3D Printing Development and How It Can Benefit Your Business

Source: http://bit.ly/2nAenjR

If you’re a young entrepreneur who wants to build your own company, what do you think is the best business to start? Since the 21st century is globally notable for the fast development of technology, a significant improvement, especially the internet, can be seen in this time period. It can be everywhere for it has been playing an important part of our everyday life.

Technology improvements has had a lot of benefits and impact on the way people live their lives. It made life simpler in a lot of ways. In connection with this, technology continue to grow as the years pass through. Throughout the late 1990’s and early 2000’s, a set of new technologies continued to be innovated.

Although many kinds of technology become overly known just recently, many of them has been starting to play an important role to people’s lives since a long time ago. A definite example of this are 3D printers.

The History of 3D Printers

Source: http://bit.ly/2jUaq48

Based on an article, the first 3D printing technologies became known in the middle 1980’s. During those period of times, they were still called Rapid Prototyping or RP technologies. As an interesting subject matter, the very first patent application for RP technology was recorded by Dr. Kodama of Japan in May 1980. However, there was so many complications with regards to the full patent specification so it was not considered.

The beginning of 3D printing was exactly in 1986. The patent is owned by Charles (Chuck) Hull. He was the one who first invented his SLA machine back in 1983 and is the co-founder of the 3D Systems Corporation, one of the biggest and most fruitful company that operates in the 3D printing sector even today.

This kind of printing is known as a printing technology which enables commercial enterprises to create things using a variety of materials and digital file that are used in printing. Industry for the 3D printing materials include metals, ceramics and metals.

For more than 30 years since it was first introduced, commercial enterprises across a wide range of industries gives people a wide scope of usage in many sectors including high tech, healthcare, discrete, automotive, medical products, education and research are all using 3D printing industry these days.

Based to an enterprise software contributor, discrete manufacturing is continuing to spread the reasons on why many individual use 3D printing to improve daily market and new developments of products being long term aims.

3D Printing Developments

New developments on the 3D printer market bring out global shipments rose at nine percent in the first quarter of the year 2017. In addition, the 3D printer industry (in the world) as of 2016 continues to develop with up to 18 percent. The places where 3D printers are most used is in many parts of the world. However, within the Asia Pacific — Singapore, Canada, China, Japan and Philippines, it is the strongest.

Even though the North American industry quite recovered, they still show sales decrease from the before 12 months time. This information is, according to the research firm International Data Corporation.

They also saw that the commercial enterprise for the technology part had a largest development at 30 percent. Meanwhile, the growth in bed fusion using powder printers accumulated by up to more than 35 percent.

Growth

The growth was mainly caused by the personal or desktop printers as the industrial market, which is accounted for 78 percent of sales globally. It turned out to have 20 percent fewer shipments in 2016 compared to 2015.

Dropping of sales

The drop in the industrial part was for the most part caused by the market leaders which both are in the midst of management pull — Stratasys and 3D Systems. The former has turned its center to the MakerBot business while the latter has now largely exited the personal and desktop market. Meanwhile, Ricoh and HP Incorporated are both making their focus into the 3D printing market. Ricoh already declared the early accessibility of its industrial printer. On the other hand, HP’s shipments of its Jet Fusion 3D printer are hoped for later this year.

3D Printing for Industrial and Commercial Use

Source: http://bit.ly/2tKdJ5a

Keith Kmetz, IDC’s vice president in 3D printing, expressed that the 3D printing can be a tool for opportunities in industrial and commercial use. Their assumptions make a guide for line of business individual and IT for them to decide different technology related works in the coming years.

In addition to what he said, IDC expressed that discrete commercial enterprise is the most used in this industry, which gives them more than 75 percent of all the worldwide locale based on the calculations.

Asl the different commercial enterprises that have been calculated will experience growth of up to almost a hundred percent over the calculated period, health care will bound from the fifth place in 2016 to the 2nd place after four years, with revenues increasing to almost 3.5 billion US dollars.

They expressed that the growth in the demand and software equipment are caused by the continuous spreading out of the advantage of this kind of printing for products and design prototyping that should have an increasing point of a unique design in different situations.

LMD printing technology or the laser metal deposition also continues to grow. This results in a decrease in tooling costs, repair costs, and in wastes in material on the time of the process in printing. In fact,based on the Markets and Market’s reports expresses that they predict that that the authority will be having a worth around 30 billion US dollars. That is by 2022.

On the other hand, Chris Connery, the Context vice president for Global Analysis, stated in his comment that the main challenge on the 3D printing market is to see if the way of new major in connection with the promotional efforts and innovative technology will be able to help the other commercial enterprise markets embrace 3D printing.

Takeaway

The total global market for this example of advanced business services including the printer hardware, materials and services is calculated to grow from 4.1 billion US dollars in 2015 to 18.4 billion US dollars by 2020, research says. Putting this in mind, it is already safe to say that the 3d printing industry will still continue to grow for the next years.

Like what you read? Give Laura Baird a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.