Is there a scope for 3D printing in India?

3D printing is in a very early stage in India when compared to various developed economies across Europe, America and Asia. According to a research conducted by 6Wresearch, India’s 3D printing market is projected to grow at around 20 percent CAGR during 2014-19.

What is the scope of 3D printing?

The scope of 3D printing encompasses objects like aircraft components, musical keyboards, interactive posters, human organs, and much more , such as this 3D printed model of a child’s heart. Distributed manufacturing allows extreme customization and low-volume production of products.

Is there a market for 3D printing?

The worldwide market for 3D printing products and services was valued at around 12.6 billion U.S. dollars in 2020. The industry is expected to grow at a compound annual growth rate of some 17 percent between 2020 and 2023.

How much does it cost to 3D print in India?

“Cost ranges from as low as ₹80,000 to ₹1.5 crore, depending on technology and build size for polymer printing. Material cost varies from ₹2 per gram to ₹15 per gram depending on the choice of material.

Does 3D printing have a future?

3D printing, or additive manufacturing, has the potential to democratize the production of goods, from food to medical supplies, to great coral reefs. In the future, 3D printing machines could make their way into homes, businesses, disaster sites, and even outer space.

What is the medical future of 3D printing?

3D printing is used for the development of new surgical cutting and drill guides, prosthetics as well as the creation of patient-specific replicas of bones, organs, and blood vessels. Recent advances of 3D printing in healthcare have led to lighter, stronger and safer products, reduced lead times and lower costs.

Can you start a business with a 3D printer?

You can build a successful 3D printing business by producing prototypes for others with a quick turnaround time. Entrepreneurs with a vision or design that they hope to bring to life look to 3D printing experts for rapid, lower cost options for product development compared to traditional manufacturing methods.

What is the future of the 3D printing industry in India?

According to a report from 6Wresearch the total 3D printer market could reach $79 Million by 2021. As the Government pushes its “Make in India” campaign and hence promoting manufacturing in the country, the 3D printing industry seems to have a bright future.

What is the scope of 3D printing in the future?

3D Printing is definitely an emerging field and has lot of scope. But unlike mobile technology which has major application in B2C, most of the applications of 3D Printing are in B2B segment and most of these are in Retail, Automotive & Manufacturing industries.

Will India ever have a low cost desktop 3D printer?

Many experts believe that it takes another 3-4 years before a truly world-class, low cost desktop 3D printer emerges out of India. According to a research conducted by 6Wresearch, India’s 3D printing market is projected to grow at around 20 percent CAGR during 2014-19.

What is the market value of 3D printing in 2012?

A marked jump in the value of the market for 3D printers and services globally was seen in the year 2012 with almost a 29\% rise in the value to $2.2 billion as compared to 2011. What is 3D printing? 3D Printing or Additive Manufacturing is a process by which almost any three-dimensional object of any shape can be made from a digital model.