A recent study on the Aerospace 3D Printing market aims at leveraging the insights and perspectives derived on the basis of both qualitative and quantitative data evaluation for the forecast period, 2021-2028. The market intelligence reports on Aerospace 3D Printing market dives deep into aspects including but not limited to the market size, growth and share across different regions to keep the stakeholders and business owners informed and help them make a wise business decision. For data-savvy product owners, sophisticated business evangelists and information-focused filed marketing personnel, looking to incorporate qualitative figures into their fundamental perspective the report presents an unrivalled statistical data on both past and future industry trends.
aerospace 3D printing market size is expected to reach USD 11.98 Billion at a steady CAGR of 26.6% in 2028, according to latest analysis by Emergen Research. 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. 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. Additionally, aerospace 3D printing allows various separate components and parts to be designed and produced as a single unit, which further reduces the weight of the component, and in turn improves fuel-efficiency.
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The extensive survey on the Aerospace 3D Printing market further identifies data that best fits the business requirement such as product classification, application and important definition. In addition, the study takes into account series of industry-leading events designed to enlighten the product owners on return on investment, investment feasibility, supply chain management, consumption volume, customer behaviour and demand and supply. To bring in more accuracy and quality to the study of Aerospace 3D Printing market the report interprets critical information through tables, infographics, and charts.
The report offers a complete analysis of the global Aerospace 3D Printing market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Stratasys Ltd., Höganäs AB, EOS GmbH, Norsk Titanium AS, MTU Aero Engines AG, 3D Systems Corporation, Materialise NV, Ultimaker BV, EnvisionTEC GmbH, and ExOne.
Key Highlights From the Report
In July 2020, Ultimaker made an announcement about the launch of Ultimaker Essentials, which is an innovative 3D printing software solution developed to help companies to incorporate additive manufacturing in current IT infrastructures and with the benefit of easy software distribution and upgradation.
Use of 3D printers in the aerospace industry reduces manufacturing time and saves on material costs. Companies, including GE Aviation and various government organizations, such as NASA are making significant investment in research and development of novel 3D printing alloys with the ability to withstand high speed and harsh environments, while optimizing strength-to-weight ratio of the aircraft engine.
Stereolithography in aerospace sector is widely used in manufacturing aircraft/spacecraft component parts in a relatively short time period, as it allows for fast curing of printed parts. Stereolithography helps in prototyping by enabling production of a low-cost, precise model, and hence aids manufacturers in finding potential mistakes that can cost a lot by detecting flaws in design of the component parts to be printed. Additionally, the technology offers a cost-effective alternative for low-volume parts’ production and a lower lead time. Moreover, as stereolithography is driven by Computer Aided Design (CAD), it allows for easy scalability.
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period 2021-2028. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.
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)
Technology Outlook (Revenue, USD Million; 2018–2028)
Direct Metal Laser Sintering (DMLS)
Fused Deposition Modeling (FDM)
Selective Laser Sintering (SLS)
Application Outlook (Revenue, USD Million; 2018–2028)
Unmanned Aerial Vehicles
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Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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