The slicing software market is estimated to touch USD 771.0 million in 2023, which will rise to USD 2,516.7 million, with an 18.5% CAGR, by 2030.
The growth of this industry is because of the increasing need for integrated slicing software and the growing end-use sectors including manufacturing, healthcare, aerospace, and automobile.
The integrated category, based on product type, is leading the industry. This can be mainly because of its developed features like design optimization, model simulation, machine integration, repair capabilities, and analysis, coupled with the high demand for slicing operations.
On the basis of deployment, on-premises is the larger category. This is because of the increasing requirement to understand sensitive info locally, data security, and compliance necessities, and thus, slicing software is extensively accepted on-premises by end users.
The cloud category, on the other hand, will propel at a higher rate, during this decade. This is ascribed to its benefits including its capability to deliver greater management of the 3D printing procedure straight from a web browser.
The prototyping category, based on application, is the largest contributor to the slicing software market. Moreover, this category will also advance at the highest rate during this decade. This will be because of the growing adoption of prototyping because of the increasing need for agile products and their advancement, coupled with the mounting requirement for product customization.
Based on technology, fused deposition modeling (FDM) is the dominating category, primarily because of its extensive application in numerous sectors, including automobile, medical, and aerospace.
The aerospace & defense category, based on industry, is the largest contributor to the industry. This can be because of the growing necessity to decrease components production time and the increasing requirement for lightweight parts as well as components utilized in the aerospace sector.
Whereas, the healthcare category will propel at the fastest rate during this decade. This is because of the growth of 3D printing technology globally, which is employed to produce the most customized and complex medical devices, implants, and prosthetics.
North America dominates the industry, and it is expected to hold a 45% share in 2030. This can be ascribed to the extensive adoption of new technology, the increasing end-use sectors, and the incidence of key players in this region.
APAC will propel at the highest rate during this decade. This is because of the existence of countries including China, India, and Japan; active government support for 3D printing in different sectors; and the rising partnerships and collaborations among regional businesses.
With the surging requirement for integrated slicing software, the slicing software industry will continue to progress in the coming years.
