According to a recent study, the market for 3D printers could be worth nearly $8.5 billion by 2020.
The study, conducted by Indian research firm MarketsandMarkets, forecasts a compound annual growth rate of 23% for 3D printing technology over the next seven years. According to MarketsandMarkets, one of the motivations for this growth is the adoption of the technology for end use applications.
The study highlighted high tech industries that require a low volume of parts with very complex geometries. An example of this is the aerospace industry, which has already proven to be an early adopter of advanced additive manufacturing techniques such as direct metal laser sintering (DMLS).
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