The Sharjah Research, Technology and Innovation Park (SRTIP) is increasing the investment in 3D printing with the goal of promoting innovation in a number of sectors and industries, including the crucial manufacturing sector.
As part of its goal to become a center for 3D printing, SRTI Park has built a unique structure on its premises using 3D-technology, which is one of the prominent technologies of the Fourth Industrial Revolution related to construction.
“3D printing is a priority area in our investment plan for 2023, because we see great potential for transforming the manufacturing sector through this technology. Integrating 3D printing into production processes reduces costs and eases logistical challenges related to shipping and product scarcity as the required parts can be printed immediately. It also provides unlimited freedom in designing any piece or geometric shape, and allows it to be produced with various materials such as metal powders, plastics, ceramics, and others.”
According to an international survey, the overall 3D printing market will grow by 24 percent to reach $44.5 billion by 2026, and 68 percent of engineering businesses surveyed said that “they used 3D printing more in 2021 than in 2020.”
SRTIP has collaborated with global companies to establish a unit specialized in additive manufacturing, as part of its vision to be one of the largest and most advanced 3D printing technology platforms in the region.
According to the statement, “The complex has attracted a number of leading international companies in this field, including General Electric (GE), the American industrial and technology giant, which operates within SRTI’s additive manufacturing unit through a number of advanced devices.”