Aerospace Additive Manufacturing Market Overview

  • Additive manufacturing (AM) is a technology for creating three-dimensional objects using a computer-aided design (CAD) model. The product is designed with successive layers based on the cad design in this addictive manufacturing process. To finish the product, the additive manufacturing process does not require advanced tooling; it only requires a few tools. In addition, the AM process is different from traditional manufacturing.
  • Forming, such as shaping and bending, and subtractive processes, such as milling, cutting, and drilling, are common in traditional manufacturing. The global Aerospace Additive Manufacturing market is projected to grow at a significant rate in the forthcoming period.
  • The global aerospace additive manufacturing market is being propelled by factors such as rising demand for green manufacturing and a growing concern for reducing carbon footprint through aircraft weight reduction. Another important growth driver for the global market is additive manufacturing’s increased efficiency in manufacturing crucial aerospace parts.
  • Over earlier manufacturing methods, additive manufacturing offers several advantages such as flexible design, a shorter production cycle, a smaller resource requirement, and significant tooling cost savings.
  • This is resulting in a high value and increased industry interest. As a result of the growing need for contemporary aircraft and increased air passenger traffic, the global aerospace additive manufacturing market will present many potential prospects.
  • During the research period, the global aerospace additive manufacturing market exhibited significant potential for growth. However, the high costs of essential materials, as well as the high cost of installation, may limit the global market’s growth.
Report Metric Details

 
Market size available for years 2019–2027
Base year considered 2019
Forecast period 2020–2027
Forecast unit Value (USD Million)
Segments covered Application, Platform, Technology, Material Type, and Region.
Regions covered North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered Arcam AB, 3D Systems, CRP Technology srl, Concept Laser GmbH, CRS Holdings Inc, Optomec, Inc., Stratasys, Ltd., ExOne, SLM Solutions Group AG.

 

Covid-19 Impact on Aerospace Additive Manufacturing Market

  • As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft.
  • Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.

Aerospace Additive Manufacturing Market Segment Overview

  • Based on Application, the Engine is one of the largest segments in the global Aerospace Additive Manufacturing market. It is expected that this segment shows remarkable growth in the coming period. According to Platform, the aircraft is one of the most prominent segments in the market.
  • This segment has been sub-classified into rotary-wing and fixed-wing. Currently, the unmanned aerial vehicle segment is expected to generate a higher CAGR during the estimated period. Based on Technology, the 3d printing technology is segment has noteworthy growth in the coming period. By Material Type, the metal alloy segment dominated the global Aerospace Additive Manufacturing market.

Aerospace Additive Manufacturing Market, By Application

  • Structural
  • Engine
  • Others

Aerospace Additive Manufacturing Market, By Platform

  • Spacecraft
  • Aircraft
  • Unmanned aerial vehicle

Aerospace Additive Manufacturing Market, By Technology

  • Laser sintering
  • 3d printing
  • Electron beam melting
  • Fused deposition modeling
  • Stereo lithography

Aerospace Additive Manufacturing Market, By Material Type

  • Plastic
  • Rubber
  • Metal alloy
  • Others

Aerospace Additive Manufacturing Market Regional Overview

  • In the global aerospace additive manufacturing market, the region is categorized into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.  North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period.
  • This is due to the presence of the most prominent companies like 3d systems, inc. and Stratasys Ltd. Furthermore, the market in the Asia Pacific is projected to rise at a considerable rate in the forecast period.

Aerospace Additive Manufacturing Market, By Geography

  • North America (US & Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
  • LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Aerospace Additive Manufacturing Market, Key Players

  • Arcam AB
  • 3D Systems
  • CRP Technology srl
  • Concept Laser GmbH
  • CRS Holdings Inc
  • Optomec, Inc.
  • Stratasys, Ltd.
  • ExOne
  • SLM Solutions Group AG

Aerospace Additive Manufacturing Market Study Global Market Analysis, Insights and Forecast, 2022-2028

