March 1, 2021 Future Market Insights Releases
When technological advancement reaches a tipping point, 3D printing or additive manufacturing is expected to reach impressive heights. The technology has long pushed the boundaries of rapid toolmaking, toy making and prototyping and the potential to revolutionize popular manufacturing processes.
As the industry tries to reduce production costs, they are creating more space for 3D printing technologies, especially in the automotive, aerospace, medical and consumer electronics industries. Techniques such as laser sintering and binder beams have enabled end users to design aesthetically advanced materials more efficiently and at significantly lower costs.
« Manufacturers are using Industry 4.0 and combining 3D printing with artificial intelligence to add flexibility and precision during the production process, which leads to improved growth opportunities, » says the FMI analyst.
The global 3D- The printing market is largely consolidated and there are a handful of suppliers such as 3D-Systeme, Stratasys, GE Additive, ExOne, Nano Dimensions Ltd., SLM Solutions, EOS GmBh and Materialize. These providers focus on strengthening their R&D functions for the development of sophisticated 3D printers.
In addition, strategic partnerships, acquisitions and collaborations are a good sign for the above-mentioned market participants. In 2019, 3D Systems presented its new application-specific production solutions for the healthcare, automotive and aerospace industries at the Formnext 2019 trade fair. These include Geomagic Design X, 3D Xpert and DMP Flex 350.
In February 2020, GE Additive, in partnership with GA-ASI, conducted its first test flight with a 3D printed metal NACA inlet made of titanium Ti6Al4V, which was mounted on a SkyGuardian RPA was mounted. The agreement was concluded in April 2019. More recently, MT Ortho has incorporated the company’s additive technology to manufacture custom prostheses for cranioplasty and bone cancer patients.
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FMI’s research on 3D printing offers a comprehensive market segmentation and helps readers evaluate lucrative growth opportunities during the forecast period 2019-2029. The report provides an unbiased analysis of the outstanding dynamics that are affecting the market outlook in key geographic locations. Additionally, a section depicting the competitive landscape acquaints the stakeholders with the level of competition among leading vendors and enables them to shape their business strategies accordingly.
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