Rest of 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: 28-Jul-2023 | No of Pages: 77 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
Market Definition
Rest of Asia Pacific Additive Manufacturing (AM) Market was valued at USD 0.44 billion in 2022, and is predicted to reach USD 3.11 billion by 2030, with a CAGR of 27.5% from 2023 to 2030. Additive manufacturing, commonly known as 3D printing, is a manufacturing technique that involves the incremental construction of objects by layering different materials. The process is guided by a computer, which utilizes data from CAD software or 3D object scanners to direct the machines in shaping 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 design is then transformed into a detailed blueprint by the software, providing precise instructions to the 3D printer. Once the blueprint is transmitted, the actual production of the object begins. The time required to complete the additive manufacturing process varies depending on the size of the object, with smaller items typically being manufactured more efficiently and within a shorter timeframe.
Rapid Industrialization Driving Adoption of Additive Manufacturing in Rest of Asia Pacific Region
Many countries in the Asia Pacific region, such as China, Japan, South Korea, and India, are experiencing rapid industrialization. Additive manufacturing offers opportunities to enhance manufacturing capabilities, improve production efficiency, and accelerate innovation. As a result, these countries are adopting additive manufacturing technologies to stay competitive and meet the demands of their growing industries.
Increasing Demand for Customization Propelling Additive Manufacturing Adoption in Rest of Asia Pacific Region
The Asia Pacific region has a diverse consumer market with increasing demand for customized and personalized products. Additive manufacturing enables the production of highly customized and unique items with shorter lead times, providing businesses with the ability to cater to individual customer preferences. The growing demand for customization is a significant driver for the adoption of additive manufacturing technologies.
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
-
The Rest of Asia Pacific 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.
-
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.
-
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
-
The competitive analysis of the market players along with their market share in the Rest of Asia Pacific additive manufacturing market.
-
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
-
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
REST OF ASIA PACIFIC ADDITIVE MANUFACTURING MARKET KEY SEGMENTS
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
-
Others
By Printing Type
-
Desktop 3D Printer
-
Industrial 3D Printer
By Material
-
Polymer
-
Metal
-
Ceramic
By Application
-
Prototyping
-
Tooling
-
Functional Parts
By Component
-
Hardware
-
Software
-
Design Software
-
Inspection Software
-
Printer Software
-
Scanning Software
-
-
Services
By End-User
-
Industrial Additive Manufacturing
-
Automotive
-
Aerospace and Defense
-
Healthcare
-
Consumer Electronics
-
Power and Energy
-
Others
-
-
Desktop Additive Manufacturing
-
Educational Purpose
-
Fashion and Jewelry
-
Objects
-
Dental
-
Food
-
Others
-
KEY PLAYERS
-
Stratasys
-
Markforged Holding Corporation
-
Desktop Metal Inc.
-
Velo3d, Inc.
-
Formlabs Inc.
-
Protolabs.
-
Xometry Inc.
-
Shapeway Holdings Inc.
-
D Systems
-
General Electric
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Speak to Our Analyst
