Timeline for Adoption of Composite Additive Manufacturing

composite additive manufacturing

Long-term growth for composite additive manufacturing is expected to be very significant as composites become even more relevant in segments that expand beyond the medical and aerospace sectors and into consumer areas such as next generation automotive, energy, and transportation in general. As composite additive manufacturing technologies are perfected, SmarTech Publishing expects that they will take up a very considerable share of the entire composite manufacturing market.

Composites Report:

https://www.smartechanalysis.com/reports/3d-printed-composites-materials-markets-2018/

Share of Refractory Metal AM Application Revenues, by Industry, 2014-2027

Share of Refractory Metal AM Application Revenues, by Industry, 2014-2027

Through the next ten years, SmarTech believes that refractory metals will be the fastest growing class of metals in powder-based additive manufacturing markets, exceeding even that of aluminum alloys and other specialty materials, growing at a combined 46 percent compounded annually in terms of the consumption of refractory based materials. At this stage in the market’s development, medical applications are expected to dominate the use of AM to produce refractory metal finished parts, though a wide swath of other potential applications exist which will require dedicated solution development.

https://www.smartechanalysis.com/reports/metal-3d-printing-service-bureaus/

Projected Refractory Metal Based AM Powder Shipment Growth Rates, by Metal, 2014-2027

SmarTech Publishing sees Additive Manufacturing technology as a potentially disruptive processing method for tungsten, tantalum, niobium, and molybdenum materials, which will unlock new worldwide potential for producing components constructed from refractory metals. SmarTech’s latest report sees market growth of almost 45 percent compounded annually through 2027.

https://www.smartechanalysis.com/reports/additive-manufacturing-refractory-metals/

Additive Manufacturing Automotive Forecast ($millions)

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.