Hewlett-Packard s recently announced plan to jump into the 3D printer business with both feet has a chance to pay off big, a couple of new reports suggest.
One of the studies released Monday by ID TechEx Research concluded that a massive increase in the use and applications of 3D printers is encouraging huge growth in the market for 3D printing materials. It added that the total market for the business is expected to explode from $800 million last year to $8 billion by 2025.
3D printing is already common in aerospace, orthopedic, jewelry and dental sectors, the report noted, and adoption is fast-growing in education, military, architecture, medical research and automotive sectors. Moreover, it mentions HPs proposed 3D printer as one that has the potential to dramatically change the market because of its speed, precision and other anticipated qualities.
A separate report issued Monday by Brean Capital analysts noted that 3D printing is a serious initiative inside of HP that is garnering a lot of attention, especially with top corporate executives which ultimately will play a big role with mass production adoption.
Photo by Kirstina Sangsahachart, Daily News
