Skip to main content

The Expanding Market for 3D Printing Technologies

An increasing trend toward personal manufacturing and small scale production is leading to incremental growth for three-dimensional (3D) printing technology across the globe.

Furthermore, there has been an increase in interest with the development of heterogeneous material manufacturing capability, according the latest worldwide market study by Frost & Sullivan.

Significant new opportunities have emerged with prototyping technologies, with 3D printing gaining momentum across various industries -- from printing a mobile phone cover to reconstructing human organs.

Emerging as a technology of choice for a wide range of applications, 3D printing is expected to increase its market share rapidly by about 40 percent during 2015.

Frost & Sullivan finds that personal manufacturing and small scale production is already starting to pave the way for further 3D printing adoption. Plus, combined with the automobile and aerospace industries, consumer goods manufacturing and healthcare industries, these established segments offer immense scope for the emerging new printer technology.

"3D printing brings several performance and efficiency advantages to the table that translate into high quality; far greater than what can be achieved through conventional manufacturing," said Jithendranath Rabindranath, research analyst at Frost & Sullivan.

Therefore, organizations are embracing various approaches to expand the applicability of 3D printing, accelerating market uptake -- especially in the Asia-Pacific and North America regions.

That said, the validity of the technology for large-scale systems and physical object manufacturing has not been clearly demonstrated. And, the initial cost of establishing a rapid prototyping service is expected to be a significant barrier, based upon current estimates of the required investment and modest production volumes.

Nevertheless, companies across the 3D printing value-chain will benefit from the reduction in the amount of tooling and process steps, which should help to reduce costs. It will also significantly minimize inventory and lead times, which is a defining factor for manufacturing companies.

"With burgeoning market potential and growing funding, the 3D printing ecosystem is taking shape," concluded Rabindranath. "The contribution of multiple industry participants such as confederations, research labs, universities, start-ups, and established firms will further quicken the development and commercialization of 3D printing technology, products, and services on a global scale."

Popular posts from this blog

Software-Defined Infrastructure: The Platform of Choice

As more organizations adapt to a hybrid working model for their distributed workforce, enterprise CIOs and CTOs are tasked with delivering new productivity-enabling applications, while also seeking ways to effectively reduce IT cost, complexity, and risk. Traditional IT hardware infrastructure is evolving to more software-based solutions. The worldwide software-defined infrastructure (SDI) combined software market reached $12.17 billion during 2020 -- that's an increase of 5 percent over 2019, according to the latest market study by International Data Corporation (IDC). The market grew faster than other core IT technologies. The three technology pillars within the SDI market are: software-defined compute (53 percent of market value), software-defined storage controller (36 percent), and software-defined networking (11 percent). "Software-defined infrastructure solutions have long been popular for companies looking to eliminate cost, complexity, and risk within their data cente

Digital Identity Verification Market to Reach $16.7B

As more enterprise organizations embrace the ongoing transition to digital business transformation, CIOs and CTOs are adopting new technologies that enable the secure identification of individuals within their key stakeholder communities. A "digital identity" is a unique representation of a person. It enables individuals to prove their physical identity during transactions. Moreover, a digital identity is a set of validated digital attributes and credentials for online interactions -- similar to a person's identity within the physical world. Individuals can use a 'digital ID' to be verified through an authorized digital channel. Usually issued or regulated by a national ID scheme, a digital identity serves to identify a unique person online or offline. Digital Identity Systems Market Development Complementary to more traditional forms of identification, digital identity verification systems can enhance the authenticity, security, confidentiality, and efficiency of

Global Pandemic Accelerates the Evolution of Transportation

Given the current trends across the globe, organizations that depend upon the continued growth of personal vehicle ownership will need to consider a plan-B scenario. While some companies will be able to adapt, others may find that their traditional business model has been totally disrupted. According to the latest worldwide market study by Juniper Research, Mobility-as-a-Service (MaaS) will displace over 2.2 billion private car journeys by 2025 -- that's rising from 471 million in 2021. Juniper believes that for MaaS to enjoy widespread adoption, subscription or on-the-go packages need to offer a strong combination of transport modes along with feasible infrastructure changes, high potential for data collection and low barriers to MaaS deployments. Mobility-as-a-Service Market Development The concept of MaaS involves the provision of multi-modal end-to-end travel services through a single platform by which users can determine the best route and price according to real-time traffic