Additive Manufacturing3D Printing
Additive Manufacturing (3D Printing)
In Africa, the market for 3D printers is still at its nascent stage; however offers huge growth opportunities in the coming years and is expected to grow at a CAGR of 25% Y-O-Y.
In global 3D printers market, 3D printers have been used primarily in Medical, Automotive, Tooling, Architecture, Industrial, Aerospace & Defense and other applications, where Automotive (Prototyping) application accounts for largest of the revenue & volume share. Over the next few years, Medical, Oil and Gas, Government, Aerospace & Defense applications are exhibiting promising growth in India’s 3D printer market, owing to increase in spending towards R&D of Aerospace & Defense segment.
3D Printing, also referred as Additive manufacturing, involves a layer-by-layer addition of material to form an object referring to a three-dimensional file with the help of software and a 3-dimensional printer.