With a drop in material and machine prices, advanced software integration and faster printing, 3D printing could potentially revolutionize automotive production, supply chain and the aftermarket, according to Frost & Sullivan.
The application scope of 3D printing technology is currently restricted to the production of extremely low volume parts and production tooling, the firm says. This is mainly due to the high costs of the machinery and raw materials, slow printing speeds and reduced levels of software optimization.
New analysis from the firm finds that the technology will generate $4.3 billion from the automotive industry by 2025, and achieve deeper penetration in automotive production and the aftermarket. As a result, 3D printing could deliver substantial savings to manufacturers, suppliers and consumers.