Global Aerospace 3D Printing Market, By Type (Materials, Printer), By Application (Engine Components

Published Date: | Report Code : AD1912384

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Market Dynamics:

The Aerospace 3D Printing Market is expected to promise high growth owing to increasing demand for the industry is expected to drive the 3D printing market in recent years. Increasing demand from End-Use Industries including spacecraft, UAV, aircraft is expected to drive the growth of the aerospace 3D printing market. This market has witnessed a number of key developments by major companies including Arcam, Arconic, EOS, GKN, Stratasys, and Concept Laser, and others with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

The process of making a 3-dimensional solid object from a digital file is known as 3D printing. It is a machine that has changed the way an enterprise builds objects. This technology helps to create objects by printing one layer of an object at a time. It may take several minutes to create one object but it is relatively faster than any other tool used to manufacture objects. It is widely used in the aerospace and defense industry to create parts for their prototypes. It helps designers to skip the fabrication of tools and build finished products.

Segment Insights:

The aerospace 3D printing may have a significant growth in the market, as it helps in creating an object faster, reducing the waste, and shorten the supply chain. Due to this, the aerospace industry and engine manufacturers are adopting this technology. Aircraft making companies such as GE Aviation, Rolls Royce, etc., has already started manufacturing engines using 3D printing technology. North America is also expected to dominate the 3D printing market. However, the development of new materials to print 3D components to withstand high temperatures and extreme environment is also likely to drive the materials type segment of the aerospace 3D printing market during the forecast period.

Key Factors Impacting Market Growth:

  • North America is expected to witness the highest growth
  • Aircraft end-use industry is expected to drive the 3D printing market

Regional Analysis:

The aerospace 3D printing market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for aerospace 3D printing market during the forecast period. Major countries in these regions include US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. 

The Asia Pacific is estimated to be the fastest growing region with increasing expenditure on defense and space research. With the presence of some of fastest growing economies including India and China, this region is projected to be a major market for the aerospace 3D printing market during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for aerospace 3D printing market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for the aerospace 3D printing market with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Arcam, Arconic, EOS, GKN, Stratasys, and Concept laser…

Market Segmentation:

By Type:

  • Materials
  • Printer

By Application:

  • Engine Components
  • Structural Components
  • Space Components

By End-Use Industry:

  • Aircraft
  • UAV
  • Spacecraft

By Printer Type:

  • Continuous Liquid Interference Production (CLIP)
  • Direct Metal Laser Sintering (DMLS)
  • Selective Metal Sintering (SML)
  • Fusion Depositing Modeling (FDM)
  • Stereolithography (SL)

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
    • By End-Use Industry
    • By Printer Type
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
    • By End-Use Industry
    • By Printer Type
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
    • By End-Use Industry
    • By Printer Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
    • By End-Use Industry
    • By Printer Type
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
    • By End-Use Industry
    • By Printer Type
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application
    • By End-Use Industry
    • By Printer Type

Reasons To Buy This Report:

  • Market size estimation of the aerospace 3D printing market on regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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