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The demand for 3D printed metal products in the aerospace and automotive industry has increased since 2014. Continuous advancements have led to the expansion in the variety of metals and technology used, for manufacturing 3D printed products. However, the metals employed in 3D printing are relatively expensive and have limited applications rather than those used in conventional manufacturing. Metals and metal alloys used for 3D printing come in the form of powder. Metals have higher strength, higher heat and thermal resistance, among other unique properties, however they are highly expensive as compared to other materials such as plastics, wax and ceramics. Metal 3D printing is a costly method as the metal printers use one or more powerful fiber lasers. Hence, industries need to control the cost and increase the range of metals that can be used for 3D printing, simultaneously maintaining the requisite standards. With the advancement of technology in the field of mass production and with the increased capability to use a broader range of materials, the cost for production is likely to go down. Also, with the research and development in technology, the availability of the range of metal and metal alloy powder has expanded. 

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The automotive sector is expected to register the highest growth rate for the 3D printing market. 3D printing, when used in the automotive sector, can reduce the cost of production and replace the critical Computer Numerical Control (CNC)-milled parts with in-house manufactured parts and can also manufacture end-use parts for automobiles. In addition, these 3D printed parts are light-weight, their weight is reduced by XX%, thereby increasing the fuel efficiency of automobiles. Furthermore, use of 3D printing technology reduces lead time, transportation cost and inventory costs.

View Complete Report: 3D Printing Market for Automotive and Aerospace Market  

The demand for 3D printing products varies according to various regions. The 3D printing market holds a prominent share in the automotive and aerospace industry of various countries of North America, Asia-Pacific (APAC), Europe, and Rest-of-the-World.

Related Reports:

Global 3D Printing Plastics Market – Analysis and Forecast, 2018-2023

Global 3D Printing Software & Services Market – Analysis and Forecast (2017 to 2021)

Global 3D Printing Plastic and Photopolymer Material Market - Analysis and Forecast, 2017-2023

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BIS Research is a global market intelligence, research and advisory company which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market over the next five (or ten) years. 

With over 150 market intelligence reports published annually, BIS Research focuses on various technology verticals such as 3D printing, advanced materials & chemicals, aerospace and defense, automotive, healthcare, electronics & semiconductors, robotics & UAV and other emerging technologies. 

Each research report incorporates detailed analysis and subsequent quantification of- market dynamics, market drivers and restraints, opportunities, threats, market shares, current and emerging industry trends as well as detailed competitive landscape and intelligence.

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