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Top Factor Driving Aerospace Additive Manufacturing Market Growth in 2025: Skyrocketing Air Passenger Traffic Propels Growth In Aerospace Additive Manufacturing Market
Aerospace Additive Manufacturing Market
The anticipated increase in air passenger traffic is predicted to fuel the evolution of the aerospace additive manufacturing market. The rise in passenger numbers can be attributed to various reasons including business, work or tourism-related travel. This upsurge is causing aircraft companies to schedule more local and global flights which directly leads to a boom in aircraft production. This, therefore, enhances the use of aerospace additive manufacturing. For example, in February 2023, the Canada-based International Air Transport Association (IATA), a collective of global airlines, reported that there was a 64.4% rise in total passenger traffic in 2022 compared to 2021. December 2022 alone saw air traffic grow by 39.7% compared to the same period in the previous year. As a result, the aerospace additive manufacturing market is expected to further thrive, fueled by the boost in passenger numbers.
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What growth opportunities are expected to drive the aerospace additive manufacturing market's CAGR through 2034?
The market for additive manufacturing in aerospace has seen accelerated growth in recent years. It is projected to increase from a value of $5.26 billion in 2024 to $6.24 billion in 2025, representing a compound annual growth rate (CAGR) of 18.6%. Key drivers for growth during the historical period were identified as reductions in weight and enhancements to fuel efficiency, flexibility in complex geometry and design, improvements in cost and efficiency, advancements in materials, and quick prototyping and iterative design.
The market for additive manufacturing in the aerospace sector is projected to experience significant expansion in the coming years. With an anticipated increase to $13.4 billion in 2029, with a compound annual growth rate (CAGR) of 21.0%, the expansion within the forecast period is due to factors such as wide-spread use in commercial aviation, advancements in printing speed and scale, resilience in the supply chain, localized production, along with emerging new materials and composites, adapted to sustainable manufacturing practices. The period will also witness trends such as innovation in materials, enhancement of productivity through large-scale additive manufacturing of designs, strengthening of the supply chain through manufacturing on demand, and advances in quality assurance and certifications.
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What are the emerging trends shaping the future of the aerospace additive manufacturing market?
Leading businesses in the aerospace additive manufacturing sector are concentrating on innovative products like 3D printers and additive manufacturing methods. This manufacturing approach involves building components by sequentially adding material layers, which is typically done through 3D printing, a stark contrast to traditional manufacturing that involves carving out from a solid block. 3D printers are devices that employ this additive manufacturing technology to construct three-dimensional objects from digital blueprints. In June 2022, Collins Aerospace, a prominent American player in the aerospace and defense sector, initiated a new additive manufacturing center, thereby boosting its aircraft parts and components production capabilities. The key objective of this expansion is to curtail weight, cost, and time-to-market for aircraft components, whilst proposing more eco-friendly solutions to customers. Furthermore, this initiative bolsters the forthcoming generation of aircraft with enhanced designs.
Which growth-oriented segments of the aerospace additive manufacturing market are leading the industry's development?
The aerospace additive manufacturing market covered in this report is segmented -
1) By Material Type: Metal Alloy, Plastic, Rubber, Other Materials
2) By Technology: Laser Sintering, 3D Printing, Electron Beam Melting, Fused Deposition Modeling, Stereo Lithography, Other Technologies
3) By Platform: Aircraft, Unmanned Aerial Vehicle, Spacecraft
4) By Application: Engine, Structural, Other Applications
Subsegments:
1) By Metal Alloy: Titanium Alloys, Aluminum Alloys, Nickel Alloys, Steel Alloys
2) By Plastic: Thermoplastics, Thermosetting Plastics, Polymer Composites
3) By Rubber: Natural Rubber, Synthetic Rubber, Rubber Compounds
4) By Other Materials: Ceramics, Composites, Bio-materials
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What regions are leading the charge in the aerospace additive manufacturing market?
North America was the largest region in the aerospace additive manufacturing market in 2024. The regions covered in the aerospace additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the aerospace additive manufacturing market?
Major companies operating in the aerospace additive manufacturing market include 3D Systems Corporation, Arcam AB, Concept Laser GmbH, CRP Technology Srl, EOS GmbH Electro Optical Systems, ExOne Company, Optomec Inc., SLM Solutions Group AG, Stratasys Ltd., CRS Holdings Inc., General Electric Company, 3DCeram S.A.S., Carpenter Technology Corporation, Arconic Corporation, Markforged, Airbus SE, Boeing Company, Bombardier Inc., Embraer S.A., Rolls-Royce Holdings plc, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Safran S.A., BAE Systems plc, Cobham plc, General Dynamics Corporation, Harris Corporation, Kaman Corporation, Moog Inc., Parker Hannifin Corporation, United Technologies Corporation, Aerojet Rocketdyne Holdings Inc., AeroVironment Inc., Aurora Flight Sciences Corporation, Blue Origin LLC, RTX Corporation
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What Is Covered In The Aerospace Additive Manufacturing Global Market Report?
• Market Size Forecast: Examine the aerospace additive manufacturing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aerospace additive manufacturing market for a structured understanding.
• Key Players Overview: Analyze major players in the aerospace additive manufacturing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aerospace additive manufacturing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aerospace additive manufacturing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aerospace additive manufacturing market.
• Industry Challenges: Identify potential risks and obstacles affecting the aerospace additive manufacturing market.
• Competitive Landscape: Review strategic developments in the aerospace additive manufacturing market, including expansions, agreements, and new product launches.
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