Aerosol Jet Printer Market - Forecast(2024 - 2030)

Aerosol Jet Printer Market Overview

The Global Aerosol Jet Printer Market size is forecast to reach $270 million by 2027, growing at a CAGR 9.85% from 2022 to 2027. Factors such as huge growth in additive manufacturing solution leveraging 3D Metal Printing and 3D Printed Electronics along with significant investments towards aerosol jet system have been positively impacting the growth of global Aerosol Jet Printer market. Aerosol jet printers assist manufacturers in printing integrated electronics onto plastic, ceramic and metallic structures at finest resolutions. The burgeoning demand for accelerating high volume production of 3D-printed antennas and sensors integrated with smartphones and industrial components is another key factor driving the global Aerosol Jet Printer market. Furthermore, with growing integration of optical waveguides into structural components by using aerosol jet printing and flexographic printing, Aerosol Jet Printing technology has gained a huge traction. Aerosol Jet enables cost effective printing of high resolution electronic circuits and components on 2D and 3D surfaces by utilizing a wide range of materials such as dielectric pastes, conductive nano-particle metal inks, semiconductor and other functional materials. Beneficiary capabilities of aerosol jet printer such as high precision, high speed and flexibility to work with diverse range of materials are analysed to create significant growth opportunities for Aerosol Jet Printer market in the future years.

Report Coverage

The report: “Aerosol Jet Printer Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Aerosol Jet Printer Market.

By Type – Automatic, Semi-automatic

By Axis- Three axis, Five axis, Six Axis

By Connectivity: Wired (USB, Ethernet, others), Wireless (Wi-fi, Bluetooth, SD Card, others)

By Application – Packaging, Printing, Others

By Industry Vertical – Semiconductor, Consumer Electronics, Medical, Pharmaceutical, Aerospace & Defense, FMCG, Automotive, Education & Research, Others

By Geography - North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain and Others), APAC(China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others), and RoW (Middle east and Africa)

Key Takeaways

• Automatic Aerosol Jet Printer sensor is analyzed to witness highest growth in the Aerosol Jet Printer Market during 2022-2027 owing to growing integration of automation with aerosol jet printers.
• North America Aerosol Jet Printer Market held the largest share in 2021, attributing to factors like huge investments in additive manufacturing solutions and high adoption of 3D printing technology and others.
• Increasing adoption of aerosol jet printing technology to improve mass production of consumer electronics along with growing demand for 3D printed electronics for military aerospace applications are analyzed to significantly drive the global Aerosol Jet Printer Market during the forecast period 2022-2027.
  

  Global Aerosol Jet Printer Market Value Share, by Geography, 2021, (%)

  
  

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Aerosol Jet Printer Segment Analysis- By Type

By type, global Aerosol Jet Printer Market has been segmented into automatic and semi-automatic. Automatic aerosol jet printer is analysed to grow with the highest CAGR of 9.96% during the forecast period 2022-2027. Integration of Aerosol Jet Printer with automation in order to optimize next-generation CAD driven, digital manufacturing technique as a part of producing miniaturized electronic circuits and components are one of the prime factors boosting the market growth over time. Automatic Aerosol Jet Printer aids in developing 3D printed electronics components with high speed and high precision without human intervention. In July 2019, Integrated Deposition Solutions (IDS) announced about the release of a high-performance, low-cost Aerosol based desktop 3D printer, integrating its reliable NanoJet technology, which is capable of operating for extended periods without operator intervention. Such factors are further set to propel the market growth of global Aerosol Jet Printer Market in the long run.

Aerosol Jet Printer Segment Analysis- By Industry Vertical

By end users, Aerosol Jet Printer Market has been segmented into Semiconductor, Consumer Electronics, Medical, Pharmaceutical, Aerospace & Defense, FMCG, Automotive, Education & Research, Others. Semiconductor sector is analyzed to grow with the highest CAGR of 10.25% during the forecast period 2022-2027. Rising inclination towards aerosol jet printing technology as a part of fulfilling advanced packaging requirements in semiconductor industry is driving the market forward. Growing advancement towards optimization of ultra-high printing resolution and integrated vision-based alignment as a part of supporting new IC solution for full production applications is contributing towards growth of the market. Increasing demand towards aerosol jet printer supports standardized in-line automation for accelerating direct integration into existing packaging lines, which in turn is resulting in speedy expansion of the aerosol jet printer market. In October 2021, Optomec announced about releasing new high performance semiconductor packaging solution as a part of fulfilling the requirement of rapidly growing mm-wave electronics in the 5G, Autonomous Vehicle, Defense and Medical segments and this development assists in increasing 5G signals up to 100%. Such factors will fuel the growth of Aerosol Jet Printer market in coming years.

