Standard Blub: With the advancements in the field of additive manufacturing, 3D printing has evolved as an alternative to subtractive manufacturing and offers benefits such as low material wastage, the ability to handle part complexity, less human intervention, and low cost. Therefore, 3D printing can play a vital role in new product development by delivering products at a faster speed, reducing energy consumption thereby leading to significant cost savings. • Presents recent advances such as industry 4.0, 4D printing, 3D material mechanical characterization, and printing of advanced materials. • Highlights the interdisciplinary aspects of 3D printing particularly in biomedical, and aerospace engineering. • Discusses mechanical and physical properties of 3D printed parts, material aspects, and process parameters. • Showcases topics such as rapid prototyping, medical equipment design, and biomimetics related to the role of 3D printing in new product development. • Covers applications of 3D printing in diverse areas including automotive, aerospace engineering, medical, and marine industry. The text is primarily written for senior undergraduate, graduate students, and academic researchers in the fields including manufacturing engineering, mechanical engineering, aerospace engineering, industrial engineering, and automotive engineering design.