Do you think 3D printing industry will continue to grow?

A SmarTech Analysis report estimates that composite 3D printing will grow into a nearly $10 billion business within the next decade. Within this timeframe, end-use parts are expected to become the largest revenue opportunity.

How will 3D printing impact the future?

3D printing, or additive manufacturing, has the potential to democratize the production of goods, from food to medical supplies, to great coral reefs. In the future, 3D printing machines could make their way into homes, businesses, disaster sites, and even outer space.

What is the impact of 3D printing technology?

Reduce complexity and improve time-to-market – 3D printing technology consolidates the number of components and processes required for manufacturing. This will have a significant impact on global supply chains, decreasing complexities, saving on production costs, enhancing lead times and improving time-to-market.

Is 3D Printing Technology Improving?

There have been equal improvements in software, quality management, design thinking, and new business models that enable 3D printing to be scalable for production. With this new thinking, multiple machine and molded parts can be designed into one complex, lower cost, 3D printed part.

Is 3D printing the future of manufacturing?

While 3D printing may not be taking over the entire manufacturing industry just yet, analysts predict there will be a great deal of growth and the market will be worth 32.78 billion USD by 2023. Analysts have predicted the 3D printing industry will be worth 32.7 billion USD by 2023.

Why is 3D printing an emerging technology?

Along with other emerging technologies such as virtual reality, 3D printing offers the potential to significantly change existing standards of teaching, diagnosis, and treatment of complex medical conditions.

How can 3D printing help the world?

3D printing will be used to create anatomical structures in cell cultures to imitate the growth of human organs. It will save countless lives by allowing faster transplants, compatible without the need of lifelong anti-rejection treatments.

How will 3D printing affect manufacturing?

As technology in 3D printing has improved, the ability to make larger items as well as more detailed objects has become more commonplace. Some manufacturers are using 3D printing technology to make lighter airplane parts, custom prosthetic devices, as well as small-scale models used to prototype and test new designs.

Why 3D printing is important?

3D printing is useful to architects for creating mockups and to mechanics for creating tools. 3D printing is an innovation which fuels more innovation. 3D printing is inexpensive prosthetics, creating spare parts, rapid prototyping, creating personalized items and manufacturing with minimum waste.

How is 3D printing innovative?

3D printing is an innovation that enables individuals all over the world to design their own custom products. Offering efficiency, customizability, and accessibility to affordable production, 3D printing is changing the dynamics of how we make things.

What is the future of the 3D printing industry?

Metal 3D printing will continue to mature 8. Composite 3D printing will offer a huge market opportunity 9. Automation will become a key focus for the industry 10. The additive manufacturing landscape will become more competitive

What is driving the growth of SLS in the 3D printing market?

Leading automotive companies have increasingly utilized SLS 3D printing technology into EVs, which is expected to increase the demand globally, thereby driving the growth. Furthermore, the market is witnessing a significant number of mergers and acquisitions, complementing the growth of SLS in the 3D printing market.

Which region is expected to dominate the 3D printing market?

The North American region is expected to dominate the 3D printing market as the region has dominated when it comes to technology adoption. According to the 3D printing Sentiment Index conducted by a desktop 3D printing company, Ultimaker, in November 2019, the United States leads as the most advanced country in 3D printing.

How can governments accelerate the adoption of 3D printing?

Governments worldwide have already started investing in R&D on 3D printing, which has had a positive impact on technology propagation and adoption. For instance, the Dutch government spent an additional USD 150 million in 3D printing-related research and innovation.