Mandatory Government Initiatives Fuelling the Growth of Saudi Arabia’s Biometrics Market-6Wresearch


Middle East region is emerging as a key growing region in global biometrics market, where countries such as UAE, Turkey and Saudi Arabia are exhibiting tremendous growth in overall biometrics market. Amongst all Middle East countries, Saudi Arabia is one of the fastest growing biometrics markets. The market for biometrics in Saudi Arabia is incrementing on the back of increasing IT spending, growth registered in biometric based access control systems, and increasing adoption of biometrics technologies across industry verticals.

According to 6Wresearch, Saudi Arabia’s biometrics market is projected to reach $1.5 billion by 2019. Fingerprint recognition technology occupies lion’s share in the overall market due to its ease of usage, cost efficiency and higher return on investments. Though, fingerprint technology market is anticipated to remain dominant during 2014-19, but higher growth rates are expected from other biometrics technologies such as face and IRIS recognition.

Increasing government initiatives and mandatory policies have contributed for the growth of biometrics technologies in the country. For instance, government has mandated biometrics enabled visas for all the tourists visiting in the country, which is spurring the demand for biometrics technologies.

In Saudi Arabia’s biometrics market, government, travel and transportation segment has generated majority of the market revenues. Growth of e-Visas and passports are expected to boost the biometrics market over the next five years. e-Visas based on face and fingerprint biometrics would be issued to various applicants. Additionally, General Directorate of Passports has mandated fingerprinting for all the expatriate women residing in the country, thereby further fuelling the growth of biometrics market in Saudi Arabia.

In the forecast period, penetration of biometrics technologies is expected to gain momentum in other verticals such as Banking & Finance, Retail, Hospitality and Oil & Gas, which would bolster the demand for various biometrics systems in the country. 

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Mandatory Government Initiatives Fuelling the Growth of Saudi Arabia’s Biometrics Market-6Wresearch


Middle East region is emerging as a key growing region in global biometrics market, where countries such as UAE, Turkey and Saudi Arabia are exhibiting tremendous growth in overall biometrics market. Amongst all Middle East countries, Saudi Arabia is one of the fastest growing biometrics markets. The market for biometrics in Saudi Arabia is incrementing on the back of increasing IT spending, growth registered in biometric based access control systems, and increasing adoption of biometrics technologies across industry verticals.

According to 6Wresearch, Saudi Arabia’s biometrics market is projected to reach $1.5 billion by 2019. Fingerprint recognition technology occupies lion’s share in the overall market due to its ease of usage, cost efficiency and higher return on investments. Though, fingerprint technology market is anticipated to remain dominant during 2014-19, but higher growth rates are expected from other biometrics technologies such as face and IRIS recognition.

Mandatory Government Initiatives Fuelling the Growth of Saudi Arabia’s Biometrics Market-6Wresearch


Middle East region is emerging as a key growing region in global biometrics market, where countries such as UAE, Turkey and Saudi Arabia are exhibiting tremendous growth in overall biometrics market. Amongst all Middle East countries, Saudi Arabia is one of the fastest growing biometrics markets. The market for biometrics in Saudi Arabia is incrementing on the back of increasing IT spending, growth registered in biometric based access control systems, and increasing adoption of biometrics technologies across industry verticals.

According to 6Wresearch, Saudi Arabia’s biometrics market is projected to reach $1.5 billion by 2019. Fingerprint recognition technology occupies lion’s share in the overall market due to its ease of usage, cost efficiency and higher return on investments. Though, fingerprint technology market is anticipated to remain dominant during 2014-19, but higher growth rates are expected from other biometrics technologies such as face and IRIS recognition.

Mandatory Government Initiatives Fuelling the Growth of Saudi Arabia’s Biometrics Market-6Wresearch

India 3D Printers Market (2014 – 2019): Market Forecast By Technology, Applications and End Use


According to 6Wresearch, India’s 3D printer market is projected to grow at a CAGR of around 20% during 2014-19. In India, prominent used 3D printing technologies include selective laser sintering, stereo lithography, fused deposition modeling, and polyjet. In India’s 3D printers market, fused deposition modeling based 3D printers have accounted for majority of the market revenues on account of its ease of usage and affordable price. 

India 3D Printers Market (2014 – 2019): Market Forecast By Technology, Applications and End Use

India 3D Printers Market (2014 – 2019): Market Forecast By Technology, Applications and End Use


Report Description

3D printers are emerging as key growing printers in global landscape. Although, the market for 3D printers is in the nascent stage in India, but holds immense growth potential in the coming years. These printers are used for designing 3D models of engineering designs, objects, prosthetics, implants, dentures, fashion accessories, art, and decoration articles.

