Automated 3D Printing Market, by Component (Hardware, Software, Services), by Process (Material Handling, Automated Production, Part Handling, Post-Processing, Multiprocessing), by Vertical (Automotive, Industrial Manufacturing, Aerospace and Defense, Healthcare, Consumer Products, Energy, Others) — Global Forecast till 2027
Market Overview
The inexpensive manufacture of customized designs is estimated to lift the automated 3D printing market 2020. The sensor and control industry reports are produced by Market Research Future, which highlights market options for expansion. A CAGR of 51.66% is estimated to guide the global market in the forecast period.
The demand for automated 3D printing is estimated to grow due to the low cost of production and accuracy in the impending period. In the upcoming period, the reduction in labor costs involved is estimated to transform the automated 3D printing market share. The speedy adoption of robotics is projected to create several lucrative opportunities for automated 3D printing market companies in the upcoming period.
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Segmental Analysis
The segmental evaluation of the automated 3D printing market is conducted on the basis of component, process, vertical, and region. Based on the components, the automated 3D printing market is segmented into software, services, and hardware. The hardware segment is additionally bifurcated into robots, 3D printers, and others. The services segment is additionally segmented into deployment & integration, and support & maintenance. On the basis of the processes, the automated 3D printing market is segmented into automated production, material handling, post-processing, part handling, and multiprocessing. Based on the vertical, the automated 3D printing market is segmented into industrial manufacturing, automotive, healthcare, consumer products, aerospace & defense, energy, and others. Based on the regions, the automated 3D printing market is segmented into North America, the Middle East, Africa, Europe, the Asia Pacific and Latin America.
Detailed Regional Analysis
The regional assessment of the automated 3D printing market includes regions such as North America, the Middle East, Africa, Europe, the Asia Pacific and Latin America. Among the regions studied, the North American region controlled the automated 3D printing market in the year 2017. The region is the top adopter of automated 3D printing technology owing to the incidence of reliable 3D printing system vendors. Additionally, a number of collaborations are taking place in the region to supply to the high demand. The Asia-Pacific region is alikely to develop at the chief CAGR through the forecast period. The rapidly increasing manufacturing industry in the Asia Pacific region is anticipated to be the key driver for the implementation of automated 3D printing market solutions in this region.
Competitive Analysis
The financial backing provided by the administrations and trade bodies is anticipated to reclaim the situation in the approaching years. The declining effects evident in the market globally are anticipated to stay for the foreseeable future to the scale of impact on the worldwide market. The restitution and operations on a daily basis are anticipated to take some time, which will show the way to concentrated development of the backlogs created in delivery. The necessity for tactful analysis of the market cues and demand projections is anticipated to lead to a robust expansion in the market. The conundrum present in the global market relating to the fundamental assets of the corporations is being optimized to fair the existing pandemic more successfully. The growth restraints of the market are anticipated to be momentous and will need to be neutralized to unlock favorable development in the market. The unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period.
The strategic players in the automated 3D printing market are NVBOTS (US), Materialise (Belgium), Universal Robots (Denmark), PostProcess Technologies (US), Formlabs (US), Concept Laser (Germany), Coobx (Liechtenstein), Stratasys (Israel), ExOne(US), EOS GmbH (Germany), SLM Solutions (Germany), 3D Systems (US), Authentise (US), Renishaw (UK), and DWS System (Italy) to name a few.
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As compared to the conventional printing technology, 3D printing is stable, durable, flexible and eliminates wastage of raw materials.
According to IMARC Group’s 3D printing market analysis, the market reached a value of US$ 9.2 Billion in 2018.Request for a free sample copy of this report: https://www.imarcgroup.com/3d-printing-market/requestsample The 3D printing technology is utilized in the automotive sector for manufacturing prototypes as well as different functional parts since it aids users in creating digital models.
The technology is also employed in the production of customized braces, tooth implants and hearing aid shells.
Furthermore, manufacturers are investing in research and development (R) activities to build prosthetic parts using biological materials such as skin, bone and cartilage, which is anticipated to strengthen the market growth in upcoming years.
Owing to this, the 3D printing market size is expected to reach a value of US$ 24.8 Billion by 2024, exhibiting a CAGR of 18% during the forecast period (2019-2024).View Report TOC, Figures and Tables: https://www.imarcgroup.com/3d-printing-marketMarket Segmentation: Based on the Technology, Process, Material, Offering, Application and End UserOn the basis of the technology, the market has been segmented into stereolithography, fused deposition modeling, selective laser sintering, electron beam melting, digital light processing and others.
At present, stereolithography is utilized around the world as it is one of the oldest conventional printing technologies.Based on the process, the market has been segregated into binder jetting, directed energy deposition, material extrusion, material jetting, powder bed fusion (PBF), sheet lamination and vat photopolymerization.
