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Use of additive manufacturing in the aerospace and defense industries is at a rapid pace, majorly for the production of aircraft engines and related components. On the basis of industry verticals using additive manufacturing, aerospace and defense industries is considered as one of the largest factor responsible for the growth of additive manufacturing. The specific requirement by the industries for lightweight and high strength components along with precise designs makes additive manufacturing a perfect technology to be adopted. The active presence of global players in growing countries of Asia-Pacific region plays an important part in accelerating industrial additive manufacturing plan. Evolution in additive manufacturing technology is occurring at a high rate. Additive manufacturing helps in transforming the entire manufacturing process with minimal costs and improved quality. Now the manufacturers are shifting towards the use of additive manufacturing in a fully embraced environment. Countries of the Asia Pacific such as China, Japan, India, Singapore, Koreas has identified the potential of additive manufacturing and therefore are looking ahead to deploy these technologies in their respective processes for mass production.
The additive manufacturing market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. The Asia Pacific is expected to be the fastest growing region in global additive manufacturing. Whereas, North America and Europe hold the largest market shares in the additive manufacturing market. The demand for additive manufacturing in developing economies is constantly rising as the number of end-user sectors in the Asian countries is rising.
Players present in the additive manufacturing market takes many initiatives in the form of acquisition, strategic partnerships, or any inorganic and organic strategies. For instance, A New York-headquartered LINK3D is a provider of 3D printing workflow software has entered into a partnership with an EOS North America with an aim to boost the additive manufacturing workflow of its client's. In this partnership, LINK3D has combined its Additive Workflow Software and Additive Manufacturing Execution System (AMES) as a solution for EOS which would accelerate the entire 3D printing operations. Another partnership agreement was signed between SLM Solutions North America and The Barnes Group Advisors which aims to educate the potential customers by providing training courses.
Geographically, North America will have the largest share in the additive manufacturing market by 2027, later followed by Europe and Asia Pacific region, owing to rapid technological developments, numerous investments and supportive Government policies in the western part of the world. The major players operating in the market for additive manufacturing include Carbon, Inc. CA, EOS GmbH, Electro Optical Systems, Sciaky Inc., Ricoh, ProtoCAM, 3D Systems, Inc., Envisiontec Gmbh, Stratasys, Inc., GPI Prototype and Manufacturing Services, and 3D Hubs among others.
The report segments the global additive manufacturing market as follows:
Global Additive Manufacturing Market - By Material
Global Additive Manufacturing Market - By Technology
Global Additive Manufacturing Market - By End-User
Global Additive Manufacturing Market - By Geography
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