Overview and Scope
Aerospace additive manufacturing, also known as 3D printing in aerospace, refers to the use of additive manufacturing technologies to produce aerospace components and parts. This process involves building up layers of material, such as metals, polymers, or composites, to generate intricate forms and structures that would be difficult or impossible to produce using typical manufacturing processes.
Sizing and Forecast
The aerospace additive manufacturing market size has grown exponentially in recent years. It will grow from $3.14 billion in 2023 to $5.38 billion in 2024 at a compound annual growth rate (CAGR) of 71.4%. The growth in the historic period can be attributed to weight reduction and fuel efficiency, complex geometries and design flexibility, cost reduction and efficiency improvements, materials advancements, rapid prototyping and iterative design.
The aerospace additive manufacturing market size is expected to see exponential growth in the next few years. It will grow to $11.28 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to increasing adoption in commercial aviation, advancements in print speed and scale, supply chain resilience and localized production, emerging materials and composites, sustainable manufacturing practices. Major trends in the forecast period include materials innovation, scaling production with large-scale additive manufacturing, enhanced design capabilities with generative design, supply chain resilience through on-demand manufacturing, quality assurance and certification advances.
To access more details regarding this report, visit the link:
Segmentation & Regional Insights
The aerospace additive manufacturing market covered in this report is segmented –
1) By Material Type: Metal Alloy, Plastic, Rubber, Other Materials
2) By Technology: Laser Sintering, 3D Printing, Electron Beam Melting, Fused Deposition Modeling, Stereo Lithography, Other Technologies
3) By Platform: Aircraft, Unmanned Aerial Vehicle, Spacecraft
4) By Application: Engine, Structural, Other Applications
North America was the largest region in the aerospace additive manufacturing market in 2023. The regions covered in the aerospace additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10050&type=smp
Major Driver Impacting Market Growth
Air passenger traffic is expected to propel the growth of the aerospace additive manufacturing market going forward. Air passenger traffic refers to an increase in the number of passengers due to various reasons, such as work-related, business-related, and tourism-related. Air passenger traffic is prompting aircraft companies to arrange more domestic and international flights, which is resulting in increased aircraft manufacturing, which in turn is spiking the usage of aerospace additive manufacturing. For instance, in February 2023, according to the International Air Transport Association (IATA), a Canada-based group of world airlines, total passenger traffic rose by 64.4% in 2022 compared to 2021. The air traffic in December 2022 alone rose by 39.7% compared to December 2021. Therefore, the surge in passengers is driving the aerospace additive manufacturing market going forward.
Key Industry Players
Major companies operating in the aerospace additive manufacturing market report are 3D Systems Corporation, Arcam AB, Concept Laser GmbH, CRP Technology Srl, EOS GmbH Electro Optical Systems, ExOne Company, Optomec Inc., SLM Solutions Group AG, Stratasys Ltd., CRS Holdings Inc., General Electric Company, 3DCeram S.A.S., Carpenter Technology Corporation, Arconic Corporation, Markforged, Airbus SE, Boeing Company, Bombardier Inc., Embraer S.A., Rolls-Royce Holdings plc, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Safran S.A., BAE Systems plc, Cobham plc, General Dynamics Corporation, Harris Corporation, Kaman Corporation, Moog Inc., Parker Hannifin Corporation, United Technologies Corporation, Aerojet Rocketdyne Holdings Inc., AeroVironment Inc., Aurora Flight Sciences Corporation, Blue Origin LLC, RTX Corporation
The aerospace additive manufacturing market report table of contents includes:
1. Executive Summary
2. Aerospace Additive Manufacturing Market Characteristics
3. Aerospace Additive Manufacturing Market Trends And Strategies
4. Aerospace Additive Manufacturing Market - Macro Economic Scenario
5. Global Aerospace Additive Manufacturing Market Size and Growth
.
.
.
31. Global Aerospace Additive Manufacturing Market Competitive Benchmarking
32. Global Aerospace Additive Manufacturing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aerospace Additive Manufacturing Market
34. Aerospace Additive Manufacturing Market Future Outlook and Potential Analysis
35. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The global Additive Manufacturing & Material market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.
The objectives of this study are to define, segment, and project the size of the Additive Manufacturing & Material market based on company, product type, end user and key regions.This report studies the global market size of Additive Manufacturing & Material in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Additive Manufacturing & Material in these regions.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-additive-manufacturing-material-2025-770This research report categorizes the global Additive Manufacturing & Material market by top players/brands, region, type and end user.
This report also studies the global Additive Manufacturing & Material market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.The following manufacturers are covered in this report, with sales, revenue, market share for each company:3D SystemsARCAMEnvisiontecEosExoneMCOR TechnologiesMakerbot IndustriesMaterialiseOptomecStratasysMarket size by ProductPlasticsMetalsCeramicsMarket size by End UserAerospace IndustryAutomotive IndustryHealthcare IndustryGovernment and DefenseMarket size by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaSingaporeMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalySpainRussiaCentral & South AmericaBrazilRest of Central & South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaThe study objectives of this report are:To study and analyze the global Additive Manufacturing & Material market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.To understand the structure of Additive Manufacturing & Material market by identifying its various subsegments.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).Focuses on the key global Additive Manufacturing & Material companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.To project the value and sales volume of Additive Manufacturing & Material submarkets, with respect to key regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Additive Manufacturing & Material are as follows:History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025This report includes the estimation of market size for value (million US$) and volume (K MT).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Additive Manufacturing & Material market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2018 is considered as the base year.
