While the consumer/hobby 3D printing market has stumbled over the last few years due to hype and unmet expectations, and growth of incumbent industry leaders has stagnated, analysts project massive growth in commercial/industrial 3D printing fueled by 3D printing innovators like Rize.
In fact, according to Wohlers Associates, Inc., the professional 3D printing market grew 5X over the last six years and continued 4X growth is projected over the next five years, from $6B to 26+B by 2021.
One of the technologies fueling this innovation comes from Rize. We developed a patented 3D printing platform that provides the capability for material properties to be changed at the voxel (3D pixel) level, allowing zero-post-processing after printing for a 50% turnaround time advantage, full-color 3D printing on thermoplastic parts, injection molded-quality parts that are twice as strong as other technologies and more.
Our APD 3D printing platform enables materials, software and hardware breakthroughs that will open avenues that were never even considered a few years ago, such as electrically-conductive materials like 3D circuit boards, smart sensors like multilayer batteries, medical devices that enable customized, controlled drug delivery, and composite and variable-hardness materials like industrial brackets and hearing aids.
Although many of the hobby 3D printers are now marketing themselves as professional 3D printers out of financial necessity, they simply aren’t capable of robust, reliable industrial-grade 3D printing.
Is 3D printing dead? Hardly. We haven’t even scratched the surface yet. And Rize President and CEO, Frank Marangell, who took Objet from a start-up 3D printing subsidiary to a $1.4B valuation when Objet merged with Stratasys (SSYS) several years ago, combined with a transformative technology and a team of 3D printing pioneers, is best positioned to drive this growth.