Singapore Additive Manufacturing Market

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Singapore 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: 16-Nov-2024 | No of Pages: 138 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : CM668

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Singapore Additive Manufacturing Market Overview

Singapore Additive Manufacturing Market size was valued at USD 25.7 million in 2023, and is predicted to reach USD 114.7 million by 2030, at a CAGR of 22.3% from 2024 to 2030. In terms of volume, the market size was 1 thousand units in 2023, and is projected to reach 6 thousand units by 2030, with a CAGR of 25.3% from 2024 to 2030.

The additive manufacturing (AM) market, known as additive layer manufacturing (ALM) or three-dimensional (3D) printing, is a global industry focused on developing, producing, and distributing technologies and materials for constructing three-dimensional objects layer by layer from digital models. Serving diverse 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 capability to produce intricate and customized components while minimizing material waste, leading to significant cost savings and environmental benefits. A notable characteristic of this market is its variety 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 ability for rapid prototyping accelerates product development cycles, empowering businesses to innovate and bring products to market faster than traditional manufacturing methods allow.

Rising Adoption of 3D Printed Component in Aerospace Sector Propels the Market Growth

The rising use of 3D printed components in the aerospace industry in Singapore is accelerating market growth by enabling more efficient and cost-effective manufacturing processes. This technology allows for the creation of complex, lightweight structures that are impractical with traditional manufacturing methods, thereby reducing material waste and production time. In January 2023, Singapore launched its first 3D printed component into space as part of the Zeus-1 satellite used in SpaceX's Falcon 9 rocket.

Led by Qosmosys with contributions from NuSpace and Creatz3D Singapore, the project utilized additive manufacturing for its cost and time efficiency. Such advancements benefit the aerospace industry through enhanced design flexibility, improved performance, and quicker prototyping capabilities provided by 3D printing, fueling demand in the market.

 

Surge in Healthcare Expenditure Drives the Adoption of Additive Manufacturing

The growing healthcare expenditure is accelerating the Singapore additive manufacturing market demand for advanced, customized medical solutions such as 3D printing, aiming to improve patient outcomes and reduce costs. Additive manufacturing (AM), or 3D printing, enables the production of personalized medical devices, implants, and prosthetics tailored to individual patient anatomy, enhancing treatment effectiveness. This technology also facilitates rapid prototyping and the creation of complex structures, including biocompatible implants and tissue scaffolds crucial for medical research and development.

According to the latest report from the International Trade Administration (ITA), Singapore's National Health Expenditure allocated a USD 5.6 billion budget in healthcare, expected to rise to USD 59 billion by 2030. As Singapore's healthcare systems invest more in innovative technologies to meet the rising demand for quality care, the adoption of AM in the medical sector continues to expand, driving market growth.

 

High Upfront Investment Restrains Market Growth

The significant initial investment needed for AM equipment, materials, and training poses a major barrier to Singapore additive manufacturing market trends. This financial commitment presents a significant challenge for businesses, especially smaller ones, restricting their ability to enter or scale operations in the market. Moreover, continuous expenses associated with materials and training add to the overall financial burden. As a result, many businesses are cautious about adopting AM technology due to these initial financial hurdles, thereby limiting prospects of the Singapore additive manufacturing market growth.

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

Incorporating artificial intelligence (AI) into additive manufacturing (AM) is expected to broaden the 3D printing market by improving production processes, advancing product design capabilities, and facilitating the creation of intricate and customized objects. AI integration allows businesses to analyze large datasets collected during printing, including material properties, printing parameters, and environmental conditions. This analysis assists in identifying patterns, optimizing settings, and predicting potential defects, thereby enhancing printing precision and minimizing material waste.

 

Competitive Landscape

The prominent key players operating in Singapore additive manufacturing industry include Hamilton Labs, PrintmyCAD, Namic, Zelta 3d, 3D Metal Forge, Desktop Metal Inc., Structo, Phasio, Supercraft3d, LionsForge, and others.

Singapore 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

  • Hamilton Labs

  • PrintmyCAD

  • Namic

  • Zelta 3d

  • 3D Metal Forge

  • Desktop Metal Inc.

  • Structo

  • Phasio

  • Supercraft3d

  • LionsForge

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size Value in 2023

USD 25.7 million

Revenue Forecast in 2030

USD 114.7 million

Growth Rate

CAGR 22.3% from 2024 to 2030

Market Volume in 2023

1 thousand units

Market Forecast in 2030

6 thousand units

Volume Growth Rate

CAGR of 25.3% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Rising adoption of 3D printed component in aerospace sector drives the market growth.

  • Surge in healthcare expenditure boost 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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

The key market players operating in Singapore additive manufacturing market are Hamilton Labs, PrintmyCAD, Namic, Zelta 3d, 3D Metal Forge, Desktop Metal Inc., Structo, Phasio, Supercraft3d, LionsForge, and others.

According to the Next Move Strategy Consulting, the size of Singapore additive manufacturing market is estimated to be at USD 114.7 million in 2030.

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

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

According to the Next Move Strategy Consulting, the size of the market is estimated at USD 25.7 million in 2023.

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