We have been hearing about the impact of 3D printing on manufacturing for quite some time, but forecasts show the technology is set to make a huge impact on mainstream manufacturing.
"It takes vision and precision to transform an industry, especially one as vast and varied as the $12 trillion manufacturing segment. But, that’s exactly what’s happening as 3D printing moves from innovation and prototyping workloads into mainstream production manufacturing workloads."
71% of manufacturers are using 3D printing now and half will increase their spending on this technology in the next year. Click the link for some great infographics on the current status and projections.
According to Gartner, 3D printing has great potential. Total spending is predicted to grow at a 66.5% CAGR to $17.7 billion in 2020 with over 6.5 million printer sales. Gartner also predicts that “by 2020, 75% of manufacturing operations worldwide will use 3D-printed tools, jigs and fixtures made in-house or by a service bureau to produce finished goods. Also, 3D printing will reduce new product introduction timelines by 25%.” Enterprise 3D printer shipments is also expected to grow 57.4% CAGR through 2020. Read More