The
automated
3D printing market is projected to
reach USD 1,793 million by 2023 from USD 196 million by 2018, at a CAGR of
55.65%. Increased focus on efficiency and cost of production, growth in
adoption of robotics for industrial automation, and growing need to automate
post-processing are the major drivers for the market growth. Further, the
increasing implementation of 3D printing for mass production and elevating
demand for low-cost collaborative robots are the underlying opportunities in
the automated 3D printing market. Major restraint for the market growth is the
high cost of installation of automation equipment. Moreover, the
interoperability between hardware, software, and data interfaces poses a major
challenge to the market players.
Rapid
technological changes, emerging 3D printing applications, and adoption of
robots in various industries are the key trends in the global business sector.
However, most of the businesses are currently focusing on cost-cutting while
improving productivity and quality to tackle some unforeseen economic
fluctuations and crises in the coming future. The requirements in terms of
productivity and quality can be met by implementing a new generation of
industrial robots that can be easily integrated and are safe, adaptive,
trainable, flexible, deployable, affordable, and extensible.
The
automated 3D printing market has been segmented on the basis of offering into
hardware, software, and services. Based on process, the market has been
segmented into material handling, automated production, part handling,
post-processing, and multiprocessing. Among these processes, the market for
multiprocessing is expected to grow at the highest CAGR during the forecast
period. The multiprocessing 3D printing leads to an increase in component
functionality. It is an additive manufacturing process enhanced with the
complementary processes, such as machining, cutting, dispensing, and robotic
placement. This increases the adoption of automation technologies in the 3D
printing for multiprocessing.
Additionally,
the automated 3D printing market has been segmented, on the basis of various
end users into aerospace & defense; healthcare; industrial manufacturing,
high-tech equipment, and engineering; automotive, consumer products; energy;
and others. Further, on the basis of geography, the market has been segmented
into 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the
World (RoW). North America is expected to hold the largest share of the market
throughout the forecast period.
North
America has been receptive to the 3D printing procedures since its early days.
The presence of the well-established 3D printing solutions providers boosts the
adoption of automation solutions in the 3D printing systems to increase
efficiency and speed. The university grants provided by the federal government
to develop 3D printing labs and technologies also drive the growth of the
automated 3D printing market in this region. 3D printing companies such as 3D
Systems, GE Additive subsidiary Concept Laser, Stratasys, and Voodoo
Manufacturing are automating their 3D printing offerings. These companies have
introduced robotic arms into their systems, which assist in the printing
process. Automation helps increase throughput, speed up production, reduce the
cost of operation, and increase product revenue.
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