3D Printing Perfecting Rapid Prototyping and Rapid Manufacturing in India

 

Though the world is yet to witness the full potential of 3D printing perfecting rapid prototyping and rapid manufacturing technology, it is already reckoned by industry pundits as a game‑changer, akin to the advent of steam engine and conveyor belt assembly line. Considering its paramount significance, let’s see how it dwells in the Indian industrial ecosystem.

Comparison

Although, 3D printing perfecting rapid prototyping and rapid manufacturing technology dawned on the Globe in the year 1980, it sprouted in India as recently as in 2012. Still nascent in India, it has only 3.3% of the overall Asian market. In comparison to that, the Japanese and Chinese are way ahead with their stats around 30% and 35%, respectively. As the abovementioned facts point it out that India has been slow to adapt; however, one can only hope that akin to the fabled “tortoise and hare” story, India finishes strongly as well.

Upside

From the operation point of view, there are a couple of advantages. First, the basic versions of these machines are quite easy to operate. For the sake of an example, even school kids would be able to operate these printers. Second, the raw materials and the operating cost are not that expensive; they are well manageable within the budgets of most businesses opting for this manufacturing process.

Challenge

The main challenge that entrepreneurs and businesses narrate is the steep pricing factor of these machines. The other significant challenge associated with the implantation of 3D printing perfecting rapid prototyping and rapid manufacturing technology in India is the dearth of a qualified pool of technicians. In tone with that, the lack of research and development and serious funding are also roadblocks for this technology to flourish in the Indian industrial arena.

Recourse

In the face of these overwhelming challenges, one can note how the Indian “jugaad” comes handy. For example—a few of these printer sellers are collaborating with entrepreneurs to lease it to the latter at a manageable rate. It is a win-win situation, as the entrepreneur doesn’t have to invest a substantial initial amount kickstarting the operation. The printer manufacturer also doesn’t lose anything. Now, that one of their product (machine) is engaged, its replacement could be produced. This aids in their business continuity; moreover, they also gain a source of recurring revenue per utilized machine. Additionally, this creates a motivation for the competitors of these early-bird entrepreneurs, who though initially watch it unfold from the sidelines, but sooner or later would follow suit in the spirit of competition or for the fear that they do not lose out on a lucrative business venture. 

The scope of 3D printing perfecting rapid prototyping and rapid manufacturing technology in India is immense. There is a myriad of opportunities, especially in terms of small-scale production like children's toys, office utility items, and daily household gadgets. Most of these items are now imported mainly from China and other countries. By application of this technology, the dependence on imports could reduce significantly. Not only, it would let the consumers have cheaper and better‑quality products, but also save the nation of precious foreign reserves and improve the GDP simultaneously.