The future of 3D printing industry

Founded by Chuck Hull in the ’80s, 3D printing technology has revolutionized several industries. With the launch of several user-friendly and affordable 3D printer prices, more and more industries have embraced this technology.

And while major industries, including automotive, toys and even aerospace have been enjoying the benefits of prototyping, product development and experimentation, thanks to 3D printing, major corporations, such as Autodesk and HP, have also entered the 3D printing field.

According to a report by MarketsandMarkets, the 3D printing industry is expected to grow by more than 14 percent annually to hit a $8.4 billion mark by 2020. The industry is set to grow rapidly in the near future and will transform the operations of different industrial sectors. Let’s take a look how:

Customization

A few years back, customization seemed like an alien concept. However, with the advent of 3D printing, firms can easily develop customized products at a minimum cost. In a few years time, companies will use 3D printing to offer customized products directly to top customers at the same price as their competitor’s products. This will eventually give them a competitive edge over their competitors. Customization will become the norm in the near future.

Nanotechnology

Applying 3D printing to nanotechnology will bring several advantages to nanofabrication. It will make nanofabrication faster, cost-effective, and more efficient. With advancements in technology, nanotechnology is inching closer to 3D printing.

New products

Apart from nanotechnology, 3D printing technology will lead to the creation of new products that people had never even thought of. These innovative products will offer 3D printing firms a competitive advantage and deliver outstanding results to customers. As 3D printing is ideal for research, it makes developing new products financially feasible.

Rapid innovation

The future of 3D printing will bring innovation every step of the way. From everyday food items to electrical gadgets, every product will have an element of innovation with the use of 3D printers. Customers can expect nothing but efficiency, innovation and fast service when 3D printing becomes the norm in manufacturing. 3D printing enables designers to create unlimited samples of a product until they arrive at the end product. It also gives designers enough space to display their creative skills.

Apart from innovative products, improved 3D software will ensure that designers develop as well as update products faster. Ultimately, it will be a win-win situation for both manufactures and customers.  

Education

It won’t be long when 3D printers will be used in every school across the country. Not only will this improve the teaching and learning experience, students will make school projects using 3D printers. In addition, students will become experts in developing electronic items and web applications in 3D.

Initial public offerings

Investors at large will start investing in a 3D printing company’s initial public offering. While not all companies will flourish, 3D printing will generate new business models as investors begin to invest in their shares.

3D retail shops

3D printing shops will emerge everywhere, including local malls. These shops will deliver high-quality 3D printing services, including prototyping. Similarly, consumers will be able to shop for a customized 3D printed object from these shops.

The use of 3D printing for prototyping is not a new concept. And with the advancements in 3D printing, the technology is here to stay. Indeed, its future looks promising, as more individuals and designers will have access to these printers in a few years. And sooner or later, 4D printing technology will also emerge on the local market. Want to know more about 3D printing? Check out CAD Print Wax, a company that has been bringing artistic and engineering visions to life with their quick and affordable 3D printing services! Click here for more details.