According to the Market Statsville Group (MSG), the global 3d printing in education market size is expected to grow from USD 304.19 million in 2022 to USD 949.30 million by 2033, at a CAGR of 10.9% from 2023 to 2033. The global economy has undergone the most inclusive transformation and digitalization in the education industry, which has given rise to digital education. Recently, 3D Printing in education has gained significant traction and is increasingly becoming relevant in the field of education since it facilitates learners to explore their learning pathways and promotes education to take place in the classroom with a better learning experience. In additional, the world has undergone the most inclusive transformation and digitalization in the education industry. With the increasing investments by government, private and public organization has accelerated the adoption of smart technologies in education sector which results in driving the growth of the market. On the other hand, education institutions around the world's decision to move towards advanced technologies and adoption of 3D Printing have amplified the learning experience, however, it brings pre-existing and fresh privacy concerns related to technology. This is expected to pose a major threat to the growth and adoption of 3D Printing during the forecast period. Moreover, the adaption of the cloud-based solution has been growing rapidly in education, and more computing needs are driven by the advent of IoT, AI, and Big Data. The accelerating demand for cloud technology on the back of the digital age has insisted education infrastructures to deploy cloud-based solutions by replacing traditional systems of the management process. This will create more opportunities in the market for the upcoming period.
Definition of the Global 3D Printing in Education Market
Nowadays, online learning is considered an efficient alternative to traditional classroom-based education, providing educational opportunities over conventional learning, and therefore, expanding the investment from educational institutions located around the world. This has also turned the government's attention towards e-learning solutions into the mainstream by making a policy to include 3D printing platforms and certifying curriculums. Many schools are using 3D Printing to make learning fun and inspire young minds to think creatively as well as to create interactive, technical, and mechanical lessons that simplifies learning the concepts. With the help of 3D visuals, professors or teachers aids visual learning which help in explaining difficult concepts easily. The integration of such advanced technologies can transform and support education in several ways. Moreover, the adoption of smart classroom equipment is increasing the adoption of 3D printers.
The smart classroom is gaining considerable prominence throughout the world, as it improves the teaching and learning process to discover the academic paths, as well as helps in educating the students to the present and future learning opportunities. 3D printers facilitate the real-world application and knowledge in domains of mechanical science, math, engineering, and architecture to name a few. This has led schools, universities, students, and others to adopt 3D printing technology in education for generating new learning opportunities for student’s engagement through online digital environment.
The emergence of the new coronavirus, COVID-19, has put a significant strain on worldwide markets. The financial markets are extremely volatile at the moment, with nations all over the world suffering from the destabilising impacts of the epidemic. No organisation is immune to the economic issues posed by the health crisis, and there were genuine fears about the global economy's collapse.
The global 3D Printing in education market is estimated to witness a decline in 2020 due to the outbreak of the COVID-19 pandemic. The machine tools industry is seemingly witnessing downfall recently in COVID-19 and the affected countries, includes the US, Germany, Brazil, and others. Moreover, due to lockdown or limited production, the disruption in the supply chain of materials have affected 3D printer manufacturers. Additionally, education has changed dramatically, with the tremendous rise of e-learning, whereby teaching is undertaken remotely and on digital platforms. Whereas rise in e-learning has increases the demand for software that displays 3D graphs and charts for better student-teacher engagement. However, the market will gain its traction with the investments in new technologies like e-learning and digitalization, which will foster the 3D Printing in education market growth. Moreover, the positive measures and innovative marketing strategies need to practice by companies, to build up their business subsequently the post-COVID-19 pandemic.
