Global Aerospace Additive Manufacturing Market Report and Forecast 2024-2032

Global Aerospace Additive Manufacturing Market Outlook

The global aerospace additive manufacturing market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 19.70%.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Growing Penetration of 3D Printing Technology Bolstering the Market for Aerospace Additive Manufacturing

The global market for aerospace additive manufacturing is being driven by the surging penetration of 3D printing technology, the rising emphasis on lightweight components for fuel efficiency, and the growing usage of high-value materials like titanium alloys and Inconel. The rising environmental concerns and surging focus on pollution reduction are also boosting the market demand for aerospace additive manufacturing across the globe. With improved additive manufacturing techniques and cost reduction, the utilisation of aerospace additive manufacturing is significantly increasing. Moreover, the surging air passenger traffic, coupled with increasing demand for modern aircraft, is propelling the growth of the aerospace additive manufacturing market.

Plastic Segment Expected to Fuel the Market Growth of Aerospace Additive Manufacturing

Based on material type, the plastic segment is likely to hold a significant share of the market for aerospace additive manufacturing during the forecast period. This can be attributed to various favourable properties such as flexibility, strength, higher temperature resistance, and machineability offered by plastics. As plastic additive manufacturing does not require moulds, fixtures, or cutting tools and only utilises files and raw materials, it offers accelerated lead time. This, in turn, boosts the time-efficiency of manufacturing aircraft components, hence providing further impetus to the aerospace additive manufacturing market growth.

Aerospace Additive Manufacturing Market Segmentation

Additive manufacturing (AM), variously known as 3D printing, is a computer-controlled process that creates  three-dimensional objects by depositing materials, usually in layers. It is ideal for various aerospace applications owing to its ability to produce complex geometric parts such as blisks. Aerospace additive manufacturing posits various advantages and improves the cost-effectiveness and fuel-efficiency of aircraft.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The major platforms of aerospace additive manufacturing are:

• Aircraft
• Unmanned Aerial Vehicle
• Spacecraft

The market can be broadly categorised on the basis of material type segments into:

• Metal Alloy
• Plastic
• Rubber
• Others

By application, the market is segmented into:

• Engine
• Structural
• Others

Based on technology, the market is categorised into:

• 3-D Printing
• Laser Sintering
• Stereo Lithography
• Fused Deposition Modelling
• Electron Beam Melting

The EMR report looks into the regional markets of aerospace additive manufacturing like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

North America Likely to Hold a Substantial Share in the Market for Aerospace Additive Manufacturing

North America is expected to account for a substantial share in the aerospace additive manufacturing market owing to the robustly growing aerospace industry in the region. Due to the wide presence of prominent companies like 3D Systems Inc. and the General Electric Company, among others, the market in the United States is anticipated to witness a robust growth in upcoming years. Moreover, with the rising airport traffic and various airports in the region being some of the busiest airports in the world, the demand for aerospace additive manufacturing is further expected to grow and boost the market growth in the forecast period.

Key Players in the Global Market for Aerospace Additive Manufacturing

The report presents a detailed analysis of the following key players in the global aerospace additive manufacturing market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• 3D Systems Inc. 
• ExOne GmbH 
• Optomec, Inc. 
• The General Electric Company 
• EOS GmbH 
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report