Additive Manufacturing Market in Aerospace Industry Comprehensive Study | Industry Players: 3D Systems, Renishaw, Proto Labs, Optomec, CRP Technology, Concept laser and Carpenter Technology

Market Highlights:

Additive manufacturing is a process that can build a three-dimensional object based on a CAD digital model. AM uses an 'additive' process, where an object is built by applying materials in successive layers as per the CAD design. Unlike the conventional manufacturing, which involves 'subtractive' process (e.g., cutting, drilling, milling) and forming (bending, shaping), the AM process requires minimum or no tooling to build the finished product.
It simplifies and shortens the manufacturing supply chain. AM also contributes to reduce or eliminate tooling, welding, inventory and entire assembly lines. AM also provides with the ease of manufacturing for complex parts and increased design freedoms. Increased utilization and acceptance of AM in the aerospace industry has further accelerate the growth of the market.

However, there are various hurdles hampering the rapid commercialization and wide-scale utilization of AM, for aerospace parts and products. The current AM technology is not yet capable enough to compete with conventional manufacturing techniques in terms of speed of production and reliability. There are also issues associated with limited choices for materials (only a fraction of materials used for conventional manufacturing are currently suitable for AM process).

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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.

Major Key Players
3D Systems (U.S.),
Arcam AB (Sweden),
EOS (Germany),
ExOne (U.S.),
Stratasys (U.S.),
ATI (U.S.), and 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) are among others.

Segmentation
For the convenience of the report and enhanced understanding; The Aerospace Additive Manufacturing Market is segmented in to 2 key dynamics
Segmentation by Technology: 3D Printing, Laser Sintering, Stereo Lithography, Fused Deposition Modeling, and Electron Beam Melting.
Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin)
, Europe, APAC and Middle East & Africa.

Competitive Analysis
Aerospace industry is one of the early adopter of AM technology. It is also one of the single largest major market segment, currently constituting 12% of the total AM market. The major turning point for the increased adoption of AM in the aerospace industry has been the increased penetration of improved metal-based AM system since 2011. These industrial grade AM systems provide a relatively better advantages in terms of build speed, cost and materials rationalization. Also, AM is regarded as the disruptive force that will lead the future of manufacturing, as it offers new ground for innovation, logistical advantages, and on-demand product manufacturing capability.

Also major aerospace companies such as Boeing, Airbus and GE are actively involved in AM. In 2012, GE bought AM Morris Technologies, one of the biggest metal AM companies in the world. The company has ramped up AM manufacturing for aero engine parts. Increasing sales of AM systems, materials, technological advances, and increased use of AM for various aerospace parts indicate a rapid growth in aerospace additive manufacturing market.
Metal Additive Manufacturing Gaining Prominence

Metal additive manufacturing is attracting the attention of various industry leaders owing to its capacity to produce various components with functional use. Government agencies are adopting the technology to reduce their dependence on raw material suppliers. For instance, the U.S. Airforce has commenced research into 3D printing for producing metal replacement parts for legacy aircraft. It has also invited suggestions from industry leaders such as the Northrop Grumman Corporation

Region Analysis

The US is the single largest market for AM industry worldwide. The US leads in production and sales of industrial grade AM machines. Major AM systems producers such as Stratasys and 3D Systems are also based in the US, which have pushed the innovation in AM technology and have helped to increase the adoption of AM.

US also has an advanced aerospace manufacturing base and spends a substantial amount on large R&D projects. However, the traditional manufacturing base are slowly shifting towards the APAC region, because of competitive and low-cost manufacturing capability in APAC. AM provides an important opportunity to the US to develop the high-tech manufacturing capability, and revive the competitiveness and market potential of the US manufacturing industry. Despite the current limitations of AM in terms of large scale production capability, AM provides unique opportunities to the aerospace sector, mainly to produce low-volume, and highly complex products.

Many companies have realized the superior benefits of AM in comparison to the conventional manufacturing, and have employed AM to achieve supply chain efficiencies, and reduced time-to-market. As a result, AM has received the much needed attention in policy as well as manufacturing circles in the US.

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