The entire market of consumer electronics has grown more significantly with the effective developments in the technology of 3D printing in the numerous sectors. Whereas, the industry of manufacturing has started transforming with the evolution of 3D technology. The 3D printing is any of numerous procedures in which material is combined or solidified under computer control to generate an effective three-dimensional object, along the material being added together. The term ‘3D printing’ formerly referred to a procedure that deposits a binder material onto a powder bed with the inkjet printer heads layer by layer. For instance, presently this term is being referred to a popular vernacular to comprise a huge variety of additive manufacturing procedures. Additionally, the key players of this market are dominating the handsome amount of share across the globe by making attractive development which increases the demand of this in the manufacturing techniques. This results in leading the fastest market growth during the forecasted period.
According to the report analysis, ‘Worldwide 3D Printing Market in Aerospace and Consumer Electronics – Technologies (FDM, SLS, SLA, Others), Materials (Plastic, Ceramics, Rubber, Metal, Wax, Others), Regions – Drivers, Opportunities, Trends, and Forecasts, 2016-2022’ it states that there are several key players which are recently functioning in this market more effectively for acquiring the handsome amount of share around the globe by adopting the attractive strategies and policies to transform the techniques of work doing includes 3D Systems Corporation, Stratasys Ltd., Boeing Co., Airbus Group SE, General Electric Aviation, International Business Machines Corp. (IBM), Microsoft Corporation, Google, Amazon and several others. Moreover, the key players of this market are investing more significantly in the programs of research and development which lead an effective market growth in the short span of time.
The 3D printing technology is majorly being adopted by the consumer electronic industry. The manufactures are able to develop their supply chains, and design minute, light weight product components with the support of the 3D technology. Additionally, with the effective usage of the 3D printing and attractive applications the market of 3D technology is spread across the globe. Whereas, the North America region and Europe are recently dominating the worldwide 3D printing market. The plastic and metal are the preferred 3D printing materials, meanwhile the layered 3D printing technologies are the preferred 3D printing technologies. Furthermore, the worldwide 3D printing market in Aerospace and Consumer Electronics market is predictable to reach USD 11.14 by 2022 at an appraised CAGR of 28.2% for the forecasted period 2016-2022.
For the past 2-3 years, the 3D printing market has begun the piercing into the aerospace industry. A lot of corporations and government bodies such as Space exploration centers have begun investing in the 3D printing technology. Moreover, with the support of the 3D printing technology, the aerospace manufacturers are capable to decrease the cost of raw materials, decrease the aircraft cost and develop the interiors of the aircraft. Furthermore, it is anticipated that the market of 3D printing will increase across the globe in the near future over the recent decades.
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