Report Adds 3D Printing to 12 Disruptive Techs for 2025
In an article for Disruptive Technology, the website engineering.com on 3D Printing states:
In a
forward-looking report, global research firm McKinsey has identified 3D
printing as a 1 of 12 disruptive technologies that could deliver major economic
impact to the global economy by 2025.
According
to McKinsey, 3D printing will have an impact on consumer sectors that place a
premium on highly customizable products.
Some of these industries include toys, jewellery and footwear. In fact,
McKinsey believes that by 2025 global sales of 3D printed products in these
industries alone lay somewhere between $230-550 billion per year.
While
McKinsey’s report is high on 3D printing becoming a force in the production of
consumer goods, their report is a bit less enthusiastic about the technologies
impact on high-volume production. “Even in 2025, traditional manufacturing will
almost certainly have a large cost advantage over additive manufacturing for
most high volume products.” The report goes on to state, “The large majority of
parts will still be manufactured more efficiently with techniques such as injection
moulding. 3D printing however, has the potential to create significant value be
shortening setup times, eliminating tooling errors, and producing mould that
can actually increase the productivity of the injection moulding process.”
(ENGINEERING, 2013)
In a similar article ‘3-D printing: The next
disruptive technology’, published in BizTimes, states:
3-D
printing could be a game-changer...
3-D
printing is quickly emerging as the next great disruptive technology for
consumers and businesses across the globe.
THE
MAKERBOT REPLICATOR 1 3-D PRINTER, IN USE AT THE MILWAUKEE MAKERSPACE
While
3-D printing has been around for some time, primarily with plastics, ground-breaking
work is being done to bring the technology, also referred to as "additive
manufacturing," into its next phase of development.
The
latest examples of this ground-breaking work are breath-taking:
•NASA
has successfully tested a part of a rocket engine made through 3-D printing,
has plans to send a 3-D printer to the International Space Station in 2014 and
is even working with a private company to 3-D print a pizza
•Companies
are developing ways to 3-D "bioprint" human tissue such as blood
vessels and organs.
•A start
up company in Missouri is developing ways to 3-D bioprint meat.
•A
Dutch firm is in the process of 3-D printing an entire house.
The
McKinsey Global Institute named 3-D printing as one of 12 disruptive
technologies that will transform life, business and the global economy by 2025.
In this
year's State of the Union address, President Barack Obama said 3-D printing
"has the potential to revolutionize the way we make almost
everything." Last year, the Obama administration and the U.S. Department
of Defense awarded $30 million to establish the public-private National Additive
Manufacturing Innovation Institute (NAMII) in Youngstown, Ohio.
NAMII
director Ed Morris called 3-D printing technology this generation's "moon
shot moment," in a recent CNBC article.
The
world of business and finance is beginning to take note of the emergence of
this technology, as well. On Aug. 26, Citigroup analyst Kenneth Wong wrote,
according to the Wall Street Journal, that the 3-D printing market "is on
the cusp of seeing much broader adoption," which could triple the size of
the market within five years. (BIZTIMES, 2013)
BIZTIMES 2013;
"3-D printing: The next disruptive technology", biztimes.com, 16th September 2013. Retrieved: 12th Mar. 2014
from;
ENGINEERING 2013;
"Report Adds 3D Printing to 12 Disruptive Techs for
2025", engineering.com, 31st
May 2013. Retrieved: 12th Mar. 2014
from;
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