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Automotive 3D printing Market Overview

Additive printing technology or 3D printing allows manufacturers to build models using a variety of printing materials. Though 3D printing technology is in its nascent stage in automotive sector, the automotive 3D printing Market is expected to gain traction in the coming years. The reduction in lead time as well as costs would drive the adoption of automotive 3D printing for prototyping and manufacturing complex parts.

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The materials used for automotive 3D printing include various types of polymers, metals, ceramics, and others. The selection of printing material depends on the traits expected from printed object. There are certain 3D printers that print models using multiple materials simultaneously according to requirements, thereby making the manufacturing process easier. The applications of 3D printing have increased rapidly, since it offers greater speed with higher precision and finer resolution.

The automotive 3D printing market is primarily driven by increase in need to manufacture complex designs within a short span of time accompanied with the desire to utilize resources efficiently. The use of 3D printing during initial stages of production is beneficial, as designers can identify errors or defects from built prototype; thereby ultimately reducing the production time and operational cost. Other factors that fuel the automotive 3D printing market include manufacturing of customized parts, reduction in human error, depletion in cost and time of production, and higher resolution. However, high printing cost and unavailability of skilled labor are some important factors that restrict the growth of the automotive 3D printing market.

Mass Customization
Customization makes businesses a lot of money in almost every industry and this is certainly true when it comes to the automotive sector. Drivers want their car to look unique and they have no problem paying for this privilege. With 3D printing, automakers can now offer much more unique finishes and touches to customer vehicles while saving time and money. These offerings open up a new profit stream and extend the marketing reach for automakers. 3D printers can produce parts in many shapes and sizes, giving automakers a massive scope when it comes to producing customized automotive parts. Honda and Ford have already started producing custom light surrounds, switchgears, badges and much more. With the cost and time savings involved in 3D printing custom auto parts, expect to see many more automakers adopt the technology in the near future.

3D printing has numerous advantages and implications for the entire automotive industry:

1. Accelerates Production Time
Additive manufacturing provides an autonomous production process. After designers and engineers feed their CAD files, 3D printing occurs with no human intervention and thus, prevents loss of time due to human limitations.

2. Increases Design Flexibility
3D printing provides endless design possibilities. Automotive manufacturers can develop more customized features, lightweight structures, detailed geometries, and multi-material parts similar to the LM3D’s carbon fiber reinforced plastic.

3. Reduces Risks
3D printing provides manufacturers with more accurate forecasting, capacity planning and delivery timing. Automakers aim to achieve the highest grade of predictability in order to deliver their vehicles and parts on time - AM reduces the risk of storing excess idle stock or even depletion.

4. Eliminates Suppliers
With 3D printing, auto manufacturers can produce at the end of the supply chain and cut out numerous suppliers. Parts no longer have to be assembled through numerous component suppliers; this significantly decreases costs and the dependence on suppliers.

5. Supports Environmental Sustainability
AM technology helps the environment in numerous ways. First of all, materials used for 3D printing are fully recyclable. Second, compared to the traditional process, 3D manufacturing requires a considerably less amount of electricity. Third, automakers drastically reduce their carbon footprint by eliminating the need for trial and error to produce multiple designs. With AM, automakers create designs on a computer, make adjustments and then simply print it.

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Conclusion
Additive manufacturing has substantially and irrevocably disrupted the automotive industry in how cars are both designed and developed. Automakers that have adopted 3D printing have improved their product development process in a way that no other technology has. Auto parts produced using AM technology reduce vehicle price tags and provide faster product development, lighter vehicles and custom features. However, like with any form of technology, notable challenges do exist which include:

Equipment costs
Lack of expertise and trained human capital
Inaccuracy from build to build
Legal issues (AM designs can only be patented, not copyrighted)
Inability to produce large singular parts
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