Title: A study of the entrepreneurial opportunities, Indian and global economy in the 3D printing sector

Authors: P. Sethu Ramalingam; K. Mayandi; N. Rajini; S.K. Rajesh Kanna; Nadir Ayrilmis

Addresses: Department of Mechanical Engineering, Rajalakshmi Institute of Technology, Chennai, Tamil Nadu, India ' Department of Mechanical Engineering, School of Automotive and Mechanical Engineering, Kalasalingam Academy of Research and Education, Krishnankoil, Tamil Nadu, India ' Department of Mechanical Engineering, School of Automotive and Mechanical Engineering, Kalasalingam Academy of Research and Education, Krishnankoil, Tamil Nadu, India ' Department of Mechanical Engineering, Rajalakshmi Institute of Technology, Chennai, Tamil Nadu, India ' Department of Wood Mechanics and Technology, Faculty of Forestry, Istanbul University – Cerrahpasa, Bahcekoy, Sariyer, 34473, Istanbul, Turkey

Abstract: The main aim of the research was to explore all the opportunities, economic aspects, and challenges faced by various 3D printing industries, entrepreneurs and consumers. 3D printing is a revolutionary digital production technique in Industry 4.0 that can transform the manufacturing sector to a new dimension thereby creating a lot of opportunities and paving the way for economic growth both in the global and Indian industries. Moreover, the possibilities and availabilities of the 3D printing business opportunities for the entrepreneurs were studied based on their domain-specific areas such as application, manufacturing, programming, design and development. In recent decades, most of the industries have focused on 3D printing technologies as it has arbitrary potential in all the sectors, single universal machine for producing intricate shapes and having online remote access. The present study also considered quick prototyping, fast manufacturing, along with the current novel methodologies in fabricating 3D elements. The advancements in 3D printing technology for various other industries like electrical industries in inventing receptors, circuit boards, etc. were deliberated. Thus, the outcome of this specific study could be used to identify the entrepreneur company models in 3D printing and its business version by considering economic growth.

Keywords: 3D printing; entrepreneurship; global and Indian economy; additive manufacturing.

DOI: 10.1504/IJESB.2024.135219

International Journal of Entrepreneurship and Small Business, 2024 Vol.51 No.1, pp.39 - 61

Received: 13 May 2020
Accepted: 23 Nov 2020
Published online: 03 Dec 2023 *

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