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2020-03-11
780
Global
3D printing robotics is a niche technology that is now proving itself as an evolutionary innovation for a traditional manufacturing process, thus many companies are now adopting 3D printing programs. Companies such as Lockheed Martin (LMT), Airbus (EADSY), Ford, and Rolls Royce are among the early adopters of 3D printing technology. Leading vendors are investing in R&D to improve the flexibility and speed of 3D printing robots. These investment programs are likely to save labor, transportation and manufacturing costs and are expected to gain huge interest over traditional manufacturing processes. Adoption of 3D printing robots in the aerospace and defense industry is expected to save over USD 3 billion annually in maintenance, repair and operations. 3D printing robots with 3D printing technologies and solutions are now helping in the production of lighter and complex components. 3D printing robots are eliminating the traditional prototype spare parts cost by providing customized products. With the growing demand for 3D printing technology, several countries are filing for patents in the field of 3D printing robotics and nanotechnology. As per the World Intellectual Property Organization (WIPO), over 75% of patents were filled by countries such as the United States, Germany, the UK, Japan, France and South Korea.
End-user industries are getting disrupted with the implementation of 3D printing robotics and nanotechnology. Dubai, one of the fastest-growing destinations for the construction industry, has already announced that 25% of buildings in Dubai will be 3D-printed by the end of 2030. Governments are also taking initiatives to boost the growth of 3D printing robotics technology. For instance, in 2017, South Korea has announced to invest USD 37 million to proliferate the expansion of 3D printing technology across the country. The United States government also funded USD 8 million to the University of Dayton Research Institute (UDRI) for the manufacturing of more efficient 3D printing robots to support air force services.
Global 3D Printing Robots Market is segmented on the following basis:
Based on End-User
In 2017, North America is the dominating region for global 3D printing robots followed by Europe. The presence of a large number of companies adopting 3D printing robots and growing adoption of the 3D printing robots in the aerospace & defense and healthcare sectors are driving the growth of the 3D printing robots market in the region. Stratasys, a US-based company sold over 15,000 units of 3D printers in 2017.
Growing adoption of 3D printing robots for industrial purpose in countries such as Germany, The UK and France are likely to propel the 3D printing robots market in Europe. Europe 3D printing robots market valued USD 0.63 billion in 2016 and is estimated to occupy over 32% share of global 3D printing robots market by the end of 2024. Asia-Pacific 3D printing robots market valued USD 0.32 billion in 2016 and is expected to register healthy growth during the forecast period, owing to the huge presence of 3D printing robots in countries such as Japan, China and South Korea.
3D printing is majorly used for customization such as printing dental implants, prosthetics and hearing aids. With the collaboration of 3D scanning and printing, implants can easily be customized for specific anatomic conditions. With the help of 3D printing robots, unlimited complex geometric shapes can be achieved easily. However, nearly 99% of all parts are already manufactured with standardization and do not require customization. 3D printing robots struggle with achieving fine detailing in small intricate parts. Moreover, mass production is a major concern for 3D printing robots. One robot can only perform one task at a time and for mass production number of robots needs to be increased which does not provide a cost-effective solution to buyers.
Market Synopsis
Market Segmentation
The Global 3D Printing Robots Market is segmented as follows:
By Region
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry-level players to ascertain their business in a dynamic ecosystem
Expert Analysis
Concluding Remarks
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