Growth areas and market potential in Additive Manufacturing

Many industrial applications for Additive Manufacturing have been developed over the last five years or so. Industries such as aerospace, automotive and medical are embracing the advantages of AM and implementing the technology successfully.

Growth areas and market potential in Additive Manufacturing

The global value of AM products and services (all materials) is expected to grow considerably (Source Wohlers Report 2013)

Whether as a replacement for existing production methods on economic grounds, or because of the ability to produce components that have up until now been impossible, it is clear that AM will certainly have an impact on the future of manufacturing.

The growth in the Additive Manufacturing industry is predicted by many to be rapid and substantial, as more companies develop production equipment, more materials become available and more end-user industries adopt the technology. The global value of the industry is currently estimated to reach over $10 billion by 2021.

A regional breakdown of the introduction of metal AM machines published in the 2012 Wohlers report shows that the industry is a truly global one. Governments throughout the world have identified AM as a growth industry and are funding research projects to further develop the technology.

 

fig14

Global share in terms of the number of metal powder Additive Manufacturing machines introduced (Source Wohlers Report 2012)

 

Metal AM offers new possibilities, not only in the design, but also in the choice of materials. For example, the technology is particularly attractive for the processing of advanced materials such as titanium, where conventional processes can be prohibitively expensive. This is also the case for a number of alloys which can only be manufactured under high cooling rates.

The list of potential applications for AM is extensive. The development of components for use in transportation, in which lightweight engineering plays an important role as an enabler for better mass distribution, is just one example.

The ability to produce customised products for the individual has already been demonstrated in the medical and orthodontic sectors, but this flexibility could offer huge potential in the consumer goods market. Production lines implementing manufacturing on demand could also be created using layer based technologies.

For a better acceptance of AM some barriers need to be overcome, namely application knowledge, standards and norms for material quality.

Despite the huge potential that Additive Manufacturing offers, it is unrealistic to think that current manufacturing methods will all be replaced with AM. The vision of one machine producing any shape with unlimited material variations is highly unlikely. Growth will be seen in opening new horizons and enabling the manufacturing of components that were not possible before.

 

Next page: Summary and outlook

Download the latest issue of Metal AM magazine

Our latest issue is now available to view online or download in PDF format.

As well as an extensive AM industry news section, this 196-page issue includes articles and reports on:

  • Siemens: Digitalisation enables the industrialisation of metal Additive Manufacturing at Finspång
  • GKN Powder Metallurgy: Moving metal Additive Manufacturing towards mass production with HP
  • Conformal cooling: How AM is increasing efficiency and quality in the injection moulding industry
  • EOS: Developing metal Additive Manufacturing for a truly digital factory
  • Metal Additive Manufacturing in China: An overview of systems manufacturers
  • Binder Jetting and FDM: A comparison with Laser Powder Bed Fusion and Metal Injection Moulding
  • Additive Manufacturing: Myths, misconceptions and untruths
  • Metal Additive Manufacturing: A simulation provider’s perspective
  • AMPM2018: Process parameter control, corrosion resistance and feedstock extrusion highlighted
  • > More information

Latest news

    E-newsletter

    Sign up to our e-newsletter, sent weekly to AM professionals and end-users around the world. We'll also let you know each time a new issue of Metal AM magazine is available.

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:
    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news
    All past issues are available to download in PDF format, in either single page format or as double-page “spreads” for viewing on large monitors. All downloads are free of charge. Go to archive...

    Connect with us

    Visit our social media channels and sign up to our e-newsletter