What are the challenges to market growth? However, it's a different story altogether when it comes manufacturers in the industrial space.
In Auburn, Alabama, GE Aviation will this year use 3D printing to produce more than 34,000 fuel nozzle injectors for what the company says is the fast-selling jet engine in commercial aviation history, the LEAP.
Together, they launched a new software module that enables customers to combine design, optimization, simulation, preparation of print jobs, and inspection processes in a managed environment.
The site will serve industries including aerospace, automotive and power generation. "3D printing presents a number of compelling business benefits, which are driving adoption of the technology globally".
According to the report, North America is one of the leading markets for 3D printing powder market, with USA at the forefront of demand.
In 2016, Siemens had acquired a majority stake in 3D-printing specialist Materials Solutions. These segments are also expected to remain at the forefront in the next few years and will continue to contribute a big share in the global market revenue over the report's forecast period as well.
Global trends and opportunities that shaping the growth prospects of the 3D Printing Market.
While 3D printing has sometimes proved to be slow and frustrating for small-scale users, it was always clear that its long term potential lay in the smart production of engineering parts and other large-scale industrial applications.
The major market players and their business strategy for success.
"3D printing allows smaller companies to compete with industry giants through agility".
However, some promising Chinese companies such as UnionTech and Hunan Farsoon High Technology are making headway in the field and might soon join the ranks of 3D Systems Corporation, Stratasys Ltd, Sculpteo, and Voxeljet AG.
According to the report, the growth of the industrial 3D printing market is driven by the reduction in the manufacturing cost and process downtime, decrease in lead time due to lesser manufacturing steps, and ability to produce multiple individual parts which support customized tools and machinery parts production.
In his talk Fernando will discuss how the digital datapath for conventional inkjet printing, as it is commonly used in graphics and arts applications, has to perform three critical functions: image colour translation and separation; image halftoning for optical density linearisation; and mapping to translate computer images into precise locations on the print media.
Marketsandmarkets.com found that industrial 3D printing holds great potential in the printed electronics industry as it provides the opportunity to engineers to develop objects with complex internal structures, which otherwise would be hard to produce using traditional methods. The global Dental 3D Printing market is valued at XX million Dollars in 2016 and is expected to reach XX million USD by the end of 2023, growing at a CAGR of XX % between 2016 and 2023.
Common electronic materials including conductor, dielectric, resistor, and semiconductor inks can be processed to print sensors, antennae, shielding transistors, solar cells, light-emitting diodes, and other active and passive components. And Additive Industries, a Dutch company that supplies metal 3D printers to the likes of Airbus, Alfa Romeo, and automotive/aerospace components company GKN, announced plans to open a United Kingdom development centre at an undisclosed location. Further, 3D printed automotive components also offer a higher level of functionality, which is leading to growth of the market.
Other companies also have their eye on metal 3D printing, as several announcements during March demonstrated.