Innovate UK is investing up to £4.5 million in industrial research projects that will stimulate innovation in additive manufacturing, also known as 3D printing.
Additive manufacturing is a well-established tool for rapid prototyping and tooling. It can provide direct production of end-use components and consumer goods. These can be in a wide variety of global market sectors – from medical devices to aerospace.
Businesses can apply for funding to help them explore and develop their wider digital manufacturing capability. Projects must show a significant innovation step in both additive manufacturing and connected digital manufacturing.
Global market opportunities
Additive manufacturing is a disruptive technology that offers huge potential for UK businesses. The worldwide market for all additive manufacturing products and services was worth $4.1 billion in 2014.
This is growing at a compound annual growth rate of 35%. We estimate that the UK can win around 5% of the global market for AM products and services which is forecast to reach £70 billion by 2025.
The competition is one of Innovate UK’s new simplified competitions focused on the 4 key sectors of manufacturing and materials, emerging and enabling technologies, health and life sciences, and infrastructure systems.