R&D Profiles of Leading 3D Printing Companies

By on June 17th, 2019 in Corporate

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 HPā€™s 3D Printing and Digital Manufacturing Center of Excellence [Image: Fabbaloo] HPā€™s 3D Printing and Digital Manufacturing Center of Excellence [Image: Fabbaloo]

Charles Goulding & Ryan Donley ofĀ R&D Tax SaversĀ discuss 3D printing R&D.

It is important to analyze the level of the R&D occurring at the leading 3D printer manufacturers to help understand just how quickly the industry is growing and why more companies are committing to the potential future of 3D printing.

 [Source: R&D Tax Savers] [Source: R&D Tax Savers]

Ā A table providing the last three years perĀ capitaĀ R&D for eight companiesā€™Ā public reporting purposes is presented above:

Some conclusions from the five company data forĀ the pure play 3D printers, Stratasys, 3D Systems, Renishaw, Protolabs, and OrganovoĀ are as follows.

  • This is an industry with a large commitment to R&D with three-year average spending of $191 million for all five pure 3D printing companies

  • The pure 3D printer manufacturers are engineering/design-intensive since the average company perĀ capita annualĀ R&D spend is $142,540, this excludes GE and HP.

  • Organovo,Ā the organ printing ompany, has particularly large perĀ capitaĀ numbers and very high yearly R&D growth but to date has a small employee count that slightly impacts the overall data results.

  • GE and HP Inc. are not 3D printing-specific, though have committed large portions of R&D spending on 3D printing as the companies have a combined 15% market share in 3D printing (HP 6%, GE, 9%) and continue to grow their capabilities in this realm. Their large numbers skew the overall data results.

This table only reflects the R&D investment of large commercial 3D printer manufacturers. Other 3D printer or R&D investors include:

  1. Foreign, US Federal and Local Government

  2. Universities

  3. Software Developers

  4. Material Suppliers

  5. Designers & End Users

  6. Numerous privately held 3D printer manufacturers, many of which have large R&D budgets, includingĀ Desktop Metal,Ā Markforged, andĀ Carbon.

By Charles Goulding

Charles Goulding is the Founder and President of R&D Tax Savers, a New York-based firm dedicated to providing clients with quality R&D tax credits available to them. 3D printing carries business implications for companies working in the industry, for which R&D tax credits may be applicable.