3D printing is an essential part of Industry 4.0, i.e. the buzzword that describes technology and production in the era of the digital revolution. Like every industrial revolution, the fourth stage is also causing job profiles to change.
The use of 3D printing technology has potential effects on the global economy, if adopted world wide. The shift of production and distribution from the current model to a localized production
3D printing technology has been used in a variety of applications for over 30 years, including automotive, robotics, prototyping and chemical sciences [].This new industrial revolution will have a huge impact on the pharmaceutical industry.
Although the use of 3D printing technology has increased in recent years, its environmental impacts have not been investigated in detail. In the fabrication of components with traditional methods, typically a combination of manufacturing processes, such as molding, casting, bending, and welding is required. The environmental effects of these
Market growth and potential for 3D printing technology. βThe global 3D printing market size was valued at USD 13.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.0% from 2021 to 2028β. β Market Analysis Report by Grand View Research.
The medical industry uses 3D printing to create critical items, such as medical equipment, devices, and prosthetics. In order to print, objects first need to be designed using specialized 3D software. Once you have a 3D model, you can use the software as a viewer to see detailed, three-dimensional images of customized equipment and patient scans.
Where 3D printing was only suitable for prototyping and one-off manufacturing in the early stages, it is now rapidly transforming into a production technology. Most of the current demand for 3D printing is industrial in nature. Acumen Research and Consulting forecasts the global 3D printing market to reach $41 billion by 2026.
A 3D printer made for construction can cost between $20,000 to $100,000. In the construction industry, 3D printers are a fast, inexpensive, and accurate way to produce materials for a project. With the increasing efficiency and capabilities of these machines, 3D printers may become more intertwined with construction job sites in the future.
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impact of 3d printing technology