Traditional auto parts manufacturers face existential threats from several directions. The electrification of transportation is already taking a bite out of their business due to the fact that electric engines require just 50-60 parts versus the 1,500-2000 components in an internal combustion engine. Now, the increasing adoption of 3D printing poses another threat, as car makers are beginning to work with tech companies to 3D-print vehicle parts.
Many do not realize the impact that additive manufacturing, also known as 3D printing, is already having on the automotive industry. According to a survey by Infosys, 66% of auto company respondents said 3D printing is currently utilized in their supply chains. Further, 68% said that it improves existing business operations . . .