Gartner Remains Bullish on 3D Printing
We told you how high start-up costs delayed implementation of 3D printing technologies, but that the future looked bright. Now, information technology research firm Gartner (whose survey was featured in last week’s post), predicts that the 3D printing market will be $13.4 billion in 2018.
In a webinar available here
, Research Vice President Pete Basiliere stated that Gartner is forecasting a compound annual growth rate (CAGR in the below graphic) of 106.6% in shipments and 87.7% in revenue.
To the skeptics of that 106.6% compound annual growth rate, Mr. Basiliere asks you to consider the potential consumer base and that that roughly 2.3 million 2D printers are sold every 8 days. Mr. Basiliere also points to the fact that manufacturers are now able to set up a 3D printer maker space for under $10,000.
However, Mr. Basilere cautions that there are certain limitations that must be taken into account. These limitations include the technological and materials limitations, as well as infrastructure and legal challenges.
For more information on the webinar, visit http://gtnr.it/1rd31xM
. For more information about Ice Miller’s Additive Manufacturing/3D Law practice, please contact Ice Miller.