Robotics in Additive Manufacturing Market is projected to reach a value of $253.58 million by 2030

In 2022, the Robotics in Additive Manufacturing Market was valued at $100.25 million and is projected to reach a market capitalization of $253.58 million by 2030. Over the forecast period of 2023-2030, the market is estimated to grow at a CAGR of 12.3%. The market for Robotics in Additive Manufacturing is projected to grow in the coming years due to the development of new technologies such as artificial intelligence, machine learning, and robotics in the field of Additive Manufacturing market.

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Robotics in the Additive Manufacturing industry refers to the integration of robots and other automated systems into the process of additive manufacturing, also known as 3D printing. This involves the use of robotic arms and manipulators to build objects layer by layer using various materials such as metal, plastic, and composites. Robotics in Additive Manufacturing can increase production speed and efficiency, reduce human intervention, and enhance the accuracy and consistency of the printing process. The market for Robotics in Additive Manufacturing is growing as manufacturers seek to adopt more advanced and automated technologies to meet the demands of various industries. Key applications of robotics in additive manufacturing include aerospace, automotive, consumer goods, medical devices, and others. The support provided by government bodies in the form of funding, tax incentives, and subsidies has further encouraged the growth of the Robotics in Additive Manufacturing market.

The COVID-19 pandemic has had a significant impact on robotics in the additive manufacturing market. The starting phase of the pandemic saw a decline in demand due to supply chain disruptions and the closure of manufacturing facilities. However, as the pandemic spread, businesses tried to automate their processes and lessen their reliance on human labour which raised the demand for robotics in the additive manufacturing industry. As businesses started looking for methods to improve their operational efficiency and competitiveness, the pandemic spurred the adoption of digital technology, that including robotics in additive manufacturing. Given that robots may be taught to make certain products, the market for robotics in additive manufacturing started expanding as a result of the rising demand for personalized products. The demand for robotics in additive manufacturing is also driven by the increase in the production of end products like aircraft and automotive components. Thus, the integration of robotics and artificial intelligence into the additive manufacturing process is enabling more efficient and automated production, leading to improved productivity and reduced costs, and is a key trend in the industry. Although, integrating Robotics in Additive Manufacturing into existing manufacturing processes can be complex and time-consuming and can be a challenge for some companies to adopt this technology. Also, there is a shortage of workers with the necessary skills to operate and maintain Robotics in Additive Manufacturing equipment which can also be a challenge for companies looking to adopt these technologies. Also, robotics in the Additive Manufacturing industry requires highly specialized equipment that is often expensive, which can be a barrier for smaller companies and manufacturers to adopt these technologies. Therefore, robotics in the process of Additive Manufacturing still faces technical limitations, such as the speed of production and the accuracy of the final product, which can limit its adoption in certain applications.

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Segmentation Analysis:
Robotics in Additive Manufacturing Market includes:

By Components:
• Robotic Arms
• Robotic Accessories
• End Effectors
• Controllers
• Drive Units
• Vision Systems
• Sensors
• Power Supply
• others

The Robotic Arms segment includes the robotic components responsible for executing the build process. Robotic arms have the highest share in the market in this segment due to them being the most basic equipment required for projects in any application. These arms can range in complexity and size, with the more sophisticated systems incorporating multiple degrees of freedom, multiple motors, and advanced control systems. The controllers segment includes the hardware and software components responsible for controlling the robotic arm and other system components. These controllers can range from simple, single-purpose units to advanced, multi-purpose systems incorporating machine vision and advanced control algorithms. The other segment includes a range of additional components, such as feedstock material sensors, and power supplies.

By Application:
• Automotive
• Electrical/Electronics
• Metal/Heavy Machinery
• Chemical, Rubber & Plastics
• Food
• others

The automotive industry is the largest user of Robotics in the Additive Manufacturing Market due to the size and scale of its production and requires more and more technology in the process. In the automotive industry, robots are used in the production of various parts and components, including engines, transmissions, and body parts. The manufacturing industry uses robots for various other applications such as the production of consumer goods, electronics, and food. The others segment includes applications such as aerospace, defence, and medical. The demand for robots in the additive manufacturing market is increasing as they offer more efficient and cost-effective solutions for various industries

By Region:
North America is anticipated to hold a significant share in the Robotics in Additive Manufacturing market, due to the presence of leading companies and a strong manufacturing sector. Europe is anticipated to be a key contributor to the growth of the market with a focus on advanced technologies and increasing demand for very effective and economical solutions. The Asia-Pacific region is anticipated to show substantial growth in the Robotics in Additive Manufacturing market driven by the increasing demand from the automotive and manufacturing industries. The growing population and economic development in countries such as China, India, and Japan are projected to drive the market in this particular region. The Middle East & Africa region is anticipated to show moderate growth, with a focus on the adoption of innovative technologies and increasing investments in the manufacturing sector. South America is also anticipated to show steady growth with a focus on the development of the manufacturing sector and increasing demand for cost-effective solutions.

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Latest Industry Developments:
• HP Inc. purchased Engineering Technology Services in July 2021 for the company to improve its engineering capabilities & efficiency & at the same time increase its market share in Robotics in the Additive Manufacturing sector.

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This release was published on openPR.