Growing Research Funding Driving North American Additive Manufacturing & Material Market

Additive manufacturing & material market is anticipated to exhibit a CAGR of 23.5% during the forecast period (2021-2027). The growing research funding for additive manufacturing is anticipated to propel the growth of the additive manufacturing & material market in the North America. In the first half of 2018, the US-based 3D printing start-ups raised over $600 million to develop innovative technologies in the field of 3D printing. In2019, ASTM International, developer of the Additive Manufacturing Center of Excellence (AM CoE), had launched a strategic guide produced in partnership with America Makes that identifies gaps, obstacles, solutions and action plans for additive manufacturing data to support research related to additive manufacturing.

Browse the full report description North American Additive Manufacturing & Material Market Size, Share & Trends Analysis Report by Material Type (Plastic, Metal, Ceramics, Others) by End-User (Aerospace & Defense, Healthcare, Automotive, Education & Research, Others) Forecast period (2021-2027) at https://www.omrglobal.com/industry-reports/north-american-additive-manufacturing-material-market

Apart from this, Auburn University in the US announced to make a standard coupon design in the North American area for the assessment of 3D printed metal lattice structures under compressive loading. With this the University intends to improve the accuracy of the structures made through additive manufacturing for applications in healthcare sector.The University is also working with NASA to design a set of test components, complete with a methodology, to aid in the validation of process parameters for powder bed fusion to allow manufacturers to confirm the usability of a certain parameter set across various thermal conditions via complex geometries. Therefore, the ongoing research funding & projects based on additive manufacturing driving the growth of the regional market. 

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2020-2027
• Segment Covered- 

o By Material Type

o By End User

• Competitive Landscape- 3D Systems Corp., Proto Labs, Inc., Arcam AB (General Electric, Co.), Stratasys, Ltd., and Royal DSM N.V.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Additive Manufacturing & Material Market report Segment

By Material Type

• Plastic
• Metal
• Ceramic
• Other

By End-User

• Aerospace & Defence
• Healthcare 
• Automotive
• Education & Research
• Others

North American Additive Manufacturing & Material Market Report Segment by Country

• United States
• Canada