Does 3D Printing have the potential to revolutionize markets and businesses in China-A Look into Development of 3D Printing in China - 3dprint ...
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Does 3D Printing have the potential to revolutionize markets and businesses in China -A Look into Development of 3D Printing in China Lim Mun Chun Senior Market Analyst 1 © IDC, 2019
Worldwide 3D printing (including hardware, materials, software, and services) spending to be nearly $22.7 billion with a five-year compound annual growth rate (CAGR) of 19.1%. United States Western Europe China 38.7% 24.5% 12.9% ~$8.8 Billion ~$5.5 Billion ~$2.9 Billion 33% Hardware 37% Hardware 48% Hardware 36% Material 41% Material 20% Material 30% Services 20% Services 27% Services 1% Software 2% Software 5% Software © IDC, 2019 2
IDC Expects APEJ to be one of the largest region along United States & Western Europe on overall spending with Key China driving the force. China is expected to experience fastest spending growth over the five-year Takeaways forecast period with CAGR of 21.6% Metal 3D Printing Continues to rise in China with strong adoption in Aerospace Discrete Manufacturing and tooling industry Dominant industry for 3D printing, delivering more than half of all worldwide spending throughout the 2018-2022 forecast End Part Production Aerospace and defense industry, combined with the tooling industry, accounted for about 60% of the market share for end-part production. © IDC, 2019 3
China Aim to Become An Industrial Powerhouse RATIONALE behind 2025 MANUFACTURING MAKEOVER PLAN MANUFACTURING POWER Gap 1New Normal 2 Priority Focus 2035 MID-TIER AMONG WORLD Global Manufacturing 10 Sectors Focus Aging Society, Rising Labor Cost 2045 LEADING WORLD MFG. POWER Large % of GDP & Export AM Development 1980s’ 1990s’ 2000s’ 2015+ AM System & RP center, First Aerospace AM Application AM company & components, First implementation Research product high-end SLS system Plan 《增材制造产业发展行动计划(2017-2020年)》 9,809 8 AM Industry Development Action Plan (2017 – 2020) 3,519 《“增材制造与激光制造"重点专项2018年度项目申报指南》 AM and Laser Manufacturing Key Special Project 2018 3DP Related Initiatives in 2017 Source: ASKCI Corporation © IDC, 2019 4
Powder Bed Fusion maintains momentum. Metal a predominant focus in China while thermoplastic is gaining traction Binder Jetting Direct Metal Laser Sintering (DMLS) Digital Light Processing (DLP) Electron Bean Melting (EBM) Fused Deposition Modelling (FDM) Multijet Fusion (MJF) Material Jetting Selective Laser Melting (SLM) Selective Laser Sintering (SLS) Stereolithography (SLA) US$25-100k >US$100k Units 316 392 350 392 2017H1 2017H2 2018H1 2018H2 2017H1 2017H2 2018H1 2018H2 92.5 129.6 121.1 122.9 US$ million 2017H1 2017H2 2018H1 2018H2 2017H1 2017H2 2018H1 2018H2 Source: IDC, April 2019 © IDC, 2019 5
Aerospace & Defence continue to experience strong growth in China with 36% YoY increase while digital dentistry starts picking up Tooling Aerospace & Defence Education Medical Automotive Electrical & Electronics Dental 2017 $66.93 $49.83 $41.80 $28.17 $15.04 $10.20 $19.86 2018 $72.97 $67.73 $47.50 $20.55 $15.34 $10.64 $27.40 % Growth 9.02% 35.92% 13.63% -27.03% 2.00% 4.30% 37.98% >90 % SLM, DMLS, FDM, SLS, SLA SLM, DMLS, EBM SLM, SLA, DMLS, SLS, FDM, Material Jetting, SLM, SLS, SLA, SLS, FDM, Material SLS, SLA, FDM, Material SLM, SLA, DLP, Material Share (96%) (97%) Material Jetting (96%) SLA (94%) Jetting (97%) Jetting (93%) Jetting (100%) 6% Material (US$ mil) 13% 0% 0% 2018 Split by 27% 35% 46% 54% 65% 73% 94% 87% 100 100 % % Metal Non-metal Source: IDC, April 2019 © IDC, 2019 6
