What Happened
Global Industry Expected to Grow at 16.9% CAGR Driven by Aerospace and Automotive Demand
The global metal additive manufacturing market is expected to experience significant growth, driven by rising demand for lightweight and complex components in the aerospace and automotive industries. The market is projected to reach $21.2 billion by 2033, growing at a CAGR of 16.9%. Powder bed fusion is the leading technology segment, and aerospace & defense is the leading application category. The market is moderately consolidated, with established equipment manufacturers competing on printer precision, material compatibility, and industry certification capabilities. This information was first reported by Unknown Source.