Market research has shown that 3D printing is expected to have a global growth rate of 21% in the coming five years1. The market value of 3D printing in 2022 almost hit 20 billion, so what are the projected factors contributing to this steady growth rate?
3D printing has grown as a source of efficient manufacturing for multiple industries, including automotive and healthcare. It is also playing a role in education by being a hands-on resource for learning about manufacturing processes and concepts.
At 3D Composites we have seen the rise in industries reliability on 3D printing. The increase of small parts that we have printed for medical components, as well as automotive prototypes, has shown us that this trend is gaining momentum. The ability for our customers to have their custom designed parts made to industry standards has been the focal point at 3D Composites. More and more industries are seeing that 3D printed parts can be a lightweight, faster, and more cost-effective option without losing quality.
The forecast for 3D printing has taken their projections from the current major players in the market. Their breakdowns for 3D printing technology and processes include the preferred methods of 3D Composites. Fused Deposition Modeling (FDM) has been a mainstay for our company. It is a proven process for aerospace and has a wide variety of materials that would work for any industry. Selective absorption fusion (SAF) combines the technology of powder bed fusion and certain binder jetting techniques2. It is a newer process, but it’s capability for producing structurally sound parts at a higher-volume has been an additive manufacturing game-changer in recent years.
Market Highlights at 3D Composites
3D Composites is a 3D printing service bureau that provides prototyping, tooling, and end-use parts for all industries. We are AS 9100 and ISO 9001 certified and use top of the line industrial printers and materials. Contact us to learn more about how to give your business the competitive advantage with a growing manufacturing technology.
1 3D Printing Market Trends… 2023-2028
2 SLS, SLA, or SAF? Comparing 3D printing methods