Aerospace 3D Printing Market Forecast to 2028

According to the most recent report by Emergen Research, the global market for aerospace 3D printing is anticipated to reach USD 11.98 billion in 2028 at a consistent CAGR of 26.6%. The need for lightweight aircraft to improve fuel efficiency can be linked to the steady revenue growth of the worldwide aerospace 3D printing market. Demand for 3D printing in the aerospace industry is also being driven by the production of bespoke aircraft parts to fulfil the unique functional needs of aircraft. Furthermore, the use of 3D printing technology allows for the quick and more affordable production of bespoke parts and components. Large expenditures are being made in RD and methods to boost aircraft fuel-efficiency through weight reduction because fuel consumption is a significant cost driver for airline operators.

In order to help readers, stakeholders, and businesses improve their positions in the global Aerospace 3D Printing Market, the Aerospace 3D Printing Market study will give them detailed information about market size, revenue growth, and general market dynamics. Also, it includes comprehensive details on important variables, restrictions, problems, and market divisions based on things like product category, application, and geographical bifurcation.

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The global Aerospace 3D Printing market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Aerospace 3D Printing industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Stratasys Ltd., Höganäs AB, EOS GmbH, Norsk Titanium AS, MTU Aero Engines AG, 3D Systems Corporation, Materialise NV, Ultimaker BV, EnvisionTEC GmbH, and ExOne

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Some Key Highlights from the Report

• In July 2020, Ultimaker made an announcement about the launch of Ultimaker Essentials, which is an innovative 3D printing software solution developed to help companies to incorporate additive manufacturing in current IT infrastructures and with the benefit of easy software distribution and upgradation.
• Use of 3D printers in the aerospace industry reduces manufacturing time and saves on material costs. Companies, including GE Aviation and various government organizations, such as NASA are making significant investment in research and development of novel 3D printing alloys with the ability to withstand high speed and harsh environments, while optimizing strength-to-weight ratio of the aircraft engine.
• Stereolithography in aerospace sector is widely used in manufacturing aircraft/spacecraft component parts in a relatively short time period, as it allows for fast curing of printed parts. Stereolithography helps in prototyping by enabling production of a low-cost, precise model, and hence aids manufacturers in finding potential mistakes that can cost a lot by detecting flaws in design of the component parts to be printed. Additionally, the technology offers a cost-effective alternative for low-volume parts’ production and a lower lead time. Moreover, as stereolithography is driven by Computer Aided Design (CAD), it allows for easy scalability.
• The aerospace 3D printing market in North America contributed largest revenue share in 2020, attributed to presence of leading 3D printing solution and services providers including Stratasys Ltd., 3D Systems Corporation, and ExOne, and increased investment in the research and development of 3D printing components and parts for aircraft, UAVs, and spacecraft. In addition, growth of the market in the North America, particularly in the US, is spurred by Federal Aviation Administration (FAA) approval for use of 3D printed and flight critical components and parts for commercial jet engines.

Market Overview:

The report bifurcates the Aerospace 3D Printing market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Component Outlook (Revenue, USD Million; 2018–2028)
• Hardware
• Software
• Services
• Materials

• Technology Outlook (Revenue, USD Million; 2018–2028)
• Direct Metal Laser Sintering (DMLS)
• Fused Deposition Modeling (FDM)
• Stereolithography (SLA)
• Selective Laser Sintering (SLS)
• Others

• Application Outlook (Revenue, USD Million; 2018–2028)
• Aircraft
• Unmanned Aerial Vehicles (UAVs)
• Spacecraft

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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