Report: 3-D Printing to Top $4 Billion in Automotive by 2025
Jan. 11, 2016—New analysis from Frost & Sullivan on 3-D printing finds that new technology will generate $4.3 billion from the automotive industry by 2025, and achieve deeper penetration in automotive production and the aftermarket.
"Even though cheaper raw materials and technological enhancements will boost the uptake of 3-D printers, issues such as patent liability, product defects and patent infringement will persist," said Viroop Narla, a research analyst from Frost & Sullivan Mobility Research. "Furthermore, comprehensive training as well as expensive data and communications systems, will be required to maximize 3-D printers' operational efficiency, decrease data loss, minimize corruption and theft."
New companies are developing 3-D printing technologies and partnering with established companies to achieve technological advancements and shrink development times.
"Innovative materials such as carbon fiber, metal powders and titanium are expected to radically improve the mechanical, chemical and thermal characteristics of printed products," said Narla. "Additionally, machines with a focus on quality and better manufacturing processes will lower post-processing requirements by generating products with superior tolerances and surface finish details."