The document summarizes recent trends in 3D printing technology. It defines 3D printing as a manufacturing method that quickly produces physical prototypes from 3D CAD data. It then contrasts traditional manufacturing with 3D printing in terms of cost, design, speed and quality. The document provides a block diagram of the components of a 3D printer and explains the working process which involves 3D modeling, printing, and finishing. It lists advantages such as no need for tools/molds and ability to create complex shapes. Applications mentioned include printing of body parts, wood printing, and 3D printed houses. Major 3D printing companies are also listed.