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Aerospace 3D Printing Market Innovations and Opportunities

Aerospace 3D Printing Market by Offerings(Printers, Materials, Services, Software), Technology, Platform(Aircraft, UAVs, Spacecraft), Application(Prototyping, Tooling, Functional Parts), End Product, End User(OEM, MRO), & Region (2021-2026)<br>

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Aerospace 3D Printing Market Innovations and Opportunities

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  1. (/) Aerospace 3D Printing Market RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) Search Reports  HOME (/) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) HOME (/) ❯ TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)❯ AEROSPACE 3D PRINTING MARKET GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE Aerospace 3D Printing Market by Offerings(Printers, Materials, Services, Software), Technology, Platform(Aircraft, UAVs, Spacecraft), Application(Prototyping, Tooling, Functional Parts), End Product, End User(OEM, MRO), & Region (2021-2026) (/Knowledgestore.asp#request_free_trial)  FREE BROCHURE (/pdfdownloadNew.asp?id=7890041)  FREE SAMPLE REPORT (/requestsampleNew.asp?id=7890041) Report Code: AS 5201Nov, 2021, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=7890041) The Aerospace 3D Printing Market projected to reach USD 4.7 billion by 2026, it is expected to grow at a CAGR of 19.4% during the forecast period. The demand for aerospace 3D printing is projected to be driven by the low volume production of aircraft components in the aerospace industry, rising demand for lightweight components, the need to reduce the production time of components, and the requirement for cost-efficient and sustainable products. The requirement for rapid prototyping is expected to fuel the growth of the aerospace 3D printing market during the forecast period. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  2. To know about the assumptions considered for the study, Request for Free Sample Report (https://www.marketsandmarkets.com/requestsampleNew.asp?id=7890041) COVID-19 Impact on the Global Electric Aircraft Market (/) COVID-19 has affected almost every industry, especially aerospace. The immediate drop in the demand to manufacture aircraft and disruptions in raw materials have adversely affected the industry. Limitations in cross- border movements, disruptions in manufacturing and transportation, constrained supply chains triggering supply delays, and massive slowdowns in production over the first quarter of 2020 have also affected the industry. Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) In commercial aviation, companies are experiencing disruptions in production and a slump in demand due to the lack of laborers, less travel by passengers, and customers postponing the delivery of new aircraft. Demand for spare parts is also down as less maintenance is required. According to the Boeing 2019 Q2 report, the revenues for the first half (H1) 2019 vs. H1 2018 were down 19% and commercial aircraft deliveries for the same time were down 37%. Aerospace 3D Printing Market Dynamics Drivers: Demand for lightweight parts and components from aerospace industry Aircraft, rockets, satellites, and their relative components are considerably heavy, which mainly increases the cost of their operations. A heavy aircraft consumes more fuel and incurs additional costs in terms of environmental pollution through high carbon dioxide emissions. It has been observed that fuel costs comprise around 35% of the total costs of airline operators. 3D printing (https://www.marketsandmarkets.com/Market-Reports/3d-printing- market-1276.html) can be used to manufacture engine parts, fuselage parts, and other relative parts used in an aircraft. For instance, Airbus Group uses DMLS 3D printing technology to create improved nacelle hinge brackets fitted in the Airbus A320. This has reduced the weight of the aircraft�s parts by 30% to 50% while keeping their strength and performance intact. The use of this technology has reduced the weight of the aircraft by 10 kilograms. Satellites with less physical weight are given higher preference in space missions as their weight directly affects the costs involved in manufacturing components. For instance, if the weight of a satellite component is 1 kilogram, it would cost the satellite manufacturer around USD 21,000 to put it into orbit. Materialise NV (Belgium) manufactured titanium components, which are 66% lighter using 