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Over the past decade, the 3D printing industry in the United States has undergone substantial growth and also witnessed the bursting of a bubble. Also known as additive manufacturing, 3D printing involves the creation of three-dimensional objects by layering materials gradually. The impact of 3D printing can be seen across a wide range of sectors, such as manufacturing, healthcare, aerospace, automotive, and consumer goods.
The United States has been at the forefront of 3D printing technology, with a robust ecosystem of companies, research institutions, and entrepreneurs driving its development.
Despite expectations of consolidation in the early 2010s following strategic actions by industry leaders such as Stratasys (SSYS) and 3D Systems (DDD), the additive manufacturing industry has witnessed a continuous influx of fresh players. These new entrants have introduced their distinctive and innovative approaches to additive manufacturing.
The 3D Bubble Burst
Back in 2013, Forbes reported the following: