Additive Manufacturing Market is Expected to Reach US$ 122 Bn by the year 2031

Additive Manufacturing Market 2021-2031

Significant increase in new aircraft deliveries, followed by mounting production of automotive and industrial equipment, will continue to drive the demand for additive manufacturing during forecast period (2019 - 2031). A new Persistence Market Research (PMR) study suggests that global demand for additive manufacturing would account for stupendous revenue growth at nearly 21% CAGR over the projection period.

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Prominently driven by increasing demand for additive manufacturing products in medical, automotive, and consumer electronics industries, the global additive manufacturing market will also gain a prominent boost from the aerospace & defense industry.

Key Players:

The report has profiled some of the Important players prevalent in the global like – General Electric, Xerox Corporation, Wipro Limited, Ansys, Inc., Renishaw plc., Stratasys Ltd., Mazak Corporation, and Siemens AG and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Additive Manufacturing.

Key Takeaways – Additive Manufacturing Market

The synergy between Internet of Things (IoT) and additive manufacturing to achieve Nano dimensions, targeting its application in electronic devices and to print rolls of solar cells in the form of sheets, are key opportunities for the adoption of additive manufacturing in the electronics industry.

Key industries at the forefront usage of additive manufacturing are aerospace, industrial equipment, medical and automotive. However, there are also emerging opportunities in various industries such as construction, consumer goods, and renewable energy.

Powder bed fusion technique is highly preferred over other counterpart techniques, given their superior efficiency in aerospace and automotive applications.

East Asia is projected to be a prominent regional market for additive manufacturing, on the back of growing aerospace & defense, automotive, and electronics products, especially in China. Further, increasing government investment on defense projects in India is anticipated to amplify the demand for additive manufacturing.

Additive manufacturing provides on-site production capability, which result in reducing the lead time and cost of supply including transportation, suppliers cost, inventory and other miscellaneous cost for end users. Such factor is likely to influence demand for the additive manufacturing during the forecast period.

The electronic industry is expected to witness an opportunity to produce electronic products via additive manufacturing such as solar cells, electronic circuit boards, conductor, resistor, dielectric and semiconductor inks that can be processed to create advanced components, which further drive the additive manufacturing market.

The bandwidth of additive manufacturing will increase with respect to scale and accuracy of finished product. Moreover, it is expected to be fast growing and a cost-efficient solution for next-generation production process. Furthermore, there has been remarkably growing inclination of industries towards additive manufacturing technology, as it tends to reduce the back log orders.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Additive Manufacturing Market Manufacturers 
Additive Manufacturing Market Distributors/Traders/Wholesalers 
Additive Manufacturing Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.