Aerospace Additive Manufacturing Market to Surpass $13.21 Billion by 2029 | Key Trends & Insights

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How Will the Aerospace Additive Manufacturing Market Grow by 2025 in Terms of Size and Growth?
The market size for additive manufacturing in the aerospace sector has experienced significant growth in the past few years. The market is projected to expand from $5.26 billion in 2024 to $6.21 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 18.0%. Factors driving this historic growth include weight and fuel efficiency improvements, the flexibility to accommodate complex shapes and designs, cost efficiencies, advancements in materials, and speedy prototyping and iterative design.

What Are the Estimated Growth Rates for the Aerospace Additive Manufacturing Industry Through 2029?
In the coming few years, the market size of aerospace additive manufacturing is forecasted to experience a substantial surge, reaching $13.21 billion in 2029 with a compound annual growth rate (CAGR) of 20.8%. The predicted growth during this period can be credited to factors like broader acceptance in commercial aviation, progress in print speed and scale, strengthening of supply chain capacity and localized manufacturing, developments in materials and composites, and adoption of sustainable manufacturing practices. The key trends being noticed for this period encompass materials-based innovation, growing production via large-scale additive manufacturing, enhanced design abilities with generative design, increased supply chain resilience through on-demand manufacturing, and advancements in quality assurance and certification processes.

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What Are the Strategic Drivers Boosting Aerospace Additive Manufacturing Market Performance?
The escalation in the number of air passengers is predicted to boost the aerospace additive manufacturing market's expansion in future. The rise in air passenger traffic, attributed to various factors like work, business, and tourism, is encouraging airline companies to schedule more domestic and international flights. This is subsequently escalating aircraft production, thereby increasing the implementation of aerospace additive manufacturing. For instance, the International Air Transport Association (IATA), a Canada-based group of worldwide airlines, reported in February 2023 that total passenger traffic had increased by 64.4% in 2022 compared to 2021. Moreover, air traffic in December 2022 alone rose by 39.7% compared to December 2021. Consequently, the uptick in passengers is propelling the aerospace additive manufacturing market forward.

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What Are the 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

What Are the Key Adoption Trends in the Aerospace Additive Manufacturing Market?
In the field of aerospace additive manufacturing, key industry players are delivering innovation through products like 3D printers and additive manufacturing techniques. Unlike the conventional manufacturing approach where material is subtracted from a solid mass, additive manufacturing involves the addition of material layers, largely using 3D printing. These 3D printers can convert digital designs into three-dimensional objects by harnessing additive manufacturing technology. Collins Aerospace, an American heavyweight in the aerospace and defense sector, inaugurated an additive manufacturing center in June 2022, thereby boosting its ability to produce aircraft parts and components. This expansion aims to minimize the weight, cost, and time-to-market of aircraft parts while offering more environmentally friendly options to their clients. It also props up the development of future generation aircraft through improved designs.

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Which Companies Lead the Competitive Landscape of the Aerospace Additive Manufacturing Industry?
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

Where Are the Key Aerospace Additive Manufacturing Market Opportunities by Region?
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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