Immensa Technology Labs forecasts UAE 3D printing sector to reach AED 2.2 billion by 2025
Immensa Technology Labs, the UAEs leading additive manufacturing company, expects the Additive Manufacturing and 3D printing sector in the UAE to triple every year to reach AED 2.2 billion by 2025.
It also predicts that the sector will add AED 11 billion to the UAEs GDP in 2028, contributing to over 1.0% of the GDP and inducing it with around 3% of the 3D-printing global market share.
This is due to the more superior applications being developed and the growing number of organisations adopting the technology as well as the rapidly increasing demand from local and regional companies for 3D printing solutions.
The outlook for the industry was recently established after the company, represented by its CEO and Founder Fahmi Al Shawwa, met with HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of the Board of Trustees of Dubai Future Foundation, DFF, as part of a meeting that was organised by the Dubai Future Foundation.
Led by DFF, His Highness launched the 3D Printing Strategic Alliance, the first initiative of its kind to create a comprehensive network of government entities, academia, and international and local 3D-printing companies.
During the meeting, His Highness expressed personal interest and involvement in establishing the UAEs 3D-printing capabilities and reiterated the governments support of the companies working in the field.
He was also briefed on the hurdles being faced in the sector and the developments done over the past few years.
In his comments, Fahmi Al Shawwa said: The meeting and the level of dialogue with His Highness were invaluable.
This is what distinguishes Dubai from other places: its leadership continuously meets with business leaders and companies from different industries to discuss details of what is needed to boost economic activity and UAEs position on the global map across several fronts.
Al Shawwa continued: Since its beginning in 2016, Immensa has played a vital role in a number of milestone additive manufacturing projects across the region.
The company worked closely with the DFF team and witnessed first-hand how the government has been proactive by consistently assessing how they can help the production of a dynamic and globally ambitious 3D-printing sector.
Today, the UAE boasts the most comprehensive range of concrete 3D printers in the world and is the only country in the GCC with a private sector that owns and operates metal 3D printing systems.
Moreover, the nation has the most notable number of industrial 3D printers in the whole Middle East that produce mechanical and industrial parts.
Immensas Digital Warehouse Solution is the only regionally developed inventory digitisation service and is currently used by both private and public sector companies in the UAE.
The Dubai Future Foundation has always stood beside the government in supporting, assisting, and supporting companies working in the private sector.
They hosted the 3D-printing industry roundtables that highlighted dozens of different companies, which promoted and enabled direct communication between various government entities and the private sector.
Immensa has developed industrial and mechanical applications for customers across multiple sectors, including defence, Oil & Gas, aviation, medical, and transportation, with the company being a member of the global consortium that developed the guidelines for printing 3D metal parts for the oil & gas and maritime industries.
This was a breakthrough not just for Immensa, but for the UAE and the region as it is the first time that a regionally based company is invited to develop guidelines that were then converted by DNV GL as standards.
Immensa Technology Labs has developed over the past three years at an annual 100% rate and is on track to increase by higher than 300% in 2020, notwithstanding all the global difficulties faced to date.
