Coconote
AI notes
AI voice & video notes
Export note
Try for free
Additive Manufacturing Industry Insights
Aug 21, 2024
Additive Manufacturing Industry Overview
Pre-2020 Growth
Additive manufacturing industry growth averaged
27.4% year-over-year
before 2020.
Impact of COVID-19 Pandemic
Global supply chains stalled, affecting production quotas.
Manufacturers leveraged 3D printing for:
Face shields
Masks
Nasal swabs
Ventilator parts
2021 Industry Recovery
Wohler's Report 2021: Industry grew
7.5%
, reaching
$12.8 billion
in 2020.
3D printed parts production increased significantly to combat pandemic challenges.
3D Hubs 2021 report:
34% increase
in engineering firms using 3D printing for functional parts compared to 2019.
Key Growth Areas
Largest increases in sectors:
Biotechnology
Transportation
Automotive
Major Investments and Innovations
GE
: Invested over
$3 billion
in additive manufacturing, using it in products like:
Jet engines
Medical devices
Home appliances
Boeing's Dreamliner 787
: First commercial aircraft using 3D printed parts, saving
$2-3 million
per plane.
On-demand spare parts reduce operational downtime and costs.
Case Studies
Etihad Airlines & Big Rep
: Partnership in 2020 for on-demand part printing.
Open Hand Project
: Prosthetic hands produced for
$1,000
, compared to
$100,000
normally.
HP & Redington 3D
: Produced
120,000 ventilator parts
for Agva Healthcare in India quickly during the pandemic.
Challenges in Additive Manufacturing
Cost of Industrial Machines
: Ranges from
$100,000 to $5 million
for metal part production.
Material Costs
: 10-100 times higher than conventional manufacturing, affecting high-volume production.
Software Development
: The gap between hardware and software is evident; current software is inefficient, leading to production gaps.
Role of Artificial Intelligence (AI) and Machine Learning
AI is crucial for future growth in additive manufacturing:
Enhances material development and part design.
Optimizes workflows and production processes.
Benefits of AI in Manufacturing
AI technologies can process data faster than humans, improving efficiency:
Generative Design
: AI can autonomously design parts free of traditional manufacturing limitations.
Inspection & Quality Control
: AI systems can predict material behavior and spot defects during production.
Example:
Inkbit
: AI-based vision system scans 3D printing layers, predicting material behavior.
Efficiency Gains
AI can potentially cut production time from
30 minutes to seconds per job
.
Improves printer utilization, material selection, and defect detection.
Reduces need for specialized knowledge and helps automate processes.
Conclusion
Incorporating AI in additive manufacturing can position it as the
manufacturing solution of the future
.
📄
Full transcript