Aerospace 3D Printing Market: Global Industry Analysis and Forecast (2021-2027) Key Trends

Aerospace 3D Printing Market is expected to grow at a CAGR of 20.77 % over the forecast period 2021-2027, to account for US$ 5.77 Bn. in 2027. The aircraft is one of the segments reviewed in the MMR report dominating the global aerospace 3D printing market.

Aerospace 3D Printing Market Overview & Dynamics:

The aerospace industry was a very early adopter of 3D-printing and continues to contribute heavily to its expansion. Some aerospace players began using 3D-printing technology as early as 1989 and over the next couple of decades, the adoption of 3D-printing increased significantly. Both aircraft and engine manufacturers have been relying on 3D-printing technology to develop lightweight parts to increase efficiency. The aerospace 3D printing market is gaining traction and expanding to many regions including North America, APAC, and MEA. Aerospace 3D Printing Market To know about the Research Methodology:- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region. The MMR report covers all the trends and technologies playing a major role in the growth of the aerospace 3D printing market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during 2021-2027. Some of the dynamics illustrate below:

Military and Defense Spending by Governments:

Rising military & defence spending by governments of many economies is expected to drive demand for heavy and lightweight aircraft. Thanks to increasing political tension and conflicts, and military operations in several regions particularly in economies in the MEA. Furthermore, the rising number of private organizations despoiling into the aerospace industry to upsurge brand image and expand product portfolio and market footprint. For example, The Boeing Company a leading manufacturer and distributor of aircraft it received 887 orders for aircraft in 2017, which was an upsurge of over 1.6 % as compared to that in 2010. Moreover, Airbus SE, stated it received 1,109 orders for aircraft in 2017, which is a rise of 1.9% compared to 2010, where the company had bagged 574 orders.

Technological Advancement:

The introduction of advanced technology 3D printers is projected to lead to developments in 3D printing abilities in the aerospace industry in the future. Presently, ULTEM materials are popular in the aerospace industry, because of their heat resistance properties. Manufacturers are using ULTEM materials to make the inner shell for freezer units, which comprise all the essential mounting structures. Therefore, advancement in ULTEM materials is expected to offer growth opportunities for the aerospace 3D printing market globally.

Limiting Supply Chain Cost:

3D-printing technology helps aerospace companies to reduce the number of partners and suppliers significantly. They can simply shorten the supply chain by changing multiple aircraft parts with a consolidated single part. Similarly, they can use 3D printers to produce many aircraft parts in a short amount of time. Henceforth, they are not required to rely on various suppliers to produce individual parts. The leading aerospace players have been switching to localized production by participating in the supply chain vertically.

3D-printing Adoption by Aerospace Companies by Region:

Aerospace 3D Printing Market 1

Aerospace 3D Printing Market Segmentation:

Aerospace 3D Printing Market is segmented into Offerings, Technology, Platform, End Product, and Application. The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the Aerospace 3D Printing Market size. Aircraft Segment is expected to Account for The Largest Market Share By 2027. Based on the platform, the aircraft segment is dominating the aerospace 3D printing market and valued at around US$ XX Bn in 2020. Various aircraft OEMs are implementing the 3D-printed parts in their aircraft models. For example, Stratasys has been awarded an agreement extension by Airbus for the production of 3D-printed polymer mechanisms for the aircraft cabin interiors in March 2021. While the earlier agreement was only for the A350 aircraft, the renewal contains the production of parts for many more aircraft platforms, besides spare part production. As well as A350, the Stratasys will now supply parts for installation on the A300, A320, A330 and A340 aircraft platforms. Companies operating in aircraft industry are aware of the growing demand for new aircraft and actively investing in 3D-printing technologies within the manufacturing segment, which is projected to fuel the growth of the aircraft segment in the future. Material Extrusion or Fusion Deposition Modeling (FDM) Segment is Projected to Dominate the Market During the Forecast Period. By technology, the Material Extrusion or Fusion Deposition Modeling (FDM) segment dominated the market, with projected to grow at the highest CAGR of 20.07% during 2021-2027. The extrusion process is efficient and fast at making large volumes of continuous shapes in changing lengths with minimum wastage. The ability to manufacture composite shapes with varying textures, thicknesses, and colors is a major benefit of this process. Aerospace 3D Printing Market 2

