Growth of 3D printing in India
The growth of 3D printing industry in India has been very progressive and consistent, as it has been adopted in various industries now-a-days. Although this is a new technology in india, there is a much interest in this technology and many industries has started using this technology.
The total value of the Indian 3D Printer Market was estimated to be USD92.34 million in 2022, and it is expected to expand at a CAGR of 20.33% between now and 2028. The expansion of the 3D printing industry would be helped further by an increase in the interest shown by businesses. So, in this series of blog, we are going to discuss about the development of 3D printing and the reasons why it's becoming popular in India.
Increasing Interest in Customized Products
It is one of the main key factor for contributing in the development of 3D printing. With 3D printing technology, it has now become possible to make products that are very unique and fit the needs of each consumer. The customized 3D printed products are especially important in the fields like Automotive and Medical because the parts can be done faster and for less money with this technology.
Not only this, many people use this technology for printing various different customized products such as keychains, penstands, small sculptures, hobby products and many more things.
Increased 3D Printing in R&D
The Research & Development department are essential to the growth of any industry. Various different products are going through various stages of research and development with the assistance of recently developed technologies. Over the period of the last few years, 3D printing has emerged as a productive option for research and development departments. It enables quick access to a large number of designs at no additional cost. The research and development departments all over India will see an increase in the number of applications for 3D printing in upcoming years.Therefore, the increasing use of 3D printing is helping engineers build prototypes and make changes based on design testing to get more insights into product testing before finalizing the products.
3D Printing as a Teaching and Learning Tool
There is a growing demand for 3D printing in the field of education and training in India as the country's 3D printing industry continues to expand. There are now courses and programmes available in 3D printing at a number of universities and institutes located across the country. Additionally, there is a growing number of training programmes and workshops that are available to both individuals and businesses.This technology could change the way students learn and teachers teach by giving them a hands-on, interactive experience that encourages creativity, innovation, and finding solutions to problems.
This technology can be helpful for the students in following ways:
- Increasing creativity and new ideas.
- STEM Education Promotion.
- Putting theoretical knowledge to use in the real world.
- Bringing Industry and Education Together.
Increased Need for 3D Printing in the Automotive Sector
One of the earliest sectors in India to adopt 3D printing was the automotive industry. Despite India's rise to prominence as a global manufacturing hub, the automotive industry was an early adopter of 3D printing in the country. Currently, automakers in India use 3D printing for developing and designing spare parts in-house rapidly and for adopting novel components. The use of 3D printing is rapidly growing in a wide variety of industries as a supplementary technology to new forms of manufacturing. The versatility of 3D printing allows for the production of objects of all shapes and sizes, from the smallest to the largest. The automotive industry is one of the fastest-growing applications for 3D printing. It has shifted from using 3D printing for R&D and testing to full-scale production. Modern, efficient vehicles are in high demand, driving home the importance of streamlining manufacturing, sourcing, and distribution to meet customer needs.
Companies like Tata Motors and Maruti Suzuki use additive manufacturing technology for prototype testing and research and development.
Government aid for 3D printing
The National Strategy for Additive Manufacturing was presented to the public for the first time on Thursday, February 24 by the Government of India. This long-awaited revision to India's 3D printing policy sets ambitious goals for the country, including a 5% share of the global additive manufacturing market by 2025 and an increase of nearly $1 billion to the country's gross domestic product in that same year.
The government of India has been actively encouraging the development of 3D printing across the country because it recognises the technology's potential to stimulate both economic expansion and innovative activity. The Indian government has launched a number of programmes and initiatives, such as the Make in India programme and the Startup India programme, in order to encourage the widespread use of 3D printing technology across the country.
In conclusion, the expansion of 3D printing in India is a promising trend that is being driven by a number of factors including the adopting it in automotive, innovation and entrepreneurship, and the support of the government. Despite the fact that the industry is still confronted with some difficulties, such as the high cost of equipment and materials and a lack of skilled professionals, there is a tremendous amount of room for expansion and innovation. It is anticipated that the 3D printing industry in India will experience rapid growth in the coming years thanks to the support and initiatives of the government. This growth will contribute to the economic development and technological advancement of the country.
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