India 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: 77 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
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Market Definition
India Additive Manufacturing (AM) Market was valued at USD 0.25 billion in 2022, and is predicted to reach USD 1.79 billion by 2030, with a CAGR of 28.1% from 2023 to 2030. Additive manufacturing, often known as 3D printing, is a manufacturing technology that involves stacking materials to build items. A computer controls this process, which uses data from CAD software or 3D object scanners to direct the machines in moulding the materials. A design is required to begin the additive manufacturing process, which can be developed using CAD software or by scanning an existing product. The design is then converted by the software into a comprehensive blueprint that instructs the 3D printer. The creation of the thing begins after the blueprint is transmitted. The length of time required to finish the additive manufacturing process varies according on the size of the product. Smaller items are often created more swiftly and efficiently.
Diverse Materials and Robust Service Ecosystem Fueling Additive Manufacturing Growth in India
The availability of a wide range of materials suitable for additive manufacturing has boosted market growth in India. Manufacturers can access a variety of plastics, metals, ceramics, and composites, expanding the applications and possibilities of 3D printing. Additionally, the presence of 3D printing service providers and manufacturing bureaus offers convenient access to additive manufacturing capabilities for businesses. Thus, it is expected to create significant growth of the market.
Thriving Additive Manufacturing Start-up Ecosystem Accelerating Growth in India
India has witnessed the emergence of numerous start-ups specializing in additive manufacturing such as Objectify Technologies, Pandorum Technologies, and others. These start-ups are driving innovation, developing new applications, and providing localized solutions tailored to the Indian market. Their entrepreneurial spirit and technological expertise contribute to the growth of the additive manufacturing market.
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 India 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 India 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.
INDIA 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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