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(India.CityRegions.Com, July 07, 2018 ) The first commercial 3D printer was invented in 1988. In 2013, the 3D printing industry was worth $3bn, and grew to $7bn in 2017. By 2025 the 3D printing market will account for over $20bn in spend.3D printing, or "additive manufacturing", is the process of joining materials to make objects from three-dimensional model data, usually layer upon layer. The 3D printing market blends software technology with materials science and the growth in interest in 3D printing technology is fuelling a significant amount of R&D investment in the core technologies that make up 3D printing solutions. 3D printers are best suited for certain tasks: they are good for small production runs where customised products and short development cycles are the norm; they are suited for small items because there are limits to the size of affordable 3D printers; they are suited to high-value products, because they make it easier for the developer to retain manufacturing in-house; and they are also suited to products with high complexity, because the creation of complex geometric features is difficult to achieve using traditional machining methods but relatively easy with 3D printing. 3D printing is now widely used in prototyping across a number of sectors where it can significantly lower the cost of development. 3D printing is also seeing strong traction in aerospace, by dramatically changing the economics associated with the one-off manufacture of precision components.3D printing is currently being explored in new contexts as well, most notably in construction and medicine.There are four primary applications for additive manufacturing systems; Rapid prototyping, Tooling,Direct part manufacturing and Maintenance & Repair.
Companies Mentioned: 3D Systems, Stratasys, Renishaw, GE Additive, HP Inc, Proto Labs, Organovo, ExOne, Voxeljet, Groupe Gorge, Beijing Tiertime, Blueprinter, Concept Laser, EnvisionTEC, EOS, Mcor Technologies, Nanoscribe, Optomec
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Source: EmailWire.Com
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