Metal AM to generate $228 billion worth of components over the coming decade

One of the industry’s 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 this segment of AM. The consulting firm expects metal AM to generate $228 billion worth of components over the coming decade, a figure which clearly illustrates the enormous potential of this industry.

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’s Hype Cycle 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.

Market Opportunities for Metal AM

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: “As metal additive technologies enter a more significant phase of production-oriented use 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.”