Italy Additive Manufacturing (AM) Market by Technology (Stereolithography, Fused Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, and Others) by Printer Type (Desktop 3D Printer and Industrial 3D Printer) by Material (Polymer, Metal, and Ceramic) by Application (Prototyping, Tooling, and Functional Parts) by Component (Hardware, Software, and Services) and by End-User (Industrial Additive Manufacturing and Desktop Additive Manufacturing) – Opportunity Analysis and Industry Forecast 2023–2030
Industry: Semiconductor & Electronics | Publish Date: 26-Jul-2023 | No of Pages: 75 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
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Market Definition
Italy Additive Manufacturing (AM) Market was valued at USD 0.90 billion in 2022, and is predicted to reach USD 3.68 billion by 2030, with a CAGR of 19.3% from 2023 to 2030. Additive manufacturing also known as 3D printing, is a technique that involves constructing three-dimensional objects by sequentially adding layers of material. Unlike subtractive manufacturing approaches that involve eliminating material from a solid block, additive manufacturing is characterized by its incremental buildup of thin layers of material to achieve the desired object shape. To initiate the additive manufacturing process, a digital design file is first segmented into numerous cross-sectional layers. These layers are subsequently produced or placed in a sequential manner utilizing various techniques like extrusion, powder bed fusion, vat photopolymerization, or binder jetting. The scope of additive manufacturing extends to a broad selection of materials, encompassing plastics, metals, ceramics, and even biological substances, thereby enabling its adaptable use across multiple industries.
Rapid Prototyping and Accelerated Product Development
The ability to create prototypes quickly and easily is another factor promoting the growth of additive manufacturing. Rapid prototyping allows Italian companies to iterate designs rapidly, test concepts, and validate their ideas before committing to large-scale production. This accelerated product development cycle is particularly advantageous in sectors such as automotive, aerospace, and design.
Government Support and Initiatives for Additive Manufacturing in Italy
Government support and initiatives drive the adoption of additive manufacturing in Italy. The Italian government has recognized the potential of additive manufacturing and has implemented policies and funding programs to promote its development. These initiatives aim to support research and development, foster collaboration between academia and industry, and provide financial assistance to companies adopting additive manufacturing technologies.
High-Cost Restraining Additive Manufacturing in Italy
The substantial upfront investment required to establish the necessary infrastructure, including 3D printers, materials, and software, poses a significant cost barrier. This hurdle becomes particularly challenging for small and medium-sized enterprises (SMEs) with limited financial resources, hindering their ability to fully integrate additive manufacturing technology. Consequently, this is anticipated to impede the growth of the additive manufacturing industry and restrain the expansion of the additive manufacturing market.
Technological Advancements in Additive Manufacturing Market in Italy
Continuous technological advancements have been a driving force behind the remarkable growth observed in the additive manufacturing industry. These advancements span multiple areas, such as improved printing capabilities, advancements in materials, and more efficient post-processing techniques. As a result, the market has experienced notable enhancements in output quality, reduced manufacturing cycles, and expanded opportunities for application across various sectors. The ongoing progress in additive manufacturing technology has opened up numerous pathways for market development, leading to greater acceptance and utilization of this innovative technology.
Competitive Landscape
The additive manufacturing industry includes several market players such as Stratasys, Markforged Holding Corporation, Desktop Metal Inc., Velo3d, Inc., Formlabs Inc., Protolabs., Xometry Inc., Shapeway Holdings Inc., D Systems, General Electric. These market players are adopting various strategies such as product launches, and innovation to maintain their dominance in the market of Italy.
For instance, in February 2023, Plastometrex & Leonardo came into a partnership to accelerate the adoption of additive manufacturing in the key sectors of aerospace and defense. By investing in its first Indentation Plastometer from Plastometrex, it is set to overcome the challenge of timely 3D printed part qualification. The mechanical testing technology measures the strength of metallic materials from an automated 5-minute indentation-based test, allowing users to accelerate testing turnaround ‘times 80-fold while reducing testing costs by up to 90%’ according to the company.
KEY BENEFITS
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The Italy additive manufacturing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
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The competitive analysis of the market players along with their market share in the Italy additive manufacturing market.
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The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
ITALY ADDITIVE MANUFACTURING MARKET KEY SEGMENTS
By Technology
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Stereolithography
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Fused Deposition Modeling
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Selective Laser Sintering
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Direct Metal Laser Sintering
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Polyjet Printing
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Inkjet Printing
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Electron Beam Melting
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Laser Metal Deposition
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Digital Light Processing
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Laminated Object Manufacturing
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Others
By Printing Type
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Desktop 3D Printer
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Industrial 3D Printer
By Material
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Polymer
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Metal
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Ceramic
By Application
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Prototyping
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Tooling
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Functional Parts
By Component
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Hardware
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Software
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Design Software
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Inspection Software
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Printer Software
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Scanning Software
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Services
By End-User
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Industrial Additive Manufacturing
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Automotive
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Aerospace and Defense
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Healthcare
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Consumer Electronics
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Power and Energy
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Others
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Desktop Additive Manufacturing
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Educational Purpose
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Fashion and Jewelry
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Objects
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Dental
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Food
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Others
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KEY PLAYERS
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Stratasys
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Markforged Holding Corporation
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Desktop Metal Inc.
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Velo3d, Inc.
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Formlabs Inc.
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Protolabs.
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Xometry Inc.
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Shapeway Holdings Inc.
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D Systems
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General Electric
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