Key Development:

The MMR reports cover key developments in the aerospace 3D printing market as organic and inorganic growth strategies. Such as, • In July 2021, Burloak Company announced the opening of its second 3D printing centre in Camarillo, California. The new facility is projected to reinforce its 3D printing Centre of Excellence in Ontario. Aircraft OEMs are also growing their footprint in the 3D printing market with the rising requirement for 3D printed components. Similarly, because of the economic benefit of 3D-printing components in the space area compared to the traditional subtractive manufacturing methods, space agencies such as ESA and NASA are now looking for manufacturing spacecraft parts using 3D-printed components. • in March 2021, Women in 3D-Printing NextGen, a company focused on concluding the gender gap in 3D-printing, launched the “Meet the Stars of 3D-Printing: Aerospace Edition” virtual event with a goal to highlight the career opportunities in the 3D-printing industry.

Aerospace 3D Printing Market Reginal Insight:

North America is an Emerging Market: North America is expected to hold the largest xx% growth rate during 2021-2027 thanks to the high adoption rate of 3D-printing in the aerospace sector, combined with the increasing financial support from governments in the USA. The adoption of 3D-printing technology in the aerospace sector in North America is gaining force owing to its quick manufacturing process and technology development, which enable engineers to authorize prototype designs at a faster rate and therefore, speed up the aircraft development process. Asia-Pacific Aerospace 3D Printing Market valued US$ xx Bn. in 2020 and is expected to reach a value of US$ xx Bn. by 2027, with a CAGR of 4.16% during 2021-2027. This growth is driven by a growing presence of OEMs and tier players that are trying to tap the rising demand from major countries like India, China, and Japan. The objective of the report is to present a comprehensive analysis of the global Aerospace 3D Printing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Aerospace 3D Printing Market dynamic, structure by analyzing the market segments and projecting the Aerospace 3D Printing Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Aerospace 3D Printing Market make the report investor’s guide.

Aerospace 3D Printing Market Scope: Inquire before buying

Aerospace 3D Printing Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 1.54 Bn.
Forecast Period 2021 to 2027 CAGR: 20.77 %. Market Size in 2027: US $ 5.77 Bn.
Segments Covered: by Offerings • Printers • Materials • Services • Software
by Technology • Polymerization • Powder Bed Fusion • Material Extrusion Or Fusion Deposition Modeling (Fdm) • Others
by Platform • Aircraft • UAVs • Spacecraft
by End Product • Engine Components • Structural Components • Others
by Application • Prototyping • Tooling • Functional Parts

Aerospace 3D Printing Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Aerospace 3D Printing Market Key Players

• Imperva • Bitglass • CloudLock • CipherCloud • Skyhigh Networks • Forcepoint • Netskope • Microsoft Cloud App Security • Protegrity • Adallom • Perspescys • CloudMask • Palo Alto Networks, Inc. • Vaultive Inc. • Fortinet, Inc

Frequently Asked Questions:

