Press release
Additive Manufacturing Market From $20.20 billion in 2023 to $91.59 Billion by 2031
Global Additive Manufacturing Market [https://www.skyquestt.com/report/additive-manufacturing-market] size was valued at around USD 16.72 billion in 2022 and is expected to rise from USD 20.20 billion in 2023 to reach a value of USD 91.59 Billion by 2031, at a CAGR of 20.8 % over the forecast period (2024-2031).
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The additive manufacturing industry is shifting from prototyping to production programs. As 3D printing technology improves and becomes more efficient with time, manufacturers use it to produce parts and end-use as opposed to just prototypes. This drives the increase of the additive manufacturing marketplace in an extensive range of industries.
Business Verticals Improved Competitive Landscape in Additive Manufacturing Market
The additive manufacturing market is characterized by a mix of established players, innovative startups and technology leaders, each vying to advance 3D printing capabilities. Leading companies such as Stratasys, 3D Systems, GE Additive, HP, EOS dominate this segment with a wide range of categories ranging from product software to high-performance printers.
Competition in this market is largely based on technology sharing, innovation and acceptance in various industries. For example, companies involved in metal additive manufacturing, such as GE Additive and Desktop Metal, now stand out in their work in the high strength, lightweight aerospace and automotive industries segments focusing on accessible and usable solutions for healthcare and consumers.
Competitive Landscape an Overview of the Additive Manufacturing Market
GE Additive and Aerospace Manufacturing: GE Additive has made great strides in aerospace using metal 3D printing to produce high-performance, lightweight components. Its partnership with Boeing to manufacture aircraft parts exemplifies the demand for 3D-printed parts in a sector that prioritizes strength and weight reduction.
Strategic Cooperation and Partnership
In April 2024, Materialize, a global leader in 3D printing software applications, partnered with UK-based industrial technology company Renishaw. This partnership aims to increase efficiency and productivity for manufacturers using Renishaw's additive manufacturing (AM) systems. As a result, users of Renishaw's RenAM 500 series metal AM systems will have access to Materialise's advanced manufacturing processor software, specially optimized for these systems.
In March 2024, 3DEO, a U.S. leader in design, engineering, and metal additives (AM), announced the acquisition of IHI AEROSPACE Co., Ltd., a Japanese aerospace engineering company.
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This report covers following segments:
A. Printer Type
* 3D Printer
* 3D Bio Printer
B. Products
* Surgical Equipment (Surgical Guides {Dental guides, Cranio-Maxillofacial (CMF) guides, Orthopedic guides}
* Surgical Instruments {Retractors, Scalpels, Surgical fasteners}
* Prosthetics & Implants {Standard implants [Standard orthopedic implants, Standard dental implants, Standard cranio-maxillofacial implants]
* Custom implants [Custom orthopedic implants, Custom dental implants, Custom cranio-maxillofacial implants], Tissue Engineering [Porous scaffolds- Bone & cartilage scaffolds, Ligament & tendon scaffolds]}
C. Technology
* Electron Beam Melting (EBM)
* Laser Beam Melting (Direct Metal Laser Sintering (DMLS)
* Selective Laser Melting (SLM)
* Selective Laser Sintering (SLS)
* Laser Cusing)
* Photopolymerization (Digital Light Processing (DLP)
* Stereolithography (SLA)
* Two-photon Polymerization (2PP)
* Droplet Deposition (DD) Or Extrusion-based Technologies (Low-temperature Deposition Manufacturing (LDM)
* Multiphase Jet Solidification (MJS)
* Fused Deposition Modeling (FDM)
* Three-Dimensional Printing (3DP) Or Adhesion Bonding)
C. Industry Type
* Motor Vehicles
* Consumer Products
* Business Machines
* Medical Industry
* Academics
* Aerospace
* Government/Military
* Others (Architecture, Paleontology & Forensic Pathology)
D. Material
* Homogeneous Materials (Polymers, Metals, Ceramics, Natural Materials)
* Heterogeneous Materials (Polymeric Matrix, Metallic Matrix, Multiple Materials)
This report covers following key players:
* Stratasys Ltd. (USA)
* 3D Systems Corporation (USA)
* EOS GmbH (Germany)
* Materialize NV (Belgium)
* General Electric Company (GE Additive) (USA)
* SLM Solutions Group AG (Germany)
* EnvisionTEC GmbH (Germany)
* HP Inc. (USA)
* Voxeljet AG (Germany)
* Renishaw plc (UK)
* Optomec Inc. (USA)
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/additive-manufacturing-market
Racing Toward Mass Production 3D Printing Beyond Prototyping
As additive manufacturing develops, companies are focusing on making 3D printing viable for large-scale production. Technologies such as HP's Multi Jet Fusion and Desktop Metal's Binder Jetting highlight the industry's fast, cost-effective transformation. Versatility is important, and companies are constantly investing in R&D to develop new products that are eco-friendly, recyclable, and high-energy with industry standards meet. These developments are expanding the applications of 3D printing in areas such as healthcare, aerospace and automotive. Collaboration between technology stakeholders and end-user companies is essential to improve the adoption of 3D printing. Partnerships such as GE Additive with Boeing and Desktop Metal with Ford demonstrate the value of collaborative technologies tailored to specific industry needs. In summary, the additive manufacturing market is transforming from prototype manufacturing equipment to critical manufacturing technologies, driven by improvements in materials, speed and scalability.
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Artificial Intelligence Market [https://www.skyquestt.com/report/artificial-intelligence-market]
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=additive-manufacturing-market-from-2020-billion-in-2023-to-9159-billion-by-2031]
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Country: United States
Website: https://www.skyquestt.com/report/additive-manufacturing-market
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