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3D Printing: A Leader of Disruptive manufacturing
The 3D printing market is growing rapidly as innovative printing products continue to be introduced. Wohlers Associates estimates the annual global 3D printer market to be $7.3 billion in 2016 and to grow to $12.7 billion by 2018, and reach $21.2 billion in 2020. In 2014 54 companies raised a total of $72 million in venture capital in the 3D printing industry, according to CrunchBase.
3D printing is being used for things as varied as space exploration, creating drones, animal and human bio parts, violins, pizzas and guns.
Vivek Wadha, technologist and entrepreneur, wrote for Forbes on the possibilities of 3D printing and what the future will bring, saying that “soon, we will have printers for this price that can print toys and household goods. Within this decade, we will see 3D printers doing the small-scale production of previously labor-intensive crafts and goods. In the next decade, we can expect local manufacture of the majority of goods; 3D printing of buildings and electronics; and the rise of a creative class empowered by digital making.”
