While the 3D printing market is poised for massive growth over the next several years–rising by a compound annual growth rate of 28.5 percent between 2016 and 2022 to reach $30.19 billion–some suggest that 3D printing in the enterprise “changed very little” between 2014 and 2016.
Indeed, it seems as though new and exciting uses in the 3D printing market are concocting at a rapid rate–in everything from design, medicine, construction, and even bionic skin, research conducted by Tech Pro Research found that the rates of use and businesses purposes for 3D printing stayed almost the same.”
According to a 2016 survey, roughly 28 percent said 3D printing would have a “strong positive effect” in their industry by increasing sales, profits, contracts and jobs. The report goes on to say that industries using 3D printing are also spending more money in the industry–between $500,000 and $1 million–highlighting that perhaps the industry is becoming increasingly important after all.
With that in mind, Tech Republic put together an infographic based off of Tech Pro Research’s report on 3D printers, shown below:
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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.