The aerospace 3d printing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aerospace 3D Printing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aerospace 3d printing market size has grown exponentially in recent years. It will grow from $2.43 billion in 2023 to $3.21 billion in 2024 at a compound annual growth rate (CAGR) of 31.9%. The growth in the historic period can be attributed to environmental concerns, demand for customized aerospace components , rise in aerospace industry, regulatory support, investment and funding.
The aerospace 3d printing market size is expected to see exponential growth in the next few years. It will grow to $9.29 billion in 2028 at a compound annual growth rate (CAGR) of 30.5%. The growth in the forecast period can be attributed to global market growth, rising focus on green aviation, rising demand for lightweight components, increasing space launch vehicles, need for cost savings. Major trends in the forecast period include metal additive manufacturing, advanced composite printing, in-flight 3d printing, ai and machine learning integration, sustainability and eco-friendly materials.
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Scope Of Aerospace 3D Printing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aerospace 3D Printing Market Overview
Market Drivers –
The rising demand for lightweight parts and components from the aerospace industry is driving the growth of the aerospace 3D printing market. Lightweight design is a highly described and used concept in various industries, particularly in aerospace, and is related to the green aviation theory. 3D printing allows the creation and deployment of various lightweight prototypes, enabling designers to refine the form and fit of finished parts in the aerospace industry. For instance, a 20% weight reduction in a Boeing 787 is expected to generate a 10 to 12% improvement in fuel efficiency. In addition to a decrease in carbon footprint, lightweight parts also improve operational efficiency with such things as better acceleration, higher structural strength, and better protection performance. Therefore, the rising demand for lightweight parts and components from the aerospace industry is driving the growth of the aerospace 3D printing market.
Market Trends –
Technological advancements are a key trend gaining popularity in the aerospace 3D printing market. Technological advancement is the discovery of knowledge that advances technology in developing new products. For instance, in May 2021, Belgium-based 3D printing company, Materialise, introduced flight-ready parts using laser sintering technology. Laser sintering uses a high-power laser to sinter small particles of polymer powder into a solid structure based on a 3D model. The company is using a flame-retardant polyamide (PA 2241 FR) to produce laser sintered parts under the Airbus Process Specification AIPS 03-07-022.
The aerospace 3d printing market covered in this report is segmented –
1) By Material Type: Metals, Plastics, Ceramics
2) By Industry Type: Aircraft, Spacecraft, Unmanned Aerial Vehicles
3) By Printer Technology Type: Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM), Continuous Liquid Interface Production (CLIP), Stereolithography (SLA), Selective Laser Sintering (SLS)
4) By Process Type: Material Extrusion, Powder Bed Fusion, Direct Energy Deposition, Material Jetting, Binder Jetting, Sheet Lamination, Vat Photo-Polymerization
5) By Application: Structural Components, Engine Components, Space Components
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Regional Insights –
North America was the largest region in the aerospace 3D printing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the 3D printing market share during the forecast period. The regions covered in the aerospace 3d printing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the aerospace 3d printing market include Norsk Titanium AS, Materialise NV, EOS GmbH Electro Optical Systems, Arcam AB, 3D Systems Corporation, Ultimaker B.V., Stratasys Ltd., General Electric Company, Airbus SE, Safran SA, Raytheon Technologies Corporation, The ExOne Company, MTU Aero Engines AG, Höganäs AB, Oerlikon Group AG, Renishaw plc, TRUMPF GmbH + Co. KG, Made In Space Inc., Markforged Inc., Liebherr-International AG, EnvisionTEC GmbH, Optomec Inc., XYZprinting Inc., SLM Solutions Group AG, Concept Laser GmbH, Sciaky Inc., Additive Industries B.V., Carpenter Technology Corporation, GKN plc, Aerojet Rocketdyne Holdings Inc.
Table of Contents
1. Executive Summary
2. Aerospace 3D Printing Market Report Structure
3. Aerospace 3D Printing Market Trends And Strategies
4. Aerospace 3D Printing Market – Macro Economic Scenario
5. Aerospace 3D Printing Market Size And Growth
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27. Aerospace 3D Printing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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