Aerosol Jet Printer Segment Analysis- By Geography

By Geography, Aerosol Jet Printer Market has been segmented into North America, Europe, APAC, South America and Others. North America dominated the global Aerosol Jet Printer Market with a share of 46% in 2021, owing to huge investments in additive manufacturing solutions and high adoption of 3D printing technology in this region. Factors such as growing demand for accelerating high volume production of electronics components, well established industrial infrastructure, and high investment towards aerosol on-demand digital printing technology are the key factors fostering Aerosol Jet Printer market in this region. In June 2021, Optomec Inc., a US based additive manufacturing company announced about receiving a set of new patents for its Aerosol Jet 3D printing technology in the production of 3D micro-structures facilitating its usage in printed electronics applications. Such new developments are set to bring significant growth opportunities for the market during 2022-2027.

Aerosol Jet Printer Market Drivers

Increasing penetration of aerosol jet printing technology to improve mass production of consumer electronics is impacting the market growth positively

Increasing penetration of Aerosol Jet 3D printing technology to accelerate the manufacturing of electronics that can later be integrated into parts fabricated via additive manufacturing techniques is impacting the market growth positively. Aerosol jet printers are currently being used to print sensors, antennas, and other functional electronics onto plastic, glass, and ceramic products. Aerosol Jet technology involves the process of electronics customization to print RF interconnects, replace wire bonds in IC packaging, print antennas directly onto electronics enclosures and create multi-layer, miniature circuits, which in turn eliminates the restrictive shapes of PCBs and such advantageous features to miniaturize products while changing the form of the overall electronics package, allowing more organic and ergonomic designs are set to drive the market growth forward. Aerosol Jet printing produces electronic and physical structures enabling finer feature sizes from 10 microns to millimeters leveraging an innovative aerodynamic focusing technology unlike traditional ink-jetting and screen printing processes. These 3D printed structures are increasingly adopted throughout the entire product lifecycle in a wide range of applications including materials discovery, functional prototyping, manufacturing and hybrid manufacturing, surface coatings, rework, repair and so on. For instance, In November 2019, Samsung Electronics announced about choosing Optomec’s Aerosol Jet 5X system in its Printed Electronics Lab as a part of facilitating next-generation electronics production, and such developments are set to fuel the growth of global Aerosol Jet Printer market in the long run.

Growing demand for 3D printed electronics for military aerospace applications drives its market forward

Growing demand for 3D printed electronics for military aerospace applications drives the global aerosol jet printer market forward. Rise in adoption of the Aerosol Jet system to print a conformal sensor, antenna, and power, signal circuitry and others directly onto the wing of a unmanned aerial vehicle model is augmenting the market. The burgeoning demand for novel military electronic devices that pack more functionality into less space is driving the development of 3D printed electronics. Growth in applications ranging from System In Package used in conformal printed sensors, antennas and EMI shielding in aerospace and defense products, enhancing possibilities of Aerosol Jet conformal printing technology, which in turn is resulting in speedy expansion of the global aerosol jet printer market during the forecast period 2022-2027. In September 2020, Optomec has been received a US$1 million contract from The US Air Force to deliver a high volume production machine as a part of accelerating refurbishment of turbine engine components, including titanium parts. This collaboration was done to assist the US Air Force in order to facilitate the development of optimum process parameters for a wide range of target repairs and such factors are analyzed to significantly trigger the growth of the market during the forecast period 2022-2027. 

Aerosol Jet Printer Market Challenges

High cost associated with 3D printing software, design complexity and material hinders its market growth

Aerosol Jet Printer incurs high costs associated with its extensive R&D, 3D printing software, material, model complexity and additional maintenance services owing to its robust infrastructure combined with real-time operating system features. An aerosol Jet Printer costs generally between US$ 250,000- US$ 350,000. Many medical equipment manufacturing, pharmaceutical companies and electronics companies are still reluctant to adopt this technology due to its high financial requirement. Such factors have been creating an adverse impact on its market growth.

Aerosol Jet Printer Market Landscape

Product innovations, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Aerosol Jet Printer market. Aerosol Jet Printer top 10 companies include:

• Optomec Inc.

Recent Developments

• In January 2021, Optomec announced about the launch of its latest electronics 3D printer named as Aerosol Jet HD2. This development was done with an aim to fabricate electronics with a higher level of precision and enhanced high frequency capabilities than previous versions.
  
• In March 2021, Researchers from Texas University announced about developing a new low-cost Aerosol Jet Printing (AJP) system to facilitate the fabrication of hybrid electronic devices. This 3D printer is equipped with a 32-bit microcontroller (MCU) and accelerates the method of fabricating electronics in research, prototyping and educational applications.
  

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