The overall automated 3D printing market is projected to reach USD 1,793 million by 2023 from USD 196 million by 2018, at a CAGR of 55.65%. Major drivers for market growth are the increased focus on efficiency and cost of production, growth in adoption of robotics for industrial automation, and growing need to automate post-processing.
Market for industrial manufacturing, high-tech equipment, and engineering is expected to grow at highest CAGR during forecast period
Additive manufacturing proves to be a new tool-less and cost-effective production method for the end users in the industrial manufacturing, high-tech equipment, and engineering segment that provides new solutions for the low-volume production of different parts. The group of equipment used in these applications is highly efficient in terms of time and cost. Hence, the automation of 3D printing in this end-user segment is more than that in other segments.
Among hardware types, market for robots is expected to register highest CAGR during 2018–2023
In automated 3D printing, the robots are used to automate the 3D printing processes, and their adoption is increasing as they are easily programmable and can perform the tasks at an accelerated pace. The major companies are investing heavily in robots; they have started utilizing robots in 3D printing. For instance, Voodoo Manufacturing (US) has deployed a low-cost UR10 robotic arm, offered by Universal Robots (Denmark), to remove prints along with the print bed from 3D printers.
North America is expected to account for largest market size during forecast period
North America is expected to hold the largest share of the automated 3D printing market during the forecast period. North America notably registers the high adoption of automated 3D printing. The region has been receptive to the 3D printing procedures since its early days. The presence of the well-established 3D printing solution providers in this region boosts the adoption of automation technologies in the 3D printing systems to increase the efficiency and speed. The university grants provided by the federal government to develop 3D printing labs and technologies also drive the growth of the North American market.
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Key players in the automated 3D printing market include Stratasys (Israel), ExOne(US), 3D Systems (US), Materialise (Belgium), Universal Robot (Denmark), Formlabs (US), EOS GmbH (Germany), SLM Solutions (Germany), Concept Laser (Germany), Coobx (Liechtenstein), Authentise (US), Renishaw (UK), NVBOTS (US), PostProcess Technologies (US), and DWS System (Italy).
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