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The automotive industry is one of the most primed areas to experience the technological benefits of additive manufacturing. Advances in the overall capability of 3D printing and the additive industry over the last decade have transformed the ways in which cars are designed, developed, and manufactured.
The automotive 3D printing market is growing as a result. A report from Allied Market Research states that the industry is likely to reach $2.73 Billion by 2023. That’s coupled with a compounded annual growth rate of nearly 20% (19.7) from 2017 to 2023.
This financial data underscores the significance and potential of the automotive 3D printing industry and demonstrates the additive’s sheer potential to innovate. Notably, 3D printing allows automotive engineers and designers easier prototyping and tooling, research, and development, and quickens the product innovation cycle.
However, 3D printing still has its drawbacks, such as scalability, cost, and available materials. With these problems rapidly being addressed, there’s hope that further industry use will be garnered in the years to come. As we survey the 3D printing and additive manufacturing industry within automotive, let’s take a look at the most recent developments in the field.
Local Motors, an innovative vehicle manufacturer in Arizona, recently installed a composite 3D printer for use in one of their Microfactories. The printer, a Thermwood LSAM, is considered to be the largest in the world, spanning 10 ft by 40 ft. Local Motors is using this massive 3D printer to create components for its Olli autonomous 3D printed bus. You can see a video of this bus below.
https://www.youtube.com/watch?v=9joEsWiYFEI