The global rapid prototyping materials market was valued at USD 0.2 billion in 2015 and is projected to reach USD 0.9 billion by 2021, at a CAGR of 26.8% from 2016 to 2021.
Source: Markets and Markets
The global rapid prototyping market is expected to reach USD 6.5 billion by 2026. The market is projected to expand at a CAGR of 12.91% during the forecast period from 2018 to 2026.
Source: Transparency Market Research
What are the business advantages of rapid prototyping for companies?
Rapid prototyping provides engineering, design and development teams with distinct advantages over traditional prototyping. Several key advantages include:
What industries are using 3D printing rapid prototyping?
3D printing prototyping can be applied to virtually any industry that builds physical products or assets. However, workflows and design goals differ between industries. Here are three examples:
What 3D printing technologies are used rapid prototyping?
The most common 3D printing technology by the number of users is fused deposit modeling (FDM). The advantage of FDM is that it uses durable materials with mechanical properties that are stable over time. The production-grade thermoplastic materials used in FDM are suitable for detailed functional prototypes, durable manufacturing tools, and low-volume manufacturing parts.
FDM begins with a software process which processes a STereoLithography file format (STL file), mathematically slicing and orienting the model for the build process. If required, support structures are generated. The machine can dispense multiple materials to achieve different goals. It uses one material to build up the model and a second material as a soluble support structure. FDM can also print in multiple colors of the same type of thermoplastic on the same model.
What business challenges could impact the adoption of rapid prototyping with 3D printing systems?
Prototyping is the earliest and most common use case for 3D printing technology. It makes business sense for an increasingly broad number of industries. Nonetheless, there are several adoption challenges.
A growing number of service firms provide 3D printing as a service. These firms allow customers to avoid fixed costs and provide the expertise needed to select the right material and optimize the accuracy of the prototype.