Future Forecasting of 3D Printing Technology in 2021-2025
3D Printing Technology: Future Forecasting of 2021-2025
The year 2020 was prominent for the 3D printing industry as it played a pivotal role in the healthcare domain to aid people during COVID-19. This technology is fast spreading across all industries as more businesses are willing to integrate it especially now easy to use 3D modeling software are available to everyone like SelfCAD. Whether it's automotive, aerospace, or manufacturing, enterprises have realized the true potential of 3D printing and 3D designing.
This technology is a paradigm shift over traditional manufacturing, and the scope for performance-driven innovations is much higher. Amid COVID, companies were forced to work with both limited workforce and resources. For filling this void, 3D printing is playing a transformational role. With the availability of advanced applications like rapid prototyping, companies can manufacture high-quality products with less time and cost.
With 3D modeling software, it’s easier to customize your designs based on your requirements. You don’t need to have experience in 3D designing to be able to create your 3D models. With beginner-friendly 3D designing
This industry grew by 18.11% in 2021, and the compound annual growth rate (CAGR) is thriving at 29.48%. With the growing availability and decreased pricing of 3D printing, small-scale companies are also moving towards this advancement.
In addition to the availability of the easy-to-use 3D modeling software, another primary reason for the unparalleled growth of 3D printing is the availability of a wide range of materials and easy access to complex personalization. Let's dive into this technology and its growth forecast till 2025.
Why is 3D printing technology overgrowing?
This innovation is improving value chains across industries, and companies can now deliver better-quality products. In addition, with the involvement of additive manufacturing, companies now have access to quick design iterations and the ability to fine-tune the final design.
Earlier, a 3D printer was only a lab curiosity and a futuristic machine to showcase in a show. However, things are changing now as the availability is increasing. Using additive manufacturing, engineers can streamline complex design parts and speed up the overall product manufacturing process.
The standalone setup of 3D printing brings in several applications to companies that were either time-consuming or very expensive with conventional methods. Now, companies are going beyond the standalone machine and integrating it with their assembly line to strengthen the complete production workflow.
In addition to this, another primary reason why 3-dimensional printing is growing is long-term cost optimization. Companies can cut down their long supply chain and logistics dependencies and print parts in-house. This is because it’s easier to make changes in the model in 3D modeling software hence saving on costs.
This significant change lets companies save substantial costs and still operate with higher productivity. Contract manufacturers foresee three-dimensional printing as a flexible opportunity to grow a business by speeding up the production process.
3D printing future growth
This fast-growing market was valued at approximately $13.7 billion in 2020, and it's expected to surpass $63.46 billion by 2026. From 2021 to 2026, this market will grow at a compound annual growth rate of 29.48%.
SLS additive manufacturing is among the technologies touted to record a high CAGR during the forecast period. The automotive industry is widely utilizing SLS to build custom parts for sports cars and electric vehicles. Leading automotive companies globally have increased their three-dimensional printing as the demand for electric cars is booming.
North America became the most significant part of the market share by taking more than 35% in 2020. Companies in North America are highly active in adopting 3D printers and 3D printing services to accelerate their entire ecosystem. The Asia Pacific region is emerging as a manufacturing center owing to a growing customer base.
The prototyping and online 3D print dominated the market in 2020 and are expected to grow their market share to more than 55% by 2028. In the next four to five years, metal 3DP will dominate the market as it's becoming more affordable and accessible to industries.
3D printing advancements across industries
3D printing growth is evident across multiple industries. The advancements seen all around are signals that this technology is here to stay and grow with us in the future. Below are critical 3D printing innovations and recent activities occurring in multiple industries.
3D printing empowers STEM education by allowing schools to 3D print complex geometries and provide a more informative learning experience. This technology transforms the entire curriculum by enabling students and teachers to print 3D models using a desktop FDM printer.
For making anatomy classes more information-focused, Victoria University in Melbourne 3D printed a complete set of bones. Compared to traditional anatomy models, these 3D printed replicas are more durable and easily available.
3D printed human borne. Image source: Rapid3d
In primary schools, students are actively attending 3D printing sessions to have practical experience of desktop 3D printing. This recent addition to traditional education helps in improving critical thinking and troubleshooting abilities. African village, Mcheza recently created the world's first 3D printed school to empower education. It's giving opportunities to students to have their first step towards formal education. It took engineers 15 hours to 3D print the entire school in and make it usable for students.
The World’s first 3D printed school. Image source: Newsweek
Also, easy-to-use 3D modeling software like SelfCAD has made it easier for 3D printing to be introduced in schools. Learning 3D modeling is now easier than ever before. Because students are less technically inclined, they need easy-to-use 3D modeling software, which is why SelfCAD has been designed in such a way that it has a simplified interface where tools are well arranged in the toolbar and one can easily locate them with much ease. Most tools of SelfCAD are reusable. That is, you can use a single tool to perform various tasks.
