As two high-tech industries, 3D printing and drones are both industries that have only caught fire in recent years. The two industries are comparable in many aspects, such as industry scale, development model and application potential. In this article, Antarctic Bear will compare the two industries horizontally, so that readers can better understand the development of the two industries.
Comparison of industry scale
3D printing scale
Wohlers Associates, Inc has published a report on the 3D printing market in 20 19, which can be called a "Bible" guide for people in the industry. The report predicts that all 3D printing (additive manufacturing) products and services in the world will reach $654.38+058 billion. According to its forecast, the revenue forecast of Antarctic Bear 3D printing network will climb to $23.9 billion in 2022 and reach $35.6 billion in 2024.
According to IDC's latest global semi-annual 3D printing expenditure guide, researchers say that the expenditure on 3D printers and materials accounts for two-thirds of the global market, and will reach 7.8 billion dollars and 8 billion dollars in 2022, and the service expenditure will reach 4.8 billion dollars in 2022. The service market is dominated by on-demand component services and system integration services. At the same time, the sales growth rate of 3D printing related software will be lower than the whole market, with a five-year growth rate of 16.7%.
According to IDC's analysis, the main use cases of 3D printing are prototyping, after-sales parts and newly developed product parts. These three types of applications will account for 45% of the global expenditure in 20 19. In dental and medical applications, the five-year compound growth rate of tissue/organ/bone joint printing will exceed 2 1%.
"With the emergence of high-speed 3D printers and the increase of materials available for 3D printers, more and more industries can widely adopt 3D printing," IDC predicts that the revenue of 3D printing materials will exceed the revenue of 3D printer hardware.
Geographically, in 20 19, the total expenditure of the United States was the largest, reaching $5.4 billion, followed by $4 billion in Western Europe. Together, these two regions will provide nearly two-thirds of the 3D printing expenditure. China will be the third largest region, spending more than US$ 6,543.89 billion, followed by Asia Pacific (excluding Japan), Central and Eastern Europe (CEE) and Middle East and Africa (MEA).
UAV scale
The UAV industry data released by IDC also shows that in 20 19 years, the global UAV expenditure will reach123 billion US dollars, with a compound annual growth rate of 30.6%. The expenditure on drones will also be mainly hardware procurement, of which about 90% will be used for drones and after-sales drone hardware.
In 20 19, the consumer UAV market will account for about 40% of the whole UAV market, while the service UAV market will account for 18% of the whole UAV market.
The service expenditure will mainly be education and training expenditure, with the fastest growth in the next five years (compound annual growth rate of 35.9%), followed by software (compound annual growth rate of 33.9%) and hardware (compound annual growth rate of 30. 1%). UAV software spending will be mainly used to purchase command and control applications and UAV-specific applications.
In 20 19, public utilities (1400 million USD), construction (1500 million USD) and discrete manufacturing (91300 million USD) will dominate the expenditure of UAV industry. In the next five years, the fastest growing sectors of UAV market will be government procurement (compound annual growth rate of 56%), education (compound annual growth rate of 5 1%) and retail (compound annual growth rate of 42.05438+0%).
IDC predicts that by 2022, the resource industry will surpass the construction industry and discrete manufacturing industry and become the second largest commercial drone market.
Industry application comparison
At the application level, 3D printing and UAV can be divided into two parts: commercial application and personal application.
As a tool product, 3D printing has a wide range of applications, covering industrial parts, molds, hand boards, automobiles, jewelry, cultural creativity, gifts, film and television props, education and scientific research, medical care, dentistry, aerospace, architecture, food, biology and so on. However, at present, there is still no large-scale outbreak of application market in various fields. This is related to the fact that 3D printing technology was mainly used for sample printing. Now that 3D printing technology is gradually transformed into production, the application output value of 3D printing industry will show high growth.
At present, the UAV market is mainly composed of personal consumer UAVs and commercial UAVs. Consumer drones are mainly used for entertainment scenes such as aerial photography and follow-up. Commercial UAVs are widely used in agriculture, forestry, plant protection, logistics, security, patrol and other fields. The price of consumer drones is basically kept below $5,000, and the endurance does not exceed 1 hour. Compared with personal drones, commercial drones have larger payload and longer flight time, which is the most successful in industrial applications at present. Although the commercial drone market has a small shipment, its price is high, and its revenue accounts for two-thirds of the drone market.
According to the fuselage structure, UAVs are mainly divided into three types: fixed wing, helicopter and multi-rotor. With the maturity of technology, the cost of spare parts has been reduced, and application scenarios such as aerial photography and power inspection have been developed. The market of small civil UAVs, mainly multi-rotor UAVs, has become a hot spot.
Comparison between domestic and foreign enterprises
In the UAV industry, China enterprises shine brilliantly.
A ranking of 20 17 shows that the top ten domestic drone brands are DJI Innovation Company and Zero Intelligence Control Company respectively. For consumer drones with the price of 400-1500 (RMB 2660-9990), DJI innovation occupies more than 70% of the global market share, ranking first.
UAV Enterprise Valuation
In the field of unmanned aerial vehicles, China has a world-class leading company. Since its establishment in 2006, DJI has grown into a "unicorn" in the UAV industry in less than 12 years, and the consumer UAV market ranks first in the world, accounting for 70% of the global market share.
In 20 13, the sales revenue of DJI was 830 million yuan, and in 20 14, the sales increased nearly fourfold, reaching 3.07 billion yuan. From 20 15 to 20 17, the revenue of DJI was 5.98 billion yuan, 9.78 billion yuan and1757 million yuan respectively, and the growth rate remained above 60%. The board of directors of DJI predicts that the income of DJI will reach 654.38+70 million yuan in 2022.
In 20 13 years, DJI was valued at $300 million, and in 20 17 years,1500 million, which was 50 times higher in five years. According to the agency's calculation, if the new business is included, the DJI valuation will reach $654.38+050 billion in 2022; If new business is not included, it will reach a valuation of 60 billion US dollars in 2020 and exceed 654.38+000 billion US dollars in 2022.
3D printing enterprise valuation
However, China's 3D printing industry has not yet produced a company with the same level as DJI. Domestic leading 3D printing companies, such as Pro 3D, Platinum and Chuangxiang 3D, earn 300-500 million RMB in 20 18. The revenue scale of foreign leading enterprises such as EOS in Germany, 3D Systems in the United States and Stratasys is in the range of $400-700 million.
The market value/valuation comparison of 20 global 3D printer manufacturers released by Antarctic Bear 20 19 shows that European and American companies still occupy the leading position in the 3D printing industry, and only a few 3D printing companies have squeezed into the global ranking, but there is still a big gap compared with DJI, the leader of this drone.
According to the rough calculation of Antarctic Bear, the DJI will be valued at 60 billion US dollars in 2020, which exceeds the sum of all the mainstream 3D printer manufacturers in the world. According to the market value/valuation comparison of 20 global 3D printer manufacturers released by Antarctic Bear 20 19, excluding traditional industrial manufacturers such as GE and HP, among more than 20 major manufacturers whose main business is 3D printing, their valuations add up to 19. Even if the total valuation of these more than 20 3D printing manufacturers increases to $20 billion by 2020, the valuation is only one third of that of DJI.
Can it be considered that the potential of 3D printing is far from being released?