Global Aerospace 3D Printing Market Overview:
3D printing technology, also known as accompaniment manufacturing technology, is a close combination of information network technology, advanced material technology, and digital manufacturing technology. It is an integral part of the advanced manufacturing industry. Its deep integration with information network technology provides development for all walks of life.
Global Aerospace 3D Printing Market Insights
The global aerospace 3D printing market expected to increase market value by USD 5.4 billion with bolstering CAGR in the forecast period from 2020-2027. The increasing use of 3D printing in the aerospace industry to reduce the traditional methods, increasing fuel efficiency, and reduce material usage boosts the global aerospace 3D printing
market. The realization of ultra-complex geometric shapes significantly promotes the application of 3D printing technology. The technology can achieve continuous 3D printing by finding a balance between the triggering effect of ultraviolet light on photopolymerization and the inhibitory effect of oxygen on the same. Moreover, With the rapid development of 3D printing technology, the government, the military, and other agencies have issued policies to support the development and application of 3D printing technology, making the use of 3D printing technology in the aerospace field more extensive and in-depth. With the increasing depth of application of 3D printing technology, around equipment maintenance and support, the trend of deploying 3D printing in the front end of the supply chain increases. Maintenance bases, space stations, and battlefield frontiers are becoming more apparent, which will undoubtedly change the existing equipment maintenance mode and security system.
Reduce production cost of manufacturing process
Traditional manufacturing methods, compared with 3D printing
technology, can significantly reduce production costs and break through the limitations of conventional manufacturing processes on complex shapes. It brings a revolutionary change in the concept of production and processing, which has promoted the global aerospace industry. The development has played an important role and has technology advantages such as speed, convenience, and low cost. It still faces application challenges, such as quality assurance, intellectual property rights, personnel training, and information security.
Reduces the weight and increase service life
The application of 3D technology can improve the structure of complex parts. Under the presumption of ensuring performance, the complex structure is transformed into a simple structure after transformation, reducing weight. By optimizing the parts’ structure, the stress of the components can be shown in the most reasonable distribution, reducing the risk of fatigue cracks, thereby increasing the service life. Temperature control can be achieved through a reasonably complex internal flow channel structure, which optimizes the design and use of materials or realizes the free forming of different parts of parts through the compounding of materials to meet the use standards.
By Vertical Segmental Analysis
Based on the vertical, the global aerospace 3D printing market bifurcated into Printers, Materials. The materials segment is dominating the maximum share of the global aerospace 3D printing market in the forecast period. It is mainly due to 3D printing materials are an indispensable part of the 3D printing industry. The technical level of 3D printing materials directly affects the development of the 3D printing industry. 3D printing can not only manufacture products individually at a time, but also create a large number of customized products, which can save a lot of time, reduce waste, and save costs. The product produced in this way will also be lighter, but the function is equally compelling, not inferior to the functional strength created by traditional methods.
By Industry Segmental Analysis
Based on the industry, the global aerospace 3D printing market segmented into UAV
, Aircraft, Spacecrafts. The aircrafts segment dominates the market share for the global aerospace 3D printing market. It is mainly due to the design and development of new-generation aircraft, which are highly fuel-efficient and use advanced material without compromising the strength and aerodynamics of aircraft. The weight of the aircraft is an indispensable perspective of every phase; thus, it is customized lightweight material and advanced material like 3D printing used for next-generation aerospace and defense solutions.
Application Segmental Analysis
Based on the application, the global aerospace 3D printing market segmented into Engine Component, Space Component, Structural Component. The engine segment is capturing the highest share in the forecast period from 2020-2027. It is mainly due to the adoption of 3D printing technologies to build precision and high-quality aerospace components for manufacturing aircrafts engines. The use of 3D printing in the aircraft’s engine helps operate faster and less expensive than the traditional manufacturing process.
By Printer Technology Segmental Analysis
Based on the printer technology, the global aerospace 3D printing market categorized into DMLS, FDM, CLIP, SLA, SLS, Others. The direct metal laser sintering (DMLS) segment will have the highest share in the forecast period from 2020-2027. DMLS technology possesses lightweight, excellent welding characteristics, and corrosion-resistant, which fuels the aerospace industry’s high demand. Moreover, the component made from DMLS technology is capable of making complex geometry structure.
By Region Segmental Analysis
Based on geography, the global aerospace 3D printing market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is the world’s fastest-growing global aerospace 3D printing market, accounting for the largest share. It is mainly due to the high adoption of 3D printing technology is used in making aircraft, rising modernization program in existing aircraft, adoption of new technology is bolstering demand in North America.
Companies such as Stratasys Ltd., 3D Systems Corporation, The ExOne Company, EOS GmbH, Arcam AB, Ultimaker B.V., Höganäs AB, Materialise NV and others are players for global aerospace 3D printing market.
- Market research and consulting firms
- Industry associations
- Global aerospace 3D printing manufacturing companies
- Research organizations and consulting companies’ aerospace 3D printing
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling By Vertical By Industry
By Printer Technology
- Engine Component
- Space Component
- Structural Component
- North America
- Asia Pacific
- South America
- Middle East & Africa