The global aerospace 3D printing market size is expected to reach USD 2.18 billion by 2028 according to a new study by Polaris Market Research. The report “Aerospace 3D Printing Market Share, Size, Trends, Industry Analysis Report, By Technology (FDM, SLS, SLA, PBF, Others); By Platform; By Vertical; By Application; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The aerospace industry is a prime candidate for three-dimensional technology mainly due to short turn-around times and significantly reduced production runs achieved through three-dimensional printing. The technology also fosters innovation by reducing costs, significantly reducing part count, and enhancing part finish which is intensifying its growth in the global industry. Besides, there is also a trend of reducing carbon emissions in the industry, which is well addressed by three-dimensional printing driven by optimum utilization of materials with lower scrape rate and significant weight reduction, which improves fuel economy and reduces carbon footprints.
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Industry participants such as Aerojet Rocketdyne, Stratasys Ltd., Ultimaker B.V., 3D Systems Corporation, The ExOne Company, Arcam AB, GE Aviation, Hoganas AB, Envision GmbH, and EOS GmbH are some of the key players competing in the global market.
Among technology types, selective laser sintering has been increasingly adopted by leading players in the industry, witnessing significant growth in the industry. In May 2021, Materialise (a leading player in the three-dimensional technology market) qualified its laser-sintered parts made with PA 2241-FR across Airbus for flight-ready parts. The technology enables cost-effective production, thereby meeting the strict quality standards.
The growing need for reducing lead time, saving manufacturing costs, and improving fuel economy has grabbed the attention of three-dimensional technology among emerging Asian economies, thereby opening room for small to mid-sized industry tier players and three-dimensional parts producing start-ups willing to expand into the industry with unique offerings.
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Table of Contents
Aerospace 3D Printing Market Insights
Aerospace 3D Printing Market Assessment by Platform
- Commercial Aircraft
- Military Aircraft
Aerospace 3D Printing Market Assessment by Vertical
Global Aerospace 3D Printing Market, by Technology
Aerospace 3D Printing Market, by Application
- Structural Components
- Spacecraft Components
Aerospace 3D Printing Market Assessment by Geography
- North America (U.S, Canada)
- Europe (Austria, France, Germany, Italy, Netherlands, Spain, UK)
- Asia Pacific (China, India, Indonesia, Japan, Malaysia, Australia)
- Latin America (Brazil, Mexico, and Argentina)
- Middle East & Africa (Israel, UAE, Saudi Arabia, and South Africa)
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Other Studies Relevant to this industry: https://www.polarismarketresearch.com/industry/Aerospace-and-Defense
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers
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