According to 6Wresearch, India’s 3D printer market is projected to grow at a CAGR of around 20% during 2014-19. In India, prominent used 3D printing technologies include selective laser sintering, stereo lithography, fused deposition modeling, and polyjet. In India’s 3D printers market, fused deposition modeling based 3D printers have accounted for majority of the market revenues on account of its ease of usage and affordable price.

In India’s 3D printers market, commercial segment leads where majority of the demand for these printers are emerging from commercial segment including healthcare sector, architecture, educational, art and craft, and other 3D printing service provider companies.

The report includes India 3D printer market by technologies; by end uses such as private, commercial, and industrial; by applications such as electronics, automotive, medical, industrial, architectural, educational, aerospace and provides their market trend and forecast in terms of volume (units) and revenue ($ Thousand) from the year 2011 to 2019 with CAGR projected from the year 2014 to 2019. The report also covers market dynamics, current trends, Porter’s analysis, and timeline in India 3D printer market.

Table of Content

1. Executive Summary
2. Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Markets Covered
2.4 Assumptions and Methodology
2.5 Table of Acronyms
3. Market Overview
3.1 Introduction
3.2 Global Market
3.3 Industry Investments
3.4 India Market
3.5 Industry Life Cycle
3.6 Benefits of 3D Printing
3.7 Evolution of Additive Manufacturing
3.8 3D Printing Process
3.9 Porter’s Analysis
4. Market Dynamics
4.1 Drivers & Restraints
4.2 Impact Analysis
4.1.1 Drivers
4.1.1.1 Increasing Scope of Applications
4.1.1.2 Growing Adoption in Healthcare Applications
4.1.1.3 Expiration of Key Patents
4.1.2 Restraints
4.1.2.1 Low Degree of Awareness
4.1.2.2 High Capital Cost
4.1.3 Opportunity
4.1.3.1 Opportunity Matrix
4.1.4 Trends
4.1.4.1 Commercial and Industrial use of 3D printers to gain momentum in the market
4.1.4.2 Sub – objects printing for large size models greater than printer envelope size
4.1.4.3 Increasing use in orthopedic treatments
4.1.4.4 Indian market not to respond in large volume numbers as expected
5. India 3D Printer Market Snapshot
5.1 Market By Technology
5.2 Market By Application
5.3 Market By End Use
6. Market By Technology
6.1 Introduction
6.2 Fused Deposition Modeling
6.3 Selective Laser Sintering
6.4 Stereo Lithography
6.5 Polyjet
7. Market By Application
7.1 Introduction
7.2 Electronics
7.3 Automotive
7.4 Medical
7.5 Industrial
7.6 Aerospace
7.7 Educational
7.8 Architectural
7.9 Others
8. Market By End Use
8.1 Introduction
8.2 Private Use
8.3 Commercial Use
8.4 Industrial Use
9. Value Chain Analysis
10. Competitive Landscape
10.1 Market Share Analysis
10.2 Competitive Positioning
11. Company Profiles (Manufacturers and Distributors)
11.1 3D Systems Corporation
11.2 Altem Technologies (P) Ltd.
11.3 Brahma 3
11.5 Fabbster
11.6 Flashforge
11.7 Jgroup Robotics Private Limited
11.8 Kcbots
11.9 Leapfrog
11.10 Optomec
11.11 Stratasys Ltd.
12. Outlook
List of Figures
1. Global 3D Printer Market Revenue, 2011 – 2019 ($ Million)
2. 3D Printer Market Revenue Share, By Geography, 2013
3. India 3D Printer Market Revenue, 2011 – 2019 ($ Thousand)
4. India 3D Printer Market Volume, 2011 – 2019 (Units)
5. India Healthcare Expenditure, 2011 – 2019 ($ Million)
6. India Medical Industry Share, By Segment (2013)
7. India 3D Printer Market Volume By Technology, 2011 – 2019 (Units)
8. India 3D Printer Market Revenue By Technology, 2011 – 2019 ($ Thousand)
