The Multi Jet Fusion 3D Printing Technology Market is expected to grow from US$3.326 billion in 2025 to US$8.237 billion in 2030, at a CAGR of 19.88%.
The multi-jet fusion 3D printing technology market is expanding rapidly due to several factors, including ongoing technological advancements, the technology's remarkable speed and scalability for mass production, an increasing selection of compatible materials, cost savings, and the capacity to create intricate and highly customised parts. Moreover, the environmentally sustainable characteristics of MJF, together with robust industrial demand and government backing, have expedited its assimilation across many domains, rendering it a propitious and swiftly developing technology with a bright future.
Multi Jet Fusion (MJF) 3D printing technology has made significant strides that have changed its applications and attractiveness across many sectors. Improvements in printing resolution, speed, and accuracy have made precise manufacturing applications possible in addition to boosting production efficiency. Its application is expanded by the availability of more suitable materials, such as thermoplastics and composites, and design freedom is increased by the capacity to print in full colour and combine various materials into a single print job. The competitiveness and sustainability of MJF have been improved via scalability, post-processing methods, machine learning integration, and sustainability features. With additional improvements, MJF has the potential to upend conventional production techniques and find use in a larger range of sectors.
As per the International Trade Administration, the sales data for 2020 saw a total of $168.6 million in sales of additive manufacturing, or 3D printing equipment, in Japan. The overall trends in Japan's 3D printing industry indicate that annual growth in sales of 3D printing equipment is expected. Additionally, as per the Ministry of Electronics and Information Technology, the market size for additive manufacturing increased from US$16.94 billion in 2021 to US$20.02 billion in 2022, further fueling the demand for 3D printing.
The industrial business is changing owing to the phenomenal expansion of three-dimensional printing technology. With this adaptable technology, the consumer can quickly and affordably achieve complicated geometries, customization, prototyping, and a variety of production processes. Large-scale manufacturing and professional enterprises that depend on 3D printing to operate their operations are the target market for the business and industrial 3D printer categories. These printers range in price from $5,000 to hundreds of thousands of dollars.
Furthermore, in 2020, researchers at Oak Ridge National Laboratory created artificial intelligence software that evaluates component quality in real time for powder bed 3D printers without the need for costly characterisation tools. The Peregrine software facilitates the ORNL-developed "digital thread" for advanced manufacturing, which gathers and evaluates data at each stage of the manufacturing process, including design, feedstock selection, print construction, and material testing.
Multi-jet fusion 3D printing produces finely detailed end-use production parts and functional nylon prototypes. The high level of precision provided by such 3D printing technology solves the issue of manufacturing parts having complex designs, owing to which it is finding applicability in various industrial sectors, such as automotive, aerospace & defense. The bolstering growth in such major end-users in the USA, coupled with technological innovations and increasing efforts to improve product efficiency, has propelled the need for multi-jet fusion 3D printing. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, the USA automotive production stood at 10.06 million units, thereby signifying a 10% increase over 2021’s production volume of 9.15.
According to the General Aviation Manufacturer Association, in 2022, the number of US-manufactured aircraft stood at 1,954 units, which represented a significant 25.6% increase over 2020’s production figure of 1,555. Moreover, the commercial launch of metal-jet fusion 3D printers by major market players such as HP is also fueling the multi-jet fusion 3D printing technology market growth at the country level. For instance, in September 2022, HP Inc. announced at the 2022 International Manufacturing Technology Show (IMTS) held in Chicago the commercial availability of its “Metal Jet S1000 Solution”. The product would assist in scaling 3D metal mass production. The low-cost material utilization by such technology makes it ideal for mechanical testing and prototypes, and with the growing investments to bolster smart manufacturing in the USA, the demand for such 3D printing technology is poised to show positive growth in the coming years.
Product innovation by major multi-jet fusion 3D printing technology market players is further fueling the market. For instance, by selecting Materialise for Multi Jet Fusion printing, the consumer might benefit from the company’s wealth of knowledge on this cutting-edge technology. The company is honoured to be a part of HP's Digital Manufacturing Network, having received recognition from the company for the superiority of 3D production and quality control procedures. Furthermore, for a comprehensive supply chain solution, HP Digital Production Suite offers the management and analytics needed to expand additive manufacturing. HP provides 3D printing technology that produces superior white components and efficiency that allows for minimal operational costs, and can give the best of both worlds.
Multi Jet Fusion 3D Printing Technology Market Segmentation: