SmarTech’s latest additive manufacturing automotive forecast sees the market reaching $5.3 billion in 2023 then climbing to $12.6 billion in 2023.
With over 12 billions in expected global yearly revenues by 2028, adoption by the automotive segment for production is going to mark an inflection point for AM.
This is now taking place. Although it will take many more years for widespread adoption, I expect final parts production to become the primary revenue opportunity by the ned of the forecast period, surpassing prototyping, tooling, hardware and materials.
Major new hardware is now focusing on part production specifically for automotive: multijet fusion (HP), digital light synthesis (Carbon) as well as metal binder jetting projects from Desktop Metal, GE, HP and Stratasys.
Major automotive OEM have formed partnership with AM hardware OEM focusing on part production.
New generation software is enabling both optimized part design for AM and AM integration into the end-to-end production workflow.