Koh Poh Koon: Additive manufacturing is expected to grow by $7.5B in Asia-Pacific in 6 years

Singapore is well-positioned to be an innovation hub for additive manufacturing.

Additive Manufacturing presents great growth opportunities in the future. In Asia-Pacific alone, it is expected to grow to more than SS$7.5 billion by 2025.

Industries that have a high potential for additive manufacturing adoption, such as Aerospace, Marine & Offshore and Medical Technology, are well-matched to Singapore’s manufacturing base.

Hence, Singapore is in a good position to adopt new technologies in 3D printing, to change, disrupt and innovate manufacturing processes for improved performance and cost advantages.

In this regard, I am encouraged by NAMIC’s efforts to drive the adoption of additive manufacturing industry. For example, NAMIC has been engaging LTA to seed the adoption of 3D printing in manufacturing spare parts for trains and buses to enhance maintenance and engineering operations.

Source: Lianhe Zaobao

To find out more, click https://www.zaobao.com.sg/finance/singapore/story20190508-954790?utm_source=ZB_iPhone&utm_medium=share