In January 2024, Nextech AR Solutions Inc., a leading provider of augmented reality (AR)-based content management software and an AI-3D model supplier, announced a significant boost in sales following the signing of six major contracts and renewals. Among the renewed partnerships are notable companies like CB2, a division of Crate and Barrel; Artika, renowned for its innovative lighting solutions; Raptor Tactical, a designer and manufacturer of cutting-edge tactical equipment for military, police, and law enforcement; William Wood Mirrors; and EOD Gear Supplies, which supplies tactical gear to EOD (Explosive Ordnance Disposal) technicians and SWAT teams.
This influx of contracts highlights the growing demand for Nextech3Dai’s AI-powered 3D models, particularly within the e-commerce space. The company’s success is further underscored by its position as a market leader in the development and application of AI for 3D modeling. As the global 3D CAD software market grows, with its size reaching USD 12.55 billion in 2024 and expected to hit USD 24.23 billion by 2034, the demand for advanced 3D models is anticipated to rise. The market is projected to expand at a CAGR of 6.8% from 2025 to 2034, driven by technological advancements that will propel growth in sectors such as e-commerce, manufacturing, and design.
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Nextech AR Solutions is poised to capitalize on this upward trajectory, with the potential for further growth as 3D modeling becomes increasingly essential in the competitive online retail sector. As businesses continue to seek enhanced product displays and customer experiences, Nextech3Dai’s AI-powered solutions are well-positioned to meet this increasing demand.
February 2024: Velo3D Launches New Print Preparation Software to Revolutionize 3D Printing
In February 2024, Velo3D, a California-based software company, unveiled a new version of its print preparation software tool, Flow 7.0, which promises to simplify and streamline the relocation of additive production and manufacturing projects to the Sapphire metal 3D printing systems. This new update introduces a feature called Flow Developer, which offers unprecedented transparency and control over the parameters used in the 3D printing process.
The introduction of Flow 7.0 and the Flow Developer feature is a significant advancement in the additive manufacturing industry, allowing users to achieve higher levels of precision and control in the production process. By providing full visibility into the key parameters used during the printing process, Flow 7.0 empowers manufacturers to optimize their workflows and achieve greater consistency and accuracy in their 3D printing operations.
With this latest development, Velo3D continues to position itself as a leader in the 3D printing space, offering innovative solutions that enable businesses to push the boundaries of additive manufacturing and achieve faster, more efficient production processes.
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