3D Printing / Additive Manufacturing - A Complete Analysis

3D printing is a form of additive manufacturing technology where a three dimensional object is created by laying down successive layers of material. The technology was first introduced in early 1980, however it came into hype in last few years.

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Manufacturers across a broad spectrum of industries including automotive, aerospace, healthcare, consumer and industrial products are all aggressively using 3D printing technologies now a days.

3D printing is also known as additive manufacturing. It is a method of creating a three-dimensional object using a computer-created design. Also, 3D printing is an additive process where layers of material are built to create a 3D part. It is the best option for the creation of complex, bespoke items, making it an ideal solution for rapid prototyping, as products can be created faster than any other traditional manufacturing techniques and without any reliance on external supply chains. In addition, 3D printing is cheaper than subtractive production methods as no extra material is used, thus boosting the growth of the industry. Moreover, as the process is based on computer-aided designs (CAD), if there are any product alterations, it can be easily done without impacting the manufacturing cost.

The use of 3D printing technology is growing in the aerospace industry as it helps to create light and geometrically complex parts more efficiently and accurately, driving the growth of the 3D printing market. 3D printing helps to create the whole aircraft component rather than building it in parts, thus reducing lead times and material wastage. In addition, automobile manufacturers are increasingly using the technology to reduce inherent weight and cost reductions. It also helps with rapid prototyping of new parts for testing or small-scale manufacturing. Hence, the growing use of technology in the automotive industry is boosting the growth of the market. Furthermore, the rising use of 3D printing technology in the medical sector for the creation of made-to-measure implants and devices is creating an opportunity for the growth of the market. In the medical sector, technology can help in designing and customization of dental fixtures and hearing aids as per the needs of the users, raising its demand worldwide.

Company Profiles-
3D Systems Corporation
Arcam AB
Autodesk, Inc
Amazon
GE Company
Materialise NV
The ExOne Company
Home Depot
Stratasys Ltd
EOS GmbH

The global 3D Printing has been segmented as follows:

The global 3D Printing is segmented on the basis of component and application. Based on component, the is segmented as control systems, maintenance systems, and services. On the basis of the application the is segmented as residential and commercial.

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This release was published on openPR.