9. India 3D Printer Market Volume Share By Technology (2014)
10. India 3D Printer Market Revenue Share By Technology (2014)
11. India 3D Printer Market Volume By Application, 2011 – 2019 (Units)
12. India 3D Printer Market Revenue By Application, 2011 – 2019 ($ Thousand)
13. India 3D Printer Market Volume Share By Application (2014)
14. India 3D Printer Market Revenue Share By Application (2014)
15. India 3D Printer Market Volume By End Use, 2011 – 2019 (Units)
16. India 3D Printer Market Revenue By End Use, 2011 – 2019 ($ Thousand)
17. India 3D Printer Market Volume Share By End Use (2014)
18. India 3D Printer Market Revenue Share By End Use (2014)
19. India Fused Deposition 3D Printer Market Volume, 2011 – 2019 (Units)
20. India Fused Deposition 3D Printer Market Revenue, 2011 – 2019 ($ Thousand)
21. India Selective Laser Sintering 3D Printer Market Volume, 2011 – 2019 (Units)
22. India Selective Laser Sintering 3D Printer Market Revenue, 2011 – 2019 ($ Thousand)
23. India Stereo Lithography 3D Printer Market Volume, 2011 – 2019 (Units)
24. India Stereo Lithography 3D Printer Market Revenue, 2011 – 2019 ($ Thousand)
25. India Polyjet 3D Printer Market Volume, 2011 – 2019 (Units)
26. India Polyjet 3D Printer Market Revenue, 2011 – 2019 ($ Thousand)
27. India 3D Printer Market Volume In Electronics Application, 2011 – 2019 (Units)
28. India 3D Printer Market Revenue In Electronics, 2011 – 2019 ($ Thousand)
29. India 3D Printer Market Volume In Automotive Application, 2011 – 2019 (Units)
30. India 3D Printer Market Revenue In Automotive Application, 2011 – 2019 ($ Thousand)
31. India 3D Printer Market Volume In Medical Application, 2011 – 2019 (Units)
32. India 3D Printer Market Revenue In Medical Application, 2011 – 2019 ($ Thousand)
33. India 3D Printer Market Volume In Industrial Application, 2011 – 2019 (Units)
34. India 3D Printer Market Revenue In Industrial Application, 2011 – 2019 ($ Thousand)
35. India 3D Printer Market Volume In Aerospace Application, 2011 – 2019 (Units)
36. India 3D Printer Market Revenue In Aerospace Application, 2011 – 2019 ($ Thousand)
37. India 3D Printer Market Volume In Educational Application, 2011 – 2019 (Units)
38. India 3D Printer Market Revenue In Educational Application, 2011 – 2019 ($ Thousand)
39. India 3D Printer Market Volume In Architectural Application, 2011 – 2019 (Units)
40. India 3D Printer Market Revenue in Architectural Application, 2011 – 2019 ($ Thousand)
41. India 3D Printer Market Volume In Other Application, 2011 – 2019 (Units)
42. India 3D Printer Market Revenue In Other Application, 2011 – 2019 ($ Thousand)
43. India 3D Printer Market Volume By Private Use, 2011 – 2019 (Units)
44. India 3D Printer Market Revenue By Private Use, 2011 – 2019 ($ Thousand)
45. India 3D Printer Market Volume By Commercial Use, 2011 – 2019 (Units)
46. India 3D Printer Market Revenue By Commercial Use, 2011 – 2019 ($ Thousand)
47. India 3D Printer Market Volume By Industrial Use, 2011 – 2019 (Units)
48. India 3D Printer Market Revenue By Industrial Use, 2011 – 2019 ($ Thousand)
List of Tables
1. Key Patents and Their Expiration Date
2. 3D Printing Technology Comparison
3. India 3D printer Market Volume, By Technology, 2011 – 2019 (Units)
4. India 3D printer Market Revenue, By Technology, 2011 – 2019 ($ Thousand)
5. India 3D printer Market Volume, By Application, 2011 – 2019 (Units)
6. India 3D printer Market Revenue, By Application, 2011 – 2019 ($ Thousand)
7. India 3D printer Market Volume, By End Use, 2011 – 2019 (Units)
8. India 3D printer Market Revenue, By End Use, 2011 – 2019 ($ Thousand)

