Additive Manufacturing Market Will Attempt to Create New Growth Opportunities Based on the Forecast for 2024-2031 | 3D Systems, 3DCeram, Autodesk, Canon
Additive Manufacturing Market size was valued at USD 24.38 billion in 2023 and is projected to grow from USD 27.60 billion in 2024 to USD 74.21 billion by 2031, exhibiting a CAGR of 15.17% during the forecast period. The market is expanding rapidly as industries actively explore new possibilities for enhancing production efficiency and design innovation.
Key Industry Development
March 2023 (Partnership): Merz Dental, a leader in digital dentistry, partnered with Nexa 3D, a pioneer in polymer 3D printing. This collaboration aims to support Nexa 3D’s customers across Germany. Renowned for its speed and precision, Nexa 3D’s printing platform enhances a range of professional and dental desktop 3D printing applications, including orthodontic models, splints, and surgical guides.
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List of Key Companies in Additive Manufacturing Market:
3D Systems
3DCeram
Autodesk
Canon
Dassault Systemes
ENVISIONTEC US LLC
ExOne
General Electric Company
HP Development Company
Materialise NV
Asia-Pacific is anticipated to witness substantial growth at a robust CAGR of 16.19% over the forecast period. This rapid growth is largely attributable to advancements in 3D printing technologies and increasing industrial adoption. China's aviation sector is leveraging cutting-edge 3D printing to build next-generation warplanes, showcasing the technology’s potential in high-precision applications.
In South Korea, Pohang University of Science and Technology (POSTECH) is at the forefront of advancing 3D bio-printing technologies for creating realistic organ substitutes, with future integration of AI and robotics expected to enhance these capabilities.
Future Prospects:
The future of the additive manufacturing market looks promising, with several key developments expected to shape its trajectory:
Integration with Industry 4.0:Additive manufacturing is set to play a crucial role in the ongoing Industry 4.0 revolution, which focuses on the digitalization and automation of manufacturing processes. By integrating AM with other technologies such as the Internet of Things (IoT), artificial intelligence (AI), and robotics, manufacturers can create more efficient, flexible, and responsive production systems.
