Rapid prototyping is a technology that builds physical 3D models directly from CAD data. It allows for faster product development by enabling corrections in early stages. The process involves slicing a 3D CAD model into layers, then depositing or solidifying materials layer-by-layer to build the model from the bottom up with no tooling required. Common rapid prototyping methods include stereolithography, fused deposition modeling, selective laser sintering, and 3D printing.