The Asia-Pacific Additive Manufacturing Report provides useful data on the major players in the market, such as their product offerings, revenues, segmentation and business synopsis. The report offers useful insights to help launch a product. This global market report provides a complete overview of the industry, including product definitions, segmentation by various parameters and vendor landscape. The report also includes the major product categories. The report analyses emerging trends, as well as major drivers, challenges and opportunity in the Asia-Pacific Additive Manufacturing markets.
Asia-Pacific Additive Manufacturing study includes an attractiveness analysis of the market, in which all segments are benchmarked on their market size and growth rate. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the market has also been included. By obtaining a detailed market analysis, businesses can make informed decisions about their product, customers, key players, sales, marketing, and promotion. The Asia-Pacific Additive Manufacturing report provides a snapshot of how the market is doing now and where it is expected to be in future years.
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The textile industry, which is part of the additive manufacturing market, deals with the design, manufacture and distribution yarn, fabric, clothing, and garments. Raw materials can be metals, ceramics, alloys, plastics or plastics. Additive manufacturing industries are important contributors to the economies of many countries. Asia-Pacific’s additive manufacturing market has been boosted by the increasing demand for lightweight parts from automotive and aerospace sectors and advances in 3D printing technologies.
Data Bridge Market Research estimates that the Asia-Pacific market for additive manufacturing will grow significantly between 2023 and 2030. Data Bridge Market Research estimates that the market will grow at a significant rate between 2023 and 2030. The forecast period is 2023- 2030. It is expected that the market will grow at a CAGR 21.6% and reach USD 21,738.04 millions by 2030. The growing demand for lightweight components in the automotive and aerospace industry is driving the growth of additive manufacturing.
Market Definition
Additive Manufacturing (AM) differs from subtractive manufacturing, which involves grinding away unnecessary material from a material block. In industrial applications, additive manufacturing is usually referred to as 3D printing. Additive manufacturing is the addition of layers of material in order to form an item using a 3-D file and 3D printing software. Depending on the application, a suitable additive manufacturing technique is chosen from the set of available technologies.
Asia-Pacific Additive Manufacturing Market Share Analysis
Details of the Asia-Pacific competitive landscape for additive manufacturing are provided by competitors. Included are details such as company overviews, financials, revenues generated, research and development investments, new market initiatives and production sites, weaknesses and strengths of the company, product launches, product trial pipelines and approvals, patents and product approvals. The above data points provided are only related to the companies’ focus related to the Asia-Pacific additive manufacturing market.
Some of the The Asia-Pacific market for additive manufacturing is dominated by a number of prominent players are SLM Solutions, Proto Labs, Stratasys, Renishaw plc., Materialise, Titomic Limited., Höganäs AB, YAMAZAKI MAZAK CORPORATION, Markforged, Ultimaker BV, Optomec, Inc., ExOne. American Additive Manufacturing LLC, ARBURG GmbH + Co KG, ENVISIONTEC US LLC, EOS, 3D Systems, Inc., and others.
Asia-Pacific Additive Manufacturing Market Dynamics
Drivers
- Demand for lightweight components in the aerospace and automotive industries
The automotive and aeronautics sector has many interrelated technical and economical objectives, including functional performance and lead time reduction. Other goals include lightweight, cost-management, and delivery of safety components. In order to meet demand, and compensate for fuel consumption and cost-management to improve the technical performance. Allowable to make lighter structures which directly related with enhancing economic performance and technical performance. The additive manufacturing technology, unlike traditional manufacturing methods, uses layer-by-layer production based on materials such as plastic polymer and wire.
- The advantages of additive manufacturing for various end-user industries
The aerospace industry has used additive manufacturing for its performance. By using less material and the layering of materials, it is able to reduce waste and weight, both of which are important factors in the manufacture of aerospace parts.
The use of additive manufacturing is a great benefit for patients, doctors and research institutions in the rapidly evolving medical industry. The use of functional prototypes created by additive manufacturing has allowed for a flexible design for various lifesaving instruments needed for surgical and research purposes, dental tools, pre-surgery CT scan models, custom saw and drilling guides, enclosures and specialized instrumentation.
