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Aerospace 3D Printing Market - Significance, Market Overview, and Worldwide Market Outlook

03-15-2018 11:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
3D printing of parts is a new technology that has come up with the potential to transform the way enterprises build new products, including parts for defense and aerospace. This new manufacturing process is known as 3D printing or additive manufacturing. This technology involves manufacturing physical objects by printing one layer at a time, using special material deposition devices and digital models.

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This generation’s 3D printing equipment has evolved in a short span of time and is capable of producing complex components among different types of materials which includes titanium, steel, aluminum, and different variety of plastics. Thus because of its potential, 3D printing is gaining importance in various manufacturing and fabricating sectors.

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The aerospace sector recognizes the unique competence of 3D printing and is pursuing ways to exploit these competences. For example, Boeing is utilizing 3D printing to manufacture plastic interior parts out of nylon and polyetherimide for their test evaluation and prototype units. Boeing is utilizing 3D printing technology to swiftly manufacture tools for making composite parts.

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The major drivers driving the aerospace 3D printing market are factors such as efficient use of raw materials, accuracy, customizable product creation and reduction of errors while manufacturing of parts. The above mentioned factors are going to push the 3D printing market towards its growth during the forecasted period from 2016 – 2024.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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