Additive manufacturing boasts certain unprecedented advantages for the manufacturing industry. While it started out primarily for prototyping, additive manufacturing can be used for end part production when the most complex geometries are required. Similarly, AM can be used to achieve a level of customization not imagined before, thus resulting in bespoke products. This has a direct impact on the efficiency of the part and of the overall system.
Additionally, the 3D printing technology is a less-waste technology saving material costs as well as associated logistics, storage and warehousing costs.
Due to its on-demand manufacturing capability, 3D printing is also suitable for spare parts management, thus decreasing the dependence on investing in huge warehousing facilities. Any spare part needed can be manufactured on demand.
Finally, 3D printing has the ability to incorporate data and new-age technologies like artificial intelligence and machine learning into the manufacturing, digitizing the manufacturing capability. This helps in improving the efficiency of manufacturing, identifying the flaws and building self-correcting systems.