Asia Pacific Additive Manufacturing (AM) Market by Technology (Stereolithography, Fused Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, and Others) by Printer Type (Desktop 3D Printer and Industrial 3D Printer) by Material (Polymer, Metal, and Ceramic) by Application (Prototyping, Tooling, and Functional Parts) by Component (Hardware, Software, and Services) and by End-User (Industrial Additive Manufacturing and Desktop Additive Manufacturing) – Opportunity Analysis and Industry Forecast 2023–2030
Industry: Semiconductor & Electronics | Publish Date: 27-Jul-2023 | No of Pages: 174 | No. of Tables: 142 | No. of Figures: 109 | Format: PDF | Report Code : N/A
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Market Definition
Asia Pacific Additive Manufacturing (AM) Market was valued at USD 3.80 billion in 2022, and is predicted to reach USD 22.40 billion by 2030, with a CAGR of 24.8% from 2023 to 2030. Additive manufacturing, also known as 3D printing, is a manufacturing process that involves creating objects by adding materials layer by layer. It is a computer-controlled technique where data from CAD software or 3D object scanners is used to guide the hardware in shaping the materials. To initiate the additive manufacturing process, a design is necessary. This design can be created using CAD software or by scanning an existing object. The software then converts the design into a step-by-step blueprint that guides the additive manufacturing machine. Once the blueprint is transferred to the 3D printer, the fabrication of the object begins. The duration of the additive manufacturing process can vary depending on the size of the object being produced. For smaller objects, the process can be completed within a few hours. However, for larger objects, it may take several days to complete the fabrication process.
Advancements in Healthcare Sector: Embracing 3D Printing for Enhanced Solutions
The rising advancements in the healthcare sector within the Asia Pacific region, aimed at addressing physical disabilities and promoting well-being, are creating a favorable environment for growth and the adoption of innovative approaches like 3D printing. As a result, the market for 3D printing in healthcare is anticipated to experience significant expansion, driven by the increasing demand for personalized solutions and improved patient outcomes. Thus, it is expected to boost the growth of the market. For instance, in February 2022, 3D Systems, Inc. partnered with Saremco Dental AG to enhance its digital dentistry material portfolio. The company will combine its NextDent 5100 3D printer with Saremco's CROWNTEC material to open up a new range of applications. The partnership has helped the company to expand its business.
Cost Restraints in Additive Manufacturing
The cost of additive manufacturing technologies, including printers, materials, and post-processing equipment is relatively high compared to traditional manufacturing methods. This cost factor may limit the accessibility and adoption of additive manufacturing, particularly for small and medium-sized businesses, which is expected to restrain the growth of the market.
Technological Advancements in Additive Manufacturing Market
Continuous advances in additive manufacturing technology, such as greater printer capabilities, improved materials, and more efficient post-processing procedures, have supported industry expansion. These developments allow for improved quality, faster production, and more application options, driving more sectors to adopt additive manufacturing. As a result, it is expected to create ample opportunities for the future.
Competitive Landscape
The additive manufacturing industry includes several market players such as Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric.
KEY BENEFITS
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The Asia Pacific dditive manufacturing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
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The competitive analysis of the market players along with their market share in the Asia Pacific additive manufacturing market.
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The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
ASIA PACIFIC ADDITIVE MANUFACTURING MARKET KEY SEGMENTS
By Technology
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Stereolithography
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Fused Deposition Modeling
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Selective Laser Sintering
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Direct Metal Laser Sintering
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Polyjet Printing
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Inkjet Printing
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Electron Beam Melting
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Laser Metal Deposition
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Digital Light Processing
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Laminated Object Manufacturing
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Others
By Printing Type
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Desktop 3D Printer
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Industrial 3D Printer
By Material
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Polymer
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Metal
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Ceramic
By Application
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Prototyping
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Tooling
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Functional Parts
By Component
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Hardware
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Software
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Design Software
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Inspection Software
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Printer Software
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Scanning Software
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Services
By End-User
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Industrial Additive Manufacturing
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Automotive
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Aerospace and Defense
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Healthcare
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Consumer Electronics
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Power and Energy
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Others
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Desktop Additive Manufacturing
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Educational Purpose
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Fashion and Jewelry
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Objects
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Dental
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Food
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Others
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KEY PLAYERS
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Stratasys
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Markforged Holding Corporation
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Desktop Metal Inc.
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Velo3d, Inc.
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Formlabs Inc.
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Protolabs.
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Xometry Inc.
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Shapeway Holdings Inc.
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D Systems
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General Electric
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