manufacturing technology has been dubbed the next big thing and be as equally wide spread as cellular telephone industry. 3D printers print objects from a digital template to a physical 3-dimensional physical object. The printing is done layer by layer (Additive manufacturing) using plastic, metal, nylon, and over a hundred other materials. 3D printing has been found to be useful in sectors such as manufacturing, industrial design, jewellery, footwear, architecture, engineering and construction, automotive, aerospace, dental and medical industries, education, geographic information systems, civil engineering, and many others. It has been found to be a fast and cost-effective solution in whichever field of use. The applications of 3D printing are ever increasing and it’s proving to be a very exciting technology to look out for. Exploring how it works and the current and future applications of 3D printing are looked on here. There is a growing consensus that 3D printing technologies will be the next major technological revolution. While a lot of work has already been carried out as to what these technologies will bring in terms of product and process innovation, little has been done on their impact on business model innovation. Yet, history has shown that technological evolution without adequate business model innovation is a pitfall for many businesses. Three major aspects are considered which are elaborated as follows. First, it combines the existing literature on business model innovation in an integrated ‘inside- outside’ framework of business model innovation. Secondly, the changes brought about by 3D printing technologies to the business model components are investigated. Finally, this article shows that in addition to enabling business model innovation, 3D printing technologies have the potential to change the way business model innovation is done, by enabling adaptive business models and by bringing the ‘rapid prototyping’ paradigm to business model innovation itself.
KEYWORDS:- 3-D printing, 3D modelling program, Selective Laser
Sintering, CAGR.
INTRODUCTION:- 3D printing or additive manufacturing is a
process of making a three-dimensional solid object of virtually any shape from a digital model. Successive layers of material are laid down in different shapes. Traditional machining techniques rely on the removal of material by methods such as cutting or drilling whereas 3D printing layers are added successively. Thus it uses a layering technique where an object is constructed layer by layer until the complete object is manufactured. In this way 3D printing moves us away from the mass production line to a one-off customizable production. 3D printing starts by making a virtual design of the object you want to create. The virtual design is used as a template of the physical object to be created. This virtual design can be made using a 3D modelling program such as CAD (Computer Aided Design) to create a design from scratch. Alternatively a 3D scanner can be used for an existing object. This scanner makes a 3D digital copy of an object and puts it into a 3D modelling program. The model is then sliced into hundreds or thousands of horizontal layers in preparation for printing. This prepared file is thus uploaded in the 3D printer, which will see the printer creating the object layer by layer. Here, every slice (2D image) is read by the printer and proceeds to create the object layer by layer and the resulting object has no sign of layering visible, but a 3 dimensional structure.3-D technology is delivering three dimensional views of the captured images or data. There is an increasing demand for 3D technology based products in various application sectors such as entertainment, healthcare, aerospace, government and defence, entertainment and automobile and industrial segments. 3D technology creates highly accurate and precise images of an object. Use of 3D technology in various application segments would help in saving production time and cost. Designers get a readymade tool to have an intuitive understanding of the feasibility of any product right at the initial stages.
LITERATURE REVIEW:- 3D printing was known as “rapid
prototyping”. Charles Hull, of 3D Systems Corporation, created the first working 3D printer in 1984. Later in the 80’s, Selective Laser Sintering (SLS) technology was developed by Dr Deckard at the University of Texas at Austin during a project sponsored by Defence Advanced Research Projects Agency (DARPA). In the 1990s, the technology was further improved with the development of a method that used ultraviolet light to solidify photopolymer, a viscous liquid material. In the late 20th century, 3D printers were extremely expensive and could only be used to print a limited number of products. The majority of the printers were owned by scientists and electronics enthusiasts for research and display. Although it was still in limited development, the printing technology was a combination of modelling both science and construction technology, using some of the newest technological advancements of the time. Consequently, 3D printing began to lead a worldwide manufacturing revolution. In the past, surface design was mainly dependent on the production process. However developments in the field of 3D printing have allowed for the design of products to no longer be limited by complex shapes or colours. 3-D printing technology was valued at $46.0 billion and is expected to reach $175.0 billion by 2020, with CAGR support of 21%. Within the 3-D technology market, entertainment industry generated the maximum revenue in 2013 and the same trend is observed through 2020. The Massachusetts Institute of Technology was issued a patent in 1994 for “three- dimensional printing techniques”, a process confined to the method of producing a three-dimensional object by successively depositing a layer of a binder agent onto a layer of fine power, such as fine corn starch; several competing technologies are utilized across the range of 3D printers available commercially, including Fused Deposition Modelling (FDM, also known as “thermoplastic extrusion”), Selective Laser Sintering, and Jetted Photopolymer.
PROBLEM STATEMENT:- The aim of this paper is to evaluate
the effects of 3-D printing on the potential job market by figuring out the process and principles behind its development. Another objective is to minimise the complexity of the process, which is often considered daunting since it involves too much fiddling with formats, parameters and mechanical adjustments.