Based on our extensive research and market study of semiconductors, electronics and technology sectors over the past one year, we have come up with the following top trends in 3D Printing Market for 2013.
3D printing is a form of printing a three-dimensional object using iterative addition of layers using a digital model as a template. This technology can be hence used in the fields of industrial design and prototyping, automotive, aerospace, education and even retail. The additive manufacturing market is a global market of $1.8 bn in 2012 and is expected to grow at a CAGR of 13.5% to reach $3.5 bn by 2017. A lot of this growth is expected to come in the form of availability of cost effective and sometimes cheap 3D printers from a large number of companies like Makerbot, Stratasys, Objet, 3Dsystems, FormLabs etc. This phenomenon is being called the desktop or retail manufacturing revolution and a lot of hobbyists, home-owners and educational institutions are using these machines to produce everyday objects, replaceable parts or to teach students.
The prices of 3D printers available for purchase range from $1000 to $100,000 with costs increasing with additional features. High end printers can use multiple materials and colors to give a prototype closely resembling a finished product and are generally used by large companies to evaluate a product design. Low end printers generally use a single material like ABS (Acrylonitrile butadiene styrene) and cannot be used to print complex objects. The rise of 3D printing is expected to help the entire ecosystem of 3D software building tools, raw material producers and tools manufacturing companies in 2013 and beyond.
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