technology

3D Printing: The Near Future & Market Opportunities Explored

The 3D printing process was invented by Chuck Hill in 1983, called “ stereolithography ” as a technique of building solid entities by sequentially printing thin films of ultraviolet material on top of each other. This technique laid the foundation for the current 3D printing scenario. The modern definition of 3D printing can be defined as an additive engineering process to generate a physical entity from a digital source or design. Today there are different 3D technologies and materials available in the market, but all follow the same standard procedure: a solid material that is digitally designed by adding consecutive layers. A typical 3D printing initiated by forming a scanned design file of a physical entity. The next step varies depending on the technology and material used, coming from the system printers to melt the material and place it on the printing platform. The time is highly dependent on the print size and often on post-processing events. Common printing techniques include molten deposition modeling, stereolithography, digital light processing, selective laser sintering, polyjet and multijet modeling, binder jet and metal printing (selective laser melting and electron beam fusion). Materials for printing vary with printing options, ranging from rubber, plastics (polyamide, ABS, PLA and LayWood), ceramics, biomaterials, stoneware, metals and alloys (titanium, aluminum, steel , cobalt-chromium and nickel).

The 3D printer is advantageous because it offers the construction of complex designs that cannot be produced by traditional methods, the customization of products without additional details and tooling, and without additional cost, and creating hope for contractors or designers. into profitable production for market testing. or other needs. In addition, the traditional methods of manufacturing an entity generate a huge amount of raw material waste, for example, the manufacture of brackets wastes nearly 90% of the raw material. On the other hand, the manufacturing process by 3D printing involves minimal waste of material and can be recycled in the next cycle.

However, the concept of 3D modeling is often associated with drawbacks such as the high cost of large production, limited strength and durability, and lower quality resolution. Additionally, there are over 500 3D printing materials available in the market, most of which are made from plastics and metals. However, due to rapid technological advancements, the number of materials is increasing rapidly, including wood, composites, meat, chocolates, etc.

As public sources testify, by 2027, one tenth of global production will be 3D printed. As a result, the cost of printers will drop from $ 18,000 to $ 400 over the next 10 years. Therefore, various companies started their 3D printed production, such as the dominant footwear companies as well as in aircraft construction. Developments in technology will create a scenario where smartphones have been bolstered with a scanner to build anything at home, for example, China has created a complete 6-story building using 3D printing technology .

3D printing has various applications in the medical, manufacturing, socio-cultural and industrial fields. Based on manufacturing applications, the field is divided into agile tooling, power, research, prototyping, cloud-based additives, and mass customization. Based on a medical application, the field is distributed in bioprinting devices and drugs. For example, in August 2015, a 3D printed surgical bolt device named “ FastForward Bone Tether Plate ” was approved by the Food and Drug Administration (FDA) for the treatment of bunion. In addition, in May 2017, the researcher at the Max Plank Institute for Intelligent Systems, Germany, developed a micro-machine, called micro-swimmers, using 3D printer technology from Nanoscribe GmBH, to deliver with medication accuracy at the site of infection and can be monitored. inside the body. Various industries have adopted 3D printing technology to manufacture their products. For example, Airbus SAS, France stated that its product, the Airbus A350 XWB, contains more than 100 3D printed components. The astronautical industries have developed a 3D printer thanks to the collaboration of NASA Marshall Space Flight Center (MSFC) and Made In Space, Inc. for printing in zero gravity.

This is the market
The global 3D printing market is expected to reach USD XX by 2022, up from XX in 2015 at a CAGR of XX% from 2016 to 2022 according to the latest updated report available on DecisionDatabases.com. The market is segmented on the basis of printer type, material type, material shape, software, service, technology, process, vertical, application, and geography.

Based on the type of printer, the market is segmented on the basis of desktop 3D printers and industrial printers. Based on the type of material, the market is segmented into plastics, metals, ceramics and others (wax, timber, paper, biomaterials). On the basis of the shape of the material, the market is segmented on the basis of filament, powder, and liquid. Software-based, the market is segmented on the basis of design software, inspection software, printing software, and scanning software. Based on technology, the market is segmented on the basis of stereolithography, molten deposition modeling, selective laser sintering, direct laser sintering of metals, polyjet printing, inkjet printing , electron beam melting, laser metal deposition, digital light processing and laminate object fabrication. On the basis of process, the market is segmented on the basis of binder jet, direct energy deposition, material extrusion, material jet, powder bed melting, tank light curing and sheet lamination. Based on the vertical, the market is segmented on the basis of automotive, healthcare, architecture and construction, consumer products, education, industry, energy, printed electronics, jewelry, food and kitchen, aerospace and defense, etc. Based on the application, the market is segmented on the basis of prototyping, tooling, and functional parts.
By geography, the market is segmented on the basis of North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa

Factors such as high investment in research and development (R&D), low waste of raw materials, and ease of building custom products are propelling the market growth. However, factors such as limited printer availability, high material prices, and shortage of skilled professionals are hampering the market growth.


Source by Pratiksha Medhane

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