Automotive industry stakeholders worldwide are now racing toward full industrialization and integration of the AM process within their end-to-end production workflow, beginning with software and materials, passing through the AM hardware, and ending with services and a growing number of possible applications. 3D printing is thus well positioned to expand its use as the primary technology for automotive prototyping as well as tooling, while also establishing a stronger than ever opportunity for serial and mass customized part production.
We expect the overall market for AM in automotive to grow to an impressive $12.4 billion US by 2028 (growing at 24.8% CAGR). This growth will be driven in the short and medium term by increasing adoption and use of 3D printing for prototyping and tooling.