1] What segments are covered in the Aerospace 3D Printing Market report? Ans. The segments covered in the Aerospace 3D Printing Market report are based on Offerings, Technology, Platform, End Product, and Application. 2] Which region is expected to hold the highest share in the Aerospace 3D Printing Market? Ans. North America region is expected to hold the highest share in the Aerospace 3D Printing Market. 3] What is the market size of the Aerospace 3D Printing Market by 2027? Ans. The market size of the Aerospace 3D Printing Market by 2027 is US$ 5.77 Bn. 4] What is the forecast period for the Aerospace 3D Printing Market? Ans. The forecast period for the Aerospace 3D Printing Market is 2020-2027. 5] What was the market size of the Aerospace 3D Printing Market in 2020? Ans. The market size of the Aerospace 3D Printing Market in 2020 was US$ 1.54 Bn.
1. Global Aerospace 3D Printing Market: Research Methodology 2. Global Aerospace 3D Printing Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Aerospace 3D Printing Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Aerospace 3D Printing Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Aerospace 3D Printing Market Segmentation 4.1 Global Aerospace 3D Printing Market, By Offerings (2020-2027) • Printers • Materials • Services • Software 4.2 Global Aerospace 3D Printing Market, By Technology (2020-2027) • Polymerization • Powder Bed Fusion • Material Extrusion Or Fusion Deposition Modeling (Fdm) • Others 4.3 Global Aerospace 3D Printing Market, By Platform (2020-2027) • Aircraft • UAVs • Spacecraft 4.4 Global Aerospace 3D Printing Market, By End Product (2020-2027) • Engine Components • Structural Components • Others 4.5 Global Aerospace 3D Printing Market, By Application (2020-2027) • Prototyping • Tooling • Functional Parts 5. North America Aerospace 3D Printing Market (2020-2027) 5.1 North America Aerospace 3D Printing Market, By Offerings (2020-2027) • Printers • Materials • Services • Software 5.2 North America Aerospace 3D Printing Market, By Technology (2020-2027) • Polymerization • Powder Bed Fusion • Material Extrusion Or Fusion Deposition Modeling (Fdm) • Others 5.3 North America Aerospace 3D Printing Market, By Platform (2020-2027) • Aircraft • UAVs • Spacecraft 5.4 North America Aerospace 3D Printing Market, By End Product (2020-2027) • Engine Components • Structural Components • Others 5.5 North America Aerospace 3D Printing Market, By Application (2020-2027) • Prototyping • Tooling • Functional Parts 5.6 North America Aerospace 3D Printing Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Aerospace 3D Printing Market (2020-2027) 6.1. Asia Pacific Aerospace 3D Printing Market, By Offerings (2020-2027) 6.2. Asia Pacific Aerospace 3D Printing Market, By Technology (2020-2027) 6.3. Asia Pacific Aerospace 3D Printing Market, By Platform (2020-2027) 6.4. Asia Pacific Aerospace 3D Printing Market, By End Product (2020-2027) 6.5. Asia Pacific Aerospace 3D Printing Market, By Application (2020-2027) 6.6. Asia Pacific Aerospace 3D Printing Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Aerospace 3D Printing Market (2020-2027) 7.1 Middle East and Africa Aerospace 3D Printing Market, By Offerings (2020-2027) 7.2. Middle East and Africa Aerospace 3D Printing Market, By Technology (2020-2027) 7.3. Middle East and Africa Aerospace 3D Printing Market, By Platform (2020-2027) 7.4. Middle East and Africa Aerospace 3D Printing Market, By End Product (2020-2027) 7.5. Middle East and Africa Aerospace 3D Printing Market, By Application (2020-2027) 7.6. Middle East and Africa Aerospace 3D Printing Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Aerospace 3D Printing Market (2020-2027) 8.1. Latin America Aerospace 3D Printing Market, By Offerings (2020-2027) 8.2. Latin America Aerospace 3D Printing Market, By Technology (2020-2027) 8.3. Latin America Aerospace 3D Printing Market, By Platform (2020-2027) 8.4. Latin America Aerospace 3D Printing Market, By End Product (2020-2027) 8.5. Latin America Aerospace 3D Printing Market, By Application (2020-2027) 8.6. Latin America Aerospace 3D Printing Market, by Country (2020-2027) • Brazil • Argentina • Rest of Latin America 9. European Aerospace 3D Printing Market (2020-2027) 9.1. European Aerospace 3D Printing Market, By Offerings (2020-2027) 9.2. European Aerospace 3D Printing Market, By Technology (2020-2027) 9.3. European Aerospace 3D Printing Market, By Platform (2020-2027) 9.4. European Aerospace 3D Printing Market, By End Product (2020-2027) 9.5. European Aerospace 3D Printing Market, By Application (2020-2027) 9.6. European Aerospace 3D Printing Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. 3D SYSTEMS, INC. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 GE ADDITIVE 10.3 EOS GMBH 10.4 STRATASYS LTD. 10.5 MATERIALISE NV 10.6 MOOG INC 10.7 PROTOLABS 10.8 RENISHAW PLC 10.9 NORSK TITANIUM 10.10 OC OERLIKON MANAGEMENT AG 10.11 ULTIMAKER BV 10.12 HÖGANÄS AB 10.13 TRUMPF 10.14 MARKFORGED 10.15 SLM SOLUTIONS 10.16 VOXELJET 10.17 PRODWAYS 10.18 NANO DIMENSION

About This Report

Report ID 15382
Category Information Technology & Telecommunication
Published Date Jun 2019
Updated Date Dec 2021
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