Press release
Aeroengine Composites Market: Rise in demand for lightweight aircraft fuels growth to $4.85 billion by 2029 at a 12.9% CAGR
Aeroengine Composites Market
A consistent rise in demand for customized components and green aviation are notable factors propelling the growth of the aerospace 3D printing market.
What Is The Projected Market Size Of The Global Aerospace 3D Printing Market And Its Growth Rate?
The aerospace 3D printing market size has seen significant development and is set to expand furthermore:
• In 2024, the market was worth $3.15 billion
• By 2025, the market is predicted to value $4.15 billion growing at a compound annual growth rate (CAGR) of 31.6%
• In the next few years, the size of the market is expected to reach $11.72 billion by 202
• The forecast period shows a CAGR of 29.6%
Moreover, key factors contributing to the market growth include environmental concerns, demand for customized aerospace components, rise in aerospace industry, regulatory support, and investment and funding.
What Is Driving The Growth In The Aerospace 3D Printing Market?
The demand for lightweight components from the aerospace industry is the main driving force behind the growth of the aerospace 3D printing market. The industry widely utilizes the lightweight design concept, which is particularly related to the green aviation theory. 3D printing facilitates the creation and deployment of various lightweight prototypes, enabling designers to improve the form and fit of finished parts within the aerospace industry. For instance, a 20% weight reduction in a Boeing 787 is expected to generate a 10 to 12% improvement in fuel efficiency. In addition to a decrease in the carbon footprint, lightweight parts improve operational efficiency such as better acceleration, higher structural strength, and improved protection performance.
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Who Are the Key Players Driving Aerospace 3D Printing Market Growth?
Leading companies operating in the aerospace 3D printing market include:
• Norsk Titanium AS
• Materialise NV
• EOS GmbH Electro Optical Systems
• Arcam AB
• 3D Systems Corporation
• Ultimaker B.V.
• Stratasys Ltd.
• General Electric Company
• Airbus SE
• Safran SA
• Raytheon Technologies Corporation
• The ExOne Company
• MTU Aero Engines AG
• Höganäs AB
• Oerlikon Group AG
• Renishaw plc
• TRUMPF GmbH + Co. KG
• Made In Space Inc.
• Markforged Inc.
• Liebherr-International AG
• EnvisionTEC GmbH
• Optomec Inc.
• XYZprinting Inc.
• SLM Solutions Group AG
• Concept Laser GmbH
• Sciaky Inc.
• Additive Industries B.V.
• Carpenter Technology Corporation
• GKN plc
• Aerojet Rocketdyne Holdings Inc.
What Are The Key Trends In The Aerospace 3D Printing Market?
Key trends shaping the aerospace 3D printing market include:
• Metal additive manufacturing
• Advanced composite printing
• In-flight 3D printing
• Integration of AI and machine learning
• Sustainability and eco-friendly materials
What Are The Segments Of The Global Aerospace 3D Printing Market?
The aerospace 3D printing market is segmented by material type, industry type, printer technology type, process type, and application:
1) By Material Type: Metals, Plastics, Ceramics
2) By Industry Type: Aircraft, Spacecraft, Unmanned Aerial Vehicles
3) By Printer Technology Type: Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM), Continuous Liquid Interface Production (CLIP), Stereolithography (SLA), Selective Laser Sintering (SLS)
4) By Process Type: Material Extrusion, Powder Bed Fusion, Direct Energy Deposition, Material Jetting, Binder Jetting, Sheet Lamination, Vat Photo-Polymerization
5) By Application: Structural Components, Engine Components, Space Components
Which Region Leads The Aerospace 3D Printing Market?
North America was the largest region in the aerospace 3D printing market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the 3D printing market share during the forecast period. Other regions covered in the aerospace 3D printing market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Aerospace 3D Printing Market Global Market Report?
- Market Size Analysis: Analyze the Aerospace 3D Printing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace 3D Printing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace 3D Printing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace 3D Printing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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