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Why Companies Steadily Embrace Additive Manufacturing

Why Companies Steadily Embrace Additive Manufacturing

Written by Paul

January 7, 2021

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The 3D printing revolution is slow and steady but has the potential to be highly disruptive.

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This transformative approach to industrial production allows engineers to rapidly create prototypes and sometimes lighter and stronger parts, at a fraction of the cost compared to more commonly used subtractive manufacturing methods. Logically, individuals, companies, and institutions are drawn to this value proposition. The 3D printing, or additive manufacturing (AM), market was valued at $13.7 billion in 2019, 14.4% higher compared to the previous year. Various estimates have the emerging industry slated to reach a market value of approximately $41 billion by 2026 . Why? In its early days, additive manufacturing focused primarily on consumer intent rather than industrial value. Over the decades, the perception of the said technology has changed. Technology for 3D printing has grown to become a powerful tool not only for rapid prototyping, but it has developed into a useful mechanism for the fabrication of low-production end parts. Driven by the automotive and aerospace industries, engineers are exploring various ways to integrate 3D printing technologies into workflows. Automotive leaders like Bugatti have used AM to print some parts for flagship vehicles. Boeing and Airbus have also been using AM […]

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