Story image

IDC: 3D printing heading towards mainstream adoption

18 Dec 13

Emerging from a curiosity niche, 3D printing is now on the verge of mainstream adoption as businesses begin to recognise and embrace the cost and product manufacturing benefits of the technology.

According to a new research study from IDC, the worldwide 3D printer market will experience tremendous unit and revenue growth from 2012 to 2017, with compound annual growth rates (CAGRs) of 59% and 29%, respectively.

"Print is extending beyond output on media to the creation of an actual object, and that presents incredible opportunity," says Keith Kmetz, Vice President, Imaging, Printing and Document Solutions.

"While traditional print technologies are facing maturity, 3D printers will see worldwide unit shipments grow by 10 times over the forecast period, and worldwide hardware value will more than double in the short term."

The fast-paced evolution of 3D printing has moved well beyond early adopters and hobbyists, and is now being utilised regularly in business applications where substantial cost and time-to-market benefits are gained.

In addition to general manufacturing/R&D applications, 3D print is also finding sweet spots in aerospace, automotive, education, dental, jewelry, medical, and recreation vertical industries.

Traditional printer vendors are increasingly seeing 3D printing as an opportunity, and are getting into the game.

HP is preparing to enter the market in mid-2014, and Konica Minolta is about to sign a U.S. agreement to distribute a leading manufacturer's 3D printers.

According to IDC, other printer vendors will look to enter this lucrative opportunity in the near future as well.

LG takes home over 140 awards at CES
Including Engadget Best of CES Award in TV category for fifth consecutive year for the LG Signature OLED TV R.
Expert comment: Google fined US$57mil for GDPR breaches
The committee examining the breaches found two types of breaches of the GDPR.
McAfee customer choice for Cloud Access Security
“This is the second time that McAfee has been named... and we believe this demonstrates our ability to stay ahead of the pack.”
The message behind the Apple/Samsung iTunes partnership
Futuresource has released its perspective on what Samsung Smart TV’s new iTunes Movies and TV Show app means for Apple as a company.
Cost keeping Kiwi companies from making the most of IoT
"To move past the barriers inhibiting production scale IoT, organisations have to solve the broader security and upgrade issues."
Cybercrime could cost companies US$5.2tril over next five years – survey
New research from Accenture found that only 30% of organisations are very confident in internet security.
Achieving cyber resilience in the telco industry - Accenture
Whether hackers are motivated by greed, or a curiosity to assess a telco’s weaknesses; the interconnected nature of the industry places it in a position of increased threat
Three ways 5G will impact power management in 2019
Power failures or any network interruptions are not an option. Rolling out 5G is complex and presents a unique challenge for telco providers.