Denmark 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: 26-Jul-2023 | No of Pages: 75 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
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Market Definition
Denmark Additive Manufacturing (AM) Market was valued at USD 114.08 million in 2022, and is predicted to reach USD 592.53 million by 2030, with a CAGR of 22.8% from 2023 to 2030. Additive manufacturing, also referred to as additive layer manufacturing (ALM) or 3D printing, is a computer-controlled method that builds 3D objects by depositing materials in successive layers. It relies on data, computer-aided design (CAD) software, or 3D object scanners to guide the hardware in precisely shaping the materials. To initiate the additive manufacturing process, a design must be created beforehand. This is typically accomplished using CAD software or by scanning an existing object that needs to be printed. The software then translates the design into a step-by-step blueprint that the additive manufacturing machine follows. Once the blueprint is transferred to the 3D printer, the fabrication of the object commences immediately. The actual additive manufacturing process can vary in duration, ranging from several hours to several days, depending on the size of the object being produced.
Robust Manufacturing Industry is Driving Growth of Additive Manufacturing in Denmark
Denmark has a robust manufacturing industry, with a focus on precision engineering and high-quality production. The adoption of additive manufacturing technologies allows Danish manufacturers to enhance their production processes, reduce costs, and improve product customization. The manufacturing industry's willingness to embrace additive manufacturing has played a significant role in driving the market's growth.
Collaborative Environment and Research: Accelerating Growth of Additive Manufacturing in Denmark
Denmark has a strong culture of collaboration between academia, research institutions, and industries. Collaborative efforts and research projects focused on additive manufacturing have facilitated knowledge exchange, innovation, and the development of new applications. This collaborative environment has accelerated the growth of the additive manufacturing market in Denmark.
High-Cost Restraining Additive Manufacturing in Denmark
The integration of additive manufacturing technology faces challenges due to the substantial upfront investment required to establish the necessary infrastructure, which includes 3D printers, materials, and software. This cost barrier becomes particularly intimidating for small and medium-sized enterprises (SMEs) with limited financial resources, impeding their ability to fully embrace additive manufacturing. Consequently, this is anticipated to impede the growth of the additive manufacturing industry and restrain the expansion of the market.
Technological Advancements in Additive Manufacturing Market in Denmark
Continuous technological advancements have been a driving force behind the remarkable growth observed in the additive manufacturing industry. These advancements span multiple areas, such as improved printing capabilities, advancements in materials, and more efficient post-processing techniques. As a result, the market has experienced notable enhancements in output quality, reduced manufacturing cycles, and expanded opportunities for application across various sectors. The ongoing progress in additive manufacturing technology has opened up numerous pathways for market development, leading to greater acceptance and utilization of this innovative technology.
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. These market players are adopting various strategies such as partnerships to maintain their dominance in the market of Denmark.
For instance, in April 2023, Danish Technological Institute acquired SLM Solution to co-develop new metal AM process parameters called SLM 280 2.0. The purpose of this acquisition is to collaboratively develop and refine a new set of metal AM process parameters known as SLM 280 2.0. Initially, DTI will focus on the development of process parameters for stainless steel 316L and copper alloy CuCr1Zr. However, the partnership has the potential to expand its scope to include machines like the NXG XII 600.
KEY BENEFITS
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The Denmark additive 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 Denmark 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.
DENMARK 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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