SmarTech Publishing just released its latest report on the opportunities for AM in automotive production and automotive additive manufacturing market forecast. This 200-page report contains over 80 forecast charts and tables with which we have worked to quantify the possible revenues generated by all additive manufacturing segments within the automotive sector, including AM hardware, materials, software, prototypes and tooling while focusing specifically, for the first time to this extent, on the use of AM for final part production in cars (and motorcycles).
In this new report, we expect the overall market for AM in automotive to reach $5.3 billion in revenues in 2023 and then grow to an impressive $12.4 billion US by 2028. Thus, adoption of AM by the automotive segment for production purposes is going to mark an inflection point for the additive manufacturing.
While the market remains focused on prototyping and tooling, parts production will become the primary revenue opportunity by the end of the forecast period, surpassing prototyping, tooling, hardware, and materials. Parts production including metal and polymer parts, as well as both parts produced internally by automotive OEM’s and in outsourcing, are expected to be the primary revenue opportunity driving the entire segment, totaling nearly $4.3 billion US by the end of the forecast period.
During our interviews with major AM and automotive industry stakeholders and information collection activities, we identified several trends that confirmed this analysis. One is that major new hardware from leading vendors is now focusing on automotive part production: these systems include multi-jet fusion (HP), digital light synthesis (Carbon) as well as metal binder jetting projects from Desktop Metal, GE, HP and Stratasys. At the same time, current AM market leaders such as Stratasys, 3D Systems, EOS and EnvisionTEC have all been upgrading and optimizing their technologies and processes looking to capitalize on the opportunity for higher batch production.
In addition, major automotive OEMs have formed partnerships with AM hardware OEM focusing on part production, given the value they see from integrating additive manufacturing into their processes. Finally, next-generation softwares from Siemens, Autodesk, Dassault Systemes, Materialise and many more are now enabling both optimized part design for AM and AM integration into the end-to-end production workflow. They are supported by advanced CAM (computer aided manufacturing), CAE (computer aided engineering), AM process simulation and AM process monitoring tools provided by both first and third-party vendors.
What to look for in the report
In this new report, SmarTech Publishing maps and quantifies the use of additive manufacturing hardware and materials (polymers, metals, composites and ceramics) in the automotive segment, already one of the first and largest adopters of AM technologies for prototyping and tooling applications. The report analyzes hardware adoption and material consumption based on the most recent advancements in AM adoption. It also provides a detailed description of the recent case histories and major industry partnerships that are shaping and defining AM adoption for the next decade.
The full report includes Ten-year 3D printing opportunity and market data forecasts in volume and value terms. These cover hardware, materials, software, services and overall printed parts value – illustrated with over 80 charts and exhibits. Expanded market data also includes key metrics at a country level, better capturing the regional attitudes towards introducing AM in the production workflow for prototyping, tooling and final parts.
The complete lists and descriptions of key AM hardware and AM materials (both polymer and metal alloys) used in automotive AM, including upcoming production-ready technologies, will provide an immediate and clear market scenario, coupled with a complete analysis of software used in the end-to-end automotive production cycle, in light of recent advanced in generative design software and PLM software solutions.
Taking parts apart
One key innovation presented in this report consists of the most in-depth analysis of final parts production in automotive AM available today (that we are aware of). In order to assess this, we analyzed the parts that could in the short, medium and long-term period benefit from AM as a mean of production. We confronted them with the currently available technologies and materials, while also taking into consideration possible new evolutions in terms of part size, batch size and materials science.
We then proceeded to confront the new data collected for this report with previous data in the 2016 report, that separated overall part value generated by AM in automotive into small, medium and large size prototypes, tools (including jigs and fixtures) and final parts. Some of the most significant findings indicate that some powertrain elements in metal, and larger batches of small- and medium-size parts for polymers, could become the major revenue drivers over the next decade.
This third dedicated study thus expands coverage to consider the greater long-term potential for additive manufacturing as a key production technology for the massive global automotive industry, paving the way to widespread adoption of both metal and polymer AM technologies. This is by far the most extensive exploration of where the opportunities will be found in additive manufactured automotive prototypes, tools and final parts in the next decade.