Artificial Intelligence (AI) in 3D Printing – Global Market Report 2024 – Market Size, Trends and Global Forecast 2024-2033
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Has the artificial intelligence (AI) market in 3D printing experienced growth in recent years?
In fact, the size of the artificial intelligence (AI) market in 3D printing 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 of 39.3%. The growth in the historical period can be attributed to higher efficiency and lower production costs, increasing demand for more customized products, increasing demand in healthcare, growing need for optimized 3D printing and increasing automation.
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What is the projected growth of the artificial intelligence (AI) in 3D printing market in the future?
The artificial intelligence (AI) market in 3D printing is expected to witness exponential growth in the next few years. In 2028, it will grow to $9.00 billion at a compound annual growth rate of 39.7%. The growth during the forecast period is attributed to increasing investments by technology giants, increasing demand for hardware, a digitalization push, growth in the aerospace and defense sector, and increased use of artificial intelligence (AI) for fault detection applications.
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What are some of the key trends and growth drivers in the artificial intelligence (AI) in 3D printing market?
Integration of advanced technologies such as context-aware computing, computer vision and machine learning, adoption of natural language processing, new technologies such as digital light processing and automated sheet lamination, and data-driven precision manufacturing are some of the key trends in the forecast period. On the other hand, growing demand from the automotive industry is expected to drive market growth. The automotive industry refers to the design, development, manufacturing, marketing and sales of motor vehicles. The increasing adoption of 3D printing in the automotive industry is due to improved design capabilities, greater precision and accuracy, and flexibility in manufacturing. AI in 3D printing significantly benefits the automotive industry by improving design and prototyping, improving efficiency and quality, and enabling customization. For example, in May 2023, according to a report by the European automobile manufacturers association ACEA, around 85.4 million motor vehicles were produced worldwide in 2022, an increase of 5.7% compared to 2021. Therefore, the growing demand from the automotive industry is driving artificial intelligence AI in the 3D printing market.
Who are the key players in the Artificial Intelligence (AI) in 3D Printing market?
Some of the major companies operating in the artificial intelligence (AI) in 3D printing market include General Electric Company, The Hewlett-Packard Company, Autodesk Inc., Stratasys Ltd., 3D Systems Inc., Xometry Inc., Formlabs Inc., Materialize NV, 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.
What are the notable recent advances in the Artificial Intelligence (AI) in 3D Printing market?
Major companies operating in the artificial intelligence (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 production schedules to accelerate. AI-powered 3D printing software uses artificial intelligence to improve the different phases of the 3D printing process, from design and optimization to real-time monitoring and quality control. For example, 1000 Kelvin GmBH, a US-based AI solutions company, launched AMAIZE, an AI-powered 3D printing software, in November 2023. This software allows users to upload their print files to the AMAIZE cloud, where the software analyzes the parts and automatically corrects any thermomechanical issues by optimizing scanning strategies and process parameters. This capability eliminates the need for costly finite element simulations and reduces the number of physical iterations, saving materials and energy while reducing costs. The company's mission is to make 3D printing as accessible and efficient as traditional manufacturing processes and to contribute to sustainability by reducing waste and improving production efficiency.
How is the artificial intelligence (AI) market segmented in 3D printing?
The Artificial Intelligence (AI) in 3D Printing market covered in this report is segmented –
1 By components: hardware, software, services
2 By technology: computer vision, machine learning, contextual computing, natural language processing, other technologies
3 By application: efficiency improvement, planning and execution, fault detection, predictive maintenance, real-time monitoring, other applications
4 By End User: Healthcare, Automotive, Consumer Electronics, Other End Users
Which region is leading the Artificial Intelligence (AI) in 3D Printing market?
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 and the Middle East, Africa.
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