As demand for rapid prototyping grows in industries worldwide, technological advances in 3d Printing Rapid Prototyping, Advanced Cnc Machining, and other small-batch manufacturing practices are driving down both prices and production times.
One of the fastest-growing segments of the manufacturing industry is rapid prototyping and small-batch manufacturing. Fueled by technological advancements in Cnc Prototype Machining, 3D printing, and material science, unique parts can be crafted and delivered within ever-shortening time frames, closing down idle time in manufacturing cycles, and enabling manufacturers to move product development along faster.
The global prototype manufacturing industry is currently valued at around $12 billion but is experiencing rapid growth at over 22.6% percent annually from 2010 to 2015.
The prototype manufacturing industry is expected to reach $20 billion in valuation by 2020. Forecasts for the next 15 to 20 years predict growth up to the $40 billion mark, as continued technological innovation fuels the industry — and the markets that rely on it.
Related industries are also experiencing strong, continuous growth, with the 3D printing industry, one technology that has revolutionized rapid prototyping in its own right, predicted to reach an almost $33 billion valuation by 2023.
Industry reliance on rapid prototyping grows
One significant driver of growth within the rapid prototyping industry is the continued development of personal healthcare products. Over 98% of hearing aids produced worldwide are now 3D printed, because of the significant savings in time, cost, and accuracy that comes from producing each unique model in this manner.
Cnc Machine Design As personal medical devices become more widespread, fueled by a growing medical robotics industry, rapid prototyping, and small-batch manufacturing will only become more important, as precise fit for custom assistive robotic devices such as exoskeletons is key to their performance.
In the aviation industry, rapid prototyping through CNC manufacturing and 3D printing has decreased waiting times in production cycles and reduced the costs associated with producing parts of limited quantities, by removing the need for assembly line changes and frequent retooling.
Similar cost-saving benefits have been found in the robotics industry. When producing plastic or aluminum parts or protective casings for initial robot prototypes, manufacturers can place orders for these custom pieces, submit a CAD file, and have them delivered within a week. As a result, prototype testing and checks for proper fit can occur sooner, saving time and money.
One of the fastest-growing segments of the manufacturing industry is rapid prototyping and small-batch manufacturing. Fueled by technological advancements in Cnc Prototype Machining, 3D printing, and material science, unique parts can be crafted and delivered within ever-shortening time frames, closing down idle time in manufacturing cycles, and enabling manufacturers to move product development along faster.
The global prototype manufacturing industry is currently valued at around $12 billion but is experiencing rapid growth at over 22.6% percent annually from 2010 to 2015.
The prototype manufacturing industry is expected to reach $20 billion in valuation by 2020. Forecasts for the next 15 to 20 years predict growth up to the $40 billion mark, as continued technological innovation fuels the industry — and the markets that rely on it.
Related industries are also experiencing strong, continuous growth, with the 3D printing industry, one technology that has revolutionized rapid prototyping in its own right, predicted to reach an almost $33 billion valuation by 2023.
Industry reliance on rapid prototyping grows
One significant driver of growth within the rapid prototyping industry is the continued development of personal healthcare products. Over 98% of hearing aids produced worldwide are now 3D printed, because of the significant savings in time, cost, and accuracy that comes from producing each unique model in this manner.
Cnc Machine Design As personal medical devices become more widespread, fueled by a growing medical robotics industry, rapid prototyping, and small-batch manufacturing will only become more important, as precise fit for custom assistive robotic devices such as exoskeletons is key to their performance.
In the aviation industry, rapid prototyping through CNC manufacturing and 3D printing has decreased waiting times in production cycles and reduced the costs associated with producing parts of limited quantities, by removing the need for assembly line changes and frequent retooling.
Similar cost-saving benefits have been found in the robotics industry. When producing plastic or aluminum parts or protective casings for initial robot prototypes, manufacturers can place orders for these custom pieces, submit a CAD file, and have them delivered within a week. As a result, prototype testing and checks for proper fit can occur sooner, saving time and money.
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