AM market to reach US$3.5 billion by 2017

The report, Global Additive Manufacturing Market (2012 - 2017), By Application and Technology analyses and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World.

A large number of technological innovations in additive manufacturing procedures have been witnessed in the past years, with newer technologies coming up with rapid and accurate development of products in a cost-effective manner contributing to encourage widespread adoption of the additive manufacturing procedures by manufactures worldwide.

New and improved technologies, financial support from governments, large application area, rapid product development at a low cost, and ease of development of custom products are the major drivers that are slated to propel this market. However, a few pivotal factors restraining the growth of this market are regulatory hurdles in different countries, material characterization during development, and process control and understanding.