Industry: Semiconductor & Electronics | Publish Date: 26-Jul-2023 | No of Pages: 75 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
UK Additive Manufacturing (AM) Market was valued at USD 0.69 billion in 2022, and is predicted to reach USD 2.56 billion by 2030, with a CAGR of 18.0% from 2023 to 2030. Additive manufacturing, also known as 3D printing, refers to a process of creating three-dimensional objects by adding material layer by layer, as opposed to traditional subtractive manufacturing methods that involve cutting, drilling, or carving material from a solid block. It is called additive manufacturing because the object is built by sequentially adding thin layers of material on top of each other until the final shape is achieved.
The process typically starts with a digital design file that is sliced into multiple cross-sectional layers. These layers are then successively printed or deposited using various techniques, such as extrusion, powder bed fusion, vat photopolymerization, or binder jetting. The material used in additive manufacturing can vary widely, including plastics, metals, ceramics, and even biological materials.
The adoption of additive manufacturing technology in the defense industry has witnessed significant growth due to the increasing focus and support from governments worldwide. Governments around the world have recognized the potential of 3D printing applications for military purposes and have initiated various initiatives to promote its development and implementation within the defense sector. For instance, in October 2022, the UK’s Ministry of Defence (MOD) announced the launch of project TAMPA, a seven-year-long program to increase the amount of 3D printed parts purchased by the UK military.
The growing business expansion in the region by various additive manufacturers can be attributed to the large-scale use of 3D printing across various industries, which in turn boosts the growth of the additive manufacturing market. For instance, in April 2020, Prima Additive, the specialized section of the International Prima Industries Group, introduced a new line of machinery solutions for additive manufacturing through Prima Power UK. The solutions allow the production of complex components, utilizing metallic powders fused via the thermal energy delivered from a laser, that boost production in any industry.
The massive initial expenditure necessary to build the infrastructure, which includes 3D printers, materials, and software, is a significant cost hurdle. With limited financial resources, small and medium-sized firms (SMEs) have hurdles in fully integrating additive manufacturing technology. As a result, it is predicted to slow the growth of the additive manufacturing industry. Thus, it is expected to restrain the growth of the additive manufacturing market.
The ongoing technological advancements have fueled substantial growth in the additive manufacturing industry. These advancements encompass various areas, including enhanced printing capabilities, advancements in materials, and more efficient post-processing techniques. Consequently, the market has witnessed improved output quality, shorter manufacturing cycles, and expanded opportunities for application in diverse sectors. The continuous progress in additive manufacturing technology has created numerous avenues for market development, leading to increased acceptance and utilization of the technology.
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. These market players are adopting various strategies such as new launches to maintain their dominance in the market of UK.
For instance, in July 2021, AME Group launched a new 3D printing service bureau, that will focus on providing 3D printing manufacturing and prototyping services to the UK businesses, and will also expand into low-volume production and direct manufacturing with dropshipping services.
The UK 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 UK 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.
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
Desktop 3D Printer
Industrial 3D Printer
Polymer
Metal
Ceramic
Prototyping
Tooling
Functional Parts
Hardware
Software
Design Software
Inspection Software
Printer Software
Scanning Software
Services
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
Stratasys
Markforged Holding Corporation
Desktop Metal Inc.
Velo3d, Inc.
Formlabs Inc.
Protolabs.
Xometry Inc.
Shapeway Holdings Inc.
D Systems
General Electric