About Laser Additive Manufacturing
The Laser Additive Manufacturing is a process in which a laser beam is used to fuse or melt successive layer of wire or powder material together to create a 3D object. The material used can vary, from high strength metal alloys to thermoplastics and resins, and the process can be used to create complex shapes with high precision. The technique has several advantage over conventional manufacturing methods. One major benefit is its ability to create complex structures with optimised geometrics that would be difficult or even impossible to produce using conventional techniques. The high precision and accuracy of the process helps reduce the need for post processing, all while minimising material waste and energy consumption compared to traditional manufacturing method.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 18.1% |
Laser Additive Manufacturing is highly competitive, with several key players dominating the industry. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Laser Additive Manufacturing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3D Systems (United States), ADDiTEC (United States), Stratasys Ltd. (United States), ExOne (United States), Arcam AB (Sweden), Envision TEC (Germany), EOS (Germany), Materalise NV (Belgium), Mcor Technologies (Ireland), GE Additive (United States), Autodesk (United States), SLM Solutions (Germany) and SKF (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are General Electric (United States), Formlabs Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Laser Additive Manufacturing market by Type (Power Bed Fusion, Directed Energy Deposition, Material Jetting, Sheet Lamination and Stereolithography) and Region.
On the basis of geography, the market of Laser Additive Manufacturing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Aerospace Industry will boost the Laser Additive Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Laser Type, the sub-segment i.e. Fibre Lasers will boost the Laser Additive Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology to appear in a more affordable, compact and use to sterolithography, Automation and streamlined workflows and Improving economics for manufacturing
Market Growth Drivers:
The increasing demand for lightweight structures in aerospace and Minimally invasive surgery in dental implants
Challenges:
High cost of equipment and machinery.
Restraints:
Lack of technical knowledge persons.
Opportunities:
Advancement in healthcare sectors.
Market Leaders and their expansionary development strategies
In January 2022, SKF acquired Laser Cladding Venture, an additive manufacturing company based in Belgium. LCV is a niche engineering start-up specialized in various additive manufacturing technologies and processes, which can be applied to support SKF’s service and remanufacturing offering
In November 2023, ADDiTEC launched two new additive manufacturing platforms. The AMDroid laser wire DED deployable robotic system and Hybrid3 multi technology platform. AMDroid and Hybrid3, which are anticipated to redefine standards of precision, efficiency and versatility in the sector
Key Target Audience
Manufacturer, Provider, Potential Investors, Regulatory Bodies, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.