3D printing, rather than conventional manufacturing. On May 2021, NASA announced a partnership of its Robotic Deposition Technology (RDT) team with Aerojet Rocketdyne, an American rocket and missile propulsion manufacturer, to advance its 3D printing, specifically metal additive manufacturing, technologies. Opportunities: Development of advanced 3D printing technologies requiring less production time The traditional processes employed for the manufacturing of aerospace components take more time as compared to 3D printing. The development of new 3D printing technologies allows quicker production of parts and components, which may otherwise take months or years to be manufactured, thereby reducing their production time. CLIP (Continuous Liquid Interface Production) is one of the recent 3D printing technologies used for manufacturing parts and objects through continuous production. It eliminates layer by layer processes, unlike other 3D printing technologies, such as SLA and SLS. Another technology is DMLS, which uses powdered metals instead of powdered thermoplastics for creating metal components. These technologies can develop products at a rate hundred times faster than other 3D printing technologies. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  3. Challenges: High volume production of aerospace components is slower as compared to traditional manufacturing In traditional manufacturing of aerospace components, an increase in production volume results in reduced manufacturing costs, while the speed at which the production is carried out remains intact. However, in 3D printing technology, the manufacturing costs increase along with an increase in the production scale, thus making the technology more suitable for low production volume. The costs involved in running and procuring 3D printing machines and the cost of raw materials used in 3D printing are higher compared to those in the case of conventional manufacturing. This factor poses a challenge to the growth of the aerospace 3D printing market, although it can be overcome by reducing the costs of raw materials used for 3D printing. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) The need for cost-efficient custom printing and manufacturing would be one of the factors leading to the growth of the offerings segment. The printer segment is expected to dominate the segment in the initial years of the forecasted period. The service segment is expected to lead the market by 2026 over the printer segment. The need for cost-efficient custom printing and manufacturing would be one of the factors leading to the growth of the segment. Most companies would outsource additively manufactured parts to 3D printing companies and need extensive after-sales service once the demand for 3D printed parts increases. These factors would lead to the growth of the service segment in the market. The Material Extrusion or Fusion Deposition Modeling (FDM) segment is projected to witness the highest CAGR during the forecast period. Based on technology, the Material Extrusion or Fusion Deposition Modeling (FDM) segment is expected to dominate the aerospace 3D printing market The extrusion process is fast and efficient at producing large volumes of continuous shapes in varying lengths with minimum wastage. The ability to manufacture complex shapes with varying thickness, textures, and colors is a major advantage of this process. The Aircraft Segment is projected to witness the highest CAGR during the forecast period. Based on platform, The aircraft segment is projected to dominate the aerospace 3D printing market, by platform, during the forecast period. The maximum number of developments would occur on an aircraft. The need for lightweight, cost-efficient aircraft and the need for fast manufacturing of complex parts would drive the adoption of 3D printers in aircraft manufacturing (https://www.marketsandmarkets.com/Market-Reports/aircraft-line- maintenance-market-114689508.html). The engine component segment is projected to witness the highest market share during the forecast period Based on the end products, the engine components segment is witnessing the highest market share for the aerospace 3D printing market during the forecast period. Ease of designing, improved strength, lightweight, and durability of the components manufactured, as well as their cost-effectiveness, contribute to the growth of end products The functional parts is projected to witness the highest CAGR during the forecast period Based on application, The prototyping segment is projected to lead the aerospace 3D printing market from 2021 to 2026. However, the functional parts segment is expected to grow at the largest CAGR during the forecast period. The growth of the functional parts segment can be attributed to the advancements in 3D printing technology and the increasing adoption of 3D printers into manufacturing processes across industries. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  4. The North American market is projected to contribute the largest share from 2021 to 2026 The North American region is estimated to account for the largest share of 47.7% of the global aerospace 3D printing market in 2021. It is projected to record a CAGR of 18.6% during the forecast period, driven by the increasing adoption of 3D printing technology for manufacturing complex 3D components that are light in weight. Moreover, manufacturers of aircraft components and aircraft are switching to 3D printing technology to produce low-volume parts, thus fueling the growth of the aerospace 3D printing market. HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) (/) Sign In (https://www.marketsandmarkets.com/signin.asp)  CAREERS (/CAREER.ASP) To know about the assumptions considered for the study, download the pdf brochure (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=7890041) The key manufacturers in the aerospace 3D printing market include Stratasys Ltd. (U.S.), 3D Systems Corporation (U.S.), EOS GmbH (Germany), Norsk Titanium AS (Norway), Ultimaker B.V. (Netherlands), and EnvisionTec GmbH (Germany), etc. Aerospace 3D Printing Market Report Scope: Report Metric Details Estimated Market Size Revenue Forecast in 2030 Growth Rate Forecast period USD 1.9 Billion USD 4.7 Billion 19.4% 2021-2030 We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  5. 2017�2030 Market size available for years Base year considered 2020 Forecast units Value (USD Million) (/) Segments covered ABOUT US (/ABOUTUS-8.HTML) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) By Offerings, By Platform, By Technology, By Application, By End Product, By End User, Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) CAREERS (/CAREER.ASP) Geographies covered North America Europe Asia Pacific Rest of the World Companies covered Stratasys Ltd. (U.S.), 3D Systems Corporation (U.S.), EOS GmbH (Germany), Norsk Titanium AS (Norway), Ultimaker B.V. (Netherlands), and EnvisionTec GmbH (Germany), The study categorizes the aerospace 3D printing market based on Type, System, Aircraft Type, End User, and Region. By Offerings Printers Materials Services Software By Technology Polymerization Powder Bed Fusion Material Extrusion Or Fusion Deposition Modeling (Fdm) Others By Platform Aircraft UAVs Spacecraft By End Product Engine Components Structural Components Others By End User OEM MRO We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  6. By Application Prototyping Tooling Functional Parts (/) By Region HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) North America Asia Pacific Europe Rest of the World Recent Developments In May 2021, Materialise announced its qualification by Airbus to manufacture flight-ready parts using laser sintering technology. The material used in the process, produced by EOS, is a flame-retardant polyamide (PA 2241 FR). With this development, Materialise, and EOS became the first suppliers to be qualified by Airbus to produce laser sintered parts under the Airbus Process Specification AIPS 03-07-022. Materialise now offers two 3D printing technologies approved by Airbus for flight-ready parts. In December 2020, Norsk Titanium announced production deliveries of new Boeing 787 Dreamliner components to Leonardo�s Grottaglie Plant, based in South Italy and part of Leonardo�s Aerostructures Division. This delivery adds a third production customer to Norsk�s growing commercial aerostructures customer base and represents Norsk�s first recurring production order from a European Union-based Aerospace company. In June 2019, Stratasys entered into a seven-year agreement with Boom Supersonic, a Colorado-based company that builds the fastest supersonic airliner, to accelerate the adoption of additive manufacturing for 3D-printed flight hardware. Frequently Asked Questions (FAQ):  What are your views on the growth prospect of the aerospace 3D printing market?  What are the key sustainability strategies adopted by leading players operating in the aerospace 3D printing market?  What are the new emerging technologies and use cases disrupting the aerospace 3D printing market?  