San Francisco, December 18, 2013. The global market for AD printing was estimated to be USED 2,183 million in 2012, and is expected to reach USED 8,675. 7 million by 2020, as per a new study by Grand View Research, Inc. The ability to facilitate low-volume manufacturing in a cost-effective manner is expected to fuel the market over the next few years. Further, the report analyzes that the growing need for flexible and customized products is expected to positively impact demand for AD printing.
Automotive and healthcare industries in particular, are estimated to be key growth areas for revenue generation. Automotive is expected to be the largest and fastest growing application, with an estimated CARR of 19. 6% from 2013 to 2020. The market for medical applications was valued at USED 397. 2 million in 2012, with dental applications expected to contribute largely to this segment. Concerns over protection of intellectual property from products manufactured using AD printing are expected to restrain the industry from reaching its target potential.
Backward integration in the value chain in terms of acquisitions of software AD designing participants has been analyzed to be an opportunity for gaining competitive advantage. The report “AD Printing Industry Trends And Market Segment Forecasts