Shaping the Future of Flight : The Soaring Potential of the Aerospace 3D Printing Market Forecast, 2021-2030

Allied Market Research published a report, titled, "Aerospace 3D Printing Market by Printing Technology (Selective Laser Sintering (SLS), Selective Laser Melting (SLM), Binder Jetting, Fused Deposition Modeling (FDM), Stereolithography (SLA), and Others), Platform (Aircraft, Unmanned Aerial Vehicle (UAV), and Spacecraft), Application (Production and Pre-production & Post-production), Delivery (Product and Service) and Offering (Hardware (Printer and Material (Metal & Ceramics (Titanium, Aluminum, Steel, and Others), Thermoplastics (Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Nylon/Polyamide, Fiber, and Others))), and Software): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global aerospace 3D printing industry was estimated at $1.38 billion in 2020, and is anticipated to hit $6.80 billion by 2030, registering a CAGR of 18.4% from 2021 to 2030.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/16181

The growth of the global aerospace 3D printing market size is driven by factors such as an increase in demand for lightweight & durable components in the aerospace industry, simplification of complex designs, ease of prototyping, and rapid customization among others. However, high initial investment and unstable regulatory framework are key factors limiting the business opportunities. These challenges are expected to dilute by 2025. Thus, industry stakeholders are engaged in developing new operational strategies to counter costing challenges. Cloud production and shared production space are expected to emerge as an additive manufacturing trend within the forecast timeframe. The design methodologies of engineers are expected to shift from Design from Additive Manufacturing (DFAM) to embracing design freedom and producing highly complex single-piece components, supporting the business trend.

The additive manufacturing technology has gained high traction to initiate a revolution in the aviation industry. The major aviation and aerospace companies such as Boeing and Lockheed Martin have invested heavily through early-stage ventures for leveraging the benefits of additive manufacturing hardware, software, and materials. Large-scale additive manufacturing machines capable of printing mission-critical metal components through part consolidation of new-generation aircraft will offer remunerative opportunities for the market growth.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/aerospace-3d-printing-market/purchase-options

The software segment is expected to have a notable market share overcoming yours through recognition of new revenue streams. Predictive modeling, which can be leveraged through comprehensive software platforms enables OEM to ensure first-time quality and scale, eliminating manufacturing errors and last-minute design changes. The recognition of this methodology has led to the establishment of several software-based companies for additive manufacturing processes.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By printing technology, the binder jetting segment is expected to lead the market during the forecast period.

On the basis of platform, the UAV segment is likely to dominate the market.

Depending on application, the product segment is expected to grow at a lucrative growth rate from 2021 to 2030).

As per delivery type, the service segment is expected to exhibit the highest growth.

By offering, the material segment is likely to dominate during the forecast period.

Asia-Pacific is anticipated to exhibit the highest CAGR in the coming future.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/16181

The key players operating in this market are Markforged, Liebherr, Stratasys Ltd., Materialise NV, EOS GmbH, 3D Systems Corporation, Honeywell. General Electric, Exone, Norsk Titanium, Renishaw PLC, TrumpF, SLM Solutions, Envisiontec, Inc., Prodways, and Hoganas AB

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