The automated 3D printing market was valued at USD 176.7 Million in 2017 and is expected to reach USD 5,083.8 Million by 2025 growing at a Compound Annual Growth Rate (CAGR) of 52.3% from 2018 to 2025. The global automated 3D printing market is expected to grow at a significant rate during the forecast period owing to the rise in the demand for mass customization and large batch technology which in turn is expected to influence the OEM manufacturers to integrate their systems to automate production lines within 3D printer networks. The increasing trend for adopting automation technologies in manufacturing plants to inspect the manufacturing efficiency with software enabled quality assurance 3D technology is further expected to drive the global automated 3D printing market during the forecast period. Rapid verification coupled with the single step manufacturing solution is estimated to create new necessities and augment the market of growth over the forecast period of 2018-2025.
Hardware segment is estimated to witness significant growth
The global automated 3D printing market has been segmented into product, application, end-user, and region. On the basis of product, the segment has been divided as hardware, software, and services. And application segment has been further sub-segmented as automated production, material handling, multiprocessing, and post-processing. In addition, the end-user segment has further been divided into healthcare and defense & aerospace. Geographic segmentation includes North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America. Hardware segment is expected to grow at the fastest CAGR during the forecast period owing to the adoption of robots with a view to achieving high efficiency, improved product quality, and greater productivity. Automation technology helps accomplish efficient and fast production cycle. Easy programmability coupled with fast production is expected to be the key reason to implement robotics in automated 3D printing market during the forecast period.
North America holds the largest market share by region
The global automated 3D printing market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East, and Africa region. In addition to this, the Asia-Pacific region holds the largest market share. The reason may be attributed to the presence of automated 3D printing equipment manufacturer in the USA. Continuous investment in R&Ds coupled with grants from universities and government is further expected to drive the automated 3D printing market in the North America region. Asia-Pacific and Europe regions are further expected to follow the North America region in terms of growth rate and revenues owing to rapid modernization and industrialization in the developing countries of these regions. Asia-Pacific region is expected to grow at the fastest CAGR owing to massive foreign direct investments to adopt latest technologies coupled with the attempt to solidify the defense line as political unrest is prevailing in several countries that include India, China, North Korea, and few others.
Major Players in Automated 3D printing Market
Some of the key players in the global automated 3D printing market include 3D Systems, 3D printer OS, Abb, Concept Laser (Ge), Formlabs, HP, Nextgenam, Siemens, Stratasys, and Ultimate among few others.
Global Automated 3D printing Market, By Product
Global Automated 3D printing Market, By Application
Global Automated 3D printing Market, By End-User
Global Automated 3D printing Market: By Geography