Singapore Additive Manufacturing (AM) Market

Singapore Additive Manufacturing Market Overview

Singapore Additive Manufacturing Market size was valued at USD 25.7 million in 2023, and is predicted to reach USD 114.7 million by 2030, at a CAGR of 22.3% from 2024 to 2030. In terms of volume, the market size was 1 thousand units in 2023, and is projected to reach 6 thousand units by 2030, with a CAGR of 25.3% from 2024 to 2030.

The additive manufacturing (AM) market, known as additive layer manufacturing (ALM) or three-dimensional (3D) printing, is a global industry focused on developing, producing, and distributing technologies and materials for constructing three-dimensional objects layer by layer from digital models. Serving diverse sectors including aerospace, automotive, healthcare, and consumer goods, this market offers advanced solutions for prototyping, production, and customized manufacturing.

AM is highly valued for its capability to produce intricate and customized components while minimizing material waste, leading to significant cost savings and environmental benefits. A notable characteristic of this market is its variety of printing technologies, such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM), each tailored to meet specific industry requirements and applications. Additionally, AM's ability for rapid prototyping accelerates product development cycles, empowering businesses to innovate and bring products to market faster than traditional manufacturing methods allow.

Rising Adoption of 3D Printed Component in Aerospace Sector Propels the Market Growth

The rising use of 3D printed components in the aerospace industry in Singapore is accelerating market growth by enabling more efficient and cost-effective manufacturing processes. This technology allows for the creation of complex, lightweight structures that are impractical with traditional manufacturing methods, thereby reducing material waste and production time. In January 2023, Singapore launched its first 3D printed component into space as part of the Zeus-1 satellite used in SpaceX's Falcon 9 rocket.

Led by Qosmosys with contributions from NuSpace and Creatz3D Singapore, the project utilized additive manufacturing for its cost and time efficiency. Such advancements benefit the aerospace industry through enhanced design flexibility, improved performance, and quicker prototyping capabilities provided by 3D printing, fueling demand in the market.

Surge in Healthcare Expenditure Drives the Adoption of Additive Manufacturing

The growing healthcare expenditure is accelerating the Singapore additive manufacturing market demand for advanced, customized medical solutions such as 3D printing, aiming to improve patient outcomes and reduce costs. Additive manufacturing (AM), or 3D printing, enables the production of personalized medical devices, implants, and prosthetics tailored to individual patient anatomy, enhancing treatment effectiveness. This technology also facilitates rapid prototyping and the creation of complex structures, including biocompatible implants and tissue scaffolds crucial for medical research and development.

According to the latest report from the International Trade Administration (ITA), Singapore's National Health Expenditure allocated a USD 5.6 billion budget in healthcare, expected to rise to USD 59 billion by 2030. As Singapore's healthcare systems invest more in innovative technologies to meet the rising demand for quality care, the adoption of AM in the medical sector continues to expand, driving market growth.

High Upfront Investment Restrains Market Growth

The significant initial investment needed for AM equipment, materials, and training poses a major barrier to Singapore additive manufacturing market trends. This financial commitment presents a significant challenge for businesses, especially smaller ones, restricting their ability to enter or scale operations in the market. Moreover, continuous expenses associated with materials and training add to the overall financial burden. As a result, many businesses are cautious about adopting AM technology due to these initial financial hurdles, thereby limiting prospects of the Singapore additive manufacturing market growth.

Integration of Artificial Intelligence (AI) in Additive Manufacturing Presents Lucrative Opportunity for Market Expansion

Incorporating artificial intelligence (AI) into additive manufacturing (AM) is expected to broaden the 3D printing market by improving production processes, advancing product design capabilities, and facilitating the creation of intricate and customized objects. AI integration allows businesses to analyze large datasets collected during printing, including material properties, printing parameters, and environmental conditions. This analysis assists in identifying patterns, optimizing settings, and predicting potential defects, thereby enhancing printing precision and minimizing material waste.

Competitive Landscape

The prominent key players operating in Singapore additive manufacturing industry include Equinix, Singtel, Digital Realty, Microsoft Azure, ST Telemedia GDC, Keppel Data Centres, NTT, Global Switch, Princeton Digital Group, AirTrunk, PhoenixNAP, Empyrion DC, Iron Mountain, Rackspace Technology, YTL Data Center Holdings, and others.

Singapore Additive Manufacturing Market Key Segments

By Offering                

• Printers            

  • Desktop Printers        

  • Industrial Printers        

• Materials        

  • Plastics        

    • Thermoplastics    

    • Photopolymers    

  • Metals        

    • Steel    

    • Aluminum    

    • Titanium    

    • Nickel    

    • Other metals    

  • Ceramics        

  • Other Materials        

    • Wax    

    • Laywood    

    • Paper    

    • Biocompatible materials    

• Software            

  • Design        

  • Inspection        

  • Printing        

  • Scanning        

• Services            

By Technology                

• Fused Deposition Modelling (FDM)            

• Stereolithography (SLA)            

• Selective Laser Sintering (SLS)            

• Polyjet Printing/Multijet Printing (MJP)            

• Electron Beam Melting (EBM)            

• Digital Light Processing (DLP)            

• Direct Metal Laser Sintering (DMLS)            

• Other Technologies            

By Process                

• Powder Bed Fusion (PBF)            

• Vat Photopolymerization            

• Binder Jetting            

• Material Extrusion            

• Material Jetting            

• Other Processes            

By Application                

• Prototyping            

• Tooling            

• Functional Part Manufacturing            

By Vertical

• Automotive            

• Aerospace & Defense            

• Healthcare            

• Architecture & Construction            

• Education            

• Industrial            

• Energy            

• Printed Electronics            

• Jewelry            

• Food & Culinary            

• Other Verticals            

Key Players

• Equinix

• Singtel

• Digital Realty

• Microsoft Azure

• ST Telemedia GDC

• Keppel Data Centres

• NTT

• Global Switch

• Princeton Digital Group

• AirTrunk

• PhoenixNAP

• Empyrion DC

• Iron Mountain

• Rackspace Technology

• YTL Data Center Holdings

Report Scope and Segmentation