Aerospace Additive Manufacturing Market 2018 Global Analysis by Leading Manufacturers: GE Additive, 3D System, ExOne, Arcam AB, ATI, CRS Holdings Inc., Concept Laser, CRP Technology S.R.L, SLM Solutions, and Optomec

Global Aerospace Additive Manufacturing Market by Platform (Aircraft, UAV, Spacecraft), Application (Engine, Structural, Others), Material Type (Metal Alloy, Plastic, Others), Technology (3D Printing, Laser Sintering, Others) and Region Forecast to 2023

Market Snapshot

In 2017, the global aerospace additive manufacturing market was valued at USD 733.1 Mn and is anticipated to display a CAGR of 20.24% during the forecast period of 2018 to 2023. This projects substantial, and rapid growth over the assessment period and the market is expected to reach an estimated value of USD 2,202.1 Mn by the end of 2023.

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/1551

Players Covered

Stratasys, EOS, GE Additive, 3D System, ExOne, Arcam AB, ATI, CRS Holdings Inc., Concept Laser, CRP Technology S.R.L, SLM Solutions, and Optomec.

The report provides insights on the leading market players and evaluates their current market share. Company information, covering annual revenue, segmental share, geographical presence, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.

Segmentation:

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.

Regional Analysis

North America accounts for the largest share of the global market and is projected to grow at a rapid pace to experience the highest regional CAGR during the assessment period. The region has a strong presence of multiple leading market players who are pivotal in the development of the market and the associated technologies. The U.S leads the region's growth and has one of the highest production and sales of industrial AM machinery. The players in this region drive R&D activities which have been vital in the development of innovative AM technology and have increased the adoption of AM.

Europe accounts for the second largest market across the globe and is one of the leading markets for AM technology. The EU & member governments are highly supportive of the development of the AM sector in the region, and considerable efforts have been made towards the same. Subsidies and research & development activities are expected to help the region gain an edge over other regions in terms of technology in the aerospace industry during the assessment period.

Get Complete Report @ https://www.marketresearchfuture.com/reports/aerospace-additive-manufacturing-market-1551

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.