Additive manufacturing (commonly referred to as 3D printing) technology is altering the business landscape and changing the way products are made. Before additive manufacturing was available to the masses, designing, prototyping and manufacturing a product took time and was considerably expensive—the cost prohibitive nature of the product development process left many startups in the dust. However, this technology has reduced both product development timelines and expenses, which means that kicking a hardware startup into high gear is not as challenging as it once was. Below are three ways 3D printing technology is bending traditional business rules—and helping startups succeed.
Ideas and products that were once seemingly impossible to produce, due to design constraints, are now finding life with 3D printing. New designs are taking on geometric shapes that have never been produced before and the possibilities are endless. Product designers now have the ability to design a product in the most efficient way possible, instead of focusing solely on meeting manufacturing constraints. Limitless design is now at your fingertips.
The Hardware Startup Scene
While additive manufacturing is changing many facets of business, prototyping is still where the technology is used most frequently. Entrepreneurs with a great product idea are now able to prototype their design in mere hours and at a low-cost. With the ability to build and validate an idea within such a short time period, the world of hardware startups is shifting. Hardware startups are gaining momentum and major investors are starting to take notice.
Additive manufacturing is pushing the boundaries of innovative product design, but the technology in itself is undergoing major innovations. Where plastics once dominated the 3D printing scene – ceramics, metals, bio materials and even food are now viable options. New desktop 3D printers with customized capabilities are being designed at a rapid rate, and many can even be found on crowdfunding sites. The at-home consumer 3D printing market has not lived up to the hype that surrounded it a few years back, but industrial scale additive manufacturing technology is taking off.
Entrepreneurs and hardware startups are finding that designing a product has never been as easy as it is today—thanks in part to 3D printing. With 3D printing poised to disrupt manufacturing in a big way, we can only imagine how it will continue to revolutionize the entire business landscape in the coming years.
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.