1. Due to the rise of the COVID-19 pandemic in the UAE this technology was used for the purpose of manufacturing commercially.
3D printing has been around since the early 1980s, but the technology wasn't employed for business R&D until the early 21st century the 3D printing market in UAE grew at a double-digit positive CAGR between 2016 and 2021P. The expansion is linked to several government measures proposed since 2016 to encourage the growth of the 3D printing sector. Restrictions on free trade and imports in the UAE as a result of Covid-19 aided in the establishment of local production of items employing 3D printing technology. The increased worldwide research and development in 3D printing has resulted in new improvements, making the technology more user-friendly.
2. Flexibility, Freedom, and reduced time for product development at reduced costs drive the modern-day consumer of 3D technology.
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With rising per capita income, the need for uniqueness, the expansion of e-commerce, and smart consumer interaction methods, there is a growing demand for considerable degrees of personalization. Previously, standard production processes did not allow for this. Growing customization choices are likely to stimulate increased demand from end users in a variety of industries, including healthcare, automotive, aerospace, consumer products, and so on. Additionally, 3D printing acceptance and growth are linked to organisations migrating from prototype to manufacturing. As technology advances and 3D printer performance improves, adaptability is making its way into the market on a wide scale. Because models are now built utilising software models, design development and redesign issues may be solved by revising and uploading new files to the programme, reducing the time between ideation and prototype. This minimizes the expense of retooling and replicating the prototype through trial and error significantly.
3. In the next years, 3D printing technology will become as widespread in every household as regular printers were previously.
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Despite the fact that the CAGR of 2021P-26F is significantly lower than the CAGR of 2016-2021P, the industry will remain in a growth phase until 2040, since the rise in the industry in 2021 was an exception and not the typical market pattern. In the coming years, 3D printing technology will become as widespread in every household as standard printers were. Previously, everyone had to go to internet cafés to get prints, but now they don't even have to be present at the workstation to print a file. The adoption of 3D printing would follow a similar pattern in the coming years as the technology progresses and firms attain more efficiency in system performance.
4. Manufacturing using 3D printing techniques will not be economically feasible for longer production runs, at a larger scale.
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The lack of finishing quality is one of the technology's primary drawbacks. Dimensional inaccuracy is frequent in 3D-printed goods, making product uniformity difficult. Post-printing operations are critical in providing the appropriate finish in a product. Some techniques include support removal, electroplating, epoxy coating, polishing, and so forth. Moreover, despite being more cost-effective in the long term, 3D printing equipment and materials have excessive initial installation and running costs, preventing significant market penetration. Furthermore, since the structure is printed using a concrete mix, there is also a limitation on the design of the building. A sharp corner, without any metallic beam, might cause extreme stress on the corners, and hence might lead to cracks. Therefore, the structure is majorly going to be in a curve at the edge.
