Press release
Aerospace and Defense Additive Manufacturing Market Report 2025: Exponential Growth, Drivers and Key Trends
Aerospace and Defense Additive Manufacturing Market Size
What Is The Projected Market Size Of The Global Aerospace and Defense Additive Manufacturing Market Report 2025 And Its Growth Rate?
Get insight into the exponential growth of aerospace and defense additive manufacturing:
• From $4.32 billion in 2024 to $5.23 billion in 2025 at a CAGR of 21.0%
• Rapid growth expected over the next few years, reaching $10.08 billion in 2029 at a CAGR of 17.8%
Factors driving this growth include cost reduction, lightweight components, customization, supply chain optimization, and advanced materials.
What Is Driving The Growth In The Aerospace and Defense Additive Manufacturing Market?
Increasing government spending on the defense sector is driving the growth of the aerospace and defense additive manufacturing market. Increased expenditure in defense translates into more intensive research and development efforts for additive manufacturing, leading to advancements across materials, processes, and quality control. For instance, the Air Force's fiscal year 2024 budget request was roughly $215.1 billion, up $9.3 billion or 4.5% over the FY 2023 approved figure, indicating a positive growth environment for the sector.
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Who Are the Key Players Driving Aerospace and Defense Additive Manufacturing Market Growth?
The major companies in the market include:
• General Electric Company
• Raytheon Technologies Corporation
• The Boeing Company
• Lockheed Martin Corporation
• Airbus SE
• Northrop Grumman Corporation
• BAE Systems
• Safran SA
• Rolls-Royce Holdings
• Honeywell Aerospace
• Siemens Digital Industries Software
What Are The Key Trends In The Aerospace and Defense Additive Manufacturing Market?
Key trends within this industry include:
• Scaled production of critical parts
• Ongoing development of additive manufacturing materials
• Integration of automation and robotics
• Advancements in post-processing
• Integration of 3D printing with electronics
What Are The Segments Of The Global Aerospace and Defense Additive Manufacturing Market?
Segments of this market:
1) By Technology: Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM), Continuous Liquid Interface Production (CLIP), Stereolithography (SLA), Selective Laser Sintering (SLS), and Other Technologies
2) By Material: Metal, Plastic, Rubber, Other Materials
3) By Platform: Aviation, Defense, Space
4) By Application: Engine Component, Space Component, Structural Component, Defense Equipment, and Other Applications
Which Region Leads The Aerospace and Defense Additive Manufacturing Market?
North America was the largest region in the aerospace and defense additive manufacturing market in 2024. However, growth is also expected in other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Aerospace and Defense Additive Manufacturing Market Report?
• Market Size Analysis
• Market Segmentation Analysis
• Key Player Focus
• Growth Trends Analysis
• Market Contribution
• Growth Drivers
• Industry Challenges
• Competitive Developments
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