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(IT-NEWSWIRE.COM, December 09, 2017 ) 3D printing has the potential to hugely accelerate innovation, minimize material, energy usage and compress supply chain. It is form of an additive manufacturing technology where three dimensional object is created. Additive manufacturing often refers 3d printing as a new way of making products from a digital model. 3d printable design may be created by computer or by a 3d scanner. 3d printing is a machine star trek replicator and are used to printing manufacturing prototype, end user product, aircraft engine parts, etc. they uses variety of additive manufacturing technologies. 3d printing includes some of the benefits such as it saves money, clear communication, speed, single step manufacturing, cost-effective, risk migration, complexity and design freedom, customization, ease of access and sustainability. 3d printing are used in various sectors such as industrial, automotive, consumer, defense, aerospace, healthcare and others.
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One of the major driving factor fueling the growth of 3D printing is product development, reduced time-to-market and shortened development design cycles. In addition to this there are several other factors driving the market such as reduction in manufacturing cost, rising government initiatives, new and innovative printing technologies, high degree of accuracy, efficient use of raw material and customized product. However, the factors hindering the growth of 3D printing are high production cost and lack of channel partner assistance. Technological development of 3D printing such as incorporation of new material is expected to boost the market over the forecasted period.
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3D printing market is segmented on the basis of technology which includes FDM (fused deposition modeling), SLA (Stereolithography), DLP (digital light processing), SLS (selective laser sintering), SLM (selective laser melting), EBM (electron beam melting), LOM (laminated object manufacturing), BJ (binder jetting) and MJ (material jetting / wax casting) and further the market is breakdown as material such as polymer, metal, ceramic and others. Similarly, the market is further segmented on the basis of end user vertical such as industrial, consumer, defense, automotive, aerospace, research and education, healthcare and others.
The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, China, Japan, India, Australia, South Arabia, UAE, South Africa and Brazil. Some of the key players which dominate 3D printing are D Systems Corporation, Arcam AB, Autodesk, Inc., Amazon, GE Company, Materialise NV, The ExOne Company, Home Depot, Stratasys Ltd., and EOS GmbH.
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