What does the Aerospace Additive Manufacturing Global Market Report 2025 Suggest About Historic and Forecast Market Growth?
The aerospace additive manufacturing market size has progressively grown, reaching $5.26 billion in 2024 and is forecasted to hit $6.24 billion in 2025 at a compound annual growth rate (CAGR) of 18.6%. This growth is mainly attributed to factors like weight reduction and fuel efficiency, complex geometries and design flexibility, cost reduction and efficiency improvements, and advancements in materials. Other influences include the proliferation of rapid prototyping and iterative design. The market size is expected to dramatically escalate to $13.4 billion by 2029, growing at a CAGR of 21.0%. Drivers for this forecasted growth include increasing adoption in commercial aviation, improved print speed and scale, supply chain resilience, localized production, and sustainable manufacturing practices.
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What are the Key Market Growth Drivers?
A significant driver propelling the aerospace additive manufacturing market forward is the increase in air passenger traffic. Rising passenger numbers due to various reasons, including work, business, and tourism, have prompted aircraft companies to organize more domestic and international flights. This has resulted in increased aircraft manufacturing and consequently, the usage of aerospace additive manufacturing. According to the International Air Transport Association (IATA), total passenger traffic rose by 64.4% in 2022 compared to 2021, effectively driving the aerospace additive manufacturing market.
What are the Major Segments within the Global Aerospace Additive Manufacturing Market?
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
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What are the Major Players in the Aerospace Additive Manufacturing Market?
Major players 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., and SLM Solutions Group AG, to name a few. Among others are Stratasys Ltd., CRS Holdings Inc., General Electric Company, 3DCeram S.A.S., Carpenter Technology Corporation, Arconic Corporation, Boeing Company, and Airbus SE, etc.
What are the Emerging Trends in the Aerospace Additive Manufacturing Market?
Innovative products like 3D printers and additive manufacturing technologies are major trends within the aerospace additive manufacturing market. For instance, in June 2022, Collins Aerospace launched a new additive manufacturing center to enhance its capabilities in producing aircraft parts and components. This expansion aims to reduce weight, cost, and time to market for aircraft parts while providing more sustainable solutions for customers.
What is the Regional Analysis for the Aerospace Additive Manufacturing Market?
North America was the largest region in the aerospace additive manufacturing market in 2024. Other regions covered in the aerospace additive manufacturing market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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Aerospace additive manufacturing, also known as 3D printing in aerospace, involves the use of additive manufacturing technologies to produce aerospace components and parts. This process involves layering material, such as metals, polymers, or composites, to generate intricate forms and structures. The Aerospace Additive Manufacturing Global Market Report 2025 research report from The Business Research Company presents global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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