The latest market report published by Acute Market Reports “3D Printing in Eyewear Market: Growth, Future Prospects, and Competitive Analysis, 2023 - 2030” the global market is expected to reach US$ 4.74 Bn by 2030 at a CAGR of 24.42% during the forecast period from 2023 to 2030.
Market Insights
Advancement in Additive Manufacturing Technology is driving the 3D printing in Eyewear Market
Eyewear industry is jumping to the next level with the advancement in manufacturing technology such as 3D printing. It is estimated that the global 3D printing in eyewear market will show a strong growth owing to advancement in additive manufacturing (AM) technology. Also, the market is expected to experience rapid growth on account of technologically advanced products such as augmented reality (AR) visors and virtual reality (VR) headsets and its rapid penetration in young generation. Overall, the global 3D printing in eyewear market is expected to register a CAGR of 24.42% from 2023 to 2030. With the technological advancement in 3D printing, mass customization of eyewear along with digital mass production, the global 3D printing in eyewear market is going to benefit in the long run. Additionally, companies such as Protos Eyewear, Sculpteo are providing design software for online customization of eyewear, thereby making eyewear 3D printing more sustaining.
The overall 3D printing in eyewear market is fairly competitive in nature with market players focused on technological upgradation and partnership. In addition, advancement in technologies is further expected to create investment opportunities in the market.
Industrial Developments
• In April 2021, EnvisionTEC, Inc. launched its strongest and highly durable new material, E-RigidForm. It enables the company to 3D print the world’s longest resin chain in a single piece. With this new launch and partnership with Henkel, EnvisionTEC, Inc. is expected to increase its market share.
• In February 2023, Luxexcel Group announced advancement of its 3D printing technology from pilot phase to commercial printing. In last 12 months, company had printed 5000 lenses on its VisionPlatforms™ which are installed in the U.S.A. and Europe.
Key Market Movements:
• Globally, the 3D printed eyewear market is growing at a CAGR of 24.42% for the period from 2023 to 2030.
• Based on technology, powder bed fusion segment captured nearly 65% market share in 2021. Powder bed fusion technology does not require support that enables the production of any complex shape. Further, it can build large volume that are large enough to fit several dozen full size frames in a single print job. Also, large range of materials can be used and the process is relatively inexpensive and is suitable for visual models and prototypes.
• On the basis of geography, North America was the largest regional market for 3D printed eyewear market in 2021. The region is not only technologically advanced but is home to major companies involved in additive manufacturing of eyewear.
Browse the full report at https://www.acutemarketreports.com/report/3d-printing-in-eyewear-market
List of Companies Covered:
• Carbon, Inc.
• EnvisionTEC, Inc.
• Luxexcel Group
• Netlook, Inc.
• MONOQOOL
• Protos Eyewear
• Boulton Eyewear
• JINS Eyewear US, Inc.
• Materialise
• LUXOTTICA GROUP
