Additive Manufacturing Industry in Aerospace was valued at USD 733.1 Mn and expected to reach an estimated value of USD 2,202.1 Mn by the end of 2023.

Additive Manufacturing Market 2018 Research Report – Global Industry Forecast to 2023, is latest research report on Global Additive Manufacturing industry published by Market Research Future. Report provides comprehensive information on Global Additive Manufacturing Market forecast, historic data, with business development strategies, upcoming opportunities, and regional outlook.

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

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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.

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.

Market Snapshot

The technological affinity of additive manufacturing (AM) has grown beyond all expectations, successfully capturing an important position in one of the largest manufacturing domain – aerospace. AM has gained considerable traction in the aerospace sector and is likely to find more application opportunities in the future. The global market for aerospace additive manufacturing is expected to soar at a compound annual growth rate of 20.24% between 2018 and 2023. The aerospace sector continues to seek manufacturing solutions that can address the issues arising from a combination of factors, which include new environmental polies, increased air travel and focus towards improving modern aircraft structures. Aircraft manufacturers are striving to develop lighter aircraft components without compromising on durability, which remains a critical aspect. This is where AM becomes an important asset as it facilitates manufacturing of complex aerospace parts that were previously difficult to conceptualize. The aerospace sector shows massive interest in additive manufacturing and aims to leverage the technology to create value across all its sub-sectors.

Intended Audience
• Service Providers
• Policy Maker
• Manufacturers
• Components Manufacturers

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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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