These technologies are becoming readily available and cheap, but manufacturing plants aren’t geared up to take advantage of them. Most don’t have the know-how. This is where Indian companies could step in. They could master the new technologies and help foreign firms design new factory floors and program and install robots. They could provide management consulting on designing new value chains and inventory management. They could operate and monitor manufacturing plant operations remotely. This is a higher-margin business than the old IT services.
Another aspect worth noticing is that the 3D printing market size is growing. As per the Gartner report, Client and Enterprise 3D printer shipments are growing at an exponential rate and the 3D printer market valued at $ 3 billion can grow to over $ 5.7 billion by 2017.
In India, it’s primarily getting used for prototyping and additive industries or for performing some experiments, however not for production or for day-after-day work.
Though the technology has entered the Indian market very recently there are many areas where the 3D printing technology can be used to save time as well as reduce the hazards of the existing sector.
India is keen to put itself at the forefront of technology, but the nation is yet to begin investing in 3D printing, like its developing rivals China and the Middle East Asia.
Entry level or barrier cost to 3D printing is still very high. India being a small market in comparison to other countries, opportunities that can be scaled faster is on the radar. We are yet to see the effectiveness and successful proposition of 3D printing. So while India is working hard to make itself a key global technology center, 3D printing uptake may be out reach for many businesses.
In 2005, the open source RepRap and Fab@Home projects began and 3D printing got cheaper consequently expanding individual