SRTI Park Increases Investment In 3D Printing To Drive Innovation In The Manufacturing Sector – Manufactur3D
The Sharjah Research, Technology and Innovation Park (SRTIP) is increasing its investment in 3D printing in order to promote innovation across a variety of sectors and industries, including the critical manufacturing sector.
Sharjah is steadily moving toward taking a frontline position in the field of 3D printing, as the UAE becomes a global competitor in this field. As part of its goal to become a hub for 3D printing technology, SRTI Park has constructed a one-of-a-kind structure on its grounds 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.”
Investment in 3D printing
SRTIP is increasing its investment in 3D printing and has collaborated with global companies to establish a unit specialised in additive manufacturing as part of its vision to be one of the largest and most advanced 3D printing technology platforms in the region.
The complex has drawn a number of leading international companies in this field, including General Electric (GE), the American industrial and technology behemoth that operates within SRTI’s additive manufacturing unit via a number of advanced devices; and 3DTIV Tech, a division of Modest Company Group that has been providing a range of products and services to companies in the MENA region, including clients in the oil, gas, and construction industries, for several years.
The Sharjah Open Innovation Lab (SOILAB) at SRTI Park is the first applied incubator for start-ups and innovative companies to create prototypes, as well as the Middle East Center for Additive Manufacturing, which was launched to advance the UAE’s goal of becoming a global hub for 3D printing.
According to a February 2022 international survey, the overall 3D printing market will grow by 24% to $44.5 billion by 2026, and 68% of engineering businesses surveyed said they used 3D printing more in 2021 than in 2020.
The automotive industry is also seeing a surge in demand for 3D printing as it continues to innovate in the creation of components and patterns for metal castings, parts, and other vehicle components.
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