3D Printing – It is Revolutionising the Indian Market

In last few years, 3D Printing technology was trying to make its commercial space in the loop of innovation, testing and application. However today it gains attention as a big-league commercial technology in the worldwide arena. Tapping into 3D printing, industries have become additionally responsive and scalable, thus assuring better performance in the ultimate run. No doubt, 3D printing has taken the manufacturing landscape in a thunderstorm, besides it is also creating an impact on our anticipation of inclusive global future scenario.
Why 3D Printing?

3D Printing Superiority

The native strength of this technology lies is producing complex geometrical products at a quick pace. As reported by the majority of enterprises, rapid iterations of prototypes and lead time reductions are the attractive aspects of 3D printers. The principal advantage of 3D printing technology is its ability to manufacture mass customized products without expensive machinery or dies for casting. Various sectors such as automotive, aerospace & defence, healthcare and consumer durable end markets are involved in steering and utilising 3D printing technologies. Being additive manufacturing technology, it promotes speeding up the innovation and broadening the industrial spectrum. Further, 3D printing techniques ensure major savings on tooling in comparison with conventional manufacturing technologies, such as injection moulding, computer numerical control (CNC) method and vacuum casting. As manufacturers are enhancing their confidence in 3D printing to accelerate their additive manufacturing strategies, quality is becoming more essential.
Exponential Growth!

3D Printing Market Potential

According to Technavio market research report, the global 3D printer market is predicted to reach US$ 11.92 billion by 2021, at a CAGR of more than 35 per cent from 2017 to 2021. This market potential is based upon drivers such as liberation in customised product development, ability to reduce manufacturing costs and government investments in 3D printing projects for the development and deployment of the technology.
Market Adoption and Growth in India

3D Printing Indian Market Picture

3D printing technology has started making its headway in India with the growth rate of 20%. According to industry sources, automotive and electronics accounts the major revenue share in the Indian 3D printer market, whereas healthcare, education, aerospace and defence domains are also observing remarkable growth. 6Wresearch, the market research firm states that the 3D printer market in India is projected to cross $79 million by 2021. Regardless, there is an enormous gap between the willingness of companies to adopt 3D printing in house and the qualified workforce required to make that possible. To build the foundation for bridging this gap, US Institute of 3D Technology (USI3DT) , has signed a MoU with leading American 3D printer company called 3D Systems and the state government of Gujarat. USI3DT is California based educational Institute that imparts knowledge and training of 3D Printing Technology to the Students , Professionals ,and Entrepreneurs from various industries. Examining the demand for 3D printing professionals, U.S. Institute of 3D Technology has established an Indian subsidiary at Ahmedabad to develop 3D printing courses for Indian students. 3D printing is a radical technology that enables businesses to overpower the myriad of stumbling blocks. Bearing in mind about its progressive growth, the industrial terrain is going to change very soon, thus professionals must have an understanding of this technology in the 21st-century global economy. Thereby, U.S. Institute of 3D Technology is playing a pivotal role in the growth of the Indian 3D printing industry.

Down the road

Considering price drop and increase in market awareness combined with substantial changes such as easier design capabilities, mass production compatibility and large-format objects production, the Indian 3D printing industry is witnessing optimistic growth. Hence, the blooming 3D Printing Technology has all the potential to contribute to the next industrial revolution. US Institute of 3D Technology (USI3DT) is bound to provide world class professional certification courses on 3D Printing Technology in India to prepare the young Indians for upcoming growth in this industry. You can Contact the core team to get more information on courses or follow our Facebook and Instagram pages to learn more about the 3D Printing Industry and latest news.

Related Posts

Leave a Reply