Automated 3D Printing Market – Industry Analysis Austin Seibert Authentic Jersey , Market Size, Share, Trends, Application Analysis, Growth and Forecast 2018 – 2023 by stevestark002 · May 30, 2019
The automated 3D printing market is projected to reach USD 1,793 million by 2023 from USD 196 million by 2018 Sheldrick Redwine Authentic Jersey , 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 Sione Takitaki Authentic Jersey , 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 Greedy Williams Authentic Jersey , 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 David Njoku Authentic Jersey , 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 Myles Garrett Authentic Jersey , 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鈥擭orth America Nick Chubb Authentic Jersey , 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 Denzel Ward Authentic Jersey , speed up production, reduce the cost of operation, and increase product revenue.
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