Middle East 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: 28-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
Middle East Additive Manufacturing (AM) Market was valued at USD 0.20 billion in 2022, and is predicted to reach USD 1.06 billion by 2030, with a CAGR of 22.9% from 2023 to 2030. Additive manufacturing, commonly referred to as 3D printing, is a manufacturing technique that involves layering different materials to gradually construct objects. The process is directed by a computer, which utilizes data from CAD software or 3D object scanners to precisely shape the materials. To initiate the additive manufacturing process, a design is necessary, which can be created using CAD software or by scanning an existing object. The software then transforms the design into a detailed blueprint that provides specific instructions to the 3D printer. Once the blueprint is transferred, the actual production of the object commences. The duration required to complete the additive manufacturing process varies depending on the size of the object, with smaller items generally being manufactured more efficiently and within a shorter timeframe.
Rise of 3D Printing Manufacturing Units and Start-ups Driving Growth in the Middle East's Industrial Manufacturing Sector
The setting up of various 3D printing manufacturing units, along with the emergence of 3D printing technology-based start-ups in the region is expected to bolster the growth of the industrial manufacturing sector in the Middle East region. For instance, in August 2021, Pantheon Development, a Dubai-based real estate developer announced that it is planning to weigh up an entire eleven-storey building with 3D printing. The company further plans to drive Dubai’s wider goal of 3D printing 25% of its buildings by 2030, and also initiate the construction of the first skyscraper of its kind in the world.
Growing Adoption of 3D Printing Technology in Healthcare Applications Driven by Demand for Cost-Effective Replacement Organs
The increasing demand for cost-effective replacement organs in the healthcare sector has led to high adoption of 3D printing technology in healthcare applications, which is expected to boost the growth of the additive manufacturing market in Middle East. For instance, in February 2020, Dubai Health Authority unveiled a 3D Printing Lab in its Innovation Centre that provides medical professionals at DHA with patient-specific anatomical models, allowing them to conduct detailed pre-operative analysis and to improve patient communication at DHA’s hospitals including Rashid, Latifa, Dubai, and Hatta Hospital.
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 Middle East 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 Middle East 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.
MIDDLE EAST 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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