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Key Emerging Trends – For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Industry SWOT Analysis
    • Porters Five Forces Analysis
  5. Global Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Application
      • Structural
      • Engine
      • Others
    • Market Analysis, Insights and Forecast – By Platform
      • Spacecraft
      • Aircraft
      • Unmanned aerial vehicle
    • Market Analysis, Insights and Forecast – By Technology
      • Laser sintering
      • 3d printing
      • Electron beam melting
      • Fused deposition modeling
      • Stereo lithography
    • Market Analysis, Insights and Forecast – By Material Type
      • Plastic
      • Rubber
      • Metal alloy
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America, Middle East and Africa
  1. North America Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Application
      • Structural
      • Engine
      • Others
    • Market Analysis, Insights and Forecast – By Platform
      • Spacecraft
      • Aircraft
      • Unmanned aerial vehicle
    • Market Analysis, Insights and Forecast – By Technology
      • Laser sintering
      • 3d printing
      • Electron beam melting
      • Fused deposition modeling
      • Stereo lithography
    • Market Analysis, Insights and Forecast – By Material Type
      • Plastic
      • Rubber
      • Metal alloy
      • Others
    • Market Analysis, Insights and Forecast – By Country
      • S.
      • Canada
  1. Europe Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Application
      • Structural
      • Engine
      • Others
    • Market Analysis, Insights and Forecast – By Platform
      • Spacecraft
      • Aircraft
      • Unmanned aerial vehicle
    • Market Analysis, Insights and Forecast – By Technology
      • Laser sintering
      • 3d printing
      • Electron beam melting
      • Fused deposition modeling
      • Stereo lithography
    • Market Analysis, Insights and Forecast – By Material Type
      • Plastic
      • Rubber
      • Metal alloy
      • Others
    • Market Analysis, Insights and Forecast – By Country
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  1. Asia Pacific Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Application
      • Structural
      • Engine
      • Others
    • Market Analysis, Insights and Forecast – By Platform
      • Spacecraft
      • Aircraft
      • Unmanned aerial vehicle
    • Market Analysis, Insights and Forecast – By Technology
      • Laser sintering
      • 3d printing
      • Electron beam melting
      • Fused deposition modeling
      • Stereo lithography
    • Market Analysis, Insights and Forecast – By Material Type
      • Plastic
      • Rubber
      • Metal alloy
      • Others
    • Market Analysis, Insights and Forecast – By Country
      • China
      • India
      • Japan
      • Australia
      • South East Asia
      • Rest of Asia Pacific
  1. Latin America, Middle East and Africa Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Application
      • Structural
      • Engine
      • Others
    • Market Analysis, Insights and Forecast – By Platform
      • Spacecraft
      • Aircraft
      • Unmanned aerial vehicle
    • Market Analysis, Insights and Forecast – By Technology
      • Laser sintering
      • 3d printing
      • Electron beam melting
      • Fused deposition modeling
      • Stereo lithography
    • Market Analysis, Insights and Forecast – By Material Type
      • Plastic
      • Rubber
      • Metal alloy
      • Others
    • Market Analysis, Insights and Forecast – By Country
      • Brazil
      • Saudi Arabia
      • UAE
      • Rest of LAMEA
  1. What are the driving factors for the Aerospace Additive Manufacturing market?

Answer- The global aerospace additive manufacturing market is being propelled by factors such as rising demand for green manufacturing and a growing concern for reducing carbon footprint through aircraft weight reduction.

  1. What are the restraining factors for the Aerospace Additive Manufacturing market?

Answer- The high costs of essential materials as well as the high cost of installation may limit the global market’s growth.

  1. Which segment is projected to hold the largest share in the Aerospace Additive Manufacturing Market.

Answer- Engine segment is projected to hold the largest share in the Aerospace Additive Manufacturing Market.

  1. Which region is holds largest share in the Aerospace Additive Manufacturing market?

Answer- North America held largest share in the global Aerospace Additive Manufacturing market.

  1. Which are the prominent players in the Aerospace Additive Manufacturing Market?

Answer- Arcam AB, 3D Systems, CRP Technology srl, Concept Laser GmbH, CRS Holdings Inc, Optomec, Inc., Stratasys, Ltd., ExOne, SLM Solutions Group AG.  are some key players in the Aerospace Additive Manufacturing Market.