The technology industry is embracing new 3D printing technologies, evident from recent advancements in patents. These innovations drive strategic investments and partnerships, reflecting the industry’s commitment to advancing 3D printing. Despite fluctuations in deal trends, the sector’s growth is evident, emphasizing its dynamic evolution in pushing the boundaries of manufacturing. The impact of 3D printing extends beyond the technology sector, influencing various industries. GlobalData’s 3D printing market report provides comprehensive analysis of the market. Buy the report here.
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This article presents a quarterly round-up of the latest trends in the technology industry regarding 3D printing. It provides an overview of recent developments in 3D printing-related deals, talent acquisition, and patent filings within the technology industry.
Diverse applications of 3D printing in technology industry
Technology companies like Seiko Epson Corp, Toyota Motor Corp, Nikon Corp, HP Inc, and Carestream Dental LLC are leveraging new 3D printing technologies to innovate and improve their businesses. These companies have recently patented advancements in 3D printing systems, resin formulations for adhesive bonding, shaping apparatus, object packings, and optimization methods for orthodontic applications. These patents showcase the companies' commitment to pushing the boundaries of 3D printing technology, enabling them to create more efficient, precise, and customizable products. By acquiring these patents, the companies can enhance their manufacturing processes, develop new products, and provide cutting-edge solutions to their customers in various industries. The advancements in 3D printing technologies will undoubtedly benefit the acquirers by boosting their competitiveness and driving further growth in the rapidly evolving field of 3D printing.
The industry experienced a 22% decline in the number of 3D printing-related patent applications in Q1 2024 compared with the previous quarter. On an annual basis, the number of 3D printing-related patent applications in the technology industry witnessed a drop of 10% compared with Q1 2023.
Strategic deal trends in 3D printing in technology industry
Technology companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in 3D printing. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of 3D printing in the technology industry.
In Q1 2024, the number of 3D printing-related deals in the technology industry grew by 4% compared with Q1 2023. On a quarterly basis, there was 13% drop in the number of deals in Q1 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q1 2024, the technology industry experienced a 28% growth compared with the previous quarter. On an annual basis, job postings also declined by 25%. Notably, computer and mathematical occupations, with a share of 25%, emerged as the top 3D printing-related job roles within the technology industry in Q1 2024, with new job postings rising by 6% quarter-on-quarter. Architecture and engineering occupations came in second with a share of 21% in Q1 2024, with new job postings rising by 36% over the previous quarter. The other prominent 3D printing roles include management occupations with a 13% share in Q1 2024, and business and financial operations occupations with a 4% share of new job postings.
HP, Stratasys, Veeco Instruments, Autodesk, and 3D Systems are among the top companies leading in 3D printing hiring within the technology industry.
Countries driving adoption of 3D printing in technology industry
The US is the leading country in 3D printing adoption within the technology industry, boasting the highest number of 3D printing-related patents, jobs, and deals. Meanwhile, China, Japan, South Korea and the UK also maintain significant positions in 3D printing adoption within the technology industry.
In conclusion, the 3D printing sector, despite a decline in patent applications, is witnessing strategic investments and partnerships, driving innovation. The growth in deals and job postings reflects the industry's resilience and commitment to advancing 3D printing technologies.
To further understand GlobalData's analysis on 3D printing in the technology industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData patent analytics tracks patent filings and grants across companies and themes. Proprietary databases on deals and job analytics are used to respectively monitor global deal activity and uncover insights from daily job postings to identify trends, company activities, and industry dynamics across different sectors globally.
