Despite the stock price hit several public 3D printing manufacturers have taken lately, the news is good for the future of 3D printing. A report from IDTechEx goes into more detail, but the item that most intrigued me was the comment that there will be waves of new, innovative 3D printing applications coming out of embryonic stages over the next decade. So buckle your seat belts, the media hype wave is only taking a breath before the next hit.
According to Dr Jon Harrop, Director, IDTechEx , the global market for 3D printing should reach at least $7 billion by 2025. Existing applications will continue to expand but many emerging applications will also be commercialized. As early as 2020, new applications of 3D printing will begin to displace even the highest-value existing applications. By 2025, most of the market value in 3D printing will be from applications that are not commercially available today.
The IDTechEx research report, Applications of 3D Printing 2014-2024 gives the full picture, including aerospace and biotech. Established users of 3D printing, such as the aerospace and automotive industries, will continue to expand their use of 3D printing for prototyping and tooling.
The use of 3D printing to manufacture critical production components will grow in the low-volume high-margin sectors, most notably the space and aerospace industries. The high profile work by GE to get 3D printed fuel nozzles flying in commercial airliners in 2016 will revitalize the hype around 3D printing.
Not long after, the application of 3D bioprinting in drug research and cosmetics by companies like Organovo will be front page news, rather than news for more niche media outlets, aligning with social megatrends around the ethics of animal testing.
The media recently hyped the use of consumer 3D printers, claiming that they will revolutionize manufacturing worldwide, and more recently the use of 3D printing for orthopedics. Although the hype around these applications is declining this is still just the beginning.
“Wave after wave of 3D printing applications are moving out of R&D and each will get its 15 minutes of fame. This cycle will continue for at least another ten years as a long list of applications are rolled out commercially one after another,” said the report.
Many potential applications of 3D printing are still in the lab. 3D printed electronics has huge potential but is still embryonic in terms of development, with main players taking their first steps by 3D printing conductive and insulating materials into a single object. 3D printed electronics, including 3D printed transistors, will not be fully realized within ten years but some emerging medical applications will be commercialized well before 2025. With huge markets and minimal competition, these applications will grow very fast and quickly displace traditional engineering applications of 3D printing.
The report covers how 3D printing processes are being used in various industries today and how industries will use the technology in the future. Existing and emerging applications of extrusion, sintering, melting, welding, jetting, stereolithography and digital light processing are described as well as two photon lithography and microsintering. Sectors covered include aerospace, automotive, architecture, art, consumer, clothing, education, gadgets, hobbyist, justice, medical and sport as well as prototyping.
Applications involving the 3D printing of thermoplastics, photopolymers, metals, ceramics, foods, plaster and concrete are described. Existing and emerging uses of 3D printing in North America, Europe and the Far East are covered. The report covers 101 different companies involved in all existing 3D printing applications and contains the results of many new interviews with different institutions providing exclusive information about their current and potential uses of 3D printing. Interview-based profiles are given for the 38 main players.
Leslie Langnau
llangnau@wtwhmedia.com
