Since the days of the assembly line, the automotive industry has been known for driving innovation by adapting to changing consumer needs and taking advantage of new technologies. Today, the future of the automotive industry is strongly connected to the innovative power of additive manufacturing and the many ways it can save time and money. SmarTech Publishing expects the overall automotive additive manufacturing market to reach revenues of $5.3 billion USD in 2023, with a growth to $12.4 billion by 2028.
How is this possible? Additive manufacturing drives innovation for automotive and other industries by working faster, cheaper, and more efficiently than traditional processes, allowing companies to produce everything from prototype parts to end products. Here’s what you need to know about additive manufacturing in the automotive industry, and what you can expect in the future.