Industrial 3D printing is an additive method that involves utilizing a 3D printer and CAD-based 3D modeling software to produce a three-dimensional object layer by layer. Plastic is the most frequent raw material used to make 3D objects. Resins, metals, carbon fibers, graphite and graphene, nitinol, liquids, and powder grains fused have all been employed as raw materials in 3D printing. Subtractive manufacturing procedures are the polar opposite of 3D printing.
Fused Deposition Modeling (FDM), Direct Metal Laser Sintering (DMLS), Electron Beam Melting (EBM), Selective Heat Sintering (SHS), Selective Laser Melting (SLM), and Selective Laser Sintering (SLS), Electron Beam Melting (EBM), Drop on Demand (DOD), and Material Jetting (MJ) are some of the most commonly used 3D printing technologies.
All of these technologies are employed in the development of complicated aerospace, automotive, and industrial machine parts. Flexible design, quick design and manufacturing, rapid prototyping, and quick and easy material handling are the primary drivers of the market’s expanding demand for Industrial 3D Printing.
Industrial 3D Printing: Market Demand Drivers
According to industry estimates, the global 3D printing market is estimated to reach about US$ 50 billion by 2026, with a CAGR of about 25% over the next five years. Because of applications such as creating patient-specific body parts and organs using data from CT and MRI scans, 3D printing is becoming increasingly popular in healthcare.
Also, utilizing CT scans of patients, 3D printing accurately duplicated anatomical features for treating aortic dissection and aneurysms. As a result, boosting the use of 3D printing technology in healthcare is expected to be a key driver of growth.
Environment of Competition
The leading vendors in the Industrial 3D Printing Market have been determined based on their nation of origin, various regions, innovations, product diversity, and industry knowledge. These are some of the vendors:
- 3D Systems
- EOS GmbH
- GE Additive