A Review of Rapid Prototyping Industry in 2020

If you are a rapid prototyping services provider, then you are at a good fortune as the future of the rapid prototyping industry is bright. Technological innovations and inventions have fueled the growth of rapid prototyping services over the last decade. The booming engineering market is believed to be worth millions of dollars and to bring the jolted revolution vis-à-vis. manufacturing industry.

Quick Insights

The product rapid prototyping services market accounts for material suppliers,engineers and the manufacturers and designers who rely on such products. The technology includes 3D printing, CNC machining, and other surging manufacturing methods. Here are some statistics that show how the manufacturing method has grown in the past years and will improve in the coming decade.

• In 2020 U.S. rapid prototyping market is estimated at $309.9 million.
• By 2025, the global rapid prototyping market is expected to grow by $2.6 billion.
• The annual rapid prototyping market growth was accounted for 27% since 2015.
• The most triggered industries by rapid prototyping services are healthcare, transportation, consumer goods, and manufacturing.
• The thermoplastic market segment is the most popular; including both SLS and SLA rapid prototyping that has never-ending orders from all sectors.

Rapid Prototyping Triggered Industries

The rapid prototyping industry has been on a steady growth path over the few years decade.Although the technology conquers under less than 1% of the global engineering market, 3D printing is set to become a vital instrument for production workflows. Here are some of the prompted market segments of rapid prototyping:

Healthcare: The healthcare industry continues to reap benefits from rapid prototyping services to develop surgical models, medical devices, and custom implants.

Consumer Goods and Electronics: Be it tools, appliances, or cases, rapid prototyping has eased the way of fast manufacturing by offering consumer-ready plastic parts. The manufacturing technology has helped consumer goods and electronic companies to obtain identical products across several print runs.

Transportation:The automotive industry uses rapid prototyping to test new designs,and create highly detailed parts that aren’t possible with conventional manufacturing methods.

Manufacturing and Construction: With the help of product prototyping services, the manufacturer and constructor have the freedom to make a custom or personalized parts to gratify consumer needs. It also is a boon in a situation to create unique parts that fit perfectly and can be ordered in convenient batches ensuring quick delivery times.

Aerospace and Defense: The durable yet flexible materials allow manufacturers to create innovative designs that are suitable for avariety of extreme applications in the aerospace and defense sector.








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