Aerospace Additive Manufacturing Market 2018 Size, Industry Segments and Analysis by Stratasys, EOS, GE Additive, 3D System, ExOne, Arcam AB, ATI, CRS Holdings Inc., Concept Laser, CRP Technology

Market Research Future Published a Cooked Research “Global Aerospace Additive Manufacturing Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.

The leading market players in the global Aerospace Additive Manufacturing market primarily include 3D Systems, Arcam, EOS, ExOne, Stratasys, ATI, Carpenter Technology, Concept laser, CRP Technology, Optomec, Proto Labs, Renishaw, SLM Solutions, and Voxeljet.

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

Market Overview

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.

Weight reduction is a key necessity in modern aircraft design as it helps to reduce fuel consumption and CO2 emissions. AM can create parts that are lightweight while also reducing the consumption of materials used, in comparison to the conventional manufacturing techniques. AM provides with the possibility to manufacture on-site, as and when required. 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).

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.

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.