Despite a slump in the broader 3D printing space, industrial 3D printing continues to grow, with startups focusing on everything from creating advanced composite materials to processing printed products.
In 2015, the 3D printing space experienced a significant downturn.
Stratasys, which owns consumer printer manufacturer MakerBot, saw its share price decline to $23 — down 83% from its 2014 peak of $136. Meanwhile venture-backed deals in the space declined 22% from 2015 to 2016.
But despite this decline in the broader market, industrial 3D printing appears to have been largely unaffected by the slump. Venture deals to companies in our Industrial 3D Printing collection increased 37% over 2015 – 2016, and have grown another 15% in 2017 YTD.
Industrial markets offer some of the most promising applications for 3D printing technology, with potential to reduce costs, increase performance, and shorten supply chains.
Companies such as GE, Airbus, and Royal Dutch Shell serve as early adopters, end-users, and investors in 3D printing technology. For example, GE is currently printing a jet-engine fuel nozzle, and employs 1,000 material scientists in its GE Additive division.
Using CB Insights data, we uncovered 40 venture-backed industrial 3D printing companies transforming the space.
We define industrial 3D printing to include startups that supply 3D printing machines, materials, software, and services to B2B markets, including aerospace, automotive, construction, oil and gas, and other heavy industry. We exclude 3D printing companies focused on consumer and healthcare applications.
This market map includes private, active companies only and is not meant to be exhaustive of companies in the space. Categories are not mutually exclusive.
Please click to enlarge.