Summary

3D printer is a new wave of innovation or advancement in additive manufacturing. 3D printers have made prominent market in developed countries and with the advancements in material research, low cost product development strategies, 3D scanners, and growing awareness & extent of penetration of 3D printers across the world, the market looks promising in the near future for the manufacturers.

India is relatively new to 3D printers and with increasing initiatives by local assemblers and domestic manufactures, the 3D printers are available at affordable cost to consumers. The location of research and development bases of most of the manufacturing and engineering companies present a wide opportunity for rapid adoption of 3D printers in the country.

Indian market is sensitive towards prices of 3D printer technology. Most of the established industries follow conventional approach of modeling through CNC machines on the flipside large format 3D printers are expensive and cost almost same as that of conventional machines, which raises reluctance among industrial consumers to opt for 3D printing. 3D printing market is still on evolving stage and yet to witness major transformation such as compatibility for mass production, easier design capabilities, and manufacturing of large format objects.

Utilization of 3D printers on commercial scale is yet to develop on large scale due to expensive nature, lack of awareness, and scalability of machines. These aforementioned reasons inhibit market growth in India.

The applications of 3D printing have been identified in the field of electronics, automotive, medical, architectural, aerospace, educational, industrial, and others. The predominantly used technologies in the market are selective laser sintering, stereo lithography, fused deposition modeling, and polyjet. As of 2013, electronics application leads the market (volume share of 24.1%) followed by automotive (21.2%), medical (15%), industrial (13.8%), aerospace (10.8%), architectural (5.2%), and educational (3.0%). India 3D printer market revenue is projected to reach $46 million by the year 2019.
Indian market for 3D printers have more potential in commercial segment including healthcare sector, architecture, educational, art & craft, and other 3D printing service provider companies. Special purpose applications, extent of customization, use in organ replacement, customized footwear designs, interior decoration, furniture modeling, educational models, fashion & apparels, animation & gaming, and chocolate and drug printing are some of the niche applications of 3D printers in Indian market.

Electronics application including circuit board printing, gaming consoles design, and design of other electronic goods constitutes largest application sector of 3D printing followed by automotive, industrial, medical, aerospace, and others. With the advancements in technologies, new printing material development, evolution in design software, and 3D scanning devices, the use of 3D printing in these applications is further likely to develop.

The globally established companies such as Stratasys and Optomec have partnerships or alliances with India based technology companies for increasing their customer base. Other established global players in 3D printing industry include Fabbster, 3D Systems, Leapfrog and Flashforge.

Major players active in India 3D printing market (including manufacturers and distributors) space are Altem Technologies, Imaginarium, Brahma 3, KCbots, and JGroup Robotics.

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India 3D printer market to exhibit firm growth of 20% during 2014-19 as a result of increasing use for rapid prototyping and 3D modelling across industry sectors


6wresearch:

3D printers are emerging as key growing printers in global landscape. Although, the market for 3D printers is in the nascent stage in India, but holds immense growth potential in the coming years. These printers are used for designing 3D models of engineering designs, objects, prosthetics,…

India 3D printer market to exhibit firm growth of 20% during 2014-19 as a result of increasing use for rapid prototyping and 3D modelling across industry sectors

India 3D printer market to exhibit firm growth of 20% during 2014-19 as a result of increasing use for rapid prototyping and 3D modelling across industry sectors


3D printers are emerging as key growing printers in global landscape. Although, the market for 3D printers is in the nascent stage in India, but holds immense growth potential in the coming years. These printers are used for designing 3D models of engineering designs, objects, prosthetics, implants, dentures, fashion accessories, art, and decoration articles. 

According to 6Wresearch, India’s 3D printer market is projected to grow at a CAGR of around 20% during 2014-19. In India, prominent used 3D printing technologies include selective laser sintering, stereo lithography, fused deposition modeling, and polyjet. In India’s 3D printers market, fused deposition modeling based 3D printers have accounted for majority of the market revenues on account of its ease of usage and affordable price.

Wide range of applications, increasing usage in orthopedic/prosthetic goods, and expiration of key technology patents have been identified as key driving factors in the market. Low degree of awareness, high capital cost, and complexity of use in manufacturing large size models are some of the restraining factors in the market.

Opportunities for 3D printing have been identified in organ replacement, furniture modeling, educational models, fashion & apparels, animation and gaming, and chocolate and drug printing. Latest trends in the market are assembly of low cost 3D printers, joint replacement, customized footwear designs, and interior decoration.

In India’s 3D printers market, commercial segment leads where majority of the demand for these printers are emerging from commercial segment including healthcare sector, architecture, educational, art and craft, and other 3D printing service provider companies. 

Private usage of 3D printers in India is yet to gain considerable adoption due to lack of awareness and their expensive characters. On the other hand, in industrial application these are used in the areas of automotive, aerospace, construction, and others. These industries majorly utilize 3D printers for prototype generation, creation of complex shapes and geometries, and customized designs.

Electronics application including circuit board printing, gaming consoles design, and design of other electronic goods constitutes largest application sector of 3D printing followed by automotive, industrial, medical, aerospace, and others. With advancements in technologies, new printing material development, evolution in design software, and 3D scanning devices are expected to extent the usage of 3D printers in various applications. 

Globally established companies such as Stratasys and Optomec have partnered with Indian based technology companies for increasing their customer base. Other established global players in 3D printing industry include EOS GmbH, Ultimaker, Object, 3Digiprints, Arcam AB, Exone, and Voxeljet.

Major players active in India 3D printing market space are namely Altem Technologies, Cycloid, DigiTech Systems, Imaginarium, Brahma 3, KCbots, and J Group Robotics.

For Further details, please contact:
sales@6wresearch.com
www.6wresearch.com