- Additive manufacturing allows for easy customization and mass production
Additive manufacturing customization, unlike traditional manufacturing, doesn’t add additional cost for customization and doesn’t require any certain mold or tools for the design it just needs a prototype 3D design and can be created by the customer itself because of the easy customization and fast production there is high demand, and we can mass produce any unique design without hampering the cost and time when making use of the 3D printers. Not only does it provide mass customized production, but it also gives the consumer a unique buyer and consumer experience where it gives them the feeling of belongingness and consumer satisfaction compared to the counterpart who doesn’t provide personalized design. The consumer can also choose the design they want. NIKE, a manufacturer of shoes, offers its shoes with a 3-D design on its website. Customers can easily add the colour they want to their shoes. This will help the competition on the market, as it lets manufacturers know their customers.
- Advancement in 3D Metal Printing Technology and Rise of Industrialization
The rise of industrialization has led to a large demand for 3D-printed metal products, especially in industries like aerospace and automotive. The demand for 3D metal printing products in various industries, such as aerospace, automotive, health care, and others, is increasing. In order to meet the increasing demand, additive manufacturing technology has been developed and is more convenient.
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Asia-Pacific Additive Manufacturing Market Overview
The Asia-Pacific market for additive manufacturing is classified based on the material type. The technology and the application. The growth of these segments can help you identify the key market applications and analyze major market segments.
Material Type
According to the material type, Asia-Pacific’s additive manufacturing market can be divided into four segments: Metals, Plastics, Alloys and Ceramics.
Technology
- Stereolithography (SLA).
- Fused disposition modeling (FDM).
- Laser sintering (LS)
- Binder Jetting Printing
- Polyjet printing
- Electron Beam melting (EBM)
- Laminated Object Manufacturing (LOM)
- Other
According to technology, the Asia-Pacific market for additive manufacturing is divided into eight segments: Stereolithography (SLA), Fused Disposition Modelling Laser Sintering Polyjet Printing Binder Jetting Printing Binder Jetting Printing Electron Beam Melting Electron Beam Melting Other
Useful Information
- Vehicles
- Healthcare
- Aerospace
- Consumer Goods
- Industrial
- Defence
- Architecture
- Other
According to application, the Asia-Pacific Additive Manufacturing market can be divided into eight categories: automotive, healthcare and aerospace, consumer goods, industry, defence, architectural, and others.
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There are many opportunities for key players.
- The healthcare sector is advancing.
Additive manufacturing is a great tool for medical applications that are personalized and customized. Medical model saw guides and personalized implants are the most commonly used medical applications. Additive manufacturing products, such as splints and orthodontic appliances, are used in the dental field. Additive manufacturing products can also be used to create artificial organs and tissues, which are used in research institutes or between doctors and patients for consultations. With the development of digitalizing medical imaging, digitalization allows for the reconstruction of 3D models from patients’ anatomy. The typical workflow of the personalized medical device starts with imaging or capturing the patient’s geometry of the anatomy using computed 3D scanning methods. Such data can be utilized to print 3D models of a patient’s anatomy or can be used to create personalized devices or implants.
- Increase government funding for additive manufacturing
Digital processes, communication, and imaging have the potential to revolutionize manufacturing and industrial production through additive manufacturing. Additive manufacturing has a high demand in various industries, such as the aerospace, automotive, electronic, medical, and fashion sectors. seeing the potential possibility of this sector’s contribution to the nation economy, the government of different countries is coming up with a different strategy to support and promote this industry.
Asia-Pacific Additive Manufacturing Market: Regional Analysis and Insights
The Asia-Pacific Additive Manufacturing market is segmented based on material type, application and technology.
The countries in the Asia-Pacific additive manufacturing market are Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the Rest of Asia-Pacific.
China is the leader in Asia-Pacific for additive manufacturing due to its advanced technology.
In the country section, the report provides information on the individual factors that influence the market and the changes in the regulations of the market. This will help you to understand the trends and current state of the market. Data point downstream and upstream value chain analysis, technical trends, porter’s five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. While forecasting country data, APAC brands are also considered, as are their availability, challenges they face due to competition from domestic and local brands, domestic tariffs impact, and trade routes.
The major TOCs of the Asia-Pacific Additive Manufacturing Market Report
• INTRODUCTION
• MARKET SEGMENTATION
• MARKET OVERVIEW
• EXECUTIVE SUMMARY
• PREMIUM INSIGHTS
• Integrated Passive Device Market
• COMPANY PROFILE
• COMPONENT MANUFACTURER
• CONCLUSION
• QUESTIONNAIRE
• RELATED REPORTS
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