Report Code: A15729 | Pages: NA | Jul 2023 | 1313 Views | ||
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Pandemic disrupted the entire world and affected many industries.
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Additive Manufacturing, otherwise called 3D printing, is the way of making a three-dimensional object from a computerized 3D or CAD model. As is suggested by the name, additive manufacturing works by adding materials to make an item by building it layer by layer. These materials include metal powders, plastics, or ceramics. Additive manufacturing can augment, and sometimes can replace traditional methods for making objects by machining, cutting, turning, molding, processing, and other "subtractive" fabricating measures. In additive manufacturing, the object is planned using CAD (Computer-Aided Design) programming or by taking a scan of the item that will be printed. The product can make an interpretation of the scan into an exact structure for the 3D printing machine to follow layer by layer.
COVID-19 Impact analysis
Top Impacting Factors
Additive manufacturing has many driving factors in the developing economy. Additive manufacturing helps in making solid, light constructions that would not be possible by using traditional methods and helps in improving the efficiency of existing products by making efficient use of materials. Additive manufacturing can reduce the transportation cost due to the reduced cost of shopping finished goods. Despite having many driving factors, additive manufacturing also has a restrain that it is slow and expensive which can affect its adoption in some sectors.
Additive manufacturing employs computer-aided designs or digital printers that aid in the creation of geometric shapes and objects with utmost precision. Additive manufacturing has several advantages over traditional methods such as lower cost of production, flexibility in design, faster production cycles, supports of new AI-driven design methods, lower prototyping and storage costs. The market for industrial additive manufacturing is projected to propel at a significant rate which is primarily attributed to the fact that the growing usage of additive manufacturing techniques in the automotive and aerospace industry. In addition, additive manufacturing techniques facilitate ease in the manufacturing of complex designs over traditional production methods, thus driving development in the industrial additive manufacturing market. Moreover, increasing government support towards additive manufacturing technology is expected to further lead to the market demand. Besides, additive manufacturing facilitates low production costs for rapid manufacturing processes which are expected to expand business opportunities in the market over the estimated period. Nevertheless, lack of clarity with the quality of materials used and issues with standardization and characterization of the materials used in the additive manufacturing process is expected to hinder the growth in the market.
Market Trends
Key Benefits of the Report
Industrial Additive Manufacturing Market Report Highlights
Aspects | Details |
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By Material |
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By Process Type |
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By End User Industry |
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By Region |
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Key Market Players | Desktop Metal, 3D Systems, MarkForged, Stratasys, Nanoscribe, Carbon, FormLabs, HP, EOS, Ultimaker |
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