The AM industry has undergone a remarkable transformation in this decade. We initially experienced a period of unparalleled growth, driven by technological breakthroughs; the AM market grew steadily and was expected to continue to record double-digit growth rates in the following years. Then came the coronavirus pandemic, which presented us with unprecedented challenges, but also demonstrated the flexibility and innovative power of our technology. Today, we are in a phase of consolidation and realignment. The market is maturing and we are seeing an increasing professionalization and industrialization of additive technologies.
This development is naturally accompanied by challenges. Competition is intensifying, cost pressure is increasing and it is becoming more difficult to raise money on the capital market. At the same time, exciting new opportunities are opening up, for example through new materials, applications or innovative business models.
I therefore look to the future with confidence. Additive manufacturing has the potential to significantly advance the industry in many areas by supplementing and, in some cases, even replacing traditional manufacturing processes in numerous industrial sectors. We show you some examples in our Formnext Magazine, including those from the world of 3D printing of ceramics and the aerospace sector. At the same time, we look at the industry's efforts towards cross-company cooperation and industrialization.
After ten years, Formnext has also overcome many challenges and has grown up. Achievements that I, together with the entire Formnext team, am proud of. At the same time, I am sure that the next ten years will be no less exciting. I look forward to overcoming the impending challenges together with you and making the most of the opportunities that lie ahead. Let's continue to successfully shape the future of additive manufacturing together!
Ihr Christoph Stüker
Vice President Formnext