3D printer and additive manufacturing companies are scaling up, raising capital and consolidating for good reason: There’s a boom coming.
“Here’s where we are in terms of global adoption. Manufacturing is a $12 trillion market. Additive at the end of last year was $12 billion. So, it’s 0.1% penetration. This is like being in the semiconductor industry in the early 70s,” said Desktop Metal CEO Ric Fulop.
Also consider that additive manufacturing played a key role in the supply chain during the COVID-19 pandemic, but 3D printing could have had a much larger impact. If countries need to keep manufacturing within their own borders, grow jobs and have a lower impact on the environment 3D printing is going to have to scale up.
Wall Street is noticing the additive manufacturing potential.
The scale-up efforts of 3D printing companies are starting to pile up. Consider the following developments.
Simply put, 3D printing and additive manufacturing is going to be among the tech industries to watch in 2021. The competitors are all eyeing that manufacturing renaissance that’s going to be increasingly digital.
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