Three-dimensional (3-D) printing can help you think faster, innovate better and broaden the horizons of the manufacturing sector. But how will the 3D printing industry grow in India? What are the growing trends in this sector? What are the growth drivers? While trying to figure out the answers to these questions, we got some insights from stake holders in this industry, which we share with our readers in this article.
3D printing is an example of technology and manufacturing working together to become more flexible and scalable— allowing for enhanced efficiency and quality. 3-D printer software enables users to create a digital model from which physical objects are made. The primary benefit of this technology is the ability to manufacture customised…show more content… This is very conducive when manufacturing low-volume customised products of high value.
3D printing technology helps industries streamline their design processes and lower production costs. Today, manufacturers across a broad spectrum of industries including automotive, aerospace, dental, discrete, high tech, and medical products are all actively piloting and using 3D printing technologies. Prototyping continues to be the dominant reason why enterprises adopt 3D printing, with the opportunity of improving new product development and time-to-market being long-term goals.
Considering the growing importance of 3D printing in the electronics manufacturing ecosystem, we decided to take a look at the 3D printing industry in India to understand how it has been shaping up. In this edition, however, rather than merely presenting qualitative perspectives shared by industry members, we also thought of sharing industry trends that we arrived at through a mini-survey involving a sample group of senior level industry members.…show more content… With initiatives like 'Make in India', the domestic manufacturing sector is being encouraged, which automatically will play a pivotal role in the growth of the local 3D printing industry.
Currently, the Indian market is maturing. Various industries have already started using or are ready to use this technology, as they understand the benefits associated with 3D printing. Though the 3D printing service industry is growing at a good pace, the 3D printer manufacturing sector will require a push. Compared to the global 3D printer manufacturers, the Indian players have yet to establish their brands and lack volumes.
However, in the past few years, a significant number of companies in India have been coming forward to explore this segment. Around two to three years ago, there were very few companies in this industry but now, about five to seven companies are manufacturing 3D printers. People are getting easy access to 3D printing and the market’s expectations are very high.