Finland Additive Manufacturing Market

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Finland Additive Manufacturing Market by Type (Desktop 3D Printer and Industrial 3D Printer), 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 Other Technology), by Component (Hardware, Software, and Services), by Application (Prototyping, Tooling, and Functional Parts), and by End User (Desktop Additive Manufacturing and Industrial Additive Manufacturing) – Opportunity Analysis and Industry Forecast, 2024–2030

Industry: Construction & Manufacturing | Publish Date: 13-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM657

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Finland Additive Manufacturing Market Overview

Finland Additive Manufacturing Market size was valued at USD 57.3 million in 2023, and is predicted to reach USD 290.2 million by 2030, at a CAGR of 24.4% from 2024 to 2030. In terms of volume, the market size was 3 thousand units in 2023, and is projected to reach 21 thousand units by 2030, with a CAGR of 17.4% from 2024 to 2030.

The additive manufacturing (AM) market, also referred to as additive layer manufacturing (ALM) or three-dimensional (3D) printing, represents a global industry dedicated to developing, manufacturing, and distributing technologies and materials used to fabricate three-dimensional objects layer by layer from digital models.

Serving a wide range of sectors including aerospace, automotive, healthcare, and consumer goods, this market offers advanced solutions for prototyping, production, and customized manufacturing.

AM is highly valued for its capacity to create intricate and personalized components while minimizing material waste, resulting in substantial cost savings and environmental benefits. A distinguishing characteristic of this market is its diverse array of printing technologies such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to meet specific industry requirements and applications. Additionally, AM's capability for rapid prototyping accelerates product development cycles, empowering businesses to innovate and bring products to market more quickly compared to traditional manufacturing methods.

Significant Growth of Aerospace and Defense Sector Drives the Demand for Additive Manufacturing

The expansion of Finland's aerospace and defense sector are driving increased demand for 3D printing technologies. Focused on producing lightweight, high-performance components, AM offers advantages such as enhanced design flexibility, rapid prototyping, and cost-efficiency. The aerospace industry in Finland showed robust growth, achieving a turnover of approximately USD 2.27 billion in 2022.

As Finland's aerospace and defense sectors aim to strengthen capabilities, reduce production times, and enhance global competitiveness, the integration of additive manufacturing becomes crucial, thereby fueling demand for these innovative technologies.

 

Surge in R&D Investment by Government Fuels the Adoption of Additive Manufacturing

Government investment in research and development (R&D) for 3D printing in Finland is accelerating the adoption of these technologies. Increased funding supports initiatives that drive innovation and advancements in AM processes, materials, and applications.

A notable example is the Database for Radically Enhancing Additive Manufacturing and Standardization (DREAMS) project, launched in April 2022 by the Finnish Additive Manufacturing Ecosystem (FAME).

It is led by DIMECC and funded by participating companies and Business Finland, this project aims to establish a comprehensive database of metals used in 3D printing, encompassing around 10,000 metal test rods produced with various 3D printers and methods. These initiatives are boosting the demand for AM across multiple sectors in Finland, reinforcing its role in advancing industrial capabilities and competitiveness.

 

High Upfront Investment Restrains Market Growth

The substantial upfront investment needed for equipment, materials, and training presents a significant obstacle to the Finland additive manufacturing market expansion. This financial commitment poses a notable challenge for businesses, particularly smaller ones, limiting their capacity to enter or expand operations within the market.

Additionally, ongoing expenses related to materials and training further increase the overall financial burden. Consequently, many businesses are hesitant to adopt AM technology due to these initial financial challenges, thereby impeding the growth potential of the additive manufacturing market.

Integration of Artificial Intelligence (AI) in Additive Manufacturing Presents Lucrative Opportunity for Market Expansion

Integrating artificial intelligence (AI) into additive manufacturing (AM) is expected to broaden the 3D printing by improving production processes, advancing product design capabilities, and enabling the creation of intricate and personalized objects.

AI integration allows businesses to analyze vast datasets collected during printing, including material properties, printing parameters, and environmental conditions. This analysis aids in identifying patterns, optimizing settings, and predicting potential defects, ultimately enhancing printing precision and minimizing material waste.

 

Competitive Landscape

The prominent key players operating in Finland additive manufacturing industry include Delva, Hetitec, Versoteq 3D Solutions, Suomen, Vossi, Tinkercad, Taika3D, SelectAM, Prenta Oy, FluidANT, and others.

Finland Additive Manufacturing Market Key Segments

By Type

  • Desktop 3D Printer

  • Industrial 3D Printer

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

  • Other Technology

By Component 

  • Hardware

  • Software

    • Design Software

    • Inspection Software

    • Printer Software

    • Scanning Software

  • Services

By Application 

  • Prototyping

  • Tooling

  • Functional Parts

By End User 

  • Desktop Additive Manufacturing

    • Educational Purpose

    • Fashion & Jewellery

    • Objects

    • Dental

    • Food 

    • Other Desktop Additive Manufacturing

  • Industrial Additive Manufacturing

    • Automotive

    • Aerospace & Defense

    • Healthcare

    • Consumer Electronics

    • Power & Energy

    • Other Industrial Additive Manufacturing

Key Players

  • Delva

  • Hetitec

  • Versoteq 3D Solutions

  • Suomen

  • Vossi

  • Tinkercad

  • Taika3D

  • SelectAM

  • Prenta Oy

  • FluidANT

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size Value in 2023

USD 57.3 million

Revenue Forecast in 2030

USD 290.2 million

Growth Rate

CAGR 24.4% from 2024 to 2030

Market Volume in 2023

3 thousand units

Market Forecast in 2030

21 thousand units

Volume Growth Rate

CAGR of 27.1% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Significant growth of aerospace and defense sector drives the market growth.

  • Surge in R&D investment by government boosts the market growth.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

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Frequently Asked Questions

The key market players operating in Finland additive manufacturing market are include Delva, Hetitec, Versoteq 3D Solutions, Suomen, Vossi, Tinkercad, Taika3D, SelectAM, Prenta Oy, FluidANT, and others.

According to the Next Move Strategy Consulting, the size of Finland additive manufacturing market is estimated to be at USD 290.2 million in 2030.

The integration of artificial intelligence in 3D printing is expected to create opportunities for Finland additive manufacturing market.

High upfront cost acts as restraining factor to the growth of Finland additive manufacturing market.

According to the Next Move Strategy Consulting, the size of Finland additive manufacturing market is estimated at USD 57.3 million in 2023.

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