Press release
Aerospace and Defense Additive Manufacturing Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Aerospace and Defense Additive Manufacturing Market Size
The aerospace and defense additive manufacturing market is anticipated to thrivewith the increasing government spending in the defense sector. Defense expenditure encompasses costs related to weapons, weapons systems, operations, personnel, maintenance, and specific military equipment. Increased expenditure in this sector can boost research and development in additive manufacturing, which could lead to advancements in materials, processes, and quality control. Such progress could accelerate the adoption of additive manufacturing technologies, thereby enhancing productivity, supply chain resilience, and innovation in the aerospace and defense sectors. To illustrate, the United States Air Force (USAF) revealed in March 2023 that the Air Force's fiscal year (FY) 2024 budget request was approximately $215.1 billion. This was a $9.3 billion or 4.5% increase compared to the FY 2023 approved allocation. Hence, the rise in government spending in the defense arena propels the growth of the aerospace and defense additive manufacturing market.
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What Is the projected market size and growth rate for the aerospace and defense additive manufacturing market?
In the past few years, the market size for additive manufacturing in the aerospace and defense industry has seen extraordinary growth. Forecasts predict an increase from $4.32 billion in 2024 to $5.23 billion in 2025, thus indicating a compound annual growth rate (CAGR) of 21.0%. Factors such as cost cutting, the production of lighter components, customization and complexity, improvements to the supply chain, and material advancements have contributed to the growth observed in the historical period.
In the coming years, the market size of aerospace and defense additive manufacturing is anticipated to experience notable expansion. The market is projected to reach $10.08 billion in size by 2029, increasing at a compound annual growth rate (CAGR) of 17.8%. This exponential growth during the predicted period can be credited to the escalated usage of additive manufacturing technology, enhancements in the field of material science, production of intricate parts, incorporation of industry 4.0, and implementation of digital twins. The upcoming period is expected to see key trends such as increased production of vital components, development of additive manufacturing materials, incorporation of automation and robotics, advancements in post-production processing, and integration of 3D printed electronics.
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What new trends are reshaping the aerospace and defense additive manufacturing market and its opportunities?
The aerospace and defense additive manufacturing market is witnessing an upward trend owing to technological breakthroughs. Major companies in the aerobridge market are concentrating on the creation of innovative product solutions to consolidate their market position. For example, in June 2023, Aerojet Rocketdyne Holdings Inc., a US company specializing in aerospace and defense products and systems, along with NASA, a US governmental agency, publicized the successful accomplishment of a series of certification tests for the newly produced RS-25 engines. These engines, intended to power NASA's SLS for future Artemis missions including Artemis V were thoroughly tested with 12 hot-fire exams, establishing their reliability and ability to meet the standards required for upcoming space exploration endeavors. The manufactured engines have a delivery plan to NASA by 2024, and their first appearance will be on Artemis V mission.
What major market segments define the scope and growth of the aerospace and defense additive manufacturing market?
The aerospace and defense additive manufacturing market covered in this report is segmented -
1) By Technology: Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM), Continuous Liquid Interface Production (CLIP), Stereolithography (SLA), Selective Laser Sintering (SLS), 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, Other Application
Subsegments:
1) By Direct Metal Laser Sintering (DMLS): Titanium Alloys, Aluminum Alloys, Stainless Steel
2) By Fused Deposition Modeling (FDM): Thermoplastic Materials, Composite Filaments
3) By Continuous Liquid Interface Production (CLIP): Resin-Based Materials, Elastomers
4) By Stereolithography (SLA): Standard Resins, Engineering Resins, Bio-Compatible Resins
5) By Selective Laser Sintering (SLS): Nylon Powder, Metal Powders, Composite Powders
6) By Other Technologies: Electron Beam Melting (EBM), Laminated Object Manufacturing (LOM), Binder Jetting
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Which region dominates the aerospace and defense additive manufacturing market?
North America was the largest region in the aerospace and defense additive manufacturing market in 2024. The regions covered in the aerospace and defense additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the aerospace and defense additive manufacturing industry growth?
Major companies operating in the aerospace and defense additive manufacturing 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, OC Oerlikon Corporation AG, Moog Inc., Aerojet Rocketdyne Holdings Inc., Carpenter Technology Corporation, Renishaw plc, GKN Aerospace, Stratasys Ltd., EOS GmbH, 3D Systems Corporation, Proto Labs Inc., Materialise NV, Desktop Metal Inc., SLM Solutions Group AG, Optomec Inc., Sintavia, Additive Industries, Optisys LLC, CRP Technology SRL, BeAM Machines Inc.
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What Is Covered In The Aerospace and Defense Additive Manufacturing Global Market Report?
• Market Size Forecast: Examine the aerospace and defense additive manufacturing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aerospace and defense additive manufacturing market for a structured understanding.
• Key Players Overview: Analyze major players in the aerospace and defense additive manufacturing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aerospace and defense additive manufacturing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aerospace and defense additive manufacturing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aerospace and defense additive manufacturing market.
• Industry Challenges: Identify potential risks and obstacles affecting the aerospace and defense additive manufacturing market.
• Competitive Landscape: Review strategic developments in the aerospace and defense additive manufacturing market, including expansions, agreements, and new product launches.
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