According to Gartner, 3D printing has great potential. Total spending is predicted to grow at a 66.5% CAGR to $17.7 billion in 2020 with over 6.5 million printer sales. Gartner also predicts that “by 2020, 75% of manufacturing operations worldwide will use 3D-printed tools, jigs and fixtures made in-house or by a service bureau to produce finished goods. Also, 3D printing will reduce new product introduction timelines by 25%.” Enterprise 3D printer shipments is also expected to grow 57.4% CAGR through 2020.
The top priorities related to 3D printing include accelerated product development, offering customized products and limited series and increasing production flexibility. Here are additional 3D printing market forecasts:
- 57% of all 3D printing work done is in the first phases of the new product development
- 55% companies predict they will be spending more in 3D printing services and solutions in 2017
- 47% of companies surveyed have seen a greater ROI on their 3D printing investments in 2017 compared to 2016
The manufacturing industry could be transformed by 3-D printing, but business owners don’t understand the technology, slowing its adoption, according to Adrian Keppler, CEO of industrial technology services player EOS.
“People don’t understand it, and they have a hard time understanding what it means for their business,” he told CNBC’s “The Rundown” on Thursday.
The 3-D technology allows the construction of lightweight parts — a feature that Keppler said could benefit vehicle makers in particular as the auto industry shifts toward electrification, and as more regulators impose emission limits.
3D printing leads the way toward a more innovative future. Here are some areas of life that are seeing a lot more benefit from 3D printers than others.
Recently, a company in San Francisco announced it could 3D print an entire house in just 24 hours. The startup called Apis Cor used a mobile 3D printer to build a 400-square-foot house in the middle of a Russian town. While 3D printing isn’t necessarily a new invention, the developments of additive manufacturing continue to wow us and show a future that may be more efficient. It could even be able to solve large-scale problems. So where are some of the areas that 3D printing can provide innovation? Here are five of the biggest sectors that have the most to gain from 3D printing.
A new study of the potential for 3D printing in the healthcare industry predicts wide-ranging advancements and disruptions as the technology is adopted by more hospitals and manufacturers.
The report, published by Dr. Jason Chuen and Dr. Jasamine Coles-Black of Austin Health in Melbourne, Australia, outlines five key areas where 3D printing will likely have the biggest impact on healthcare.
Chuen, the director of vascular surgery at Austin Health and director of the hospital’s 3D medical printing laboratory, uses 3D-printed models of aortas to practice delicate surgeries.
“By using the model I can more easily assess that the stent is the right size and bends in exactly the right way when I deploy it,” said Dr. Chuen.
The five areas discussed in the report include:
1. Bioprinting and Tissue Engineering: Scientists are already building 3D-printed organoids to mimic human organs at a small scale, and the report predicts that eventually hospitals will be able to print human tissue structures that could eliminate the need for some transplants.
However, Chuen says that “Unless there is some breakthrough that enables us to keep the cells alive while we print them, then I think printing a full human organ will remain impossible. But where there is potential is in working out how to reliably build organoids or components that we could then bind together to make them function like an organ.”
Technology represents the largest uncertainty for which most companies do not have a strategy—yet the right strategy turns uncertainty into opportunity. For example, with technology, Walmart turned the uncertainties of retail procurement and logistics into an empire, Amazon turned customer order uncertainty into the basis of its mission – “Earth’s Most Customer Centric Company.” Google famously turned the mass of internet chaos into actionable information for other companies.
These companies reflect the earliest transition from the Third Industrial Revolution that focuses on digital inter-connectivity to the Fourth Industrial Revolution that focuses on combining technologies across all arenas: digital, physical and biological. Many companies are still stuck in the Third Industrial Revolution, with prognostications of digitizing and integrating supply chains. The problem is that digitization has become the price of entry—nearly every one of the long list of retailers that has recently gone bankrupt was digitized and “connected.”
It usually takes the Navy around five months to build even the smallest submarines to ferry Navy SEALs into and out of combat zones — but thanks to new technology, the Navy’s most elite warfighters could slap together a submersible hull in just a few weeks.
That’s the promise behind the Optionally Manned Technology Demonstrator (OMTD), the U.S. military’s first 3D-printed submarine hull, unveiled by the Navy on July 24. Fabricated by the high-tech Big Area Additive Manufacturing 3D printing machine at the Oak Ridge National Laboratory, the 30-foot submersible hull was inspired by the SEAL Delivery Vehicles used by the branch and U.S. Special Operations Command to deploy Navy special warriors and their gear into particularly dangerous areas.
Has the inflated hysteria and hype around 3D printing really been banished? The mainstream media’s obsession with 3D printing peaked around 2012-14, despite the efforts of industry veterans to push back. Reality seemed to bite, though, and things calmed down a great deal, even to the point of ‘negative hype.’
Recently however, a number of hyped headlines about 3D printing have crept back. Some are simply clickbait, but others are simply uninformed hype, backed by equally uninformed content. Both are irritating, but the latter is more insidious.
I have been using Twitter to take on some of the ridiculous 3D printing headlines that are proliferating across news sites and their social media channels once again.
Crossrail, a £14.8 billion project to expand London’s underground train network, is using 3D printing in the construction of its tunnels.
Competing alongside leading contractors including SKANSKA, BAM Nuttall and Balfour Beatty Civil Engineering, UK privately owned construction company Laing O’Rourke is using the technology to get the edge on tunnel building.
Europe’s largest construction project
Spanning over 100km, and connecting 40 stations from east to west, Crossrail is the largest construction project in Europe. The new tunnel under construction is named The Elizabeth Line after the reigning Queen Elizabeth II.
A recent report from the research firm CONTEXT shows that shipments of 3D printers were up 16 percent in the first quarter of 2017, with much of the growth emanating from mid-market offerings. This would encompass high-end desktop and low-end professional units selling for between $3,000 and $25,000. Higher-end professional units actually saw a decline of nearly eight percent when compared with Q1 of 2016.
Overall, global 3D printer sales were up four percent in the first quarter, with metal printers spiking in demand. Additionally, the average price per unit of professional grade models increased from $111,241 to $128,549. Heightened demand actually dropped the average price of personal/desktop units from $1,142 to $970.
Leading vendors in the personal/desktop market include XYZprinting, with 17,000 units sold and $8 million in revenue, and Ultimaker with 6,000 units sold and $17 million in revenue. In the professional category, Stratasys continues to be the market leader with nearly $100 million in Q1 sales. However, the biggest gain in market share was recorded by EOS.
As a pioneer and leader in metal 3D printing, the German company registered $50 million in first quarter sales. This represents a 16 percent year-over-year increase.