The 3D Printing Filament Market is expected to reach USD 9.03 billion by 2030, with a robust compound annual growth rate (CAGR) of 24.65% during the forecast period from 2023 to 2030.
In February 2021, Walkinshaw Andretti United (WAU) partnered with Stratasys Ltd. for the 2021 Supercar Championship. WAU will utilize Stratasys FDM Printers to create prototypes of customized parts for Supercars, as well as tooling and fixtures for production within the Walkinshaw Group. This collaboration enhances WAU's capabilities in performance vehicle design, engineering, and development.
In January 2021, Stratasys Ltd. acquired UK-based RP Support Ltd. (RPS), expanding its polymer suite of solutions across the product life cycle, from concept modeling to manufacturing. Stratasys will offer RPS' Neo® line of systems globally, leveraging its go-to-market infrastructure to provide an expanded set of applications.
Also in January 2021, 3D Systems expanded into bioprinting with a breakthrough in lung regeneration, focusing on regenerative medicine and bioprinting solutions. This initiative was driven by progress made in partnership with United Therapeutics Corporation and Lung Biotechnology PBC in designing 3D printing systems for solid-organ scaffolding and human lung regeneration.
In February 2021, 3D Systems collaborated with the US Army, Raytheon Technology, and partners on a virtual design and qualification project titled 'Research for Virtual Design and Qualification Process for Additively Produced Parts Designed for Multi-Laser Machines.' This project, involving Raytheon Technology, the Penn State Applied Science Centre, Johns Hopkins University, and Identify3D, aims to refine components to enhance cooling and overall system performance compared to the Army modernization product.
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