How many types of production strategies are there?

Manufacturing production processes can be broadly classified into three main types (1) Make to Stock (MTS), (2) Make to Order (MTO) and (3) Make to Assemble (MTA).

How popular is additive manufacturing?

Overview: The Current State of the Additive Manufacturing Industry. The 3D printing market, with sales of $6 billion in 2017, is projected to grow at a compound annual rate of 30.2% to reach a total market size of $22 billion by 2022. 3D printing has been ubiquitous in prototyping and product development for decades.

What is the future of 3D printing in manufacturing?

Prototyping, which is what 3D printing has been traditionally used for, is expected to grow from $4.4 billion to nearly $10 billion. The largest overall value, however, will likely occur in 3D printing's other primary use: molds and tooling. They will grow from 2020's value of $5.2 billion to $21 billion by 2030.

Which technology is booming now?

Artificial Intelligence (AI) and Machine LearningArtificial Intelligence, or AI, has already received a lot of buzz in the past decade, but it continues to be one of the new technology trends because of its notable effects on how we live, work and play are only in the early stages.

What is the job outlook for additive manufacturing careers?

What's the outlook for additive manufacturing engineers and the field as a whole? According to the U.S. Bureau of Labor Statistics, employment of industrial engineers is projected to grow 10 percent from 2019 to 2029, faster than the average for all occupations.

How could additive manufacturing support the idea of the smart factory?

Automated manufacturing with additive manufacturing increases design freedom across many industries, including consumer-driven markets. Without tooling and less overhead labor outsourcing to a smart factory can accelerate products from design to high volume manufacturing while reducing risk.

Why additive manufacturing is important?

Additive Manufacturing Removes Limits on DesignParts may not exit molds cleanly. And milling costs skyrocket when you remove material from multiple directions. The lattice structures in this design will save material and weight but wouldn't be economical to produce with traditional manufacturing methods.

What is the fastest additive manufacturing process?

DED is one of the fastest metal additive manufacturing methods available, and the melting/cooling process creates dense, usable end parts. This method is also popular for part repair operations.

What materials are used in 4D printing?

4D printing technology makes use of materials such as single shape memory polymers, liquid crystal elastomers, composite hydrogel, composites, multi-material, and other multifunctional material because of their thermomechanical properties and other material properties.

Why was additive manufacturing introduced?

Metal Additive Manufacturing, or 3D printing, offers the possibility to produce complex parts without the design constraints of traditional manufacturing routes.
rapid prototyping and additive manufacturing