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)

Published In : Jan 2024
Code : CMI5855
Pages :162
Formats :
Excel and PDF
Industry : Smart Technologies

Digital Fabrication MarketSize and Trends

The global digital fabrication market size is estimated to be valued at US$ 38.20 Bn in 2023 and is expected to reach US$ 239.80 Bn by 2030, growing at a compound annual growth rate (CAGR) of 30% from 2023 to 2030. Digital fabrication encompasses various technologies such as 3D printing, CNC (Computer Numerical Control) machining, laser cutting, and computer-aided design (CAD). These technologies enable the production of custom-designed objects, prototypes, and components with high precision and efficiency.

Factors contributing to the growth of the digital fabrication market include advancements in additive manufacturing technologies, increased adoption in industries such as automotive, aerospace, healthcare, and consumer goods, and the growing demand for customized products.

Digital Fabrication Market Trends:

Adoption of Additive Manufacturing: Additive manufacturing, also known as 3D printing, is a key trend in digital fabrication. It enables the production of complex geometries, customization, and on-demand manufacturing. The technology is being increasingly adopted across various industries, including automotive, aerospace, healthcare, and consumer goods.

According to the World Economic Forum, additive manufacturing (AM) industrialization has progressed through different stages, yet it consistently maintains a steady average annual growth rate of 20%.

Hybrid Manufacturing Solutions: Hybrid manufacturing, which combines additive manufacturing with traditional subtractive processes like CNC machining, is gaining popularity. This approach leverages the strengths of both technologies, enabling the production of parts with enhanced precision, surface finish, and material properties. Hybrid manufacturing provides flexibility and expands the range of applications for digital fabrication. According to the United Nations Industrial Development Organization (UNIDO), in a 2021 survey of global manufacturing firms, approximately 60% indicated that the adoption of advanced technologies such as 3D printing and robotics will be essential for modernizing their operations in the upcoming five years.

Figure 1. Global Digital Fabrication Market Share (%), by Region, 2023