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The design, manufacture, and distribution of yarn, cloth, clothes, and garments are all aspects of the additive manufacturing market. Metal, polymers, alloys, and ceramics are all possible raw materials. The national economies of numerous nations benefit greatly from the additive manufacturing industry. Global demand for additive manufacturing has significantly expanded as a result of rising demand for lightweight components from the automotive and aerospace industries and improvements in 3D metal printing technology.
The report on the global additive manufacturing market gives information about market share, recent developments, and the effects of domestic and localised market players. It also analyses opportunities in terms of new revenue streams, regulatory changes, product approvals, tactical choices, product launches, geographic expansions, and technological advancements in the market. Contact us for an Analyst Brief in order to comprehend the study and the market environment. To accomplish your intended goal, our team will assist you in developing a solution with a revenue-impact.
Definition
The subtractive technique of manufacture, which entails removing unneeded material from a block of material, is different from additive manufacturing (AM). In industrial settings, the term “additive manufacturing” typically refers to 3D printing. Using a 3D printer and 3D printer software, additive manufacturing entails adding material layer by layer to create an item while referring to a three-dimensional file. Depending on the application, a suitable technique for additive manufacturing is chosen from the pool of options.
Growth rate in additive manufacturing market
- The global additive manufacturing market is on the cusp of remarkable growth, poised to witness substantial expansion in the forecast period spanning from 2023 to 2030. Data Bridge Market Research’s analysis reveals a compelling growth trajectory, with a projected Compound Annual Growth Rate (CAGR) of 20.9% during this period, ultimately culminating in a market valuation of USD 91,853.88 million by 2030. At the heart of this remarkable growth story is the surging demand for lightweight components, particularly from the automotive and aerospace industries, which serves as a major catalyst for market expansion.
- One of the primary driving forces behind this exceptional growth is the escalating demand for lightweight components. In the fiercely competitive automotive and aerospace sectors, weight reduction has emerged as a critical factor for enhancing performance, fuel efficiency, and overall sustainability. Additive manufacturing, also known as 3D printing, has emerged as a game-changing technology capable of producing intricate and lightweight parts with exceptional strength-to-weight ratios. This shift towards lightweighting, driven by stringent emission regulations and the pursuit of energy efficiency, has positioned additive manufacturing as an indispensable solution.
- The automotive industry, in particular, is harnessing additive manufacturing to fabricate complex components, from engine parts to interior elements, with reduced weight and improved performance. In the aerospace sector, 3D printing is revolutionizing aircraft design and manufacturing by producing lightweight and structurally optimized components, leading to fuel savings and enhanced aircraft performance.
Types of Additive Manufacturing Technologies
Additive manufacturing, also known as 3D printing, encompasses a variety of technologies and processes that build objects layer by layer from digital design files. Each type of additive manufacturing technology has its unique characteristics and applications. Here are some common types of additive manufacturing technologies:
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Fused Deposition Modeling (FDM):
How it works: FDM printers use a heated nozzle to extrude thermoplastic filaments layer by layer. The material is deposited in a precise pattern to create the object.
Applications: FDM is widely used for rapid prototyping, custom part manufacturing, and in educational settings. It is suitable for producing low-cost, functional parts.
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Stereolithography (SLA):
How it works: SLA printers use a liquid photopolymer resin cured by ultraviolet (UV) light. A laser or UV projector selectively solidifies the resin layer by layer.
Applications: SLA is known for its high-resolution prints and is commonly used in industries like jewelry, dentistry, and aerospace for creating intricate and detailed parts.
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Selective Laser Sintering (SLS):
How it works: SLS machines use a high-powered laser to selectively sinter powdered materials, typically plastic or metal, layer by layer.
Applications: SLS is used for producing functional prototypes and end-use parts in industries like automotive, aerospace, and healthcare. It offers a wide range of material options.
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Binder Jetting:
How it works: Binder jetting systems use a powder bed of material and an inkjet printhead to selectively apply a binding agent, fusing the powder layer by layer.
Applications: Binder jetting is employed in the production of metal parts, sand molds for casting, and even ceramics. It is known for its speed and scalability.
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Material Extrusion (Material Jetting):
How it works: Material extrusion involves jetting a liquid material onto a build platform where it solidifies or is cured, layer by layer.
Applications: Material jetting is used for producing high-resolution, multi-material parts. It is common in industries requiring precise, detailed models and prototypes.
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Direct Metal Laser Sintering (DMLS):
How it works: DMLS employs a high-powered laser to selectively melt and fuse metal powder particles layer by layer.
Applications: DMLS is used in aerospace, healthcare (e.g., medical implants), and automotive industries for producing high-strength metal parts with complex geometries.
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Electron Beam Melting (EBM):
How it works: EBM is similar to DMLS but uses an electron beam instead of a laser to melt metal powder, layer by layer.
Applications: EBM is often used for producing aerospace components, particularly in the production of complex, lightweight, and high-strength metal parts.
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