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3D printing is very efficient for end users requiring product customization. 3D printers are currently being used widely for electronics and automotive applications. Customization features enable users to shape any product according to the needs. 3D printers are being adopted wide range of applications; one such application is defense, where these are used for modeling military tactical weapons and accessories
3D Printers uses number of materials to create outputs. Earlier 3D printing was done only on the plastic, however with the technological advancements and growing applications of 3D printers different materials are now used in the industries.
3D printers are also given command through CAD files that are created with the use of a 3D modeling program, either from scratch or beginning with a 3D model created by a 3D scanner. This scanning of a 3D model leads to reduction in human error as most of the work is done using technology only
Once the CAD file is sent to the printer, the printer then prints the 3D object using the CAD file. The process of creating an object using a 3D printer reduces time and cost, this is the key reason for the commercial adoption of 3D Printers.
GLOBAL 3D PRINTERS MARKET REVENUE SHARE, BY REGION
GLOBAL 3D PRINTERS MARKET REVENUE SHARE, BY VOLUME
Global 3D printer market has generated $0.7 billion revenues, whereas volume sales touched 70.4 thousand units in 2013. Declining prices, increasing IT spending, and penetration of printers’ manufacturers into 3D printers market are some of the major drivers in this market.
Amongst all regions, North America accounted for majority of the share in 2013 and expected to continue its dominance by 2019. In the forecast period, Asia-Pacific market would emerge as key growing market, primarily driven by demand in Japan, South Korea, and China, owing to innovation and low cost product development initiatives are driving growth in the market
INDIAN 3D PRINTERS MARKET OVERVIEW
In India, 3D printers market is at nascent stage, where electronics and automotive sectors accounting for majority of the revenues; low investments, fewer R&D facilities & manufacturing units, and low consumer awareness restricting the growth of 3D printers technology in India. However, during 2014-2019, expected higher investments & promotions, and increasing domestic manufacturing would reduce the prices of these printers, thus driving the market.
SWOT ANALYSIS ON INDIAN 3D PRINTING MARKET
Increasing IT spending
Growing Indsutrial Construction Market
Low Cost Country Sourcing
Manufacture by establishing Electronic Clusters
Higher Return of Investment & Early Growth Opportunities
Higher Investment Opportunities
Indian 3D Printing Market is affected by lower investments
Fewer R&D Facilities
Low Consumer Awareness
Increasing Imports, results in higher pricing
Increasing Raw Material prices
Poor quality 3D Printers offered low prices
KEY APPLICATION SECTORS FOR INDIAN 3D PRINTERS
Note: Other application sectors include, Medical, Industrial, Aerospace, Architectural, etc.
The demand for 3D printers in electronics application sector, is due to its high utilization in printing of special purpose and regular circuit boards, whereas for automotive application it is being used for printing of automotive interiors. Additionally, reducing weight of automobile, better utilization of space & high quality, precise, and aesthetic interiors is driving growth in automotive segment
JOB OPPORTUNITIES IN INDIAN 3D PRINTER MARKET
Growth of Engineering & Technology Institues & Intake in India (Post Graduate)
Growth of Engineering & Technology Institues & Intake in India (Diploma)
India trains more than 1.6 million engineers yearly, which is witnessed to be largest in comparison with U.S. and China. During 2009-13, about 60-70% engineering students have been placed in IT and manufacturing sectors, however, the placement market was sluggish in 2014, due to negative growth in manufacturing sector and low confidence amongst investors.
According to various IT companies, the placement of engineering students is expected to rise in 2015
Over the next five years, India is expected to emerge as one of the key manufacturers in global electronic industry, owing to changing government policies, establishment of EMCs and electronic manufacturing fund. As a result, manufacturing of various electronic products and equipment is poised to grow higher, especially in verticals such as automotive, consumer electronics, strategic electronics, defense, telecom and medical
Electronic: Over 73% growth in placements for engineers in electronics sector
Manufacturing: 50-55% growth in placements for engineers in manufacturing sector (including automotive, defense, aerospace, etc.)
From 2015 to 2019, the placement for engineering students would witness higher growth in sectors such as:
Higher Growth in Retail Indsutry
14% to 17% growth in placement for Sales Candidates
Major tie-ups of 3D printing companies with distributors and dealers in Tier-1 and II cities
More than 30% growth would be witness in staffing for technical and sales background
“40-50 thousand workforce is forecast to cross by 2019”
As Indian 3D printers market is at nascent stage, there are hardly around 250-500 dedicated workforce (including engineers, sales representatives, graphic designers, etc.) in 3D printing industry in India in2014. However, over the next five years, Indian 3D printers market would witness higher growth, resulting in higher job opportunities in electronic, manufacturing and retail sectors.