Industry: Semiconductor & Electronics | Publish Date: 27-Jul-2023 | No of Pages: 77 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
Singapore Additive Manufacturing (AM) Market was valued at USD 30.82 million in 2022, and is predicted to reach USD 201.56 million by 2030, with a CAGR of 26.4% from 2023 to 2030. Additive manufacturing, also referred to as 3D printing, is a manufacturing technique where objects are constructed incrementally by layering different materials. The process is directed by a computer, which uses data from CAD software or 3D object scanners to guide the machines in shaping the materials. In order to initiate the additive manufacturing process, a design is necessary, which can be created using CAD software or by scanning an existing object. The design is then translated into a comprehensive blueprint by the software, providing precise instructions to the 3D printer. Once the blueprint is transmitted, the actual production of the object commences. The duration required to complete the additive manufacturing process varies depending on the size of the object, with smaller items typically being manufactured more efficiently and in a shorter timeframe.
Singapore has a well-developed manufacturing sector with expertise in precision engineering, aerospace, biomedical, and electronics industries. Additive manufacturing offers opportunities to enhance manufacturing processes, improve product design and customization, and accelerate prototyping. The integration of additive manufacturing technologies into existing manufacturing operations has driven its adoption and growth in Singapore.
Singapore has been actively promoting sustainability and a circular economy. Additive manufacturing aligns with these goals by enabling resource-efficient production, reducing waste, and supporting localized manufacturing. The focus on sustainability and circular economy principles has driven the adoption of additive manufacturing as a sustainable manufacturing solution in Singapore.
The cost of additive manufacturing technologies, including printers, materials, and post-processing equipment is relatively high compared to traditional manufacturing methods. This cost factor may limit the accessibility and adoption of additive manufacturing, particularly for small and medium-sized businesses, which is expected to restrain the growth of the market.
Continuous advances in additive manufacturing technology, such as greater printer capabilities, improved materials, and more efficient post-processing procedures, have supported industry expansion. These developments allow for improved quality, faster production, and more application options, driving more sectors to adopt additive manufacturing. As a result, it is expected to create ample opportunities for the future.
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.
The Singapore 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.
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.
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
The competitive analysis of the market players along with their market share in the Singapore additive manufacturing market.
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
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
Others
Desktop 3D Printer
Industrial 3D Printer
Polymer
Metal
Ceramic
Prototyping
Tooling
Functional Parts
Hardware
Software
Design Software
Inspection Software
Printer Software
Scanning Software
Services
Industrial Additive Manufacturing
Automotive
Aerospace and Defense
Healthcare
Consumer Electronics
Power and Energy
Others
Desktop Additive Manufacturing
Educational Purpose
Fashion and Jewelry
Objects
Dental
Food
Others
Stratasys
Markforged Holding Corporation
Desktop Metal Inc.
Velo3d, Inc.
Formlabs Inc.
Protolabs.
Xometry Inc.
Shapeway Holdings Inc.
D Systems
General Electric