coupled with positive approval from government authorities like FDA for the use of 3D printing for medical devices is expected to drive the market for digital light processing technology 3D printing during the anticipated period.
The high adoption of innovative technology and growing research for the development of futuristic technological solutions is the key factor attributing to the growth of the digital light processing technology 3D printing market in the North American region. Furthermore, developed economies like the US have major key market players which are expected to boost the market’s growth in this region during the anticipated timeframe.
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