A large number of technological innovations in additive manufacturing procedures have been witnessed in the past years. Global 3D printing industry revenue from additive manufacturing products and services grew 28.6% (CAGR) to $2.204 billion last year. This is up from $1.714 billion in 2011, when it grew 29.4%, according to Wohlers Associates, an independent consulting firm's annual industry report.
SmarTech Markets Publishing has announced this week a new report "3D Printing Markets: Hope, Hype and Strategies" which combines an analysis of the new business opportunities in 3D printing with a ten-year forecast. SmarTech Markets Publishing estimates that sales of 3D printing hardware, software and services will be worth around $5.1 billion by 2018.
However, despite the hype about 3D printing leading to the reindustrialization of developed countries, or the arrival of a "Maker" revolution that will impact the world in the way that the PC revolution did, SmarTech believes that much of the growth in the next few years will be driven by reduced material wastage, lowered shipping and labor costs and a reduction in capital expenditures.
Only after 2018 does SmarTech expect genuinely new markets to emerge. For example, by then there will be a sizeable educational market for 3D printers sold into universities and technical/community colleges driven by the demand for training in 3D printing skills. Although SmarTech doesn't view the Maker movement as another PC revolution, it projects that maker/home use revenues for 3D printers will be $1.11 billion by 2020. Medical markets will also expand to $1.08 billion by 2020.
Posted in 3D Printing Technology
Maybe you also like:
- 3D printing market in China to reach $1.6 billion within three years
- Mary Meeker's 2013 Internet Trends: Re-imagination of manufacturing - 3D printing
- Amazon CEO: 3D printing will not change the distribution of products anytime soon
- Wohlers reports continued growth in 3DP, increase of low-cost 3D printers cools significantly
- Terry Wohlers fears U.S. loosing its edge in additive manufacturing
- Ultimarker: When augmented reality meets 3D printing
- White House Launches $200M Competition for three new manufacturing innovation institutes
- German ICT firms believe 3D printing will have significant impact on many industries
- Australian researchers develop body parts using 3D printing
- ICTP scientists publish free book: Low-Cost 3D Printing
- Infographic: Navigating the Future of Industry
J.Jansen-Smit wrote at 6/6/2013 4:32:02 PM:
LXL = www.LUXEXCEL.com
j.jansen-smit wrote at 6/6/2013 4:31:23 PM:
You should have a look to the new unique 3D printing technology of LXL. In the Netherlands they showed on TV primetime news the first fully 3D printed glasses including functional printed optics!