The latest Aerospace 3D Printing Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Aerospace 3D Printing Market is valued at approximately USD 2.66 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.07% over the forecast period 2022-2029.
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3D printing, also known as additive manufacturing, is a method of producing three-dimensional solid items from a digital file. The production of a 3D-printed object is accomplished using additive techniques. An object is built in an additive technique by laying down successive layers of material until the object is complete. Each of these levels is a thinly sliced cross-section of the object. 3D printing allows for the creation of complicated shapes while utilizing less material than traditional manufacturing processes. The Aerospace 3D Printing Market is expanding because of factors such as the high demand for lightweight parts and components as well as the increased use of composite materials.
According to International Air Transport Association (IATA), the aviation sector is on track to achieve net-zero carbon emissions by 2050. The major strategy used by aircraft makers to increase fuel efficiency and meet the stated objective is to reduce the net weight of an aircraft and optimize the engine. For instance, the locking shaft of an Airbus A350 aircraft door was created using additive manufacturing, resulting in a 45% weight reduction while maintaining comparable robustness, as well as a 25% reduction in production cost due to less material usage, material waste, and assembly time. The approach also reduced the number of parts from ten to one, lowering the structure’s complexity and saving more than four kilograms over sixteen door shafts. Thus, the increased need for lightweight and long-lasting aircraft components significantly contributes to market growth. Also, the supply chain management and advancement of superior 3d printing technologies provide lucrative growth opportunities for the market during the forecast period. However, the high cost of parts and limited materials may stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Aerospace 3D Printing Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of revenue, North America dominated the market owing to the rising demand for lightweight aircraft components. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period. Due to the growing need for 3D-printed components in space applications, the spacecraft segment is predicted to grow during the projected period. The UAV segment is expected to expand rapidly. In Asia Pacific, the segment’s expansion is being fueled by increased investments by key players and the space industry.
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Major market players included in this report are:
3D Systems (U.S.)
Stratasys (Israel)
Materialise (Belgium)
EOS GmbH (Germany)
General Electric Company (U.S.)
CleanGreen3D (Mcor Technologies Limited) (U.S.)
Ultimaker BV (Netherlands)
Proto Labs, Inc. (U.S.)
Relativity Space (U.S.)
The ExOne Company (U.S.)
Recent Developments in the Market:
- In May 2022, 3D Systems announced that it has been hired by aerospace giant Airbus to provide “essential components” for Airbus’ satellite OneSat. 3D Systems will now use its DMP Factory 500 platform to serially construct elements of the satellite’s antenna arrays.
- In May 2022, Sratasys subsidiary MakerBot and 3D printer manufacturer Ultimaker announced a merger, resulting in the formation of a new desktop 3D printing company. The united business will seek to provide an entire ‘ecosystem’ of desktop 3D printing technology, software, and materials to a larger worldwide client base.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below.
By Vertical:
Printer
Material
By Industry:
UAV
Space
Aircraft
By Application:
Engine components
Space components
Structural components
By Printer Technology:
Direct Metal Laser Sintering (DMLS)
Fused Deposition Modeling (FDM)
Continuous liquid interface production (CLIP)
Stereolithography (SLA)
Selective Laser Sintering (SLS)
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Aerospace 3D Printing Market Report:
- What is the projected size of the global Aerospace 3D Printing market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Aerospace 3D Printing industry?
- What are the major market trends that are affecting the expansion of the Aerospace 3D Printing market?
- What obstacles must be overcome in order to achieve sustained growth in the Aerospace 3D Printing market?
- What opportunities and threats do vendors in the global Aerospace 3D Printing market face?
- What are the raw materials and manufacturing equipment used in the production of Aerospace 3D Printing, and what is the manufacturing process?
- What are the different types and applications of Aerospace 3D Printing, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Aerospace 3D Printing market?
- What factors are driving the growth of the Aerospace 3D Printing market in the top regions worldwide?
- Who are the major players in the global Aerospace 3D Printing market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Aerospace 3D Printing market?
- What are the main findings of a five forces analysis of the global Aerospace 3D Printing market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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