Aerospace 3D Printing market Reports

Fortune Business
Fortune Business 2/25/2021 9:24:37 AM

Aerospace 3D Printing market Report by
Technology, Industry Share and Size Expansion to 2026 | Fortune Business
Insights™


The global ''3d printing aerospace'' is projected to rise
exponentially during the forecast duration owing to the adoption of new
strategies such as merger and acquisition, increasing investments in R & D,
and others on a worldwide basis. Fortune Business Insights in their report
titled, “Aerospace 3D Printing Market Size, Share & Industry
Analysis, By Vertical (Printers and Materials), By Industry Type (UAV, Aircraft,
and Spacecraft), By Application Type (Engine Components, Space Components, and
Structural Components), By Printer Technology Type (DMLS, FDM, CLIP, SLA, SLS
and Others) and Regional Forecast, 2018-2026
,”
 projects such
strategies to promote the overall market growth.

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Study Period: 2016-2027

Base Year: 2019

Forecast Period: 2020-2027

Historical Period: 2016-2018

The report offers a comprehensive
overview of the aerospace 3D printing market. It also provides interesting
insights into current industry developments namely regulatory scenario in
significant nations, company collaborations, and growth drivers and restraints.
Additionally, the report also offers SWOT analysis, and price trend analysis,
coupled with company profiles and competitive landscape. The report is
available for sale on the Fortune Business Insights website.

According to the report, the market is
expected to rise from USD 1,359.1 Million to USD 6,745.5 Million with a
remarkable CAGR of 22.17% within the forecast period of 2018 to 2026. As per
the current aerospace 3D printing market trends, the Direct Metal Laser
Sintering (DMLS) segment will dominate the market, based on printer technology.
This is owing to the fact that they are capable of crafting complex geometrical
structures. In addition to that, they have other properties such as
corrosion-resistant, good welding characteristics, lightweight metal
components, and others that will help this segment generate high revenue in the
coming years.

Fortune Business Insights enlists some
of the significant players operating in the aircraft 3D printing market. These
include


  • The Exone Company

  • Norsk Titanium

  • Materialise NV

  • EOS GmbH

  • Arcam AB

  • 3D Systems Corporation

  • Ultimaker B.V.

  • Stratasys Ltd.

  • MTU Aero Engines AG

  • Höganäs AB

  • Envisiontec GmbH

  • Aerojet Rocketdyne

Increasing Demand for Lightweight
Vehicle Parts to Promote Market Growth

The weight of the aircraft plays a
pivotal role in the designing and development of an aircraft. Lightweight
aerospace vehicles consume less fuel than their heavier counterparts. Aircraft
that are technologically advanced are highly fuel-efficient because of the use
of 3D printed lightweight advanced material namely parts, overall airframe,
components, and others without having to compromise on the aerodynamics and
strength of the aircraft. The rise in demand for lightweight vehicle parts from
the aerospace industry is estimated to promote the growth of the market in the
forecast duration.

In addition, the material made out of
3D printing technology is capable of operating even in extreme temperatures.
This is another factor boosting the market for the 3D Printing in the aerospace
industry. Furthermore, there is a short supply chain of aerospace components
and most of the aircraft manufacturers such as Airbus, and Boeing are likely to
adopt 3D technology for achieving the rapid production process in their
aircraft. This will further help to shorten the supply chain and reduce
wastage, and thus prognosticated to accelerate the growth rate of the market in
the forecast duration.

However, the market may face rough
waters due to restrictions imposed on industry norms and certifications, and
limitations on the availability of raw materials for space 3D printing in the
market.

Increasing Investment by US Government
Officials for Launch of New Aircrafts to Help North America Continue Dominance

Geographically, the market is estimated
to witness the dominance of North America. In 2018, North America market
generated a revenue of USD 652.3 Million. This is because of the presence of
raw material suppliers, large-to-small sized aircraft OEMs, and tier players in
the U.S., thus making it the largest manufacturing hub of the aerospace
industry in the world. Besides this, the regional market is primarily focusing
on upgrading their existing aircraft which are further expected to add a boost
to the market. Additionally, the rise in investments by the US government and
the launch of new aircraft with the latest technology installed in them will
help the region continue its dominance in the coming years.

On the other side, the surge in the
number of OEMs and increased demand for tiers, especially in India and China
are expected to help Asia Pacific emerge as the fastest-growing region during
the forecast period. In addition to that, the development of new products with
3D printed lightweight components is utilized in commercial aircraft.
Furthermore, long-term relations with the government contractors and regional
space exploration programs are other factors expected to drive the regional
market in the years to come.

Key Questions Answered:


  • Why Choose Fortune Business Insights?

  • What are the key demands and trends shaping the market?

  • What are the key opportunities in the market?

  • What are the key companies operating in the market?

  • Which company accounted for the highest market share?

  • What is the market size and growth rate of the global and regional
    market by various segments?

  • What is the market size and growth rate of the market for selective
    countries?

  • Which region or sub-segment is expected to drive the market in the
    forecast period?

  • What Factors are estimated to drive and restrain the market growth?

Aerospace 3D Printing Market report
Focus on:


  • Extensive product offerings

  • Customer research services

  • Robust research methodology

  • Comprehensive reports

  • Latest technological developments

  • Value chain analysis

  • Potential Market opportunities

  • Growth dynamics

  • Quality assurance

  • Post-sales support

  • Regular report updates

    Reasons to
Purchase this Report:


  • Comprehensive analysis of the market growth drivers, obstacles,
    opportunities, and other related challenges.

  • Tracks the developments, such as new product launches, agreements,
    mergers and acquisitions, geographical expansions, and joint ventures.

  • Identifies market restraints and boosters.

  • Identifies all the possible segments present in the market to aid
    organizations in strategic business planning.    

Browse Complete Summary of research: https://www.fortunebusinessinsights.com/industry-reports/aerospace-3d-printing-market-101613 

 

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