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Industrial AM lasers to generate $870 million in revenues by 2024 3D Printer Hardware

According to a newly issued report from SmarTech Analysis, the additive manufacturing (AM) industry will utilize almost $350 million worth of industrial lasers by the end of 2019. The bulk of AM lasers related revenues is coming from laser sales for SLA and PBF machines. SmarTech’s report projects that in 2024, AM laser revenues are expected to grow to $870 million in revenues and go on to reach almost $1.2 billion by 2028.