Additive Manufacturing Leaps from Prototype to Production
February 27, 2019 | ABI ResearchEstimated reading time: 2 minutes
The number of production-ready additive manufacturing (AM) platforms that ship each year will increase more than 10 times by 2030, as the technology’s use in structural and mission-critical commercial applications comes to fruition. According to a new report published by ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies, these systems will produce more than $360 billion worth of parts and end products each year and nearly $2 trillion in sum by the end of the next decade.
“Additive manufacturing is moving from the prototype to the production market in a big way,” explained Ryan Martin, Principal Analyst at ABI Research. “A new set of technologies is breaking out to create net-shape parts in a variety of build platform sizes that significantly broaden the overall scope of applications where AM can compete, and ultimately win. The integration of digital and physical production systems will accompany the hybrid manufacturing models that follow for higher degrees of automation and just-in-time, on-demand delivery.”
“3D printing” has been around for more than 30 years in specialized aerospace and medical applications (for prosthetics, hearing aids, and dental implants). The latest round of innovation is an entirely different breed. Specialist AM original equipment manufacturers (OEMs) like 3D Systems, EOS, and Stratasys are still in the mix and have primarily led the charge due to their market tenure and resulting credibility with a wide range of companies and applications, but there are also a number of emerging players, such as Carbon, Desktop Metal, Digital Alloys, and Markforged that need to be taken just as seriously. ExOne, GE Additive, and HP (which plans to start shipping its Metal Jet production system in 2020) are another tier in the middle, but breakout growth across aerospace and defense (including commercial aviation), automotive, consumer goods, and machinery (including tooling) makes it anyone’s game.
The automotive industry represents the largest opportunity globally with $148 billion in additive manufacturing product value forecasted for 2030, but it is closely followed by the machinery markets, and these figures differ from country to country. The United States currently leads the world in terms of AM product value but will be passed by China in 2029 under present conditions.
“Additive manufacturing brings production closer to the places where products are sold and used. For suppliers, this means the ability to better dictate the priority, timeliness, and process that best fits their manufacturing needs,” concluded Martin.
These findings are from ABI Research’s Additive Manufacturing Market Tracker market data report. This report is part of the company’s Industrial Solution, which will help manufacturers digitize operations to create better quality products at lower costs. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.
About ABI Research
ABI Research provides strategic guidance for visionaries needing market foresight on the most compelling transformative technologies, which reshape workforces, identify holes in a market, create new business models and drive new revenue streams. ABI’s own research visionaries take stances early on those technologies, publishing groundbreaking studies often years ahead of other technology advisory firms. ABI analysts deliver their conclusions and recommendations in easily and quickly absorbed formats to ensure proper context. Our analysts strategically guide visionaries to take action now and inspire their business to realize a bigger picture.
Suggested Items
Latest test and inspection solutions from GOEPEL electronic at SMTconnect 2024
04/29/2024 | GOEPEL electronicGOEPEL electronic will be demonstrating automated test and inspection equipment at SMTconnect, taking place in Nuremberg from June 11 to 13, 2024.
SIA Commends CHIPS Act Incentives for Micron’s Manufacturing Projects in New York and Idaho
04/29/2024 | SIAThe Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer applauding semiconductor manufacturing incentives announced by the U.S. Department of Commerce and Micron.
Real Time with… IPC APEX EXPO 2024: Tools, Training, and Trends in Manufacturing Engineering
04/25/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and Product Specialist Erik Bateham of Polar Instruments discuss Polar's latest technology, including their role in aiding manufacturing engineers. They highlight the advanced capabilities of Polar's tools and the critical role of signal integrity analysis, as well as the importance of accurate modeling in board manufacturing. Polar's unique training approach and demonstration contact details are also explored.
TTM Celebrates the Grand Opening of Its First Manufacturing Facility in Penang
04/25/2024 | TTM Technologies, Inc.TTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCBs), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).
Listen Up! The Intricacies of PCB Drilling Detailed in New Podcast Episode
04/25/2024 | I-Connect007In episode 5 of the podcast series, On the Line With: Designing for Reality, Nolan Johnson and Matt Stevenson continue down the manufacturing process, this time focusing on the post-lamination drilling process for PCBs. Matt and Nolan delve into the intricacies of the PCB drilling process, highlighting the importance of hole quality, drill parameters, and design optimization to ensure smooth manufacturing. The conversation covers topics such as drill bit sizes, aspect ratios, vias, challenges in drilling, and ways to enhance efficiency in the drilling department.