Global Aerospace and Defense Additive Manufacturing Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Aerospace and Defense Additive Manufacturing Market Size Forecast for 2025?
In the last few years, the dimensional expansion of the aerospace and defense additive manufacturing market has been outstanding. The forecast suggests that its growth is set to expand from $4.32 billion in 2024 to cross the mark of $5.19 billion in 2025, with a compound annual growth rate (CAGR) of 20.3%. The positive surge during the historical period was driven by factors like cost efficiency, the introduction of lightweight parts, customization, convoluted supply chains, and improvement in material quality.

What Is the Market Size Outlook for Aerospace and Defense Additive Manufacturing Until 2029?
In the forthcoming years, the market size for additive manufacturing in the aerospace and defense sector is predicted to experience substantial growth. The market is anticipated to expand to $9.87 billion by 2029, presenting a compound annual growth rate (CAGR) of 17.4%. This projected growth within the forecast period can be accredited to the enhanced utilization of AM technology, advancements in the field of material science, production of complex parts, integration with Industry 4.0, and digital twin implementation. The forecast period is likely to witness major trends such as the scaled production of critical parts, development of AM materials, incorporation of automation and robotics into AM, advancements in post-processing, and integration of 3D printing electronics.

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What Are the Major Factors Driving Demand in the Aerospace and Defense Additive Manufacturing Market?
The anticipated expansion of the aerospace and defense additive manufacturing market is forecasted to be driven by increased government expenditures on defense. The defense budget covers expenses for weaponry, systems of weaponry, operations, upkeep, staff, and various specialized military equipment. Additive manufacturing stands to gain from the expansion in defense expenditure through enhanced research and development activities. This could result in innovation in materials, methods, and quality control, potentially accelerating the uptake of additive manufacturing technologies. In turn, this could boost productivity, reinforce supply chain resilience, and foster greater innovation in the aerospace and defense sectors. For example, as reported by the United States Air Force (USAF) in March 2023, a request for the Air Force's Fiscal Year (FY) 2024 budget amounted to approximately $215.1 billion. This figure represents an increase of $9.3 billion or 4.5% from the approved FY 2023 budget. Consequently, the increase in governmental defense spending bolsters the aerospace and defense additive manufacturing market.

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How Are End-Use Segments Shaping the Aerospace and Defense Additive Manufacturing Market Outlook?
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

What Are the Strategic Trends Transforming the Aerospace and Defense Additive Manufacturing Market Landscape?
In the aerospace and defense additive manufacturing market, technological innovation is becoming an increasingly prevalent trend. To consolidate their dominance in the aerobridge market, leading firms are keen on producing new and innovative products. Aerojet Rocketdyne Holdings Inc., a company specializing in aerospace and defense products and systems based in the US, and The National Aeronautics and Space Administration (NASA), a US government agency, reported in June 2023 that they had accomplished a series of certification tests for the new RS-25 production engines planned to propel NASA's Space Launch System (SLS) for the upcoming Artemis missions, including Artemis V. Comprised of 12 hot-fire tests, this certification process evaluated the engines' dependability and efficiency, confirming their compliance with the necessary standards for future space exploration endeavors. The newly produced engines are set to be delivered to NASA in 2024, making their first appearance on the Artemis V mission.

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Who Are the Prominent Companies in the Aerospace and Defense Additive Manufacturing Market by ?
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.

Which Region Is Expected to See the Highest CAGR in 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.

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