Pune, India -- (SBWire) -- 05/23/2018 --Additive manufacturing is the official industry standard term (ASTM F2792) for all applications of the technology. It is defined as the process of joining materials to make objects from 3D model data, usually layer upon layer, as opposed to subtractive manufacturing methodologies. Synonyms are additive fabrication, additive processes, additive techniques, additive layer manufacturing, layer manufacturing, and freeform fabrication.
The Global Additive Manufacturing Market accounted to USD 3,065.0 million in 2016 growing at a CAGR of 13.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Additive Manufacturing Market Technology (Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, Sheet Lamination), Materials (Homogeneous Materials, Heterogeneous Materials), Products (Surgical Equipment, Prosthetics & Implants, Tissue Engineering), End-Users (Automotive Manufacturing, Consumer Products, Government/Military, Architecture, Healthcare, Academic Institutions, Dental, Others), Geography- Industry Trends and Forecast to 2024
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Additive manufacturing is also called as 3D (three dimensional) printing, and it is utilized for the creation of 3D objects. The 3-D object is created using computer, to create the object, additive processes are used. The 3D objects can be modified as per the industry requirement. The numerous industries which include 3-D object are healthcare, automotive, education, government, research, defense, aerospace, consumer products and industrial.
Top Competitors:
- 3D Systems, Inc.,
- 3T RPD Ltd.,
- Arcam AB,
- Biomedical Modeling Inc.,
- ENVISIONTEC, INC.,
- fcubic ab,
- EOS Systems,
- Integer Holdings Corporation,
- GPI Prototype & Manufacturing Services,
- Surgival,
- SLM Solutions,
- Xilloc Medical,
- Dentsply Sirona,
- Renishaw plc,
- Stratasys Ltd., and Morris Technology,
- Materialise,
- Lima Corporate
- among others.
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Major Market Drivers:
- New & upgraded technologies
- Fast product development at a low cost
- Regulatory Hurdles in Many Countries
- Rising of Global Additives Manufacturing Market
- Developing research & development
Competitive Analysis:
The global additive manufacturing market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of additive manufacturing market for global, Europe, North America, Asia Pacific and South America.
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Additive Manufacturing Market Analysis by Technology (Powder Bed Fusion) Materials (Homogeneous Materials) Products (Surgical Equipment), End-Users and Forecast 2024