Al Seer Marine, an Abu Dhabi-based marine company as well as a subsidiary of the International Holding Company (IHC), moves forward with the 3D print manufacturing unit as new research forecasts the global 3D printing market is set for rapid growth.
Commonly referred to as 3D printing, additive manufacturing uses computer-aided design software or 3D object scanners to produce lighter, stronger parts and systems. The business unit will also develop large-scale additive manufacturing products and parts that are in high-demand regionally and globally.
The technology provides numerous advantages during the manufacturing process, enabling engineers to design parts with increased complexity in drastically shorter timeframes, Al Seer Marine said in a statement.
The move comes as Grand View Research said the global 3D printing market has been valued at $13.78 billion in 2020 and is expected to grow at an annual growth rate of 21 percent from 2021 to 2028.
The company added that the new business unit will leverage the latest additive manufacturing technologies for the company’s in-house manufacturing of unmanned vessels and vehicles.
The business unit will also develop large-scale additive manufacturing products and parts that are in high-demand regionally and globally.
Guy Neivens, CEO of Al Seer Marine, said: “The company’s decision to pursue additive manufacturing is testament to the technology’s growing influence and diverse applications across a range of sectors.
“This increased adoption has been largely driven by the digital process behind additive manufacturing, which allows for the creation of bespoke parts with complex geometries and little wastage – rapidly reducing costs and weight considerations while maintaining the part’s strength and integrity.”
He added: “We are confident that our additive manufacturing business unit will be in a position to lead the segment across the region by 2025, introducing numerous advantages to our industrial capabilities and transforming the region’s shipping industry.”
Founded in 2003, Al Seer Marine has over 1,200 employees and as of the end of September 2021, the company’s assets amounted to AED6 billion, compared to AED717.81 million at the start of the year.
Al Seer Marine provides vessels construction services, operation, refurbishment, and yacht management to private customers, as well as fulfilling public sector vessels contracts.
To conclude, the technology provides multiple advantages during the manufacturing process, allowing engineers to design parts with increased complexity in less time.
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