Why Automotive and Medical Application Sectors will Continue to Lead Global 3D Printing Market

3D printing, also known as additive manufacturing, has taken the technology world by storm. 3D printing is considered as one of the revolutionary technologies that have a strong potential to alter the established manufacturing process. The potential of 3D printing is dynamic and diverse and many sectors are coming up with new innovations every year as the technology becomes more effective, affordable, and efficient. By application, the global 3D printing market is segmented into medical, automotive, industrial, aerospace, education, military and defense, and others.

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The two key sectors leading the global 3D printing market are the medical and automotive industries. Here are the trends that are driving and will continue to drive the application of 3D printing in the automotive and medical sectors in the coming few years.

Automotive Sector
Manufacturers in the automotive sector were among the earliest adopters of additive manufacturing technology. At present, rising utilization of 3D printing is seen in the manufacturing processes of several carmakers.

• A growing number of 3D printed prototype parts are being manufactured by various automotive manufactures.
• Use of 3D printing in the automotive industry has undergone a notable evolution. Earlier, 3D printing was utilized for creating concept models and design verification; currently, it is used to manufacture functional parts used in production cars, including sometimes entire engines.
• In addition to this, the reduction in time required for creating prototypes using 3D printing, the elevated length of the supply chain, decreasing cost of prototyping, and decreasing raw material usage will further propel the global 3D printing market.

Some of the key automotive companies deploying 3D printing in the production of mainstream cars are Ford, Honda Motor Co., General Motors, and Daimler AG.

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Medical Sector

3D printing is supporting customization of medicine. This is the new trend expected to propel the global 3D printing market in the years to come.

• By using biocompatible materials, medicines can be made to perfectly suit a particular patient. Companies in the medical devices sector are using drug-contact and biomaterials to create enhanced devices that are compatible with the patient.
• In addition to this, 3D printing allows mass customization, in which several individualized items can be manufactured simultaneously. This saves valuable time and energy and improves the efficiency of the manufacturing process. These key benefits of 3D printing will drive its demand from the medical sector immensely in the coming few years.
• Early adopters in the medical 3D printing sector are using this technology to manufacture personalized medical devices such as hearing aids. A growing number of companies are now investing in 3D printing technology and deploying it to make prescription glasses, hip and knee replacements, and dental implants.
• Ongoing R&D to develop suitable materials for diagnostic and therapeutic use will further drive the use of 3D printing in the medical sector

Some of the companies using 3D printing for commercial medical applications are Helisys, Organovo, and Ultimateker.