The global aerospace 3D printing market size stood at USD 2.66 billion in 2021. The market is anticipated to rise from USD 2.94 billion in 2022 to USD 8.35 billion in 2029, at a 16.07% CAGR during the forecasted period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Aerospace 3D Printing Market, 2022-2029.”
According to the study, surging demand for low-weight components will drive innovations across emerging and advanced economies. For instance, carbon fiber materials and shape memory alloys have become trendier to minimize aircraft’s weight. With the need for fuel-saving gaining prominence, industry players will continue to invest in the portfolio.
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Major Players Profiled in the Market Report:
- 3D Systems (U.S.)
- Stratasys (Israel)
- Materialise (Belgium)
- EOS GmbH (Germany)
- General Electric Company (U.S.)
- CleanGreen3D (Mcor Technologies Limited) (U.S.)
- Ultimaker BV (Netherlands)
- Proto Labs, Inc. (U.S.)
- Relativity Space (U.S.)
- The ExOne Company (U.S.)
- Voxeljet AG (Germany)
- Velo 3D (U.S.)
- SLM Solutions Group AG (Germany)
- EnvisionTEC (U.S.)
Brouse For more details:
https://www.fortunebusinessinsights.com/industry-reports/aerospace-3d-printing-market-101613
Segmentations
Material Segment to Gain Traction from Rising Demand for High strength-to-weight Ratio Materials
In terms of vertical, the market is segregated into material and printer. The material segment could account for the highest share of the global market. The growth is partly attributed to the strong demand for high strength-to-weight ratio materials.
Aircraft to Exhibit Profound Demand Due to Rising Footfall of 3D printed Parts
With respect to industry, the market is segmented into spacecraft, aircraft and UAV. The aircraft segment will contribute a significant CAGR towards the global market, partly due to the need for equipment deliveries and the demand for 3D printed parts.
Space Component to Depict Strong Demand Due to Rising Number of 3D Printer Deliveries
On the basis of application, the market is classified into space component, engine component and structural components. Stakeholders expect the space component segment to boost industry growth in the wake of a surging number of aerospace 3D printer deliveries for space components.
Fused Deposition Modeling (FDM) to be Sought-after for Efficiency
Based on the printer technology, the industry is divided into Fused Deposition Modeling (FDM), Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), Continuous Liquid Interface Production (CLIP), Selective Laser Sintering (SLS) and others. The fused deposition modeling segment will grow due to increased efficiency and money-saving attributes.
Drivers and Restraints
Strong Demand for Composite Materials to Boost Industry Growth
Aerospace 3D printing market growth will be pronounced during the forecast period, largely due to bullish demand from composite materials. Expanding applications, such as wing assemblies, beech starship, propellers and helicopter rotor blades, will augur well for the industry growth. Besides, additive manufacturing will gain impetus in space applications. An upsurge in research and development activities will encourage investments in the ensuing period. Prominently, the European Space Agency (ESA) is contemplating 3D printing their base on the moon, auguring well for the industry outlook. However, increased time consumption and the high cost of parts could dent the industry growth.
