Skyrocketing Air Passenger Traffic Propels Growth In Aerospace Additive Manufacturing Market: Strategic Insights Driving Aerospace Additive Manufacturing Market Momentum in 2025

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How Large Will the Aerospace Additive Manufacturing Market Size By 2025?
Recent years have witnessed a swift expansion in the size of the aerospace additive manufacturing market. The market, sized at $5.26 billion in 2024, is projected to escalate to $6.24 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.6%. This growth during the historical period can be ascribed to factors such as reduction in weight and enhancement in fuel efficiency, advanced geometries and design elasticity, significant cost reduction and efficiency improvements, material advancements, and rapid prototyping alongside iterative design.

How Big Is the Aerospace Additive Manufacturing Market Size Expected to Grow by 2029?
In the forthcoming years, the aerospace additive manufacturing market is predicted to witness substantial growth, reaching $13.4 billion by 2029 with a CAGR of 21.0%. This growth during the projected timeline could be attributed to the escalating application in commercial aviation, advancements in print speed and scale, resilience of the supply chain, localized manufacturing, the arrival of new materials and composites, and the implementation of sustainable manufacturing methodologies. The key trends to look out for during this forecast period encompass innovation in materials, expansion of production with large-scale additive manufacturing, improved design prowess with generative design, supply chain fortitude via on-demand manufacturing, along with advancements in quality assurance and certification.

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Which Key Market Drivers Powering Aerospace Additive Manufacturing Market Expansion and Growth?
The growth of the aerospace additive manufacturing market is projected to be driven by the anticipated increase in air passenger traffic. Air passenger traffic, which refers to a rise in the number of passengers for reasons such as business, work, or tourism, is compelling aircraft companies to schedule additional domestic and international flights. This trend leads to a swell in aircraft production, which subsequently accelerates the usage of aerospace additive manufacturing. For example, the International Air Transport Association (IATA), a group of world airlines based in Canada, reported that total passenger traffic in February 2023 climbed by 64.4% in 2022 compared to 2021. December 2022 also saw a 39.7% increase in air traffic compared to December 2021. Hence, passenger growth is stimulating the advancement of the aerospace additive manufacturing market.

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Which Fast-Growing Trends Are Poised to Disrupt the Aerospace Additive Manufacturing Market?
Leading firms in the aerospace additive manufacturing market, such as Collins Aerospace, are making strides in bringing innovative products like 3D printers and additive manufacturing technologies to the fore. Unlike conventional manufacturing methods that subtract materials, additive manufacturing creates components by stacking materials layer upon layer - a methodology often employed in 3D printing. These 3D printers, powered by additive manufacturing tech, can generate three-dimensional objects from digital blueprints. Collins Aerospace, an American titan in the aerospace and defense sector, unveiled its latest additive manufacturing hub in June 2022, thus boosting capacity for the production of complex aircraft components. This move aligns with the company's objectives to diminish weight and cost, and expedite the delivery of aircraft components while proffering environmentally-friendly options to clients. This venture also undergirds the design optimization of forthcoming aircraft models.

What Are the Emerging Segments in the Aerospace Additive Manufacturing Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Aerospace Additive Manufacturing Industry?
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

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