The Future of 3D Printing in the Business World

3D Printing

TechsPlace | During some recent years, science has given various amazing technologies to this world that have effectively revolutionized the business sectors. Moreover, the current era is indeed the era of technology in which everything in this world has a strong influence on the latest technologies.

Artificial Intelligence, the Internet of Things (IoT) and there have been a number of remarkable achievements of technology that have made the life of people much easier and faster. Among all the modern wonders of science, there is a unique technology that is getting the world’s attention and it is ‘3D Printing’

What is 3D Printing?

According to Wikipedia, when some materials are joined together under a computer control in order to create a three-dimensional (3D) object, this process can be regarded as ‘3D Printing’. This technology is widely used for additive manufacturing in which, different kinds of 3D models or shapes are produced with the help of 3D printers.

Since this technology helps turn 3D models into solid objects, a number of manufacturing companies have already started making the most of it. Also, many product designers and developers are also using 3D printers to design new products for industries and manufacturers.

The Effects of 3D Printing in Today’s World

In the current scenarios, new materials are being introduced that are effectively improving the quality of 3D printing capability and also reducing the cost to a great extent. Unlike initial years, a small business can now get 3D printing facility by buying lightweight printers or getting the professional services of a 3D printing company.

Transforming from a prototype system to a machine of daily use, the technology has consistently been generating its strong importance in different areas of work. Sometimes, it happens to be impossible to design aerodynamic parts and only 3D printing helps in it.

There are also many companies that are offering 3D printing as their core services. For example, Geo Design Engenius is an emerging company that offers 3D printing and design engineering services. There has been a great scope of this latest technology especially among the companies that offer product and design and development services.

The Future of 3D Printing

It has been the talk of the town for 2 or 3 years that 3D printing is actually the future of factories. In fact, you can say it as a fantastic innovation that has brought a great industrial revolution in this modern world.

A survey by Statista states that additive manufacturing or 3D printing is one of the most disruptive technologies of this modern world. Moreover, this innovative technology has even started the fourth era of the industrial revolution. Business experts are even saying that the global market of 3D printing is expected to reach u to 50 billion dollars in 3 to 5 five years.

Another reliable survey says that the worldwide spending on additive manufacturing in 2019 will be more than 14 Billion US Dollars. This shows that the market size of this technology is expected to take no stops in the path of its triumph.

It’s true that the first 20 years of 3D printing were not so successful and it was only used for prototyping. However, for some recent years, it has extensively been used for mass productions all over the world. Forbes states that this particular technology is an unstoppable force that is surely going to see rapid growth in the race of becoming the leading industrial technology.

It’s not just about factories, manufacturers, or industries; 3D printing is used for both our domestic and work life. It is because that direct-metal printing is getting popular across the world. Moreover, it has become easier and faster for a common man to make use of 3D printing and design some creative objects.

3D Printing, Artificial Intelligence and the Internet of Things (Big 3 of Future)

It’s for sure that these 3 modern technologies are going to lead the world with full power. It is presumed that these three technologies will work together to not only improve the way of life but also the process of manufacturing and construction. Along with improving the work efficiencies, these three technologies will also minimize the risks workers come across with.

EGov Innovation says that 3D printing will (in fact is working) work best for the industries where customization is critical and risks are also involved. Also, through this technology, there many industries that will bring some notable changes in their manufacturing process. The industries may include engineering, automotive, medical, and every industry that produces consumer products.

Along with additive manufacturing, the future of AI is also quite bright and the technologies are surely going to work together centuries. At numerous important platforms, AI has achieved remarkable performance during some recent years. For example, the accuracy of crucial automated image recognition has amazingly improved up to 95% just because of this innovative technology.

From intelligence scheduling to predictive maintenance, AI is going to lead the whole scenario from the front along with its contemporary modern technologies including IoT and 3D printing.

The Internet of Things (IoT) is also claiming to have a flamboyant future. It’s enjoying its great monopoly with a worldwide investment of around $35 billion and it is expected that the investment may get double by 2020. From smart enterprise control to augmented operations, this particular technology has successfully influenced the whole world. The specialties of IoT like easy cloud connectivity, sensors, asset performance, and data analysis are expected work with additive manufacturing in the future.

Conclusion

Thus, there shouldn’t be any doubt that 3D printing or additive manufacturing has a great future ahead. Moreover, more and more pragmatic implementers and innovators will join this race to help this vision to product everything in a 3-dimensional form!

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