Who are the key players and innovators in the ecosystem of the aerospace 3D printing market?  Which region is expected to hold the highest market share in the aerospace 3D printing market? To speak to our analyst for a discussion on the above findings, click Speak to Analyst (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=7890041) Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions. (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  7. (/requestCustomizationNew.asp?id=7890041) (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) ABOUT US (/ABOUTUS-8.HTML) Instant Answers with GPT - Ask Now! CONTACT US (/CONTACTUS.ASP) CAREERS (/CAREER.ASP) Ask real questions. Get complete answers ! Type Your Question Get recent trends delivered to your inbox Overtake your competition with ease. STAY TUNED (/PRACTICES/STAY-TUNED.ASP) REPORT CODE AS 5201 PUBLISHED ON NOV, 2021  REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=7890041) CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 BUY NOW (/Purchase/purchase_reportNew.asp?id=7890041) Request New Version (/RequestNewVersion.asp?id=7890041) Inquire Before Buying (/Enquiry_Before_BuyingNew.asp?id=7890041) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  8. ADJACENT MARKETS 3D Printing Plastics Market (/Market-Reports/3d-printing-plastic-market-21707470.html) (/) 3D Printing Filament Market (/Market-Reports/3d-printing-filament-market-267169690.html) HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp)  CAREERS (/CAREER.ASP) Automated 3D Printing Market (/Market-Reports/automated-3d-printing-market-240322858.html) 3D Printing Metals Market (/Market-Reports/3d-printing-metal-market-34714085.html) 3D Printing Powder Market (/Market-Reports/3d-printing-powder-market-175839179.html) REQUEST BUNDLE REPORTS (/RequestBundleReport.asp?id=7890041)  (mailto:sales@marketsandmarkets.com) SHARE  (https://www.facebook.com/sharer/sharer.php?u=https://www.marketsandmarkets.com/Market- Reports/aerospace-3d-printing-market-7890041.html)  (https://www.twitter.com/share?url=https://www.marketsandmarkets.com/Market-Reports/aerospace-3d- printing-market-7890041.html)  (https://www.linkedin.com/shareArticle?mini=true&url=https://www.marketsandmarkets.com/Market- Reports/aerospace-3d-printing-market-7890041.html) X (/requestCustomizationNew.asp?id=7890041) (/speaktoanalystNew.asp?id=7890041) Speak to Analyst OR FACE-TO-FACE MEETING PERSONALIZE THIS RESEARCH Triangulate with your Own Data Get Data as per your Format and Definition Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor Any level of Personalization REQUEST A FREE CUSTOMIZATION (/requestCustomizationNew.asp?id=7890041) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  9. LET US HELP YOU! What are the Known and Unknown Adjacencies Impacting the Aerospace 3D Printing Market (/) What will your New Revenue Sources be? Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) ABOUT US (/ABOUTUS-8.HTML) Who will be your Top Customer; what will make them switch? RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) CAREERS (/CAREER.ASP) Defend your Market Share or Win Competitors Get a Scorecard for Target Partners CUSTOMIZED WORKSHOP REQUEST (/FreeWorkshop.asp?id=7890041) +1-888-600-6441 (Corporate office hours) +1-888-600-6441 (US/Can toll free) Call Us +44-800-368-9399 (UK office hours) CONNECT WITH US (https://www.linkedin.com/company/marketsandmarkets) (https://www.facebook.com/pages/Market- Research- Report/171919766173321) New Reports (/new-reports.asp)Research Insight (/Research-Insight.html) (https://twitter.com/marketsmarkets) (https://blog.marketsandmarkets.com) (https://www.marketsandmarkets.com/feeds/feeds.xml) (https://www.youtube.com/channel/UCF2TjAy2gyENMNkd2QvrI6g) Top Market Reports (/top-market-reports.asp)Conferences (/conferences.html)Press Releases (/press-release-2.html)SiteMap (/sitemap.html) XML (/sitemap.xml)Feeds (/feeds/feeds.xml)Blog (https://blog.marketsandmarkets.com/)Careers (/Career.asp) Disclaimer (/Disclaimer.asp)Privacy Policy (/Privacy-12.html)Terms and Conditions (/Terms-13.html) ©2023 MarketsandMarkets Research Private Ltd. All rights reserved ABOUT TRUST ONLINE (https://www.dmca.com/Protection/Status.aspx?ID=512a6ded-1d0f-4215-a661- d50c1031e201&refurl=file:///srv/doc2pdf/var/files/webpageToPdf_63e37c120c7363d57382b2aad843c921_2397623836866900579.html) Website Feedback We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

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