Additive Manufacturing Market

Global Market Study on Additive Manufacturing: Increasing Demand for 3D Printed Electronics Signals Notable Opportunity

Introduction

Ascending demand for additive manufacturing or 3D printing technology from the automotive, healthcare, and consumer electronics industries will remain among the key factors fueling market for additive manufacturing at a global level. The electronics industry is particularly expanding at a spectacular rate, which would continue to offer a strong boost to the consumption of 3D printed electronics.

Despite technological blockades, Asian players are projected to hold a significant potential for market growth. This growth potential can be attributed to the rapid expansion of consumer electronics industry in the Asian region and the subsequent rise in demand for additive manufacturing machines for manufacturing of 3D printed solar cells, electronic circuit boards, conductor, resistor, and dielectric and semiconductor inks that can be processed to create both active and inert components.

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Companies

  • Renishaw plc. 
  • Materialise
  • Wipro Limited
  • ANSYS, Inc.
  • Siemens Industry Software Inc.
  • Evonik
  • Stratasys Ltd.
  • Xerox Corporation
  • General Electric
  • AMFG
  • Optomec
  • American Additive Manufacturing LLC
  • Mazak Corporation. 

Increasing Government Funding to Promote Additive Manufacturing

Increasing support of governments in form of funding is providing a strong impetus to the application potential of additive manufacturing or 3D printing technology. Government agencies in developed economies such as the U.S., the U.K., Japan, Australia, France, Italy, and Germany are funding and boosting the usage of advanced manufacturing technologies such as additive manufacturing and next-gen technologies such as Artificial Intelligence (AI), machine learning, and robotic automation to improve productivity and competitiveness.

In 2018, Australian government (Department of Industry) allotted more than US$ 20 Mn to support capital projects from SMEs and to expand advanced manufacturing activities. In 2018, the U.K. government also allocated nearly US$ 225 Mn for research and development in additive manufacturing.      

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Developing Economies to Offer Lucrative Investment Opportunities

The global additive manufacturing industry has been witnessing substantial growth in emerging economies such as India, China, Brazil, and Turkey. Driven by growth in emerging industries, manufacturers are focusing on ensuring on-demand manufacturing and easy customization. The adoption of additive manufacturing can significantly reduce their time-to-market. In developed economies, consumers’ expectation for safety, portability, convenience, and early delivery has increased.

The additive manufacturing market is growing at a faster rate in recent times, driven by adoption of automation solutions to fasten the manufacturing process along with the potential to reduce weight of finished goods from 30-50%. Growing demand for additive manufacturing products and options from developing countries, such as India, China, Brazil, Turkey, South Africa, Indonesia, and Malaysia, has become a driving force for the adoption of additive manufacturing machines among end-use industries.

There is a rising trend of converting conventional machines into additive manufacturing machines to increase speed, reliability, and efficiency. Further, flexible additive manufacturing options offering various benefits such as lightweight nature for aerospace and automotive applications, have further increased the demand for additive manufacturing machines in recent years.

additive manufacturing market

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Additive Manufacturing Market Characterized by Increasing Vendor Consolidation

The additive manufacturing market landscape is fragmented with a large number of new entrants in the market especially small and medium scale enterprises. Key participants in the additive manufacturing market are General Electric, Evonik, Xerox Corporation, Wipro Limited, Ansys, Inc., Renishaw plc., Stratasys Ltd., Mazak Corporation, and Siemens AG.

Over the last few years, additive manufacturing market has been witnessing an increase in the number of acquisitions by leading manufacturers to complement their business model and strengthen their footprint in regional markets.

  • In 2016, General Electric acquired ~73% share of Arcam AB. Arcam AB is the inventor of electron beam melting machines for metal-based additive manufacturing.
  • In November 2017, General Electric acquired additive manufacturing software simulation company GeonX.
  • In November 2019, Siemens AG signed an agreement to acquire Atlas 3D, Inc. This acquisition will allow the company to expand its product portfolio in additive manufacturing.

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Analyst’s Viewpoint

A detailed view of the global additive manufacturing market has led our analyst to conclude that the market is growing impressive rate owing to increasing electronic and aerospace industry across the globe. The additive manufacturing market is expected to be characterized by innovative product development for varying end user applications over the forecast period. East Asia & South Asia additive manufacturing markets are expected to be an opportunistic market in terms of sales.

Key Segments of Additive Manufacturing Market

PMR’s study on the additive manufacturing market is divided into four different segments- product type, technique, application, and region. This report offers comprehensive data and information about the important Additive Manufacturing market dynamics and growth parameters related to these categories.

Product Type

  • Hardware
    • Polymer Machine
    • Metal Machine
    • Desktop Machine
  • Material
    • Polymer & Composite
    • Metal
    • Ceramics
  • Software

Technique

  • Powder Bed Fusion
  • Direct Energy Deposition
  • Material Jetting
  • Binder Jetting
  • Material Extrusion
  • Photopolymerization

Application

  • Medical
  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Architecture
  • Industrial Equipment
  • Education & Research

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

Key Questions Answered in PMR’s Additive Manufacturing Market Report

  • Which segment is expected to dominate the market share over the forecast period?
  • What will be the key factors driving the demand for additive manufacturing globally during the forecast period?
  • How current trends will transform the additive manufacturing market?
  • What are the significant market players doing in the additive manufacturing market?
  • What are the crucial strategies of prominent players in the additive manufacturing market to upscale their positions in this landscape?

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