Global aerospace 3D printing
market was valued at over $ 850 million in 2018 and is poised to grow at CAGR
of more than 20% during forecast period on account of increasing demand for
reducing the overall weight of the aircraft so as to improve the fuel
consumption. Moreover, 3D printing can be used to customize components and
parts used in the aircraft industry by efficient use of the overall raw
material with high accuracy, thereby promoting growth of 3D printing market.
Complicated components can be easily made with the 3D printing technology with reduced
errors.
Global aerospace 3D printing
market can be segmented based on vertical, industry, material, printer
technology and material application. In terms of vertical, the market can be
bifurcated into printers and material. On account of increasing demand for
materials possessing high strength to weight ratio for 3D printing technology,
material segment is anticipated to grow at the highest rate during forecast
period. Based on the material application, 3D printing finds application in all
the components and parts including engine, structural and space components.
However, on account of increasing focus of companies on manufacturing engine
components, the segment is posed to grow at impressive rate until 2024.
Regionally, the market for aerospace
3D printing is gaining traction and expanding to various regions including
Asia-Pacific, North America, Europe, South America and Middle East & Africa.
Among these regions, North America is the largest market of aerospace 3D
printing. Presence of regional and leading players in the region backed by
approval from Federal Aviation Administration (FAA) for the use of 3D printed
parts in commercial aircrafts, the market of North America is anticipated to
grow at substantial rate through 2024.
Major players operating in the aerospace
3D printing market include Stratasys Ltd., The Exone Company, Materialise NV, Aerojet
Rocketdyne, Ultimaker B.V., Arcam AB, MTU Aero Engines AG, Höganäs AB, 3D
Systems Corporation, Envisiontec GmbH, EOS GmbH, Norsk Titanium AS, Sintavia
LLC, Oerlikon Management AG, Lockheed Martin, etc. Major companies are
developing advanced technologies and launching new products in order to stay
competitive in the market. Other competitive strategies include mergers &
acquisitions and new product developments. Lockheed Martin Corp and Arconic
entered into a two-year developmental agreement in order to develop customized
lightweight material systems.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of global
aerospace 3D printing market.
- To classify and forecast global aerospace 3D
printing market based on vertical, industry, material, printer technology,
material application and regional distribution.
- To identify drivers and challenges for global aerospace
3D printing market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
aerospace 3D printing market.
- To conduct pricing analysis for global
aerospace 3D printing market.
- To identify and analyze the profile of leading
players operating in global aerospace 3D printing market.
Click here to download the brochure
Some of the leading players in global aerospace 3D printing market are Stratasys
Ltd., The Exone Company, Materialise NV, Aerojet Rocketdyne, Ultimaker B.V.,
Arcam AB, MTU Aero Engines AG, Höganäs AB, 3D Systems Corporation, Envisiontec
GmbH, EOS GmbH, Norsk Titanium AS, Aerojet Rocketdyne, Sintavia LLC, Oerlikon
Management AG, Lockheed Martin, etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of global aerospace 3D printing market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Manufacturers of aerospace 3D
printers and 3D printing materials
- Aircraft manufacturers using
3D printing technology
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to aerospace 3D printing
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers and partners, end users, etc.,
besides allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, global aerospace 3D
printing market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, By Vertical:
- Market, By Industry:
- Market, By Material:
- Metals
- Composites
- Ceramics
- Market, By Printer Technology:
- Stereolithography (SLA)
- Fusion Deposition Modelling (FDM)
- Direct Metal Laser Sintering (DMLS)
- Selective Laser Sintering (SLS)
- Continuous Liquid Interface Production (CLIP)
- Others
- Market, By Material Application:
- Engine Components
- Structural Components
- Space Components
- Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- Singapore
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global aerospace 3D printing market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com