Hybrid Software Group PLC Annual Report 2022 14 15 Hybrid Software Group PLC Annual Report 2022 Hybrid Software Group Strategic report Governance Financial statements Other information Our markets continued... Beyond prototyping Inkjet 3D printing is one of the most flexible additive manufacturing technologies, supporting applications that range from robust metal components to co-moulded parts fabricated from multiple materials, including cutting edge “functional” printing for manufacturing electronics. This ability to create radical new products is helping to drive 3D printing adoption in the traditional manufacturing space. An industry that used to produce only prototypes is now shifting to volume production. Agile and just-in-time There are two types of inkjet additive manufacturing. The first type is known as binder jetting - using inkjet printheads to jet a glue or binder on a bed of sand or powder. The powder bed means there is less need for adding supports to overhanging structures. The second type is materials jetting - heating polymer filaments to a liquid state so they can be deposited in layers using inkjet printing technology, then cured with UV light. Materials jetting using UV cured polymers has excellent detail and accuracy and a unique capability for combining multiple materials and colours in a single print job. Materials jetting is also the only additive manufacturing technology capable of functional printing for applications like printed circuit boards, embedded electronics and batteries. Inkjet additive manufacturing has all the benefits of digital printing. It is Industry 4.0 compliant, makes hardware development agile, enables just-in-time manufacturing for minimal inventory cost, and is inherently low-waste with more opportunity for sustainability. g. Extrapolated from “https://www.grandviewresearch.com/industry- analysis/additive-manufacturing-market” Additive Manufacturing Market Size Report, 2030 h. “https://www.fortunebusinessinsights.com/industry-reports/3d-printing- market-101902” 3D Printing Market Size, Growth | Global Research Report [2029] (fortunebusinessinsights.com) i. “https://www.grandviewresearch.com/industry-analysis/additive-manufacturing- market” Additive Manufacturing Market Size Report, 2030 Copyright © Xaar Plc The estimated global market size rose to USD $17 billion in 2021 compared with USD $13.8 billion in 2020g. CAGR estimates are quite optimistic, ranging from around 21% to 30% over the next 7- 8 years. Key drivers for growth are aerospace, bio-medical/healthcare and automotive applications. Additive manufacturing for production applications represents 38% of the total additive manufacturing market in 2021h, a significant shift from the predominantly prototyping use cases where additive manufacturing first gained traction. Inkjet 3D printing is expected to grow from about 2% to 10% of the global market by 2027, driven by consumer electronics, functional printing, biosensing and a government drive to adopt digital printing policiesi. 3D/Additive manufacturing Through its subsidiary Meteor Inkjet, the Company helps manufacturers harness the power of inkjet for additive manufacturing applications without the distraction of having to design electronics and software solutions inhouse. Meteor can radically simplify the path through development to production for 3D inkjet printer manufacturers and integrators.
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