Market Size 2023 (Base Year) | USD 3.48 Billion |
Market Size 2032 (Forecast Year) | USD 15.73 Billion |
CAGR | 18.25% |
Forecast Period | 2024 - 2032 |
Historical Period | 2018 - 2023 |
As per the published report by Market Research Store, the Global Aerospace 3D Printing Market size was estimated at USD 3.48 Billion in 2023 and is anticipated to reach reach USD 15.73 Billion by 2032, growing at a projected CAGR of 18.25% during the forecast period 2024-2032. The report provides a detailed analysis of the global Aerospace 3D Printing Market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.
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3D printing is the additive manufacturing process in which three dimensional is created from the digital file. This 3D object is manufactured by use of additive processes in which layers of material are laid down until the final object is created. 3D printing enables to produce complex shapes using less material than traditional manufacturing methods. Aerospace industry was the early adopter of this technology and continues to use it making advancement in the technology. Aerospace industry benefitted with additive manufacturing as it provided lighter and strong parts as compared to traditional manufacturing.
The global Aerospace 3D Printing Market is expected to expand due to increased adoption of 3D printing technology by the manufacturer owing to plethora of reasons. 3D printing enables to manufacture strong and lightweight structures as a result of which cost is saved in material as well as in fuel consumption. Industrial 3D printing enables a wide range of design optimizations – from part customization and upgrades to exclusive innovations that can only be manufactured additively. Accuracy plays an important role in aerospace manufacturing and slight error may have significant cost increase in the production and operation.
Thus, accuracy of the 3D printing assist in increasing the efficiency of the engine and low carbon emission is achieved. 3D printing is integrated at all the stages of product development such as design, validation, pre-production, production and customization. Similarly increased investments in defence aerospace sector and commercialization of space industry are expected to drive the market of aerospace 3D printing market. Faster production cycle, cost saving, increased flexibility and customization are important attributes of 3D printing that are also required for efficient aerospace manufacturing. Therefore, in coming years complementary relation between two industries is likely to produce positive growth.
Report Attributes | Report Details |
---|---|
Report Name | Aerospace 3D Printing Market |
Market Size in 2023 | USD 3.48 Billion |
Market Forecast in 2032 | USD 15.73 Billion |
Growth Rate | CAGR of 18.25% |
Number of Pages | 110 |
Key Companies Covered | MTU Aero Engines AG, Stratasys Ltd., Ultimaker B.V., 3DSystems Corporation, Arcam AB, The Exone Company, Höganäs AB, EOS GmbH, Materialise NV, Envisiontec GmbH, Norsk Titanium, and Aerojet Rocketdyne among others |
Segments Covered | By Industry, By Technology, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2023 |
Forecast Year | 2024 to 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global Aerospace 3D Printing Market is segregated based on the industry as aircraft, unmanned aerial vehicles (uavs), spacecraft. Spacecraft segment will see higher growth owing to increased commercialization of space.
By Technology the market is divided as stereolithography (sla), continuous liquid interface production (clip), fusion deposition modelling (fdm), direct metal laser sintering (dmls), selective laser sintering (sls), others.
By Application the market is bifurcated as engine components, structural components, others
In 2020, the North American market for aerospace 3D printing is expected to be the biggest. Countries in the North American region, such as the United States and Canada, are seeing an increase in the use of 3D printing technology in the aerospace industry. With several OEMs, and raw material suppliers, sector players, the region is the world's production hub of the aviation industry. Major 3D printer manufacturers have also set up shop in the area to meet the surging growth of 3D printers and products in the region. Due to competition for lightweight aircraft parts, the aerospace 3D printing markets in Europe are also anticipated to widen significantly. In the same time frame, Asia-Pacific is anticipated to witness the fastest aerospace 3D printing market, owing to a rising presence of OEMs and sector players looking to capitalize on increased competition from key countries such as China, Japan, and India.
Major players in the market are
By Industry
By Technology
By Application
Aerospace 3D Printing
Aerospace 3D Printing
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