The global economy has undergone the most inclusive transformation and digitalization in the education industry, which has given rise to digital education. Recently, 3D Printing in education has gained significant traction and is increasingly becoming relevant in the field of education, since it facilitates learners to explore their learning pathways and promotes education to take place in the classroom with a better leaning experience. This has driven the adoption and implementation of 3D printing solutions and platforms that can be interlinked with connected and smart devices to ascertain the strength of advanced learning methodologies. Also, education platforms are gradually operating as an electronically supported learning system, which is mostly based on Internet technology and smart devices such as software applications, replicator, smartphones, tablets, laptops, desktops among others for interaction. Increasing adoption of smart devices and rising internet penetration across the world has paved a way for integration of 3D Printing in education among students. Also, the use of smartphones and tablets ensures flexible course delivery, which creates it feasible for learners to access learning platforms and retrieve course resources. Hence, increasing penetration of smart devices, such as smartphones, tablets for accessing online courses, has fueled the demand for 3d Printing in classroom market. With the help of replicators and 3D printer student can have a physical touch of an object for better understanding or learning.
Education is one of the key sectors where the adoption of new technologies takes place in longer duration than many other industries. The integration of smart devices could improve the interaction among students and teachers, as well as delivers more efficient learning and education. Also, education institutions around the world's decision to move towards advanced technologies and adoption of 3D Printing have amplified the learning experience, however, it brings pre-existing and fresh privacy concerns related to technology. This is expected to pose a major threat to the growth and adoption of 3D Printing during the forecast period. The Future of Privacy Forum with 3D Printing in education depicted that there are significant privacy issues that can affect the learning experience of students. Also, the use of such printer may affect personal, national, and international security. For instance: The same technology that might one-day custom-print heart valves can just as easily produce gun parts. The hackers can use printers and computer aided data and further has personal information. As network offers significant student engagement via online learning systems, which is more prone to cyber-attacks.
The adaption of the cloud-based solution has been growing rapidly in education, and more computing needs are driven by the advent of IoT, AI, and Big Data. The accelerating demand for cloud technology on the back of the digital age has insisted education infrastructures to deploy cloud-based solutions by replacing traditional systems of the management process. Thus, companies across the world are also looking forward to integrating cloud-based 3D printing software with other applications, such as AI and big data. Further, cloud-based 3D printing software systems are easy to run and make easy learning at home, which also offer lucrative opportunities for market players operating in the 3D Printing in education market.
Additionally, the advances in digital technology, particularly artificial intelligence (AI), are set to play a vast part in the expansion of future features for 3D Printing. In the near future, artificial intelligence will be an essential tool for personalized learning. An algorithm can suggest to each student the areas that can be improved and the most suitable content to address the skill gaps. Hence, it is likely to boost the adoption of AI-driven software, which can help in analyzing the student’s strength and weakness Thus, the growing penetration of AI technology in such software and increasing developments of new AI products by key players is becoming a significant factor to contribute towards higher market growth.
The study categorizes the 3d Printing in education market based on type and end user area at the regional and global levels.
Based on the type, the market is divided into fused deposition modelling, stereo-lithography, and others. The fused deposition modelling segment is expected to dominate the market share in 2022 in the global 3d Printing in education market. Fused deposition modelling (FDM) 3D printing, also known as fused filament fabrication (FFF), is a material extrusion additive manufacturing (AM) technology. FDM constructs parts layer by layer by depositing melted material in a preset direction. The final physical things are formed using thermoplastic polymers in the form of filaments. FDM is the most frequently utilized technology across most sectors, with the biggest installed base of 3D printers globally., due to this easy to use and convenient feature this segment is likely to grow over the forecast period.
Based on the regions, the global freight procurement technology solutions market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific and South America. North America is projected to account the highest market share in 2022. It is due to the growing demand for new age education and government interest to make youth more educated. Government is also investing in 3D Printing in education and most of the educations institute are moving towards this new technology and adopting this technology to educate their student. In the United States, education is delivered in public and private institutions, as well as by individuals through homeschooling. State governments establish broad educational standards, frequently enforce standardized testing for K-12 public school systems, and monitor, typically through a board of regents, state institutions, and universities. This increasing value toward education will boost the market over the forecast period in this region.
The 3d Printing in education market is significant competitors and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
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