AM in 2024: Latest Technologies, Showcase Applications, and Increased M&A Activity
In 2024, experts in the field of additive manufacturing (AM) predicted that new technologies, showcase applications, and M&A activity would dominate the industry. While these themes did play a significant role throughout the year, it was often the product launches, market consolidation, and industry insights that captured the attention of audiences.
As we look back on the past 12 months, we see a diverse landscape within the AM industry. Some companies were gaining momentum while others faced uncertainty. One brand, in particular, experienced a resurgence from near closure in the summer to a successful revival in the winter.
Printed parts were growing in size, workforces were shrinking, and discussions around AM technology were becoming more nuanced. The pervasive mix of belief and skepticism, hope and cynicism, speculation, and certainty highlight the paradoxical nature of the industry’s future.
The roots of advancement in AM often lie in quiet progress rather than headline-grabbing news. Despite this uncertainty, there is ample reason to be optimistic about the future of AM technology moving forward.
The year began with significant industry developments and product launches, setting the tone for what was to come. For example, GKN Aerospace announced a substantial investment in sustainable 3D printing technology, balancing out some of the challenges faced by other companies in the AM sector.
Mergers, acquisitions, and technology launches were also prevalent throughout the year. From Align Technologies’ acquisition of Cubicure to MIT researchers’ rapid liquid metal 3D printing technique, the industry saw a variety of advancements and collaborations.
As the months progressed, AM companies continued to innovate and adapt to changing landscapes. GE Aerospace, for instance, made additional investments in additive manufacturing, highlighting the importance of the technology in the aerospace sector.
Similarly, Stratasys acquired Arevo’s carbon fiber 3D printing IP to enhance its offerings, while BMW announced plans to use wire arc additive manufacturing for vehicle production.
Overall, the past year showcased the resilience and adaptability of the AM industry, as companies navigated challenges and seized opportunities for growth and innovation. The future of AM remains uncertain, but there is no shortage of reasons to remain optimistic about the technology’s potential impact on various industries.
