According to Global Industry Analysts, by 2020, the global market for this emerging technology is expected to reach $9.6 billion, the organization reports. As 3D printing becomes increasingly efficient and affordable, companies are employing it for manufacturing applications in everything from aerospace to education to medicine.
Ford believes 3D printing could bring immense benefits for automotive production, including the ability to produce lighter-weight parts that could lead to greater fuel efficiency. A 3D-printed spoiler, for instance, may weigh less than half its cast metal counterpart.
The technology is more cost efficient for production of low-volume parts for prototypes and specialized racecar parts. Additionally, Ford could use 3D printing to make larger tooling and fixtures, along with personalized components.
