The rapid adoption of 3D printing globally is perhaps the most dramatic change in manufacturing since the industrial revolution of the 19th century.
The evolution of 3D printing from a prototype to a highly advanced manufacturing technology has greatly boosted its uptake in Asia-Pacific. With mounting pressure from mass customization, alongside the need to reduce the time-to-market of products, 3D printer manufacturers have had to innovate to new technologies and faster printing speeds.
“Recognizing the ability of 3D printing to boost productivity and strengthen their manufacturing sectors, governments around the world have launched several initiatives to promote additive manufacturing,” said Industrial Process Control Consultant Shreyas Krishnamurthy.
“This technology is also being actively utilized in the medical industry to build customizable implants and devices,” he added.
With the addition of technologically advanced features to 3D printers, the market is rapidly heading towards open source 3D printing. This technology could very well transform consumer lifestyle by simplifying parts designing, developing product architecture, and even printing artificial organs through modified stem cells.
3D Printing and Its Growing Importance in the Asia-Pacific Manufacturing Industry is part of Frost & Sullivan’s Industrial Automation & Process Control Growth Partnership Service program. The research presents in-depth analysis of the leading contenders in the 3D printing space, such as, Stratasys Ltd., 3D Systems and EOS GmbH. It makes a detailed comparative study of desktop and industrial 3D printers to help potential buyers make informed purchase decisions. Additionally, it will benefit investors by presenting them with the best ways to achieve rapid return on investment.
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While there have been major improvements in 3D printing technology, the high cost of ownership and volume production, the absence of well-structured 3D printing standards and a lack of material support in the existing printing equipment, have restricted their adoption to just 2% of the Asia-Pacific manufacturing market. To overcome these challenges, 3D printer manufacturing companies need to aim beyond developing technically advanced equipment and try to ensure that customers receive real business value.
“Asia-Pacific, with an extensive industrial base, supportive government policies, and increased R&D spending, presents companies with significant opportunities for growth in 3D printing,” noted Krishnamurthy.
With almost 60% of the world’s population being based in this region, including two of the world’s fastest growing economies in China and India, the region is well poised to lead the global 3D printing market in the future.