Additive Manufacturing Market - Forecasts from 2025 to 2030

The Additive Manufacturing Market is expected to grow from US$23.803 billion in 2025 to US$56.068 billion in 2030, at a CAGR of 18.69%.

Additive manufacturing (AM), often known as 3D printing, is a revolutionary manufacturing method that enables the manufacturing of lighter, stronger parts and systems. It is yet another technological breakthrough enabled by the shift from analogue to digital operations. Communications, imaging, architecture, and engineering have all undergone digital revolutions in recent decades, and similarly, manufacturing processes can now benefit from AM's digital flexibility and efficiency. As the name implies, additive manufacturing entails adding material to an object to create it.

Although 3D printing and rapid prototyping are sometimes used interchangeably to refer to additive manufacturing, each process is a subset of additive manufacturing. Moreover, while additive manufacturing may appear novel to some, the technology has been around for decades. Additive manufacturing can give a perfect trifecta of better performance, complicated geometry, and easier production in the proper applications, all of which combined are expected to propel the growth of this market significantly.

Additive Manufacturing Market Growth Drivers:

• The growing need for additive manufacturing or 3D printing technology in the automotive, healthcare, and manufacturing industries is expected to drive the additive manufacturing market growth during the forecast period.

The electronics industry, in particular, is expanding at a breakneck pace, which is expected to drive up demand for 3D-printed devices. This rapid expansion of the consumer electronics industry in the Asia Pacific region has increased the demand for additive manufacturing machines to manufacture 3D printed solar cells, electronic circuit boards, conductors, resistors, and dielectric and semiconductor inks, which can be processed to create both active and inert components.

Moreover, in February 2022, the Ministry of Electronics and Information Technology (MeitY) announced the release of a national plan for additive manufacturing to promote collaboration between academic institutions, the government, and related industries to make India a global hub for design, innovation, and implementation of 3D printing.

• Taking advantage of this growing trend, market players worldwide are undertaking strategic actions to increase their foothold in the market further.

In February 2022, Mitsubishi Electric, a well-known Japanese business, released a new version of two models of its AZ600 wire-laser metal 3D printer. The release not only demonstrates huge organizations' greater embrace of 3D printing but also Mitsubishi's dedication to sustainability, as this initiative is part of their attempts to lower CO2 emissions in metal manufacturing. Likewise, the extremely adaptable and versatile additive manufacturing technology is also offering excellent opportunities for multiple start-ups to emerge, expanding the market size. Glowforge, Mighty Buildings, NTopology, Multiple Labs, and Additive Industries are a few such start-ups.

By deploying strategic developments, start-ups are also rapidly expanding their footprint in the market by attracting various investments.

• Growing Consumer Electronics Industry

The rise in the demand for consumer electronics is a significant factor expected to complement the additive manufacturing market growth. In a single step, additive manufacturing develops objects layer by layer. This targeted application of material makes it possible to manufacture products that are both stable and very lightweight, which is increasingly becoming an in-demand feature for devices like wearables. With a growing interest in consumer electronics, including smartphones, smart wearable devices, video game consoles, and mixed reality (MR) devices, the demand for additive manufacturing solutions is also expected to increase during the forecast period. Furthrmore, Photocentric LC Magna printers and post-processing units are part of the photo-centric additive manufacturing solution, which is carried out through manufacturing service provider Merit3D. This allows adaptors to be modelled and created quickly without expensive and time-consuming moulding. The growth in consumer electronics demand in countries like the US and India is expected to propel the additive manufacturing market growth during the forecast period.

Furthermore, increased progress in 3D printing technologies to develop new and improved methods and integrations for the ultra-accurate production of new high-performance electronic devices will also aid in the market development of additive manufacturing in the coming years.

• The growing adoption of Additive manufacturing technology in the healthcare and aerospace sectors is further expected to drive the market in the forecast period.

Additive manufacturing is rapidly penetrating the healthcare sector owing to the cost optimization, enhanced design, and customization flexibility attributes when compared with traditional manufacturing. Through additive manufacturing, brands can now produce organic and complex geometries can now produce effectively and quickly at lower costs. Leveraging this opportunity, many market players in the healthcare industry are actively seeking additive manufacturing technology to offer better products and consolidate their presence in the market. The strategic partnerships between Acrotec-AddUp and Amnovis-BAAT Medical are some of the best examples of this. Similarly, at the same time, also in June 2022, Europe-based Acrotec, a pioneer in medical contract manufacturing, and AddUp, a leading global manufacturing OEM, entered into a partnership to integrate their expertise to offer an enhanced industrial solution for the healthcare sector.

Additive manufacturing has also similarly forayed deep into the aerospace industry and automobile segments. Additive components offer flexibility and freedom to design the products by reducing the weight and optimizing the performance in less production time. Thus, enterprises are actively seeking to develop multiple components using 3D printing technology. For instance, Airbus Defence and Space selected 3D Systems to develop essential components of its future industry satellite, OneSat. At the same time, multiple research groups are also gearing up to develop innovative products deploying 3D printing technology. A research group from ETH Zurich successfully designed and developed a robot for bouncing from asteroid to asteroid in orbit by using 3D printing technology. ETH Zurich's SpaceHopper is a three-legged robot that was created in collaboration with a group from ZHAW. Its limbs are largely 3D printed and constructed of carbon-fibre-reinforced materials, making them extremely strong and light. Although the current version is only a prototype, its designers want to one day send its low-gravity locomotion platform to asteroids, where it will be useful for finding precious materials.

Additive Manufacturing Companies:

• 3D Corporation
• Optomec, Inc.
• Siemens AG
• Renishaw Plc
• General Electric Company
• Wipro Limited
• EOS Gmbh
• Desktop Metal, Inc.
• Materialise NV
• EnvisionTEC

Additive Manufacturing Market Segmentation

By Component

• Hardware
• Software
• Services

By Technology

• Laser Sintering
• Electron Beam Melting (EBM)
• Fused Depositon Modelling (FDM)
• Stereolithography (SLA)
• Others

By Material

• Polymers
• Cermaics
• Metals
• Others

By End-User

• Aerosapce & Defense
• Healthcare
• Automotive
• Construction
• Consumer Electronics
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Thailand
• Others