Aerospace Additive Manufacturing Market 2018 Global Key Players: Stratasys, EOS, GE Additive, 3D System, ExOne, Arcam AB, ATI, CRS Holdings Inc., Concept Laser, CRP Technology S.R.L, SLM Solutions, and Optomec

Report Overview

This MRFR report provides five-year market forecast (2018-2023) for aerospace additive manufacturing. The report also highlights the current market status, industry trends and recent developments in the market. Key macro and micro-economic aspects that are likely to influence the market prospects are also analyzed in the report. The scope of the research also covers different platforms such as aircraft, unmanned aerial vehicle and spacecraft. A revenue analysis on the current application areas (engine, structural and other components) is also available in the report. For market sizing, all the key material types used in aerospace additive manufacturing that are currently used such as metal alloy, plastic, and rubber were profiled. The major aerospace additive manufacturing technologies discussed in the report, which include 3D Printing, laser sintering, direct metal, selective, stereolithography, fused deposition modelling electron beam melting. This report cover the aerospace additive manufacturing market across Europe, North America, Asia Pacific, Latin America and the Middle East & Africa (MEA).

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Global Aerospace Additive Manufacturing Market: Competitive Landscape

Stratasys Ltd, EOS, Arcam AB and 3D Systems collectively accounted for more than 49% of the market share of the global aerospace additive manufacturing market in 2017. These companies continue to retain their strong global presence through expansion, merger & acquisition, and extensive product portfolio.

In 2017, Stratasys Ltd was the leading player in the market. The company has only one reportable segment that generates revenue selling 3D printing systems and related consumables and by providing support services. Its product portfolio consists of four series of AM systems and consumables including the MakerBot desktop series, the idea series, the design series, and the production series. The company's products and services are used in many applications by different customers and industries, worldwide, including the aerospace, automotive, dental, and jewelry industries. It operates its sales and service offices in different locations including North America, China, Germany, Italy, Brazil, India, Japan, and Hong Kong.

The global aerospace additive manufacturing market is segmented on the basis of platform, application, material type, technology, and region. By platform, the market is segmented into aircraft, unmanned aerial vehicle, and spacecraft. The aircraft segment has the largest share and is expected to maintain its leading position due to the high demand for passenger aircraft combined with the high demand for AM processes in light of their cost-efficiency and ability to manufacture multiple complex designs with ease. Meanwhile, the unmanned aerial vehicle segment is set to grow at the highest CAGR during the review period due to the demand for such vehicles as they begin to exit the development stage.

By application, the market is segmented into engine, structural and others. The engine segment accounts for the largest share of the total market and is expected to be the fastest growing segment with the highest CAGR during the forecast period. AM processes for making engines has proven to be a valuable investment as it has significantly assisted in reducing engine weight, and replication of complex designs which are highly cost-efficient.

By material type, the market is segmented into metal alloy, plastic, rubber, and others. The metal alloy segment presently accounts for the largest segment and is expected to be the fastest growing segment during the assessment period. Metal alloys are available in various forms and have extensive application in the aerospace industry for the manufacture of rocket & propulsion hardware, engine injector, and fuel nozzles among others.

By technology, the market is segmented into 3D printing, laser sintering, fused deposition modeling, electron beam melting, and stereolithography. The 3D printing segment dominates the market and has the highest CAGR during the forecast period. It is the ideal technology for the manufacturing of lightweight components without any wastage of materials and has extensive applications in aerospace AM.

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