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Aerospace 3D Printing Market Size, Share, Research [2019-2026] | Industry Revenue $6,745.5 Million Expected by 2026 at a CAGR of 22.17% in the Forecast Period, Report by Fortune Business Insights™
Aerospace 3D Printing Market
The report offers a comprehensive overview of the aerospace 3D printing industry. It also provides interesting insights into current industry developments namely regulatory scenario insignificant nations, company collaborations, and growth drivers and restraints. Additionally, the report also offers SWOT analysis, and price trend analysis, coupled with company profiles and competitive landscape. The report is available for sale on the Fortune Business Insights website.
According to the report, the market is expected to rise from USD 1,359.1 Million to USD 6,745.5 Million with a remarkable CAGR of 22.17% within the forecast period of 2018 to 2026. As per the current 3D printing aerospace market trends, the Direct Metal Laser Sintering (DMLS) segment will dominate the market, based on printer technology. This is owing to the fact that they are capable of crafting complex geometrical structures. In addition to that, they have other properties such as corrosion-resistant, good welding characteristics, lightweight metal components, and others that will help this segment generate high revenue in the coming years.
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The list of top players profiled in the aerospace 3D printing market are:
The Exone Company
Norsk Titanium
Materialise NV
EOS GmbH
Arcam AB
3D Systems Corporation
Ultimaker B.V.
Stratasys Ltd.
MTU Aero Engines AG
Höganäs AB
Envisiontec GmbH
Aerojet Rocketdyne
Increasing Demand for Lightweight Vehicle Parts to Promote Market Growth
The weight of the aircraft plays a pivotal role in the designing and development of an aircraft. Lightweight aerospace vehicles consume less fuel than their heavier counterparts. Aircraft that are technologically advanced are highly fuel-efficient because of the use of 3D printed lightweight advanced material namely parts, overall airframe, components, and others without having to compromise on the aerodynamics and strength of the aircraft. The rise in demand for lightweight vehicle parts from the aerospace industry is estimated to promote the growth of the market in the forecast duration.
In addition, the material made out of 3D printing technology is capable of operating even in extreme temperatures. This is another factor boosting the market for the 3D printer in the aerospace industry. Furthermore, there is a short supply chain of aerospace components and most of the aircraft manufacturers such as Airbus, and Boeing are likely to adopt 3D technology for achieving the rapid production process in their aircraft. This will further help to shorten the supply chain and reduce wastage, and thus prognosticated to accelerate the growth rate of the 3D printing aerospace market in the forecast duration.
However, the market may face rough waters due to restrictions imposed on industry norms and certifications, and limitations on the availability of raw materials for space 3D printing in the market.
Increasing Investment by US Government Officials for Launch of New Aircrafts to Help North America Continue Dominance
Geographically, the aerospace 3D printing market is estimated to witness the dominance of North America. In 2018, North America market generated a revenue of USD 652.3 Million. This is because of the presence of raw material suppliers, large-to-small sized aircraft OEMs, and tier players in the U.S., thus making it the largest manufacturing hub of the aerospace industry in the world. Besides this, the regional market is primarily focusing on upgrading their existing aircraft which are further expected to add a boost to the market. Additionally, the rise in investments by the US government and the launch of new aircraft with the latest technology installed in them will help the region continue its dominance in the coming years.
On the other side, the surge in the number of OEMs and increased demand for tiers, especially in India and China are expected to help Asia Pacific emerge as the fastest-growing region during the forecast period. In addition to that, the development of new products with 3D printed lightweight components is utilized in commercial aircraft. Furthermore, long-term relations with the government contractors and regional space exploration programs are other factors expected to drive the regional 3D printing aerospace market in the years to come.
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Major Table of Contents:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
Latest technological Advancements
Porters Five Forces Analysis
Value Chain Analysis
Global Aerospace 3D Printer Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Vertical
Printers
Materials
Market Analysis, Insights and Forecast – By Industry
UAVs
Aircraft
Spacecraft
Market Analysis, Insights and Forecast – By Application
Engine Component
Space Component
Structural Component
Market Analysis, Insights and Forecast – By Printer Technology
Direct metal laser sintering (DMLS)
Fused deposition modeling (FDM)
Continuous liquid interface production (CLIP)
Stereolithography (SLA)
Selective laser sintering (SLS)
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia pacific
Rest of the world
TOC Continued….!
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