Aerospace Additive Manufacturing Market 2018 Global Key Players:3D Systems, Arcam AB, EOS, ExOn, Stratasys, ATI, Carpenter Technology, Concept laser, CRP Technology

Market Research Future published a Half Cooked research report on “Global Aerospace Additive Manufacturing Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Aerospace Additive Manufacturing Market – Overview

The global aerospace additive manufacturing market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of aerospace additive manufacturing will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).

The high demand for additive manufacturing market is due to the growth in the aircraft industry. Many aircraft manufacturers have setup the aerospace additive manufacturing centres in numerous countries in recent years. This increases the participation of regional companies in the field of aerospace additive manufacturing market. Moreover, the growing demand for aerospace additive manufacturing equipment’s that satisfy the shorter development time, time to market, to design complex geometries, high material efficiency. Thus, the aerospace additive manufacturing system is an integral part of aircraft industry in forecast period. The growth in growing fleet size of various airlines are estimated to gain higher popularity during the forecast period. However, the issues related to its commercialization, expensive additive manufacturing materials, and slow adoption of this technology against convention manufacturing process acts as a barrier for the growth of aerospace additive manufacturing market.

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3D Systems (U.S.), Arcam AB (Sweden), EOS (Germany), ExOne (U.S.), Stratasys (U.S.), ATI (U.S.), Carpenter Technology (U.S.), Concept laser (U.S.), CRP Technology (Italy), Optomec (U.S.), Proto Labs (U.S.), Renishaw Plc. (U.K.), SLM Solutions (Germany), and Voxeljet (Germany) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global aerospace additive manufacturing market.

Industry/ Innovation/ Related News:

March, 2018 – EOS announced the sale of two of its flagship printers to Morf3D, a cutting-edge additive design, and manufacturing company. EOS technology would be used by Morf3D to manufacture the flight hardware for Boeing and Honeywell.
September, 2017 – Arcam AB have opened state-of-the-art powder manufacturing facility in Quebec, Canada.
October, 2015 – 3D Systems in collaboration with Pennsylvania State University to support operations in Center for Innovative Materials Processing, which served as the official additive manufacturing demonstration facility for the U.S. Defense Advanced Research Projects Agency (DARPA).

Aerospace Additive Manufacturing Market – Segmentation

The global aerospace additive manufacturing market is segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Technology : Comprises 3D Printing, Laser Sintering, Stereo Lithography, Fused Deposition Modelling and Electron Beam Melting
Segmentation by Vertical : Comprises Materials and Printers
Segmentation by Industry : Comprises Aircraft, UAV, Spacecraft
Segmentation by Materials Application : Comprises Engine, Structural and Space Components
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Aerospace Additive Manufacturing Market: Regional Analysis

North America market is dominating the market of aerospace additive manufacturing market due to high adoption rate of 3D printing technology. The market in the developed countries is largely driven by growing demand for light-weight components, which helps in growth of aerospace additive manufacturing market.
Asia Pacific is referred to as the second-largest aerospace additive manufacturing market due to factors such as increased investment in the latest manufacturing technology have fuelled the demand for aerospace additive manufacturing market.

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This release was published on openPR.