With the entrance of big players like HP, Buggati, Adidas, and BMW in the additive manufacturing arena, stakeholders are convinced that 3D printing will bring about a revolution in the manufacturing industry.
3D Printing technology has gone through a cycle of testing, innovation, and application. These developments have grabbed attention as the next big thing in the manufacturing industry. The annual growth rate for the 3D Printing market is expected to be between 18.2% and 27.2% with the compound annual growth rate (CAGR) averaging at 23.5%. These figures indicate a growth rate that is three times the size of this industry in merely 3 years.
This technology has attracted various categories of end users such as start-ups, Small, or Medium Enterprises (SME) and hobbyists. The end-user feedback has a significant influence on the changing trends, and continuous improvements have been made not only in the technology but also in the materials used to ensure no compromise made on quality. For instance, ASTM recently released a set of standards outlining best practices for metal-powder bed fusion processes to ensure its quality for critical applications such as aerospace and medical industry.