Market Trends of 3D & 4D Technology Industry
Increasing Applications of 3D Printing Across Various End-user Industries
- 3D printers are used in numerous industries, including education, aerospace, healthcare, and non-custom prototyping. Further, 3D printing technology can also be employed to develop new manufacturing processes. The market is anticipated to benefit from innovative 3D and 4D-made shoes. The 4D cushioning in shoes is a contemporary creation for professional athletes and ordinary exercise consumers.
- Further, the potential of metal-based 3D printing would allow for the creation of rare, discontinued replacement parts in numerous applications. Repair shops can handle a variety of clientele, and online retailers can print unique parts, providing more products through a just-in-time inventory approach.
- The automobile industry is rapidly using 3D printing to prototype new car models. It is also used to produce spare and replacement parts in aerospace-related sectors. Further, healthcare has a wide variety of 3D printing applications ranging from molds in dentistry to prosthetics and 3D printed models for complex surgeries. It is promising to prevent card-present fraud in point-of-sale systems and ATMs. For instance, banks are now using 3D printing to design and produce ATM components that contain credit card skimming.
- For instance, Anycubic, a 3D printer manufacturer, recently announced its Anycubic Kobra series and Anycubic Photon M3 series of 3D printers, featuring advanced Anycubic LeviQ auto bed leveling technology and Anycubic LighTurbo matrix light source that provides a radically improved user-friendly experience and enhanced print details. The Kobra Max 3D printer features a build volume of 17.7 x 15.7 x 15.7. / 45 x 40 x 40 cm (HWD), which enables large-scale objects to be printed easily.
- Also, the United States-based 3D printer manufacturer 3D Systems recently entered a partnership with artificial intelligence (AI) medical firm Enhatch to design and deliver patient-specific medical devices more efficiently. The companies will combine their respective expertise and technologies to create an optimized, automated, and scalable workflow for fabricating medical devices through the partnership.
- As per Sculpteo's The State of 3D Printing 2021 report, increasing product development was selected as one of their primary priorities by 36% of respondents for 2021, while 20% wished they would concentrate on creating specialized and limited-edition items. Such significant preferences on focus areas highlight the company's initiatives to leverage the valuable tool in accelerating innovation and bringing new products to market.
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North America is Expected to be a Significant Market Share Holding Region
- The United States is one of the pioneers in adopting 3D and 4D technology and is expected to hold a prominent share in the 3D technology market. Furthermore, Growing incidences of chronic illnesses leading to organ and tissue transplants and a limited number of organ donors are among the primary factors driving the market growth.
- According to the Organ Procurement and Transplantation Network (OPTN), about 7500 people die while waiting for an organ transplant. Further, over 107,501 people in the country were waiting for an organ transplant. This shortage could be reduced by using 3D bioprinting to counter the increasing need for transplants.
- Moreover, LeddarTech, a prominent player in Level 1-5 ADAS and AD sensing technology, announced the availability of Leddar PixSet, a sensor dataset for ADAS and autonomous driving research and development. The dataset includes full-waveform data from Leddar Pixell, a 3D solid-state flash LiDAR sensor. The datasets offered free of charge for academic and research purposes are expected to further the device development, thereby driving market growth.
- According to an update, Scientists from the University at Buffalo recently developed a rapid new 3D bioprinting method that could represent a significant step toward fully printed human organs. The researchers developed a vat-SLA-based approach to reduce the time to create cell-laden hydrogel structures from 6 hours to 19 minutes. The updated bio-fabrication method has enabled the production of embedded blood vessel networks, making it a significant step towards efficiently creating 3D-printed organs.
- Also, in August 2022, According to an MIT announcement from a research team, the "first digitally made plasma sensors" for orbiting spacecraft have been produced. The sensors, often referred to as retarding potential analyzers (RPAs), are utilized by satellites to ascertain the atmospheric composition's chemical makeup and ion energy distribution. Hardware that was 3D printed and made using lasers performed on par with modern semiconductor plasma sensors made in a cleanroom.
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