The Hottest 3D Printing Trends for Businesses this 2018
3D printing is fast growing as an invaluable technology to simplify and streamline procedures and workload for manufacturing industries. Adoption of 3D printing is also becoming more widespread due to its automated processes, integrated software, and collaborations with various industries.
Businesses only stand to benefit from the adoption of 3D printing into their day-to-day operations. If you still need further convincing about integrating this powerhouse technology into your businesses, here are the latest 3D printing technology trends for businesses.
Additive manufacturing will be a $28-billion industry by 2023
Additive manufacturing is the practice of building 3D objects by adding layer-upon-layer of material made of metal, concrete, metal, and even human tissue. Its adoption is predicted to continuously expand and reach $28 billion of sales by 2023, according to the 2018 3D Printing and Additive Manufacturing State of the Industry Report by Wohlers Associates.
Supporting this statistic is the result of the latest Sculpteo study, The State of 3D Printing, which was published this year. Seventy-two percent of the companies surveyed are said to increase their spending on additive manufacturing in 2018.
Accelerating product development is the number one reason why companies are turning to 3D printing
The number one priority of companies that rely on 3D printing is accelerating product development. Based on the 2018 Sculpteo study, those who have declared this a priority have increased to 39% in 2018 from 29% in 2017. It is also the area that they most want to improve on over the next 5 years.
93% of companies that utilize 3D printing have made great competitive advances this 2018
Almost all of the companies surveyed in the 2018 Sculpteo study have greatly benefited from 3D printing. They claimed that 3D printing has helped them reduce time to market and production run flexibility for customers.
Aeronautics is the leading industry that uses 3D printing
The aeronautics industry has a growing reliance on 3D printing technology over the years due to its cheaper production costs and shorter turnaround times. A whopping 64% of aeronautics companies that took part in the Sculpteo study use 3D printing in production. This makes them the top industry to use the technology. Furthermore, 37% of them reported more than a $100K spend on 3D printing in 2017.
Business-functional applications are the top uses for 3D printing in 2018
While 3D printing is great for a wide range of uses, the top three 3D printing applications are prototyping (55%), production (43%), and Proof of Concept (41%), according to the respondents of the Sculpteo study. Prototyping has experienced an increase of 21% from last year. It is the same with production jumping from 22% in 2017.
3D printing is seen by businesses as a way to make advancements in their product/service quality, innovation, and customisation. If you want to foster efficiency within your organization, Perth businesses are invited to join us at Spacecubed this November 20th, 2018 where we’ll be letting everyone try the Ultimaker S5, the smartest 3D printer available on the market today. Get to see firsthand the magic of 3D printing. For questions, contact us through email@example.com.