Best of the Week
Most Popular
1.Canada Real Estate Bubble - Harry_Dent
2.UK House Prices ‘On Brink’ Of Massive 40% Collapse - GoldCore
3.Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off - Nadeem_Walayat
4.Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook! - Marc_Horn
5.5 Maps That Explain The Modern Middle East - GEORGE FRIEDMAN
6.Gold Back With A Vengeance As Bitcoin Bubble Bursts - OilPrice_Com
7.Gold Summer Doldrums - Zeal_LLC
8.Crude Oil Trade & Nasdaq QQQ Update - Plunger
9.Gold And Silver – Why No Rally? Lies, Lies, And More Lies - Michael_Noonan
10.UK Election 2017 Disaster, Fake BrExit Chaos, Forecasting Lessons for Next Time - Nadeem_Walayat
Last 7 days
UK House Prices Momentum Crash Warns of 2017 Bear Market - Video - 22nd Jul 17
Crude Oil, Gold, ETFs & more: Pro-grade Market Forecasts - 22nd Jul 17
Warning: The Fed Is Preparing to Crash the Financial System Again - 21st Jul 17
Gold / Silver Shorts Extreme - 21st Jul 17
GBP/USD Bearish Factors - 21st Jul 17
Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing - 21st Jul 17
Is It Worth Investing in Palladium? - 21st Jul 17
UK House Prices Momentum Crash Threatens Mini Bear Market 2017 - 21st Jul 17
The Fed May Show Trump No Love - 20th Jul 17
The 3 Best Asset Classes To Brace Your Portfolio For The Next Financial Crisis - 20th Jul 17
Gold Stocks and Bonds - Preparing for THE Bottom - 20th Jul 17
Millennials Can Punt On Bitcoin, Own Safe Haven Gold For Long Term - 20th Jul 17
Trump Has Found A Loophole To Rewrite Trade Agreements Without Anyone’s Permission - 20th Jul 17
Basic Materials and Commodities Analysis and Trend Forecasts - 20th Jul 17
Bitcoin PullBack Is Over (For Now): Cryptocurrencies Gain Nearly A 50% In Last 48 Hours - 19th Jul 17
AAPL's 6% June slide - When Prices Are Falling, TWO Numbers Matter Most - 19th Jul 17
Discover Why A Major American Revolution Is Brewing - 19th Jul 17
iGaming – Stock Prices - 19th Jul 17
The Socionomic Theory of Finance By Robert Prechter - Book Review - 18th Jul 17
Ethereum Versus Bitcoin – Which Cryptocurrency Will Win The War? - 18th Jul 17
Accepting a Society of Government Tyranny - 18th Jul 17
Gold Cheaper Than Buying Greek Villas in 2012 - 18th Jul 17
Why & How to Hedge the Growing Risks of Holding Stocks - 18th Jul 17
Relocation: Everything You Need to do for a Smooth Transition Abroad - 17th Jul 17
A Former Lehman Brothers Trader: It’s Time To Buy Brick And Mortar Retailers - 17th Jul 17
Bank Of England Warns “Bigger Systemic Risk” Now Than 2008 - 17th Jul 17
Bitcoin Price “Deja Vu” Corrective Sequence - 17th Jul 17
Charting New Low in Speculation in Gold and Silver Markets - 17th Jul 17
Bitcoin Crash - Is This The End of Cryptocurrencies? - 17th Jul 17
The Fed's Inflation Nightmare Scenario - 17th Jul 17
Billionaire Investors Backing A Marijuana Boom In 2017 - 17th Jul 17
Perfect Storm - This Fourth Turning has Over a Decade of Continuous Storms to Come - 17th Jul 17
Gold and Silver Biggest Opportunity Since Late 2015, Last Chance at These Prices - 17th Jul 17
Stock Market More to Go - 17th Jul 17
Emerging Markets & Basic Materials Stocks Breaking Out Together - 16th Jul 17
Stock Market SPX Uptrending Again After Microscopic Correction - 15th Jul 17
Global Currency Reserve At Risk - 14th Jul 17
Picking Great Gold Stocks - 14th Jul 17
BBC Tree Expert's Verdict on Sheffield Amey / Labour City Council Tree Felling's - 14th Jul 17
SPX Cycles, Fed Funds and Gold - 14th Jul 17
Should Platinum Be More Expensive Than Gold? - 14th Jul 17
What's Next for US Dollar, Stocks, Bonds and Gold? - 13th Jul 17
India Gold Imports Surge To 5 Year High – 220 Tons In May Alone - 13th Jul 17
Gold and Silver: Your Stomach Is Probably Wrenching Right Now - 13th Jul 17
Gold Industry Is In A Deep State Of Dysfunction, Delusion And Denial - 13th Jul 17

Market Oracle FREE Newsletter

Crude Oil, Gold, ETFs & more: Pro-grade Market Forecasts

How Desktop 3D Printing Factories Will Create the Next $1 Trillion Industry

Companies / Technology Mar 08, 2012 - 07:34 AM GMT

By: Money_Morning

Companies

Diamond Rated - Best Financial Markets Analysis ArticleMichael Robinson writes: Don't worry if you've never heard of 3D printing. It's so new it's not on many radar screens yet.

