Additive Manufacturing Industry in Aerospace Market Analysis by Leading Key Players: Optomec, Proto Labs, Concept laser, Carpenter Technology,ATI, Stratasys, ExOne and 3D Systems

Market Highlights:

The aerospace additive manufacturing market is completely dependent on the manufacturing technology in aircraft industry. Thus, the increasing or decreasing demand of the latest manufacturing technology directly has an impact on the market. Moreover, factor responsible for the growth of aerospace additive manufacturing market are weight reduction, low fuel consumption, ease of manufacturing for complex parts, on-demand manufacturing and freedom in design. This is the primary factor that drives the growth of the aerospace additive manufacturing market and has gained prevalence in the recent times, with usage of best in class technologies in aircraft. Thus, the growth of the aerospace additive manufacturing market is expected to go hand in hand with the growth of investment in aircraft industry.

The expansion of the aircraft fleets, which has resulted in the development of a set of aerospace additive manufacturing market. The increased focus of manufacturers on aerospace additive manufacturing will lead to an increase in the use of aircraft component, due to which there will be growth in aerospace additive manufacturing market. The expansion of the existing aircraft fleets along with the launch of new airlines would result in increased aerospace additive manufacturing the forthcoming years. Hence, it is expected that the rapid fleet expansion would eventually drive the aerospace additive manufacturing market. Moreover, growth in aerospace additive manufacturing in aircraft industries will drive the growth of aerospace additive manufacturing market.

Aerospace additive manufacturing is gaining acceptance as latest manufacturing technology in the aircraft industry. This enables faster response to adaptation to the dynamic technological advances in the industry. Such cut-throat competition in the military systems requires massive investments at a regular basis, thus the high capital investment in the aerospace additive manufacturing market is expected to act as a hurdle in the growth of the market.

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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.), 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.

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

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.

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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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