The Global Aerospace Additive Manufacturing Market 2023 Research Report is a professional and in-depth study of the current state of Aerospace Additive Manufacturing Market.
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.
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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.
|Market size available for years||2023–2030|
|Base year considered||2023|
|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.|
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
Aerospace Additive Manufacturing Market, By Platform
· 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
· Metal alloy
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.
· SLM Solutions Group AG
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