Thailand 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: 27-Jul-2023 | No of Pages: 77 | No. of Tables: 62 | No. of Figures: 29 | Format: PDF | Report Code : N/A
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Market Definition
Thailand Additive Manufacturing (AM) Market was valued at USD 55.35 million in 2022, and is predicted to reach USD 374.0 million by 2030, with a CAGR of 26.9% from 2023 to 2030. Additive manufacturing, also known as 3D printing, is a manufacturing technique that involves building objects layer by layer using different materials. The process is controlled by a computer, which uses data from CAD software or 3D object scanners to guide the machines in shaping the materials. 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 transformed into a detailed blueprint by the software, providing precise instructions to the 3D printer. Once the blueprint is transmitted, the actual production of the object begins. The time 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 less time.
Automotive Sector Driving Additive Manufacturing Applications in Thailand
The automotive sector takes the forefront in Thailand's potential for additive manufacturing (AM) applications, with major global automakers like Toyota and BMW leveraging this manufacturing technology. This industry has forged promising partnerships with renowned research institutions, such as Singapore's NTU, to collaboratively develop materials for vehicle parts using additive manufacturing. For instance, Thailand’s Kasetsart University launched a Digital Prototyping Laboratory, the first cloud service for a 3D printer farm in Southeast Asia, to run university education programmes and research development.
Healthcare Start-ups Driving Additive Manufacturing Market Growth in Thailand
The growing start-up companies with healthcare 3D printing technologies cater to rising demand for advanced technologies, which in turn is further boosting the additive manufacturing market growth. For instance, the company Meticuly was established to provide affordable, custom medical implants to Thai patients. It involves a combination of artificial intelligence (AI) algorithms, simulation software, and metal 3D printing technologies to deliver custom bone prostheses in just 7 days.
Cost Restraints in Additive Manufacturing
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.
Technological Advancements in Additive Manufacturing 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.
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.
KEY BENEFITS
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The Thailand 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 Thailand 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.
THAILAND 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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