Additive Manufacturing Market 2018 Global Aerospace Industry Size, Share, Key Players, Trends, Competitive And Regional Forecast To 2023

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 necessity for production quality tooling for the aerospace industry is providing significant traction to the aerospace additive market. Market reports linked to the aerospace industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is poised to attain a CAGR of 20.24% while earning revenues worth USD 2,202.1 million by the end of the forecast period.

The developments in the market are paving the way for rapid market growth in the coming years. The global economy cues are also adding to the expansion of additive manufacturing in the aerospace sector. The complex and low-volume production in the aerospace industry is enabling the expansion of the market. The refinement in modern aircraft design is projected to motivate the market in the upcoming years.

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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),
• 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.

Industry Updates:

Aug 2018 Digital Alloys, Inc., a USA based supplier of metal Additive Manufacturing technology, has secured $12.9 million in Series B financing, with investors headed by G20 Ventures and with Boeing HorizonX Ventures, Lincoln Electric, and previous investor Khosla Ventures, which directed the company’s $5 million Series A financing. The company also revealed two US patents for its Joule Printing™ metal Additive Manufacturing technology, a process which utilizes wire feedstock and high deposition rates to manufacture metal parts additively.

Segmental Analysis

The Aerospace Additive Manufacturing Market is segmented on the basis of technology, application, platform, material type, and region. On the basis of platform, the market is segmented into unmanned aerial vehicle, aircraft, and spacecraft. By application, the aerospace additive manufacturing market is segmented into structural, engine, and others. On the basis of material type, the market is segmented into rubber, metal alloy, plastic, and others. By technology, the aerospace additive manufacturing market is segmented into electron beam melting, laser sintering, 3D printing, fused deposition modeling, and stereolithography. The regions that are a portion of the market are Latin America, North America, Middle East, North America, Asia Pacific, Africa, and Europe.

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 regional analysis of the market comprises of Latin America, North America, Middle East, North America, Asia Pacific, Africa, and Europe. The North American region controls the major share of the market and is anticipated to develop at a speedy pace along with the highest regional CAGR throughout the forecast period. The region also has an increased presence of multiple leading market players who are essential in the growth of the market and the associated technologies. The U.S directs the region's growth and has one of the peak productions and sales rate of industrial AM machinery. The companies in this region drive R&D initiatives that have been important in the expansion of innovative AM technology and have also amplified the adoption of AM.
The European region is responsible for the next largest market globally and is one of the foremost markets for AM technology. The EU & member governments are very supportive of the progress of the AM sector in the region, and substantial efforts have been made towards the same. Subsidies and research & development activities are likely to help the region attain an edge over other regions regarding the technology in the aerospace industry throughout the forecast period.

List of Tables

TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL AEROSPACE ADDITIVE MANUFACTURING MARKET, BY PLATFORM, 2017-2023 (USD MILLION)
TABLE 4 AIRCRAFT: AEROSPACE ADDITIVE MANUFACTURING MARKET, BY TYPE, 2017-2023 (USD MILLION)
TABLE 5 GLOBAL AEROSPACE ADDITIVE MANUFACTURING MARKET, BY APPLICATION, 2017-2023 (USD MILLION)

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List of Figures

FIGURE 1 GLOBAL AEROSPACE ADDITIVE MANUFACTURING MARKET: MARKET STRUCTURE
FIGURE 2 KEY TAKEAWAYS FROM AEROSPACE ADDITIVE MANUFACTURING MARKET
FIGURE 3 KEY BUYING CRITERIA OF AEROSPACE ADDITIVE MANUFACTURINGS
FIGURE 4 RESEARCH PROCESS OF MRFR
FIGURE 5 TOP DOWN & BOTTOM UP APPROACH
FIGURE 6 DROC ANALYSIS OF GLOBAL AEROSPACE ADDITIVE MANUFACTURING MARKET

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