DIGITAL FABRICATION MARKET ANALYSIS

Digital Fabrication Market, By Technology Type (3D Printing/Additive Manufacturing, Computer Numerical Control (CNC) Machining, Laser Cutting and Engraving, Digital Embroidery, Waterjet Cutting, Others), By Material Type (Plastics, Metals, Ceramics, Composites, Others), By End-use Industry (Aerospace and Defense, Automotive, Healthcare, Architecture and Construction, Consumer Goods, Electronics, Education and Research, Others), By Application (Prototyping, Production Parts Manufacturing, Customization and Personalization, Tooling and Jigs, Art and Sculpture, Rapid Manufacturing, Others), By Size of Fabrication (Small-Scale Fabrication, Medium-Scale Fabrication, Large-Scale Fabrication), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Recent Developments

Key Development

In June 2023, Stratasys, an American-Israeli manufacturer of 3D printers, software, announced the receipt of unsolicited proposal from 3D Systems. It was revealed that Stratasys had received an unsolicited, non-binding indicative proposal from 3D Systems Corporation (NYSE: DDD). The proposal suggests an acquisition offer of $7.50 in cash and 1.2507 newly issued shares of 3D Systems common stock for each ordinary share of Stratasys.
In October 2023, Icon Technologies Limited, a company engaged in thermoforming and rotational molding situated in Winkler, Manitoba, Canada, acquired an EXT 1270 Titan Pellet 3D printer, according to the announcement by 3D Systems.
In September 2023, General Electric (GE) Vernova, a multinational U.S.-based corporation has pioneered the future of industry by unveiling an innovative carbon emissions management software powered by artificial intelligence (AI). A software solution for managing carbon emissions, is designed to assist energy companies in advancing towards their net-zero objectives through precise data and capabilities for abatement planning.

Key Strategic Initiatives

Desktop Metal acquires EnvisionTEC: In 2021, Desktop Metal, a provider of metal 3D printing solutions, acquired EnvisionTEC, a pioneer in digital light processing (DLP) and photopolymer-based 3D printing technologies. This acquisition expanded Desktop Metal\'s portfolio with EnvisionTEC\'s expertise in DLP and brought together a wide range of metal and photopolymer 3D printing technologies under one company.
Stratasys acquires Origin: In 2020, Stratasys acquired Origin, a startup specializing in photopolymer-based 3D printing. This acquisition expanded Stratasys\' portfolio with Origin\'s programmable photopolymerization technology, enabling the production of end-use parts with enhanced accuracy, consistency, and throughput.
HP acquires Dyndrite: In 2020, HP, a technology company known for its 3D printing solutions, acquired Dyndrite, a software company focused on developing advanced additive manufacturing software. This acquisition allowed HP to leverage Dyndrite\'s powerful software platform to enhance its 3D printing capabilities and deliver more efficient and optimized workflows.