Additive Manufacturing Industry Valued at $12.3 Billion in 2024
A new report from VoxelMatters indicates the global additive manufacturing industry reached a market value of $12.3 billion in 2024.
The additive manufacturing sector has achieved a significant milestone, generating an estimated $12.3 billion in revenue for the year 2024. This figure, released by VoxelMatters, reflects the continued growth and increasing adoption of 3D printing technologies across various industries.
The report highlights the expanding scope of additive manufacturing, encompassing a wide range of applications from rapid prototyping to serial production of end-use parts. The industry's value is derived from the sales of 3D printers, materials, software, and related services.
This valuation suggests a robust market presence and a sustained upward trend in investment and development within the additive manufacturing landscape. The continuous innovation in materials, printer capabilities, and software solutions is likely contributing to this economic expansion.
This $12.3 billion valuation for 2024 underscores the additive manufacturing industry's maturation and its growing economic impact. It signifies a strong market for advanced production methods, potentially driving further investment in areas like aerospace and in-situ resource utilization for space exploration, where lightweight, customized, and on-demand parts are crucial.
Edited by the news editor with AI from the original report — please refer to the original source.