2023-03-01 – Desktop Metal (DM) “snippets” taken from CEO Ric Fulop during DM’s 2022Q4 Earnings Call Transcript
But amidst a dynamic backdrop, our long-term mission remains the same to enable mass production via AM 2.0 to cost effectively compete with conventional manufacturing. Globally, there is more than $16 trillion a year in manufacturing industry spend. With estimates projected in the additive manufacturing market to grow to $100 billion by the end of the decade, this still represents less than 1% penetration in overall manufacturing. We believe we are just scratching the surface for the market potential. And as we disrupt the overall AM market with our unique mass production technologies, expect a large arc of multi-decade growth for Desktop Metal.
Importantly, mass production is the fastest growing segment in the additive manufacturing space, because it unlocks benefits of lower cost production, onshoring and supply chain flexibility, inventory of one and part design possibilities unavailable through traditional manufacturing, among other benefits. Desktop Metal is the pure-play on the AM 2.0 mass production opportunity, just beginning to inflect.
Today, our installed base includes over 7,000 customers over a diverse set of end-use markets with little or no customer concentration risk, providing us an expansive set of customers through which we can drive both consumables’ revenue, up-sell and cross-sell of our platforms. We are also committed to protecting the competitive differentiation around Desktop Metal products. We have built a robust and defensible intellectual property portfolio at over 950 issued patents and pending applications and it’s one of the largest and most valuable IP portfolios in additive manufacturing. This is a snapshot of the company we have built today. We believe these proof points serve as validation of our ability to quickly disrupt the additive market again and quickly gain scale. We are building this business with a 20-year horizon. We are just getting started and our best days are ahead of us.
Desktop Metal has a massive long-term growth opportunity that we are just beginning to scratch the surface of. Our market is expected to grow at a compounded annual growth rate of over 20% to reach approximately $100 billion by the end of the decade and the trends supporting broad adoption of additive manufacturing remains solidly intact. Importantly, we believe we are the leaders in the fastest growing segment of the AM market, mass production. |
