Aerospace 3D Printing Market 2019 Global Trends and Analysis Forecast to 2025
Global Aerospace 3D Printing
Market is valued at USD 889.8 Million
in 2018 and expected to reach USD 4889.5 Million by 2025 with the CAGR of 27.56
% over the forecast period.
3D
Printing can be defined as a digital model to the successive addition of thin
layers to create a physical three dimensional object. Since 1989, some
aerospace companies began using 3D printing technology and continue over the
next couple of decades. 3D printing objects are created by placing successive
layers of material until the object is produced. In aerospace sector, the
engine, turbine parts and cabin interior components are typical applications
for 3D printing technology. 3D printing technology allows aerospace
manufacturers to grow their businesses profitably. Additionally, this
technology has a massive positive impact on aerospace industry, where highly
complex components are one of the important considerations in the process of
manufacturing. Furthermore, with the use of 3D printing technology aerospace
designers and manufacturers are able to create a variety of aircraft parts with
complex designs, cost effectively and rapidly.
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Global Aerospace
3D Printing Market report is segmented on the basis of vertical, industry, printer
technology, material application and region& country level. On the basis of
vertical, the market is classified into materials and printers. Based upon industry,
aerospace 3D printing market is segmented as aircraft, UAV and spacecraft. By
printer technology, the market is segmented into SLA, SLS, DMLS, FDM and Clip.
Furthermore, based on material application, market is classified into engine,
structural and space components.
The regions covered in this global aerospace 3D printing market report
are North America, Europe, Asia-Pacific and Rest of the World. On the basis of
country level, market of Global Aerospace 3D Printing market is sub divided into
U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South
East Asia, GCC, Africa, etc.
Key Players for Global Aerospace
3D Printing Market Report–
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News:
On June
19, 2017; Stratasys introduced the Fortus 900mc Aircraft Interiors
Certification, a new 3D printing solution for manufacturing aircraft interior
parts that meet the stringent FAA and EASA certification requirements. Stratasys
provides 3D printing solutions to leading aerospace companies including Airbus,
NASA, and United Launch Alliance for the designing of final flight parts, design
prototype parts.
Increasing demand of cost effective
solutions for manufacturing complex parts is one of the key factors boost the
growth of Global Aerospace 3D Printing Market.
Growth of aerospace 3D printing is primarily driven by
increasing expansion of aerospace industry which includes a range of
commercial, industrial and military applications to produce cost effective, light
weight and complex parts. Thus 3D printing technologies are widely adopted by many
leading aerospace companies for cost savings and fast production. For example;
The Boeing printed around 22,000 light weight parts that is used in aircrafts. In
addition, OEM and suppliers have increasingly finding new ways to produce aircrafts
as quickly as possible by adapting 3D printing technology. Over the next 20
years, the demand for new aircraft will reach around 38,000 new aircrafts. Moreover,
leading aerospace companies have combined 3D printing into their processes for
the further production strategies. For example, Airbus and NASA are the few
examples of major organizations using 3D printing to tackle with complex design
problems. However, restriction of the volume of construction may obstruct the
growth of this market, where in aerospace industry; aircraft is made up of
large components and 3D printing technology is applicable to small components
with limited printing volume. Advancements in metal 3D printing, both aircrafts
and spaceships will adopt 3D printing using custom alloys and high-end
lightweight thermoplastics.
North America is expected to dominate
the Aerospace 3D Printing Market.
North America holds
the largest share of aerospace 3D printing and is expected to continue the same
within the during forecast period owing to the many aerospace companies are
largely investing in 3D printing technology in this region due to its enhanced
features such as requirement of fewer materials, able to design complex parts
and reduction of overall manufacturing cost. The U.S. aerospace and defense industry
is the leading producer of technologically advanced aircraft, space and defense
systems. In 2015, export of aircraft, engines, space systems and parts accounted
for USD 121.8 billion i.e.; 85% of total Aerospace exports. Asia pacific is rapidly
growing in this technology owing to the manufacturing opportunities in 3D
printing supported by research and development facilities, countries like
Singapore, China and South Korea have recognized the potential of 3D printing to
develop a various parts in aerospace industry.
Key Benefits for Global Aerospace 3D Printing
Market Reports –
·
Global
market report covers in depth historical and forecast analysis.
·
Global
market research report provides detail information about Market Introduction,
Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market
Restraints, Market opportunities, Competitive Analysis, Regional and Country
Level.
·
Global
market report helps to identify opportunities in market place.
·
Global
market report covers extensive analysis of emerging trends and competitive
landscape.
Global Aerospace 3D Printing Market
Segmentation –
By vertical
- Materials
- Printers
By Industry
·
Aircraft
·
UAV
·
Spacecraft
By Printers Technology
·
SLA
·
SLS
·
DMLS
·
FDM
·
Clip
By Material Application
·
Engine
·
Structural
·
Space Components
By Regional & Country Analysis:
o
U.S.
o
Canada
·
Europe
o
U.K.
o
France
o
Germany
o
Italy
·
Asia
Pacific
o
China
o
Japan
o
India
o
Southeast
Asia
·
Latin
America
o
Brazil
o Mexico
·
Middle
East and Africa
o
GCC
o
Africa
o
Rest
of Middle East and Africa
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