PUBLISHER: The Business Research Company | PRODUCT CODE: 1619425
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619425
Artificial intelligence (AI) in 3D printing involves incorporating AI technologies to improve different aspects of the 3D printing process, such as design, optimization, quality control, and automation. By leveraging AI, 3D printing can achieve greater efficiency, precision, and innovation, making it more effective and accessible across various industries.
The key elements of AI in 3D printing include hardware, software, and services. Hardware encompasses the physical equipment used in 3D printing that incorporates AI to enhance its functionality and efficiency. This includes technologies such as computer vision, machine learning, context-aware computing, and natural language processing. These technologies are applied in various areas such as efficiency improvement, planning and execution, defect detection, predictive maintenance, and real-time monitoring. They serve a range of end-users, including those in healthcare, automotive, consumer electronics, and other sectors.
The artificial intelligence (AI) in 3D printing market research report is one of a series of new reports from The Business Research Company that provides artificial intelligence (AI) in 3D printing market statistics, including artificial intelligence (AI) in 3D printing industry global market size, regional shares, competitors with an artificial intelligence (AI) in 3D printing market share, detailed artificial intelligence (AI) in 3D printing market segments, market trends, and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) in 3D printing industry. This artificial intelligence (AI) in 3D printing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The artificial intelligence (AI) in 3D printing market size has grown exponentially in recent years. It will grow from $1.70 billion in 2023 to $2.36 billion in 2024 at a compound annual growth rate (CAGR) of 39.3%. The growth during the historic period can be attributed to several factors such as enhanced efficiency and lower production costs, rising demand for customized products, increasing needs in healthcare, the push for optimized 3D printing, and greater automation.
The artificial intelligence (AI) in 3D printing market size is expected to see exponential growth in the next few years. It will grow to $9.00 billion in 2028 at a compound annual growth rate (CAGR) of 39.7%. The anticipated growth during the forecast period can be linked to several factors such as rising investments from major tech companies, increased demand for hardware, a surge in digitization, expansion in the aerospace and defense sector, and greater use of artificial intelligence (AI) for defect detection. Key trends expected in the forecast period include the integration of advanced technologies such as context-aware computing, computer vision, and machine learning, the adoption of natural language processing, the introduction of new technologies such as digital light processing and automated sheet lamination, data-driven precise manufacturing, and the incorporation of robotics into systems.
The increasing demand from the automotive industry is anticipated to drive the growth of artificial intelligence (AI) in the 3D printing market. The automotive sector encompasses the design, development, manufacturing, marketing, and sale of motor vehicles. The rising adoption of 3D printing in this industry is due to its improved design capabilities, greater precision and accuracy, and manufacturing flexibility. AI in 3D printing offers significant benefits to the automotive industry, including enhanced design and prototyping, improved efficiency and quality, customization options, and accelerated innovation. For example, a report by the European Automobile Manufacturers' Association (ACEA) in May 2023 noted that approximately 85.4 million motor vehicles were produced globally in 2022, marking a 5.7% increase from 2021. This growing demand from the automotive sector is a key driver for the AI in 3D printing market.
Key players in the AI in 3D printing market are focusing on developing innovative solutions, such as AI-powered 3D printing software, to improve design accuracy, optimize printing processes, reduce material waste, and speed up production timelines. This software uses AI to enhance various stages of the 3D printing process, including design, optimization, real-time monitoring, and quality control. For instance, in November 2023, 1000 Kelvin GmBH, a US-based AI solutions company, launched AMAIZE, an AI-powered 3D printing software. This software allows users to upload their print files to the AMAIZE cloud, where it analyzes the parts and automatically corrects thermo-mechanical issues by optimizing scan strategies and process parameters. This feature eliminates the need for expensive finite element simulations and reduces the number of physical iterations, saving materials and energy while cutting costs. The company's goal is to make 3D printing as accessible and efficient as traditional manufacturing processes, promoting sustainability by reducing waste and enhancing production efficiency.
In September 2024, Nano Dimension Ltd., a U.S.-based provider of intelligent machines for the production of Additively Manufactured Electronics, acquired Markforged Holding Corporation for $115 million. This acquisition allows Nano Dimension to broaden its additive manufacturing portfolio by incorporating Markforged's fused filament fabrication (FFF) technology into its existing solutions, thereby enhancing its advanced materials and production capabilities for various industrial applications. Markforged Holding Corporation, also based in the U.S., specializes in 3D printing systems and services that utilize Artificial Intelligence (AI) to improve the efficiency and quality of its 3D printing processes.
Major companies operating in the artificial intelligence (AI) in 3D printing market are General Electric Company, The Hewlett-Packard Company, Autodesk Inc., Stratasys Ltd., 3D Systems Inc., Xometry Inc., Formlabs Inc., Materialise N.V., Desktop Metal Inc. , Redwire Corporation, Carbon Inc., Ultimaker, Markforged Holding Corporation (MKFG), B9Creations LLC, Sculpteo Inc., Inkbit LLC, PrintSyst.ai, Artificial Intelligence Global Company (AIGCom), Hyperganic Group GmbH, AI Build Ltd., 3DHeals LLC
North America was the largest region in the artificial intelligence (AI) in 3D printing market in 2023. The regions covered in the artificial intelligence (AI) in 3D printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the artificial intelligence (AI) in 3D printing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The artificial intelligence (AI) in 3D printing market consists of revenues earned by entities by providing services such as material range expansion, 3D printing process optimization, 3D printing workflow automation, quality control and generative design. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI) in 3D printing market also includes sales of prototyping tools, smart manufacturing aids, personalized consumer goods, and on-demand manufacturing products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Artificial Intelligence (AI) In 3D Printing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on artificial intelligence (AI) in 3D printing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for artificial intelligence (AI) in 3D printing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence (AI) in 3D printing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.