3D printing could become faster, cheaper and more efficient with Hewlett-Packard entering the market.

Though it shied away from announcing specific product plans, HP this week shed light on its work in 3D printing technology. The company, with its rich history in the market, will most likely spark growth in 3D printing, a 20-year-old industry marred by technical and support issues.

At an event Wednesday in New York, HP said it expects its first 3D printer to arrive in 2016. The company said its technology will spur competition and speed up the pace of development in the field, reducing costs and leading to faster 3D printer operation.

HP’s 3D printers will be targeted at enterprises, much like the company’s large-format printers, which are used to make billboards and posters. Unlike the current crop of HP printers, however, the upcoming 3D products are being designed to produce a wide range of functional objects and industrial components.

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