Additive Manufacturing is a highly dynamic and innovative industry. This leads to start-ups that form the technology landscape. Emerging mostly from university background, start-ups are most active in area of system development. Other fields include software, materials and applications.
The metal Additive Manufacturing material market is expected to more than triple from 2019 to 2024. Most of the alloy consumption in AM is driven by high end applications in aviation and medical. Thus, high performance and high temperature alloys are taking large shares.
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Various industries have successfully adopted metal Additive Manufacturing. Medical and dental have fully embraced the technology and exploit its potential in daily serial production. The AMPOWER Report clusters industries into the categories of “Aerospace, Turbines, Helicopters” which also includes defense and space activities, “Automotive, Motorsports, Trucks, Buses”, “Energy, Powerplants”, “Medical, Dental”, “Tooling, Molding”, “Mechanical Engineering, Automation”, “Oil and Gas” and “Others”. The following chapter will describe the metal Additive Manufacturing market from the perspective of these verticals.
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Over 18 different metal AM technologies are currently known and all at different stages of technological and industrial maturity. This section evaluates important characteristics describing the state of the industrial use of metal AM today and in the future.
Processes such as Powder Bed Fusion or Powder Laser Deposition are well-established in multiple industries. PBF for example is used in qualified productions of end use parts for dental industry since almost two decades. Other AM technologies have just been introduced into the market or are still in a phase of development and prototype set-up.
To describe the use of metal AM in the industrial production environment, several performance indicators are assessed. This includes utilization, type of products and batch sizes as well as the maturity index.
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Currently 18 different metal Additive Manufacturing technologies are commercially available. Many of them in an early market penetration stage looking for fast growth and increasing market share. Powder Bed Fusion, by far the most common technology, however, looks back on a challenging year with stagnation of sold units. Powder Bed Fusion continues to lead in terms of installed and sold machines. Having the highest maturity index, PBF is used as production technology throughout all verticals. However, in 2019 the number of sold units stagnated. Meanwhile other metal AM technologies such as Direct Energy Deposition came into the buyers’ focus. Consequently, the installed base of DED machines significantly increased over the last year.
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At the early days of metal Additive Manufacturing, Germany was the leading market region with its first movers in LB-PBF technology CONCEPT LASER (now GE), EOS, REALIZER (now DMG MORI) and SLM SOLUTIONS. Hence, many pioneering users were located in Germany and Europe. By now, however, the market share is more evenly distributed with suppliers and buyers from all over the major industrial regions of EMEA, AMER and APAC.
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Additive Manufacturing experiences massive growth and is considered to be one of the key technologies on the path of digitalization and industry 4.0. The ability of manufacturing parts directly from a CAD file is creating high expectations in the market. Nevertheless, the metal Additive Manufacturing market size is still a niche compared to other manufacturing technologies. Currently, the market is valued at about EUR 2.02 billion with a projected growth of CAGR 27.9 %.
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