SGLB is in an enviable position with a market projected to exceed $2 billion, based on just the estimated number of 3D metal printers shipped in the past few years. What's even more striking is that there is no known competition for that $2 billion market. Sigma Labs appears to be the sole provider of real-time, in-process, quality-control software for the metal additive manufacturing market, capable of running on the majority of metal printers in the market, on single, dual, or quad laser machines. Beyond the huge existing market, 3D printing is booming, projected to grow at a CAGR of 32.5% from 2019 to 2024, and Sigma should be able to ride the crest of that wave as well.
A large untapped market in search of solutions, a significant technological head start, strategic partnerships and alliances in place, multiple patents already awarded with more pending and the sole provider with significant barriers to entry from competition — Sigma Labs looks to be more than ready to launch commercialization and certainly appears capable of delivering the type of rewards investors dream about.
Recognizing Opportunity and Potential
Materialize NV (NASDAQ: MTLS) is a longtime leader and giant in the 3D-printing industry. The company focuses on building software systems for additive manufacturing and has one of the largest single-site additive service centers. Materialize's growth strategy and business model is built on creating an open system that integrates with many hardware and software vendors.
Ansys Inc. (NASDAQ: ANSS) offers a complete simulation workflow for AM that allows the transition of R&D efforts for metal additive manufacturing into a successful manufacturing operation. Ansys has a rich history in the development and marketing of engineering simulation software and services. Its product portfolio includes ANSYS Workbench, ANSYS Engineering Knowledge Management, computing product suite, geometry handling solutions and meshing technology.
Software giant Autodesk Inc. (NASDAQ: ADSK) develops applications for various industries including construction, engineering, architecture, media, manufacturing and product design; 3D printing is an integral part of its business. The company's software is mainly used for complex simulations and visualizations. ADSK makes 3D software tools for almost every industry, encompassing rapid prototyping, industrial manufacturing, architecture and more.
HP Inc. (NYSE: HPQ) is best known for hardware and 3D-printing machines, although the company also creates 3D-printing software. The development of HP 3D Process Control, a new HP software solution aims to assist customers in optimizing 3D-printing performance to meet the quality requirements of final part manufacturing. Referencing metals 3D printing technology, Weisler said, "We are in the midst of a digital industrial revolution that is transforming the $12 trillion manufacturing industry."
With the availability of critical quality-control systems now in place, the untapped potential of 3D metal printing looms large on the manufacturing horizon.
For more information about Sigma Labs, visit Sigma Labs Inc. (NASDAQ: SGLB ).
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