China’s Key Verticals 3D Printing Development Applications usage and Activities in China Aerospace & Defense Tooling Automotive • China made C919 commercial airliner and engine • Interest rise in AM conformal cooling channel as to • Car makers are targeting to reduce overall development • INDICS Aerospace cloud manufacturing prolong tool life and increase productivity cycle • Multiple development parts in aircraft • Increasing demand of high-mix low volume product • Evaluating AM for end part production such as heat >US$25K Price Band Applications Split • Interest rise in factory automation with AM • Temporary spare parts are seen being produce with AM exchanger • Personalization gaining traction 10 46 10 66 88 64 49 136 156 61 294 41 31 148 2017 2018 2017 2018 2017 2018 Medical Dental • Pre-surgical planning and practice model is common use • Expiry of clear aligner patent had prompt more interest cases in the region • Some province in China has include AM dental product • Multiple medical implants successful case studies in insurance coverage • 2 enterprise and 4 3DP parts certified by CFDA, • 3DP as a method to produce dental crown is raising discussion are on going 11 5 39 Prototyping 22 40 Manufacturing Aids 155 128 203 210 End Use Part © IDC, 2019 7 Source: IDC, April 2019 2017 2018 2017 2018
Print Service Providers: an important role in China’s 3D Printing Development 东北 SLA is still the dominant lead 2017 but PBF is gaining traction 83% 华北 More than 210 Beijing 3D Print Service Providers 西北 available in China 西南 Shanghai 2018 华中 76% 华东 East PBF VAT 华南 Source: IDC, April 2019 South © IDC, 2019 8
Into the Tailwind and Opportunities Ahead Significant breakthrough in AM development $659.65 >30% YoY Growth by 2020 $576.05 Establishment of AM Ecosystem $510.40 2-3 capable local brand internationally $454.32 $404.25 US$ Million $371.94 New Verticals and Penetration of 3DP >US$25K Market Forecast in China 6,149 5,602 5,038 4,443 3,845 3,255 Units 2018 2019 2020 2021 2022 2023 Source: IDC, April 2019 © IDC, 2019 9
IDC FutureScape: Chinese-Based Vendor Leads Prediction 1: By 2021, a Chinese-Based Vendor Will Have Become One of the Top 5 3D Printing 1 Global Market Share Leaders in the Industrial Segment as a Result of a Vendor Acquisition Made to Companywide Market Satisfy Increasing Demand from Chinese Manufacturers Supply Worker Skill Adoption Chains Set IP 2 Prediction 2: By 2021, 20% of Manufacturers Will Have Begun to Evaluate Robotics–3D Printer Hybrids for the Production Floor 1010 4 6 9 ORGANIZATIONAL IMPACT 6 Prediction 3: By 2021, 10% of Discrete Manufacturers Will Start to Incorporate 4D Printing Via the 4 3 Use of Smart Materials to Produce Intelligent Parts Capable of Adapting and Reacting to 7 Robotics-3D Environmental Conditions or business units Mgt SW 7 Hybrid Chinese Prediction 4: By 2021, 3D Printing Intellectual Property Concerns Will Have Lessened, as up to departments Vendor 4 50% of Commercially Used 3D Printers Will Include a Monitoring Application to Prevent Illegal and Multiple High- 8 Leads 1 Unauthorized Printing 2 2 Performance 8 Prediction 5: By 2020, 25% of Prosthetic 3D Printing Will Be Operationally Managed Using a Material 5 Secure Blockchain, Enabling Secure Patient-Specific Data Sharing, Tightly Controlled Prosthetic Production and Distribution, and Reduced Process-Related Liabilities 3 3 5 5 Prediction 6: By 2020, the Demand for 3D Printing Skills and the Transition from Prototyping to 6 Production Drives 20% of G2000 Manufacturers to Expand Their Own Digital Training Programs Smart or business unit Prosthetics and Digital Cooperatives department Materials Prediction 7: By 2020, More than 20% of Companies Using 3D Printers Will Rely on 3D Print 7 A single Management Software to Secure, Monitor, and Manage Their 3D Printers as They Would Other IT Assets Prediction 8: By 2020, New High-Performance Materials Will Be Used With 3D Printing Jetting 8 Systems to Produce Up to 15% of the Short-Term Replacement Parts Required to Support Operations in Remote Locations Prediction 9: By 2021, 20% of Manufacturers Will Have Adopted a 3D Printing Collaborative 2018 2019 2020 2021 9 Platform Within Their Supply Chain to Better Leverage the Broader Ecosystem of 3D Printing Services TIME TO MAINSTREAM Source: IDC, 2017 10 Prediction 10: By 2020, Enabled by Rapid Changes in 3D Printing Economics, All Top 10 Manufacturers in the Dental, Eyewear, Footwear, and Orthotics Industries Will Have Embraced 3D Worldwide APEJ Printing for Mass Customization © IDC, 2019 10
Lim Mun Chun Thank You! Senior Market Analyst Email: mclim@idc.com LinkedIn: www.linkedin.com/in/munchunlim/ © IDC, 2019 12
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