Additionally, with SelfCAD, you don’t need to have an additional software or install any extension; everything can be done under this single program. That is, you can model, sculpt, and even prepare the design for 3D printing (using the in-built slicer) without having to switch to another program, and this makes SelfCAD the ideal software for students as well as beginners in 3D modeling.
3D manufacturing is allowing companies to integrate 3D printing with their traditional setups and gradually replace certain aspects. As of now, companies are transforming their designing and prototyping processes. Compared to a conventional approach, 3D manufacturing let companies draft prototypes quickly and test them even before the manufacturing begins.
Recently, metal 3D printing is gradually replacing the traditional tooling processes. Companies can fill up the demand gap faster using materials like titanium, stainless steel, and aluminum. Earlier, it used to take weeks and even months to replace broken machinery parts. But it's now possible to create the original part's replica within hours and keep the production line running.
The hybrid manufacturing trend that lets companies seamlessly transform their conventional processes is growing. From designing to prototyping and 3D printing more extensive parts, the efficiency is improving with this advancement.
Additive manufacturing is addressing several critical needs in the healthcare industry. We've seen the full potential of 3D printing during COVID and how it helped hospitals & health institutes increase the supply of equipment ranging from PPE kits to ventilator valves. This technology helped frontline workers to mitigate the COVID impact.
Now, doctors can 3D print patient-specific models to examine their health complexity with higher accuracy. It's possible to quickly transform the data taken from CT and MRI scans into a full-fledged model. It is helping doctors to better strategize the surgeries and treatment procedures.
In the areas of prosthetics and implants, healthcare researchers are working on bioprinting to mass-produce live tissues and body organs, including the heart and bladder. In addition to this, 3D printing is revolutionizing stent designing and production.
Researchers have developed nitinol stents that offer greater personalization and efficiency in restoring blood circulation. In addition, these nitinol stents are more durable than the traditional ones and can operate with lower chronic outward force.
Three-dimensional printing is the future of home construction. It is affordable, fast, and more reliable than the traditional method. The first full-fledged 3D printed house was recently unveiled, a two-story residence with 160 square meters of living area. On the other hand, 3D printing companies are already working closely with government authorities and NGOs to offer emergency shelters. After several natural disasters, only 3D printing can provide immediate relief to people because it can print homes in hours.
French researchers at the University of Nantes have recently introduced an advanced construction strategy that 3D printed a house in less than an hour. Now it's possible to print an emergency shelter of 3 meters by 3 meters in 30 minutes. With these types of innovations happening in the construction industry, additive technology will go mainstream soon.
3D printed house. Image source: 3Dsourced
3D printed food
Several gourmet and molecular kitchens are using this technology to 3D print food made of chocolates and plant-based materials. Not only fine dining restaurants are using 3D printing, but bakers are also using it to prepare cake decorations. A German company recently showcased a 3D-printed pizza that had toppings of plant-based materials.
3D printed pizza. Image source: BeeHex
The most significant benefit of using additive printing in the food industry is personalization to attract more individuals to the restaurant. Post-COVID, this can be a unique selling point for restaurants to grow their revenue.
3D printing materials
The 3D printing materials market is growing significantly, and it's expected to cross the $1.34 billion mark by 2025. With a wide range of materials available, this technology allows manufacturers to prepare custom materials by mixing two or more filaments. This flexibility will play a pivotal role in enhancing the current material options and their characteristics.
The popularity of metal-based materials is also growing, just like that of plastic additive printing including Nylon, ABS, PLA, and more. Titanium, stainless steel, aluminum, and bronze are popular options that companies used to produce components. The aerospace and automotive industries, especially, are using metals to build personalized parts and pieces of machinery.
Coming to 3D printing technologies, FDM, SLS, DMLS, and SLA are among the most-used printing methods that provide more agility to businesses.
Final thoughts — 3D printing forecast
3D printing is the future of digital manufacturing and with growing scalability and availability at affordable cost. This advancement disrupts traditional processes to drive more efficiency, whether in automotive, aerospace or any other industry. In the future, we will experience more implementations that will revolutionize industries and help customers get high-quality products.
About the Author:
Rohan Kadam is the owner of 3D Spectra Technologies LLP. The Pune-based company offers high-quality, affordable 3D printing and 3D printing services all over India. The 3D printing company has 40+ materials and 10 years domain experience for all industries. For more information, please visit https://www.3dspectratech.com/ or email here email@example.com.
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