San Francisco, 20 March 2030: The Report Hybrid Additive Manufacturing Market Size, Share & Trends Analysis Report By Material (Titanium, Aluminum, Steel, Nickel, Others), By End-use, By Region, And Segment Forecasts, 2023 - 2030

The global hybrid additive manufacturing market size is anticipated to reach USD 948.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 22.2% from 2023 to 2030. The growing adoption of hybrid additive manufacturing in the aerospace, medical, and automotive sectors is anticipated to propel the market growth.

The growing demand for customized products across various industries has led to the development of new manufacturing methods, including hybrid additive manufacturing. This technology combines traditional subtractive manufacturing with additive manufacturing methods to produce complex, high-quality, and customized products. In addition to customization, hybrid additive manufacturing offers other advantages such as reduced material wastage, improved production speed, and reduced costs.

The COVID-19 pandemic had a negative impact on the market for hybrid additive manufacturing. The pandemic disrupted global supply chains, leading to raw materials, components, and equipment shortages. This has affected the hybrid additive manufacturing sector, as many manufacturers rely on imported materials and equipment. Despite the challenges, the pandemic had also accelerated the adoption of additive manufacturing in the medical sector. In 2020, the Dubai Health Authority (DHA) announced that it had used 3D printing technology to produce 60,000 face shields for healthcare workers in response to the COVID-19 pandemic. The face shields were produced using a 3D printer at the DHA's Innovation Centre.

The market growth is anticipated to be driven by the increasing adoption of 3D printing and hybrid additive manufacturing in the aerospace, medical, and automotive sectors. In addition, the growing demand for customized products also presents significant growth opportunities for the market.

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The COVID-19 pandemic had a negative impact on the global market for hybrid additive manufacturing. The pandemic disrupted global supply chains, leading to raw materials, components, and equipment shortages. This has affected the hybrid additive manufacturing sector, as many manufacturers rely on imported materials and equipment. The pandemic led to a reduction in demand for many manufactured products, including those produced using hybrid additive manufacturing. This had forced some manufacturers to scale back production and delay investment in new technology.

Despite the challenges, the pandemic had also accelerated the adoption of additive manufacturing in some industries, as it offers the ability to quickly produce parts and components locally, reducing reliance on global supply chains. For example, many companies used additive manufacturing during the pandemic to produce critical medical supplies, such as ventilator parts and face shields. For instance, HP India collaborated with several partners to design and produce critical components for ventilators, such as control valves and connectors, using 3D printing technology. The project was initiated in response to the shortage of ventilator parts during the COVID-19 pandemic. The team worked round the clock for 24 days to produce 120,000 3D printed parts, which were then assembled into ventilators by AgVa Healthcare, a leading medical equipment manufacturer. The ventilators were approved by the Indian government and were deployed in various hospitals to treat COVID-19 patients.

The government of the U.S. has recognized the potential of different new manufacturing techniques, including additive manufacturing, and invested in research & development in this area. For instance, in September 2021, The Future Manufacturing program by National Science Foundation (NSF) granted USD 31.5 million to fund 22 new research and seed projects. These grants support research and education at 40 different universities and two companies, spread across 18 states. Auburn University has been leading the Federated Deep Learning for Future Ubiquitous Distributed Additive Manufacturing project, along with George Mason University. The project aims to explore the application of federated deep learning in the context of ubiquitously distributed additive manufacturing.