Guide: On May 9th, according to Computer World Magazine, the American Consumer Technology Association (CTA) and United Parcel Service (UPS) jointly released a report titled "3D Printing: The Next Revolution in Industrial Production", predicting the future 4 This year's market revenue will double to $21 billion. Last year, the value of the 3D printing market increased by 30%. 
On May 9th, according to Computer World Magazine, the American Consumer Technology Association (CTA) and United Parcel Service (UPS) jointly released a report titled "3D Printing: The Next Revolution in Industrial Production", predicting the next four years. Market revenue will double to $21 billion. Last year, the value of the 3D printing market increased by 30%.
Report: 3D printing will increase revenue by 2 times to 21 billion US dollars in the next 4 years
The report predicts that the market value of the 3D printing industry will reach $7.3 billion this year, including printers, materials and printing services. By 2020, the value of this industry is expected to reach 21 billion US dollars. Among them, the consumer electronics and automotive industries will drive the 3D printing industry to grow by 40%, while medical devices will drive growth by 15%. For example, 98% of hearing aids worldwide are manufactured using 3D printing technology.
Report: 3D printing will increase revenue by 2 times to 21 billion US dollars in the next 4 years
The report also pointed out that most of the revenue of the 3D printing industry comes from Western countries, such as North America and Europe, which will account for 2/3 (or 68%) of the 3D printing market revenue. At the same time, the Asia Pacific market accounts for 27% of total revenue. The study compiled a number of published research information, such as the 2015 "Wohlers Report", 3D printing industry and analysts' forecasts, with the aim of analyzing the factors that influence the continued popularity of 3D printing technology.
Report: 3D printing will increase revenue by 2 times to 21 billion US dollars in the next 4 years
According to the report, two-thirds of manufacturers currently use 3D printing technology to some extent, and 25% of manufacturers plan to adopt this technology in the future. Major reasons for companies adopting 3D printing technology include prototypes (25%), product development (16%), and innovation (11%).
Report: 3D printing will increase revenue by 2 times to 21 billion US dollars in the next 4 years
Early adopters of 3D printing technology mainly used their prototypes. In fact, 3D printing accounts for only 0.04% of the global manufacturing market, and prototyping is a common use. Research firm Wohlers Associates believes that 3D printing technology will eventually account for 5% of the global manufacturing market, which represents a huge opportunity for $640 billion.
The report said: "This is a disruptive market, technology adopters will use 3D printing technology to prototype to support and simplify production to achieve new manufacturing efficiency. In addition, for the company, the use of 3D printing technology represents a huge opportunity For example, smartphone manufacturers are beginning to use 3D printing technology, no longer use it to make prototypes, and some parts are being produced using 3D printing.
According to the report, from 2012 to 2014, the main market growth rate of 3D printing is at least 30%. This market includes 3D printing systems, materials, supplies and services. The rest of the growth comes from the secondary market, including tools, modules and castings. For example, Ford already has five 3D printing prototype centers that provide tens of thousands of prototype parts every year.
Although a large number of manufacturers have begun to use 3D printing technology, the full potential of this technology is still far from being discovered. The greater opportunity is hidden in the production of parts and components, which is also a fast growing area for 3D printing applications. The trend of manufacturing parts using 3D printing technology is increasingly evident. In 2003, global 3D printing products and services revenues were basically zero, reaching $1.8 billion in 2014.
Currently 2/3 of 3D printing users believe that they have not fully exploited the advantages of 3D printing technology. If companies can better understand the benefits of 3D printing technology, 45% of companies are willing to adopt this technology. 3D printing technology also accelerates the development and delivery of custom products, increasing flexibility through better inventory management and real-time adjustment of product production based on variable demand.
Other advantages of 3D printing technology in the report include: For certain areas, 3D printing technology has manufacturing advantages in small-volume manufacturing products, and has cost advantages due to efficiency gains, while providing unparalleled flexibility. In addition, 3D printing technology can improve product quality by reducing component weight, better ergonomics and more design freedom.
However, the use of 3D printing technology in the manufacturing process can lead to product inconsistency, which may affect product durability. The report stated: “When deciding to use 3D printing technology or traditional manufacturing processes, it is important to consider needs and priorities. Just like in other areas, we need to weigh the pros and cons.â€
(Original title: Report: 3D printing will increase 2 times in the next 4 years to 21 billion US dollars)
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