The report size is expected to reach USD 11.98 Billion at a steady CAGR of 26.6% in 2028. Steady global aerospace 3D printing market revenue growth can be attributed to increasing need for lightweight aircraft to enhance fuel-efficiency. Production of customized aircraft parts to meet the specific functional needs in aircraft is also drive demand for 3D printing in the aerospace industry. Also, customized parts and components can be produced more cost-effectively and at a rapid rate using 3D printing technology.
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As fuel consumption is a major cost driver for airline operators, large investments are being made on R&D and options to increase aircraft fuel-efficiency through weight reduction. 3D printing delivers an appropriate solution to produce more lightweight aircraft through aircraft part geometry optimization and use of lesser materials.
Competitive Outlook:
The global Aerospace 3D Printing market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Aerospace 3D Printing market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies included Stratasys Ltd., Höganäs AB, EOS GmbH, Norsk Titanium AS, MTU Aero Engines AG, 3D Systems Corporation, Materialise NV, Ultimaker BV, EnvisionTEC GmbH, and ExOne
Regional Bifurcation of the Aerospace 3D Printing Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research has segmented the global aerospace 3D printing market on the basis of component, technology, application, and region:
Component Outlook (Revenue, USD Million; 2018–2028)
Hardware
Software
Services
Materials
Technology Outlook (Revenue, USD Million; 2018–2028)
Direct Metal Laser Sintering (DMLS)
Fused Deposition Modeling (FDM)
Stereolithography (SLA)
Selective Laser Sintering (SLS)
Others
Application Outlook (Revenue, USD Million; 2018–2028)
Aircraft
Unmanned Aerial Vehicles
Spacecraft
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Key Questions Answered in the Report:
What will be the estimated growth rate of the Aerospace 3D Printing market by 2028?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Aerospace 3D Printing market throughout the forecast period?
What are the current and future market trends of the Aerospace 3D Printing market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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