3D Printing Industry Growth Figures

According to Expert Consulting, the global 3D printing market was valued at USD 8.312 billion in 2017, and is expected to reach a value of USD 35.36 billion by 2023, at a CAGR of 27.29% over the forecast period (2018 – 2023). The scope of the report considers hardware, software, and services solutions offered by major players in the market. This report focuses on adoption of these solutions by various end users across the globe. The study also emphasizes on latest trends and industry activities that have a lasting impact on the market.

With technological advancements and product innovations, use of 3D printing technology has found various application in a wide variety of areas, such as jet engines, advanced prosthetics, and even living tissue (with a potential to disrupt the entire manufacturing industry). The industry is being constantly driven by technological developments, which promise higher flexibility and enable faster design. Further, manufacturers have realized the advantages that 3D printing offers, such as optimizing material, labor, and transportation costs.

The downside to every growth point in technology is control. How can governments control the printing of live tissue, copyright violations and printing of illegal material?

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