PORTER’S FIVE FORCES
Threat of new entrants
Existence of barriers to entry are low Few new firms can enter and non-performing firms can exit easily 3D printing will lower barriers to market entry and will enable innovative start-ups to target the market using crowd-funding.. Free R&D also dramatically lowers the barriers to entry.
Capital requirements - Lower costs of technology equipment. First, AM reduces the capital required to achieve economies of scale. Second, it increases flexibility and reduces the capital required to achieve scope..
Government policy - Although 3D printing opens up new practical challenges, protection of 3D designs and objects under intellectual property, the policy questions about 3D printers are not
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Bargaining power of suppliers
Limited number of suppliers –In the case of 3D printing, early bargaining power of suppliers will be strong as there may be many buyers of the technology and a limited number of suppliers.
Growing market for materials- Suppliers in marketplace may impact buyers through lower quality, higher cost, or limited availability of products . Considering that a great segment of people today want to own and use 3D printers, one is likely to profit by selling 3D supplies like new manufacturing techniques equipment, specific software and specific material vendors.
Intensity of competitive rivalry
As with any new technology, 3D printing will encounter competition among vendors and across all tiers of quality. As the product becomes easier to duplicate and manufacture and as equipment costs go down, the number of competitors will increase..
Main competitors – “3D systems” and “Stratasys”- 3DSystems and Stratasys, leaders of the 3D printing manufacturing market, have managed to counter the threat of competition by acquiring strategic companies early in their life cycle. The two leaders’ priority is to accelerate market share, marketing and R&D while accepting temporary earnings reductions, to strengthen their marketplace leadership
Near term here means at least a decade, if not longer. 3D printing outperforms traditional ways of making complex objects. For example, the aerospace industry is having great success at making jet engine components and rocket engine nozzles with 3D
The 3D printing industry had a little controversy. This controversy revolves around a small start up in the Allentown, PA area called “Just3DPrint”. Company is founded by four college students who had a dream, “offer 3d printing services”. The controversy does not revolve around their printing service, but it involves two powerhouses, Thingiverse; a website that allows 3d modelers to share their creations for “free” in a non-commercial manner and Ebay, the largest auction website in the world.
As 3D printing transitions from commercial manufacturing use to personal private use individuals will have the ability to print any design. Products can range from a pair of shoes to complicated engineering designs, life-saving devices, prosthetic limbs and weapons that pass airport security. In the future we will likely see printable medications and
There are a few pressing matters regarding the impact of 3D printing on society including security risks and accountability when a tragedy occurs as a result of manufactured items. However, 3D printing has a beneficial impact in different fields. One positive impact of 3D printing is the new industry software developers can pursue since there is a need to build and maintain user friendly software for 3D printing. 3D printing also reduces the time to necessary to
3D printing is definitely a huge advancement in Technology! However, very controversial. Although, it has multiple benefits in our society in Medical health practices & Engineering speed, it can also be used for illegal purposes. Now, does the bad outweigh the good? That is the question debated today. I see the whole concept in only 2 large points. It will greatly help people who are desperately in need for transplant organs. It will drastically reduce the organ waiting list and once perfected, our life span should be bumped up a decade or so. On the other hand, what if someone down the road you'll be able to completely recreate a human being in it's entirety? Would we harvest them for their organs? Would it be fair? What if it falls in the
3D printing uses a process known as "additive" manufacturing. That means that the solid, three-dimensional object constructed will be made by adding the desired material in layers. The first successful outcomes of additive printing occurred back in the 1970’s. One of the advantages of using additive printing is that it takes less time than having to get a big enough piece of material and then making a mold before starting the process.(Additive) Those both also add to cost which is saved using this process. Also, there is a
As 3D printers are becoming live in the market, they demonstrate great potential by fostering economic growth. The implications of this revolutionary technology indeed promise to have a radical impact on the may things are produced and business is done. There are
While 3D printing brings the promise of innovation and creativity to many, it brings fear to others; fear of 3-D printed weapons, intellectual property infringement, and safety issues with CAD designs. As such, 3D printing raises both ethical and regulatory issues for the society.
3D Systems heavily relies on outsourced supplies to achieve its print obligations. The company outsources printer assembly and refurbishment services from selected suppliers and engineering companies with a good reputation. The suppliers play a critical role in carrying out the required quality control initiatives prior to shipment.
Have you ever lost a limb? Have you ever needed a new car part? If so, the marvel of 3D printing can deliver these things. The future has truly arrived today, almost any object we can think of can become reality through 3D printing. 3D printing is the process of making a physical object from a digital model by layering a material until it forms the object. 3D printing shows a lot of potential for both recreational and practical uses, and I believe will help shape the future of technology.
3D printing has made elongated strides in the field of medicine, but has also brought new threats into the world that were previously thought to be impossible. Plastic weapons and undetectable guns are a new threat to society, is it really worth saving a few more lives for the endangerment of millions? The 3D printer brings many ethical principles in the play such as the principle of the right to life, the principle of double effect, the principle of beneficence and non-Malfeasance, and in some cases the just war theory. There are many check and balances to ensure the rightful use of 3D printers in today’s world and proper interpretation is crucial.
3D printing is slowly making its way into the mainstream train of thought. Students at an abundance of universities have access to this incredible innovation. To some this exciting technology seems to be nothing but a fad. However, 3D printing has already began to make significant strides in the medical field. With the right business strategies, we believe that 3D printing will take the medical field to a place we before never saw as possible.
The concept of 3D printing got a lot of businesses attention, from airplane and space industries to house appliance companies. Every business and industry is thinking of ways to utilise 3D printers to their own benefit, not just business and industries, also schools, governments and individual groups of people. 3D printing is an additive manufacturing technique whereby objects are printed layer by layer through a series of slices, they work in a similar way to normal desktop printers but instead of ink, the 3D printers use other ranges of material powders. All printers use CAD or drafting software that calculates each slice size and they determine exactly how each of them should be constructed to fit in
3D printing is a technology that was invented in the early 1980s by a man named Charles Hull (Ventola, 2014). Since its creation, 3D printing has branched into many different aspects of the world and is being utilized in fields like the automotive industry, medicine and is even being used for everyday purposes. Later on, Charles Hull founded a company called 3D Systems which developed the first ever 3D printer. In 1988, Hull and his company 3D Systems, put forth the first commercially available 3D printer. From this point on, 3D printing would be advanced and evolved to the point where it would have the opportunity to create a revolutionary impact on the world we
Three dimensional (3D) printing, also known as additive manufacturing, is taking the world by storm and is said to be “the next big thing”, the next revolution, or as big as the Internet. President Barack Obama stated in his 2013 State of the Union address that 3D printing has the potential to revolutionize the way we make almost anything (Gross, 2013). However, will 3D printing have a positive effect on the future of our society looking at the effects on the manufacturing businesses, healthcare, and consumer home printing? To answer this question we will explore the current technology and how it is currently being used in manufacturing businesses, healthcare, and consumer home printing and, prospects for future use in these areas. We will explore the limitations and advantages of the 3D printing technology. Referencing trade journals, textbooks, popular opinion, and expert opinions in the fields of business, management, engineering, and computer technology to evaluate the societal effects of 3D printing for our future.