The traditional supply chain and manufacturing pathways is likely to be altered by the incessant rise in the research and development activities across the globe. This is also expected to open myriad of opportunities for the purpose of product innovation.

Albany, NY -- (SBWire) -- 04/11/2017 --With availability of raw materials and adoption of the technology by several end-use industries, additive manufacturing is likely to gain momentum in the next couple of years, says TMR research in a research report. The report titled, "Additive Manufacturing Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025" delves deep into the market opportunities, growth prospects, and data on the several other facets that is expected to impact the market growth.

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The traditional supply chain and manufacturing pathways is likely to be altered by the incessant rise in the research and development activities across the globe. This is also expected to open myriad of opportunities for the purpose of product innovation. A few years ago, this technology had limited scope. For instance, it was only employed for the manufacturing of models or prototypes in the medical field. With the advancements in the technology used, it has also been in use for making surgical equipment, organs, scaffolds, implants, and prosthetics. In several other end-use industries such as electronics and automotive, these innovations have further paved way for lighter, safer, and cleaner products with low costs and comparatively short lead times.

The concept of making 3D objects which can be of any shape and size and in a solid in order to meet the needs of the engineered products. Additive manufacturing is made by putting multiple layers of a particular material which as a famous method that includes processes such as milling and cutting. As this type of process is done with the aid of machine connected with a computer that has the blueprint of the required object, the chances of any mistakes are reduced to negligible, thus escalating the demand for additive manufacturing in the market.

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Additive manufacturing is used in a broad range of industries such as automotive, consumer goods, medical and dental, aerospace, education, construction and engineering, jewelry, industrial design, footwear, and architecture. This type of manufacturing has many advantages such as mass customization, mass production, prototype making ease, and rapid manufacturing. Over the last couple of years, the use of additive manufacturing has gained momentum owing to the rising use of nickel superalloy for making the parts of jet engine, mending steels and components which are heat treated, and direct laser sintering of titanium for making aerospace components. Additive manufacturing also helps in decreasing the weight of the component by improving the geometric shapes and optimizing the design structure by using advanced functionalities.

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In terms of region, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Some of the key players in the market are Morris Tech. Inc., Slm Solutions GmbH, Limacorporate S.P.A., 3D Systems Corporation, Biomedical Modeling Inc., and Fcubic AB.

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