Artificial Intelligence (AI) In 3D Printing Market Size
The Business Research Company recently released a comprehensive report on the Global Artificial Intelligence (AI) In 3D Printing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
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According to The Business Research Company’s, 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 in the historic period can be attributed to increasing efficiency and reduced production cost, increasing demand for more customized products, increasing demand in healthcare, growing need for optimized 3D printing, and increasing 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 growth in the forecast period can be attributed to rising investments from tech giants, increasing demand for hardware, surge in digitization, growth in the aerospace and defense sector, and increased use of Artificial Intelligence (AI) for defect detection applications. Major trends in the forecast period include Integrating 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, data-based precise manufacturing, and the inclusion of robotics in the systems.
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Market Drivers and Trends:
The growing demand from the automotive industry is expected to propel the growth of artificial intelligence (AI) in the 3D printing market going forward. The automotive industry refers to the design, development, manufacturing, marketing, and selling of motor vehicles. The growing adoption of 3D printing in the automotive industry is due to improved design capabilities, enhanced precision and accuracy, and flexibility in manufacturing. AI in 3D printing significantly benefits the automotive industry with enhanced design and prototyping, improving efficiency and quality, enabling customization, contributing to improved efficiency, enhanced product quality, and accelerated innovation. For instance, in May 2023, according to a report published by the European Automobile Manufacturers’ Association (ACEA), in 2022, around 85.4 million motor vehicles were produced worldwide, a 5.7% increase over 2021. Therefore, the growing demand from the automotive industry drives the artificial intelligence (AI) in 3D printing market.
Major companies operating in the artificial intelligence (AI) in 3D printing market are focused on developing innovative solutions such as AI-powered 3D printing software to enhance design accuracy, optimize printing processes, reduce material waste, and accelerate production timelines. AI-powered 3D printing software leverages artificial intelligence to improve the various stages of the 3D printing process, from design and optimization to 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 the software analyzes the parts and automatically corrects any thermo-mechanical issues by optimizing scan strategies and process parameters. This capability eliminates the need for costly finite element simulations and reduces the number of physical iterations, thereby saving materials and energy while lowering costs. The company’s mission is to make 3D printing as accessible and efficient as traditional manufacturing processes, contributing to sustainability by reducing waste and improving efficiency in production.
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Major Key Players of the Market:
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
Artificial Intelligence (AI) In 3D Printing Market 2024 Key Insights:
• 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 Surge of AI In 3D Printing For The Automotive Industry
• Technological Innovations In AI-Driven 3D Printing Enhancing Design Accuracy And Production Efficiency
• North America was the largest region in the artificial intelligence (AI) in 3D printing market in 2023
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