- Additive manufacturing for automotive production expected to reach nearly $10 billion in yearly sales by 2030
- Forecasts based primarily on automotive 3D-printing, end-use parts production
- SGLB’s proprietary, real-time, computer-aided, inspection technology enables nondestructive quality assurance during production process
Forecast to see explosive growth in the automotive industry by the year 2030, additive manufacturing (3D printing) provides numerous benefits to auto manufacturers. Much of the anticipated growth is expected to come from end-use parts production, an area where Sigma Labs Inc. (NASDAQ: SGLB), the only known producer of quality assurance software for the commercial 3D-printing industry, may provide significant advantages.
A recent 3D Printing Media Network article by Davide Sher reported that “all revenue streams associated to AM for automotive production (not including prototyping) are now expected to add up to nearly $10 billion in total yearly sales by the end of this decade.” This graph illustrates the…
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