SmarTech Publishing, an industry analysis firm specializing in additive manufacturing markets, published its year end additive manufacturing market review: 2019 Additive Manufacturing Market Outlook and Summary of Opportunities. This review presents a summary and forecast of the total additive manufacturing industry for 2018 through 2027.
The report includes an encompassing database of key market sizing and forecasting data, tracking the entirety of additive manufacturing value chain and activity from hardware, to materials, to software, to part production services throughout 2018 while providing insight into the future.
The analysis focuses on providing segmented market data and insights for the metals and polymer additive manufacturing segments, while highlighting influential activities across key AM markets including aerospace, healthcare, automotive, service bureaus, and emerging opportunities like consumer goods, energy, and industrial.
A few notes from the report:
• In 2018, the additive manufacturing market appears to have regained an important element in its evolution – balanced growth. All segments appear to now be progressing and growing in similar fashion, with shared goals and solutions that span segments. For example, 3D Systems and Stratasys are seeing more consistently positive growth results in the face of a significantly more complex competitive landscape than prior years, and the hard-won successes of these two companies in 2018 helped contribute to the polymer AM segment growing to an estimated nearly $5.5B
• Market success in 2018 has been predicated on two driving trends. The first is the effect of a rapid strategic importance placed on additive manufacturing by large multinational corporations spanning the global chemical and materials communities to developers of traditional machine tools and industrial lasers. Second is the continued efforts of the industry to focus their strategies on applications, especially ones that provide growth that is largely complimentary – not competitive – with existing manufacturing processes and machine tools
• Top 5 most influential market engagements and moves highlighted in the study which are believed to have profound effects on the industry in 2019 and beyond include HP’s willingness to bet on its own technology for manufacturing large quantities of parts for its own printers using its own 3D printing process, startup Velo3D’s unveiling of its proprietary laser powder bed fusion technology, the release of the Arcam Spectra-H high temperature electron beam melting system, Carbon’s production-friendly material pricing strategy, and more.
SmarTech Publishing
www.smartechpublishing.com
Information on the report is available here.
