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Future of 3-D Printing—Key Implications to Industries

  • August 2014
  • -
  • Frost & Sullivan
  • -
  • 96 pages

Summary

Table of Contents

The Global 3-D Printing Market to be Worth $21.5 Billion by 2025

The research service sets the stage for visionary thinking by identifying and analyzing one of the upcoming manufacturing technology. Printing holds great promise to significantly impact the traditional manufacturing practice. This presentation would highlight examples of companies that are adopting the 3D printing in their process line, thus elucidating its impact on their business ecosystem. It also provides information on the total addressable 3D printing market size opportunity and discusses 3D printing business models, value chain and supply chain. It also provides an analysis of macro-to-micro implications of the various attributes of 3D printing—crowdsourcing, mass customization, small-batch manufacturing and on-demand production.

Key Findings
1 3-D printing will transform the future of manufacturing with its ability to eliminate time-consuming techniques such as cutting or drilling. With the computer-driven additive manufacturing technology, the industries expect to save up to % in prototyping costs.
2 The global 3-D printing market in 2025 is expected to reach a revenue potential of $ billion. The consumer and commercial products are expected to account for % of the 3-D printing market by 2025, which is expected to grow at a CAGR of % between 2009 and 2025.
3 Critical factors that will decide the mass adoption of 3-D printing by businesses and consumers are usability, functionality, and total cost of ownership. Considerable advancement in technology will lead to the development of 3-D printers with higher build speed and accuracy, which in turn will bring down the total cost of ownership.
4 The 3-D printing industry value chain is extremely fragmented with no clear one-stop-shop solution provider or one that offers end-to-end solutions. The emergence of integrators providing products/services across the value chain will drive the mainstream adoption of the 3-D printers in manufacturing.
5 As 3-D printers become more affordable, accessible, accurate (high resolution), and most importantly faster, they are expected to disrupt or collapse more industries than previously thought possible. For example, in the automotive industry, 3-D printing has already evolved to produce thousands of advanced automotive product components with per unit process speed reduced from hours to minutes.
6 Big supply chains will become obsolete. With the widespread commercialization of 3-D printing, the need to ship parts and products from or to local/regional makers will be eliminated, resulting in the near-sourcing of the components. This will lead to near-sourcing and energy savings of around to % from transportation and other logistics activities.
7 The United States and China are among the largest countries standing to gain the most from the 3-D printing opportunity based on their level of investment, government catalysis, and manufacturing potential in the 3-D printing market. As these nations emerge as global manufacturing hubs, countries such as Japan and the United Kingdom will stand to lose market ground unless they drive adoption of 3-D printing technology in key industries.
8 Increasing popularity of 3-D printing will create 4 key business models—direct manufacturing, contract manufacturing, 3-D printing as a service, and retail 3-D printing, with the latter 2 models being very unique. 3-D printing as a service is an online business model that is an amalgamation of contract manufacturing and the online marketplace model.
9 3-D printing is moving from rapid prototyping to finished products with the latest in research and development (R&D) revealing the ability to bio-print full human organs such as ears through bio 3-D printers (in the distant future, beyond 2030).

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