3D Printing Market to Grow at a 21% CAGR During 2021-2030
3D printing refers to a wide range of processes that enable the construction of three-dimensional things by layering on the material. In addition to creating prototype designs for testing, it can also be used to create novel foods, body parts, and even entire structures. The mass manufacture of products like shoes and parts for cars and airplanes is made possible by using numerous printing machines concurrently. Additionally, with no need to reorganize a production space, a new design may be printed fast when it becomes available.
The market for hip replacements was $14 billion in 2021 and will reach $77.83 billion by 2023 at a strong CAGR of 21%.
The lithium-ion battery is one of the enabling technologies for our 21st-century way of life. Mobile phones, electric vehicles, laptops, medical equipment, robots, remote-controlled sensors, and many more items are all made possible thanks to these energy packs.
Better batteries are, however, sorely needed by materials scientists for the Internet of Things, the upcoming generation of personal electronics, and many other applications. Better batteries will also be required to play a significant role in the storage of energy from renewable but intermittent sources like the sun and wind.
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Batteries of the future
According to Vladimir Egorov and a few colleagues at the University of Cork in Ireland, 3D printing will be used to create batteries in the future. They propose that a new generation of smaller, more powerful devices will be made possible by their assessment of the many new battery printing techniques.
However, the requirement to use conventional batteries with specified sizes and forms is a severe barrier.
Batteries are made of electroactive materials, which are fundamentally reactive. Physically complex structures include anodes and cathodes. They must occasionally be permeable like molecular sponges and frequently be organized like crystals. They must always be accurately defined chemically.
It is difficult to produce versions of these materials appropriate for 3D printing, whether by liquid or solid extrusion or through liquid polymerization. These materials must keep their electrical connections intact after printing, strictly regulate any chemical interactions between components, and guarantee that the batteries can charge and discharge over a large number of cycles.
The safety of batteries is paramount. Before they may be used in houses, cars, airplanes, and other places, all batteries must meet stringent safety requirements. Leaking batteries might result in costly damage. But fire poses the greatest risk. The testing standards may need to change to accommodate continually evolving new designs.
Making batteries recyclable is one of the battery industry's biggest and most significant concerns. Because modern batteries are made purposely to be difficult to repair, it is nearly impossible to reuse the priceless components they contain.
According to current thinking, battery designers must adopt a completely new mindset to create batteries developed from the ground up with recycling in mind. This much-needed transformation might get off to a head start and accelerate because of the versatility those 3D printing offers.
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Market Analysis Of Different Segments Covered in the Report
Based on Component
Based on Software Insights
- Scanning Software
- Design Software
- Printer Software
- Inspection Software
Based on Application
- Manufacturing Functional Parts
Based on Technology
- DMLS (Direct Metal Laser Sintering)
- DLP (Digital Light Processing)
- SLA (Stereolithography)
- EBM (Electron Beam Melting)
- FDM (Fused Deposition Modelling)
- MJP (Polyjet/Multijet Printing)
- SLS (Selective Laser Sintering)
- Other Technologies
Based on End-user
- Industrial 3D Printing
- Power and Energy
- Aerospace and Defence
- Consumer Electronics
- Desktop 3D Printing
- Educational Purpose
- Fashion and Jewellery
Based on Printers Type
Based on Materials Type
- Other Thermoplastic
- Other Materials
Based on Process
- Material Extrusion
- Binder Jetting
- Powder Bed Fusion
- Material Jetting
- VAT Photopolymerization
- Other Processes
Key Companies :
- The ExOne Company
- Autodesk Inc
- GE Additive
- Made In Space
- Voxeljet AG
- Stratasys Ltd
- Canon Inc
- Autodesk Inc.
- EnvisionTEC Inc
- 3D Systems Inc
- HP Inc
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- Sakuu Corporation, the creator of the world's first rapid-printed battery, stated that thorough testing of its first-generation non-printed lithium metal battery resulted in a constant 3C discharge rate, another milestone on the way to widely available 3D-printed solid-state batteries.
- 6K, a 3D printing company, will create battery materials using ONE. The Massachusetts firm, 6K Energy, manufactures lithium-ion battery materials. Now, the company has agreed to collaborate with Our Next Energy (ONE) to research and manufacture crucial battery material.
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- Strategic Market Research
- Talib Hussain