But soon everyone will know about it.

Still in its very early stages, 3D printing is destined to have a huge impact on the entire world economy.


These "desktop factories" will one day become a $1 trillion industry-completely changing the traditional factory model forever.

It's what's known as a "disruptive technology."

Here's why...

By the end of this decade, everyone from consumers to big businesses to solo inventors will be able to make their own unique products in just a couple of hours.

Need a special tool?... Or a new spare part?

Soon you will be able to fire up the 3D printer and make one from composite materials.

Indeed, I recently watched a YouTube video of Z Corp. making an adjustable wrench from high-tech compounds. It was a copy made from metal.

Though it weighed less than the original, the "printed" wrench worked just as well and looked every bit as strong.

And let's not gloss over the medical products that can be created by these revolutionary printers. An 83-year-old woman in Europe recently received a new jaw doctors printed with titanium powder.

Medical team members said they made the implant in just a few hours compared with the several days usually required with existing methods.

That's why I say this technology symbolizes the Era of Radical Change. Now, anyone who knows computer basics can make or invent products on the fly.

3D Printing: A New Wave of Innovation

Technically, you don't really "print" a new product, though the process is similar. Rather than putting ink on paper, the system creates the product by adding thin layers of special polymers and some metals.

This is literally "cutting edge" high tech that is destined to become big business.

I believe it is the 21st century equivalent of the laser printer and the dawn of desktop publishing in the 1980s that changed the entire print industry.

But don't take my word for it...

Let's hear from Hewlett-Packard (NYSE: HPQ), the high-tech giant that knows both types of printers extremely well.

The Silicon Valley leader now offers a high-end unit made for professional use. Its DesignJet Color 3D printer reportedly sells for $20,000.

But consider this: 3D printing will soon come to the masses at prices they can afford.

Today, MakerBot sells its Replicator for $1,749. Its users can download free modeling software such as TinkerCAD or Sketchup from Google Inc. (NASDAQ: GOOG) to print their own products.

Small-cap leader 3D Systems (NYSE: DDD) also recently launched the Cube, a competing device that lists for $1,299. A related website, Cubify.com, combines the simplicity of a coloring book with robust digital resources.

The firm's CEO, Abraham N. Reichental, told BBC news that 3D Systems already has 1,000 workers -- and nearly as many patents.

Now just think of what will happen when the price of these machines drops to $500....

We're talking mass customization of a wide range of goods, from forks to jewelry to high-tech ski helmets.

When this happens, 3D printing will undoubtedly unleash a whole new wave of innovation.

And for a very simple reason...

Inventors will be able to use a low-cost 3D printer to truly unleash the power of their imaginations.

When that happens creativity has the potential to increase exponentially.

There will be no more spending thousands of dollars to have a specialty firm make a mold before you can even build the prototype.

3D Printing: Endless Possibilities

Now you know why the top brass at the Smithsonian just gave 3D printing their stamp of approval.

You see, the world's largest museum boasts more than 137 million objects. But only a few remain on display at any point in time.

With 3D printing, officials can scan originals with special software. Then they can "print" replicas they can loan to other museums.

At the very least, the Smithsonian can afford to make digital 3D images of its vast collection it can then store for later access.

According to a recent story by CNET, the museum already touts a 3D printed-replica of a Thomas Jefferson statue, which they say is the "largest 3D printed museum quality historical replica" on earth.

Meanwhile, 3D printing has also created other products with a definite "wow" factor.

Take the case of the two British researchers who printed their own spy plane in a week -- it took two days to design on a computer and five days to make.

The small, unmanned plane with a wingspan of about 4.5 feet soared at 100 MPH. You can watch a YouTube video of what's touted as the first flight of its kind here.

The European aerospace giant EADS also uses the technology to make specialty aircraft parts.

They've started with items like brackets that hold parts in place. But their long-term goal is to print the entire wing of a jetliner.

German supplier EOS says it gets parts orders from car and aerospace firms. And also from... dentists.

EOS says it can create up to 450 dental crowns in one day. That compares with about a dozen for most firms using conventional systems.

Not even music is immune to the disruptive impact of 3D printing. Last year, EOS used a specialty compound to make parts for a violin.

A violin maker assembled the parts into a working instrument that was then played by a concert violinist.

Clearly, 3D printing is destined to have a huge impact on the global economy.

I believe it could be worth $1 trillion in as little as a decade.

How is that, you ask?....

It's a matter of simple math.

The global economy measures about $60 trillion. Of that, manufacturing accounts for 17%, or $10.2 trillion.

If 3D printing captures just 10% of the sector that would total just over $1 trillion.

That's why I say we will see lots of opportunities to invest directly in this technology, or in firms using it to improve profit margins.

Either way, it is time to open your eyes to the possibilities of 3D printing.

Otherwise you'll miss the Next Big Thing that will change the future of manufacturing.

Source http://moneymorning.com/2012/03/08/3d-printing-how-desktop-factories-will-create-the-next-1-trillion-industry/

Money Morning/The Money Map Report

©2012 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife