The future of 3D printing technology

3D printing is gaining momentum across various industries from printing a mobile phone cover to reconstructing human organs. Emerging as a technology of choice for a wide range of applications, it is expected to rapidly increase its market share to about 40% by 2015.

Jithendranath Rabindranath, Research Analyst, Technical Insights, Frost & Sullivan, commented: “3D printing brings several performance and efficiency advantages to the table that translate into high quality; far greater than what can be achieved through conventional manufacturing. Therefore, organisations are embracing various approaches to expand the applicability of 3D printing, accelerating uptake especially in Asia and North America.”

However, the validity of the technology for large-scale systems and physical object manufacturing has not been clearly demonstrated. Further, the initial cost of establishing a rapid prototyping service is expected to be high, taking into account the steep initial investments and relatively modest production volumes.

Nevertheless, companies across the 3D printing value chain will benefit from the reduction in the amount of tooling and process steps, which will, in turn, cut down costs. This will also significantly minimise inventory and lead times, a defining factor for manufacturing companies.

“With burgeoning market potential and growing funding, the 3D printing ecosystem is taking shape. The contribution of multiple industry participants such as confederations, research labs, universities, start-ups, and established firms will further quicken the development and commercialisation of 3D printing technology, products, and services on a global scale," added Rabindranath.