Market Analysis, J Ind Electron Appl Vol: 3 Issue: 1
3rd International Conference on 3D Printing and Additive Manufacturing
Associate Professor in Dynamics of Aerospace Structures, Faculty of Engineering, University of Nottingham, UK, E-mail:Dimitrios.Chronopoulos@nottingham.ac.uk
Keywords: Automotive Technology,omputational Intelligence,Control Systems and applications,Electrical Machines and Drives,Factory Automation,Industrial Cyber-Physical Systems,Industrial electronics,Industrial Informatics,Industrial Technology,Information Processing and Communications,Mechatronics,Motors and drives,Power Electronics,Power Engineering,Power Grids,Power Grids123,Robotics,Semi-Conductors
Scope and Importance:
The 3D printing market was esteemed at USD 10.58 billion out of 2018, and is relied upon to arrive at an estimation of USD 49.01 billion by 2024, at a CAGR of 29.48% over the forecast period 2019-2024. Toward the finish of 2018, America Makes declared it was granting USD 1.6 million to a joint undertaking between Arizona State University and the ASTM International Additive Manufacturing Center of Excellence. In the prior months of 2019, the project aims to advance post-processing methods for SLM parts.
With technological advancements and product innovations, use of 3D printing technology has found various application in a wide variety of areas, such as jet engines, advanced prosthetics, and even living tissue (with a potential to disrupt the entire manufacturing industry).
• The industry is being constantly driven by technological developments, which guarantee higher adaptability and empower faster design. Further, manufacturers have realized the advantages that 3D printing offers, such as optimizing material, labor, and transportation costs. Manufacturing units have had the option to eliminate material wastage using 3D printing.
• Governments over the world have just begun putting resources into R&D on 3D printing, which has positively affected on technology propagation and adoption. For example, the Dutch government put an extra USD 150 million in 3D printing-related research and development.
• However, the market remains constrained by high costs of equipment needed to deploy 3D printing on an industrial scale. The absence of a worldwide principles body directing producers likewise confines the market development.
Source of revenue and analysis of the 3D bio printing market:
Bio printing materials
3D bio printers
Services and ancillary equipment
With the classification into metals, polymers, ceramic, and bio-ink, the bio printing materials segment accounted for the major shares of the 3D bio printing market. The polymers are broadly utilized in bio printing material that involves both common and synthetic materials. Owing to the favourability of the natural polymers, they are preferred for engineering tissues and organs. Regular polymers involve collagen, chitin, chitosan, hyaluronic corrosive, and chondroitin sulfate. The broad utilization of polymers in bio printing materials will add to the development of the market throughout the following four years.
3D printing materials have noteworthy development in Middle East locales. Different 3D printing assembling organizations have seen setting-up in the Middle East locales during the most recent couple of years. It's demonstrating that the pattern is probably going to proceed throughout the following 10 years with the accessibility of minimal effort crude materials alongside expanding assembling yield in these areas.
Middle East 3D Printing Materials market value is anticipated to expand at a CAGR of 16.7% during the forecast period and along with that the Middle East 3D printing materials market volume is expected to register a CAGR of 11.2% during the forecast period.
3D Printing Market Value by next 10 years:
Industries Associated with 3D Printing
Stratasys – Minneapolis, Minnesota, USA
Autodesk – San Rafael, California, USA
Hyrel 3D – Norcross, Georgia, USA
M3D – Fulton, Maryland, USA
3D Filaprint, UK
3D Gbire, UK
Addition Design, UK
Am 3D, UK
SLM Solutions, Germany
3D Hubs, Germany
EOS e-Manufacturing, Germany
Leap Frog 3D Printers, Netherlands
3D Print Pulse, Netherlands
Advanced Manufacturing Services, Australia
3D Systems, Australia
IRIS 3D Solutions, Dubai
The 3D Shape, Dubai
3D PrintDXB, Dubai
3D Printing Industry, India
3D Print.com, India
Manufacture 3D, India
Harvard’s School of Engineering and Applied Sciences, USA
Princeton University, USA
Cornell University, USA
University of Tornoto, Canada
University of Lethbridge, Canada
University of Sheffield, UK
University of Nottingham, UK
University of Exeter, UK
University of Melbourne, Australia
University of Sydney, Australia
University of Auckland, New Zealand
University of Victoria, New Zealand
Federal University of Santa Catarina, Brazil
University of Nicosia, Germany
Nanyang Technological University, Singapore
National University, Singapore
University of BITS Pilani, Dubai
University of Indian Institute of Technology, India
List of Software used in 3D Printing:
• 123D Catch
• 3D Slash
• Netfabb Basic
• 3D-Tool Free Viewer
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