The GITEX Tech Week 3D Printing Industry Update24-May-2016
The 3D printing industry is building to global proportions at GITEX Technology Week 2016 with the worldwide 3D printing industry set to grow to US $13.4 billion by 2018
This trend became clear at GITEX Technology Week 2015, when 44,000 visitors came to the event looking for 3D Printing solutions, resulting in 89% of 3D Printing exhibitors walking away with qualified leads and 76% of CXOs rating 3D Printing as a key area of investment in 2016.
With GITEX Technology Week 2016 set to feature a series of 3D Printing focused networking programmes matching visitors with senior level prospects, GITEX is set to become a hub for a MEA 3D Printing market estimated to grow to $1.3 billion by 2019.
In order to prepare your company for the 3D printing industry news and trends coming to this year’s event, below you’ll find the GITEX Tech Week 3D Printing Industry Update keeping you informed on all the tech developments from the below industries:
Image: Airbus A350 XWB
Image courtesy of Airbus.
The aviation industry has always been at the forefront of 3D printing technology, with the industry first exploring its potential in the late 80’s; and with 3D printing’s ability to lower the weight of aircraft parts by 83.4%, thereby reducing fuel and operational costs, it’s easy to see why the industry is so excited. Aircraft manufacturer Boeing has been an early adopters of 3D printing technology and recently announced that more than 1,000 parts on its new Airbus A350 XWB jet were 3D printed with materials that only recently became available to use with the technique. The Airbus A350 XWB is now the aircraft with more 3D printed parts than any other and benefits from new lightweight materials that are used and produced to airline safety standards.
Image courtesy of Nike.
PwC estimates 67% of manufacturers are already using 3D printing with another 28.9% determining how best to integrate 3D printing into their production processes. American sports clothes manufacturer and retailer Nike has already begun its first forays into integrating 3D printing into its product line, with a series of 3D printed cleats it has been making for the Super Bowl since 2014. The company has also been experimenting with its 3D printed Nike Vapor Laser Talon, which weighs 5.6 ounces and was designed for football players running the 40 yard dash on football turf.
Image courtesy of Médecins Sans Frontières
The 3D Printing market in the healthcare industry is growing in a big way as sales reportedly increased by 80% from $71.7mn in 2013 to $129.3mn in 2014. One medical organisation already using 3D printing is Médecins Sans Frontières (MSF), aka Doctors Without Borders, which recently announced the successful testing of 3D printing technology to help design hospitals to better meet the needs of patients. MSF worked with 3D Printing experts to create a 3D Printed model of an existing hospital that MSF had built in Cantahay, the Philippines, following the devastating Typhoon Haiyan in 2013. MSF were then able to use this model to ensure facilities are best-designed for the environments in which they are located, as well as training MSF doctors by showing them exactly what a hospital can do before they begin working there.
Image courtesy of Ford.
With the 3D printing automotive market estimated to have been worth US $482.27 Million in 2015, the industry is now projected to reach $1.56 Billion by 2020 and grow at a CAGR of 26.58%. One automotive manufacturer looking to make the most of these opportunities is the Ford Motor Company, which recently celebrated printing its 500,000th part with a 3D printer. The car manufacturer has described how with traditional methods, an engineer would create a computer model of an intake manifold – the most complicated engine part – and wait up to four months for one prototype at a cost of $500,000. With 3D printing, Ford can print the same part in four days, including multiple iterations and with no tooling limits – at a cost of $3,000.
Demonstrate how your 3D Printing technology could transform key industries at the GITEX Technology Week 3D Printing Zone where 50 of the best tech solution providers will have an exclusive audience with global industry leaders.
Claim your position as a thought leader on 3D Printing with the GITEX Technology Week Tech Talks where 60 + sessions will be delivered across 5 days to a specially invited target audience.
Schedule one-on-one meetings with companies looking to adopt 3D Printing technology at the GITEX Technology Week Connexions Network with 150 + government buyers and 22,000+ meetings delivered in 2015.
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