is referred to as the technology that builds up 3D objects which are manufactured by addition of multiple minuscule layers of materials that are combined to create the product. These materials include plastic, metal, concrete and others. This process involves the use of computer and Computer Aided Design. Additive manufacturing aids in reducing manufacturing time, energy and cost when used efficiently. The primary applications of additive manufacturing include modeling, fit and function prototyping and direct part production. Technologies used in additive manufacturing include 3D Printing, Rapid Prototyping, Direct Digital Manufacturing (DDM), layered manufacturing and additive fabrication.
Technological advancements, developments in application areas, rapid product developments at low cost and increased financial support from governments across the world are the major factors that drive
the global additive manufacturing market.
A large number of technological innovations in the additive manufacturing processes have been witnessed with the advent of new and improved technologies which has resulted into the cost effective product developments. This has propelled the growth of additive manufacturing market globally because of its worldwide adoption by the manufacturers.
The global additive manufacturing market is classified on the basis of applications as follows:
- Medical Devices
The global additive manufacturing market is further bifurcated on the basis of technology into:
- 3D Printing
- Laser Sintering
- Fused Deposition Modeling
- Electron Beam Melting
- Tissue Engineering
On the basis of material type, the global additive manufacturing market is segmented as follows:
Lastly, the global additive manufacturing market is bifurcated by regions into Asia Pacific (APAC), North America, Europe and Rest of the World (RoW). Europe is expected to be the most dominant segment in the global additive manufacturing market over the forecast period, followed by North America. However, rapid adoption of novel technologies in the healthcare and medical fields is gaining momentum across emerging nations owing to growing awareness and educational efforts of industry players. Thus, regions such as Asia Pacific (APAC) and Rest of the World (RoW) are expected to be major markets for the global additive manufacturing industry during the forecast period.
Some of the key players operating in the global additive manufacturing market include:
- Arcam AB (Sweden)
- Stratasys Inc. (U.S.)
- Greatbatch Inc. (U.S.)
- Biomedical Modeling Inc. (U.S.)
- EOS GmbH Electro Optical Systems (Germany) among others.