Thursday 20 December 2018, AmsterdamAccording to a new market intelligence report, titled "Global 3D Printing Market for Aerospace and Automotive Industry - Analysis and Forecast, 2018-2023", the 3D Printing Market for Aerospace and Automotive Industry was valued at $3.06 billion in 2017 and is anticipated to reach $9.36 billion by 2023 growing at a CAGR of 17.86% during the forecast period 2018-2023. The growth in the market can be attributed to the rising government initiatives to develop 3D printing technology for mass production. The adoption of Industry 4.0 to enable faster, flexible and efficient processes to manufacture high quality products at lower cost is also expected to increase the adoption of 3D printing technology, globally. Some of the factors driving the growth of 3D Printing Market for Aerospace and Automotive Industry are increasing investments for research and development (R&D), advancements in 3D printing technologies, and increasing fuel efficiency requirements in the automotive industry. The key market players in the global 3D Printing Market for Aerospace and Automotive Industry are 3D Systems, Inc., HP, Inc., Stratasys Ltd., SLM Solutions Group, EOS GmbH, BASF SE, Arkema, Evonik Industries AG, Materialise NV, General Electric, and Ultimaker B.V., among others.