Additive Manufacturing Strategies

Metal 3D Printing to Yield $50B in Parts by 2030

ST Medical Devices

Share this Article

SmarTech Analysis has some bold numbers for the metal additive manufacturing (AM) market. The leading firm dedicated to 3D printing market analysis and consulting has projected that the segment for metal 3D printed parts will reap $50 billion annually by 2030.

In its latest iteration of a flagship research product, the “Metal AM Parts Produced 2021 report, the firm again looks at the production volumes of metal 3D printed components and the resulting market values. The report includes a database of metal AM market projections for metal AM parts ranging from prototypes, tools, and tooling to end-use production components. These items span eight major industries and dozens of part categories, such as aircraft and helicopter engine parts in aerospace to nuclear reactor components in the energy sector.

Source: SmarTech Analysis.

SmarTech notes how the supply chain disruptions caused by COVID-19 brought global attention to AM once more. As a digital manufacturing technology, it has been seen as a possible method for overcoming obstacles related to centralized manufacturing. In turn, according to the market research firm, the metal AM market is undergoing a new evolution.

At the same time, all manufacturers, including metal AM providers, have had to handle the issues associated with the pandemic. This hit the dental industry in particular, SmarTech noted, saying “almost all activity halted for between four to seven weeks of the year, and was depressed for nearly the entirety of the rest of the year after early healthcare lockdowns ended.”

A350 titanium cable mount on the front spar of the vertical stabilizer made with EOS 3D printer. (Image courtesy of EOS.)

Nevertheless, there is robust investment in metal 3D printing adoption and development. SmarTech concluded that the tooling segment saw increased activity in 2020, with service providers and “advanced users of AM for tooling production” relied on metal 3D printing as a stopgap measure in production stops and delays caused by the pandemic. Moreover, aside from the dental industry, end-use part production for metal AM increased throughout 2020.

Other analyses found in the report include the fact that, while metal powder bed fusion will continue to be used most often for production in the next few years, bound metal printing, particular metal binder jetting, will be widely adopted for production by the end of the projection period. Specifically, these technologies will be used mainly for steel, nickel and titanium and will be leveraged for production. We can already see that foreshadowed by Ford and Volkswagen, which have both announced the use of metal binder jetting for end part production.

From left to right, a drone coupling, a fuel injector nozzle, and a telescope focus ring 3D printed in titanium with the Studio System 2. Image courtesy of Desktop Metal.

From left to right, a drone coupling, a fuel injector nozzle, and a telescope focus ring 3D printed in titanium with the Studio System 2. Image courtesy of Desktop Metal.

In this author’s opinion, this is one of the most interesting report series from SmarTech, as it tells us, using a variety of metrics, how many and what types of parts are being made with metal AM, the technology segment that reveals the most about the adoption of 3D printing for end part production. This latest issue breaks down the bound metal technology area into metal binder jetting and bound metal extrusion. It also divides application categories into specific part opportunities, revealing what value there is in each industry use case.

The state of AM overall will be discussed in more depth at the upcoming SmarTech – Stifel AM Investment Strategies 2021 summit on September 9, 2021. The half-day online event focused on 3D printing market activity is free to attend. Register at the summit website here.

Share this Article


Recent News

Kornit Digital Buys Tesoma, Expanding Digital Textile Production

Customized Vehicles, On-Site Medical 3D Printing, and Green Lasers—All at TIPE 2022



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing People: A Dialogue Beyond Industry at TIPE 2022

Women in 3D Printing (Wi3DP) has pulled off another virtual event show coup. After an immensely successful inaugural event in 2021, the non-profit has hosted an even bigger 2022 event. And...

3D Printing Webinar and Event Roundup: January 16, 2022

We’re back in business this week with plenty of webinars and events, both virtual and in-person, starting with the second edition of the all-female-speaker TIPE 3D Printing conference. There are...

Women in 3D Printing’s Posts Agenda for TIPE Conference and Virtual Career Fair

This January 18-20, Women in 3D Printing (Wi3DP) is back for the second time in a row with its TIPE 3D Printing Conference and Virtual Career Fair. Like its inaugural...

Ford and Czinger to Give Automotive 3D Printing Keynotes at AMUG 2022

As the 2022 AMUG Conference approaches, the Additive Manufacturing Users Group (AMUG) has announced its keynote speakers. Headlining the event, set to take place in Chicago, Illinois from April 3-7, are Kevin...


Shop

View our broad assortment of in house and third party products.