3D printing: the near future and explored market opportunities
The 3D printing process was invented by Chuck Hill in 1983, referred to as ‘stereolithography’ as a technique for constructing solid entities by sequentially printing thin films of ultraviolet material on top of each other. This technique laid the foundation for this 3D printing scenario. The modern definition of 3D printing can be defined as an additive engineering process to generate a physical entity from a source or digital design. Today, there are several 3D materials and technologies available on the market, but they all follow the same standardized procedure: a solid material made from a digital design by adding consecutive layers. A typical 3D printing started with the formation of a digitized design file of a physical entity. The next step varies depending on the technology and material used, starting with the system printers to melt the material and place it on the build platform. Timing is highly dependent on print size and often post-processing events. Common printing techniques include fused deposition modeling, stereolithography, digital light processing, selective laser sintering, polymorphous and multiple jet modeling, binder injection, and metal printing (selective laser melting and electron beam melting). Materials to print vary based on print options, ranging from rubber, plastics (polyamide, ABS, PLA, and LayWood), ceramics, biomaterials, sandstone, metals, and alloys (titanium, aluminum, steel, cobalt-chrome, and nickel).
The 3D printer is advantageous as it offers the construction of complex designs that cannot be produced with traditional methods, customization of products without additional details or tools and without additional prices, and creating a hope for entrepreneurs or designers in a profitable production for testing. market. or other needs. In addition, the traditional manufacturing methods of an entity generate an enormous amount of waste of raw materials, for example, the manufacture of supports wastes almost 90% of the raw material. On the other hand, the 3D printing manufacturing process involves minimal material waste and can be recycled in the next cycle.
However, the 3D modeling concept is often associated with drawbacks such as high cost of large production, restricted strength and durability, and lower quality resolution. In addition, there are more than 500 3D printing materials available on the market, most of them are made of plastics and metals. However, due to rapid technological advancements, the number of materials is increasing rapidly comprising wood, composites, meat, chocolates, etc.
As exemplified by public sources, by 2027, one-tenth of global production will be 3D printed. Consequently, the cost of printers will drop from $ 18,000 to $ 400 in the next 10 years. Therefore, several companies have started their 3D printed production, such as the dominant footwear and aircraft construction companies. Evolving technology will create a scenario where smartphones were strengthened with a scanner that allows you to build anything at home, for example, China has created an entire 6-story building using 3D printing technology.
3D printing has diverse applications in the medical, manufacturing, sociocultural and industrial fields. Based on manufacturing applications, the field is divided into agile tools, food, research, prototyping, cloud-based additives, and mass customization. According to the medical application, the field is distributed in bioprinting devices and drugs. For example, in August 2015, the Food and Drug Administration (FDA) approved the 3D printed surgical stud device, dubbed the ‘FastForward Bone Clamp Plate’ for the treatment of bunion. Furthermore, in May 2017, the researcher at the Max Plank Institute for Intelligent Systems, Germany, developed a micro-machine, called micro swimmers, using Nanoscribe GmBH 3D printer technology, to precisely deliver drugs to the site of infection. and be able to control it. inside the body. Various industries have adopted 3D printing technology to manufacture their products. For example, Airbus SAS, France stated that its product, Airbus A350 XWB, contains more than 100 3D printed components. The astronautical industries have developed a 3D printer through the collaboration of NASA’s Marshall Space Flight Center (MSFC) and Made In Space, Inc. to print in zero gravity.
It is market
The global 3D printing market for 2022 is projected to be USD XX, from XX in 2015 at a CAGR of XX% from 2016 to 2022 based on the latest updated report available at DecisionDatabases.com. The market is segmented by printer type, media type, media shape, software, service, technology, process, vertical, application, and geography.
Depending on the type of printer, the market is segmented on the basis of desktop 3D printers and industrial printers. Depending on the type of material, the market is segmented into plastics, metals, ceramics and others (wax, laminated wood, paper, biomaterials). According to the shape of the material, the market is segmented according to filament, powder and liquid. Software-based, the market is segmented on the basis of design software, inspection software, printer software, and scanning software. Based on technology, the market is segmented on the basis of stereolithography, fused deposition modeling, selective laser sintering, direct metal laser sintering, inkjet printing, inkjet printing, electron beam melting, laser metal deposition, digital light processing, and rolled object manufacturing. According to the process, the market is segmented on the basis of binder injection, direct energy deposition, material extrusion, material injection, powder bed melting, tray photopolymerization and sheet lamination. Vertically based, the market is segmented on the basis of automotive, healthcare, architecture and construction, consumer products, education, industrial, energy, printed electronics, jewelry, food and culinary, aerospace and defense, and others. Depending on the application, the market is segmented based on prototypes, tools, and functional parts.
By geography, the market is segmented on the basis of North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.
Factors such as high investments in research and development (R&D), low waste of raw materials and the ease of building custom products drive market growth. However, factors such as restricted availability of printers, high material prices, and a shortage of trained professionals impede market growth.
