Page 48 - MMI-SeptOct2021 SM upload

EVENT SNAPSHOT

HELPING INDUSTRY HARNESS TECHNOLOGY

With the aim to help Additive Manufacturing achieve maturity and facilitate its

incorporation in Mechanical & Plant Engineering, VDMA India organized the
‘Additive Manufacturing Symposium – The Game Changer of Manufacturing’ for

the second time at Taj, Bengaluru on August 20, 2021. Highlights…

Source: VDMA India

dditive Manufacturing plications, AM delivers a perfect Additive Manufacturing market
A (AM), also known as trifecta of improved perfor- alone is estimated to hit $79 mil-
3D Printing, is a trans-
mance, complex geometries, and
lion in products and services by
formative approach to industrial simplified fabrication. the end of 2021 with a CAGR (Com-
production that enables the pounded Annual Growth Rate)
creation of lighter, stronger AM gaining momentum of around 18 percent in the past
parts and systems. It is yet anoth- New avenues of AM adoption 5 years. While increased domestic
er technological advancement are emerging with more indus- production, low manufacturing
made possible by the transition tries and applications adopt- costs and an increased utilization
from analogue to digital process- ing it. Currently, Automotive across industries and application
es. In recent decades, communi- and Electronics industries lead will power this growth, the part-
cations, imaging, architecture, both in terms of overall mar- nership of key AM players with
and engineering have all under- ket share as well as growth of the Government’s ‘Make in India’
SOVAN TUDU gone their own digital revolu- AM adoption and are trailed by initiative will further boost its ex-
Sub-Editor
Magic Wand Media Inc tions. It has revolutionized the Medical, Industrial and Archi- panding footprint.
Sovan.tudu@ way we think and has ushered in tectural sectors.
magicwandmedia.in
flexibility and efficiency to man- The technology is projected to Initiative towards
ufacturing processes. While ad- touch a market of $36 billion by industry progress
ditive manufacturing seems new 2027 and is predicted that the The event covered various leit-
to many, it has been around for impact of the AM industry could motifs ranging from simulation,
several decades and is rapidly accelerate to attain a potential of machinery, processes, imaging
picking up pace. In the right ap- $300 billion by 2027. The Indian products and materials. More

48 | September-October 2021 Modern Manufacturing India