{"id":17114,"date":"2019-10-29T14:50:21","date_gmt":"2019-10-29T14:50:21","guid":{"rendered":"https:\/\/www.3dnatives.com\/en\/?p=17114"},"modified":"2019-10-29T10:39:37","modified_gmt":"2019-10-29T10:39:37","slug":"metal-am-smartech-analysis-291020195","status":"publish","type":"post","link":"https:\/\/www.3dnatives.com\/en\/metal-am-smartech-analysis-291020195\/","title":{"rendered":"Metal AM to generate $228 billion worth of components over the coming decade"},"content":{"rendered":"

One of the industry\u2019s leading providers of analysis and consulting services for the AM market – SmarTech Analysis – has just published a new report on the state of metal additive manufacturing<\/a>. This report focuses on the production opportunities<\/strong> for this segment of AM. The consulting firm expects metal AM to generate $228 billion worth of components<\/strong> over the coming decade, a figure which clearly illustrates the enormous potential of this industry.<\/p>\n

Over the last seven years SmarTech Analysis has been collecting data and experience in order to provide a report that gives critical insight into the industries and applications which are currently driving metal AM. If you take Gartner\u2019s Hype Cycle<\/a> published at the beginning of this year, metal 3D printing was shown to be on the rise, the cycle predicted that by 2020 3D printed metals and alloys would become a critical element in supply chains for replacement parts in commercial, military and even some consumer markets. An analysis supported by SmarTech Analysis.<\/p>\n

Market Opportunities for Metal AM<\/h3>\n

The consulting company explains that it was essential to go beyond identifying the primary elements of the market, such as print technologies and resulting printing systems. They explain: \u201cAs metal additive technologies enter a more significant phase of production-oriented use<\/strong> where parts created are intended to enter service in marketable products or systems, a new opportunity analysis based on quantifying the production of parts by their intended use scenarios has become necessary in further assessing opportunities for growth and advancement<\/em>.\u201d<\/p>

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Designers are consolidating assemblies into fewer parts which can only be produced by additive manufacturing<\/p><\/div>\n

Shift From Prototyping to Production<\/h4>\n

The report predicts that excluding metal AM in the dental applications<\/a>, the rest of the metal AM industry will shift from a prototyping-dominant technology to a production component dominant industry by the end of 2022. This doesn\u2019t mean that prototyping applications will cease, however ultimately production applications will account for 60 percent of market value<\/strong> from all produced components annually by the end of the forecast period.<\/p>\n

Change in the Production Structure<\/h4>\n

Several trends are expected to impact the production structure of metal additive technologies over the coming decade. These include most significantly efforts in design for additive manufacturing – designers are increasingly modeling parts that can only be produced thanks to AM. In terms of efficiency and production-costs of individual technologies, it is expected that these will allow production to be scaled up, thanks in part to better material handling and post-processing<\/a>. It\u2019s predicted that that production costs associated with using metal AM will fall by 40 percent on average<\/strong>, per-part and by the end of the forecast period.<\/p>\n

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SmarTech anticipates that production costs associated with use of metal AM will fall by 40 percent on average, per-part, during the forecast period | Credits: EOS<\/p><\/div>\n

All in all, despite the challenges this market faces, SmarTech expects that metal AM will continue to gradually amass more and more production-oriented business cases, resulting in hundreds of billions of dollars in impact to the global manufacturing market over the next decade. You can find more information HERE<\/a>.<\/p>\n

What do you think of these predictions for the AM metal market? Let us know in a comment below or on our Facebook<\/a>\u00a0and\u00a0Twitter<\/a>\u00a0pages! Sign up for our free weekly\u00a0Newsletter\u00a0<\/a>to receive all\u00a0 of the latest news about 3D printing straight to your inbox!<\/p>\n

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One of the industry\u2019s leading providers of analysis and consulting services for the AM market – SmarTech Analysis – has just published a new report on the state of metal additive manufacturing. This report focuses on the production opportunities for…<\/p>\n","protected":false},"author":6064,"featured_media":17117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[3,1],"tags":[],"class_list":["post-17114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/posts\/17114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/users\/6064"}],"replies":[{"embeddable":true,"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/comments?post=17114"}],"version-history":[{"count":1,"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/posts\/17114\/revisions"}],"predecessor-version":[{"id":17120,"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/posts\/17114\/revisions\/17120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/media\/17117"}],"wp:attachment":[{"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/media?parent=17114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/categories?post=17114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.3dnatives.com\/en\/wp-json\/wp\/v2\/tags?post=17114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}