Aerospace 3D Printing Market Overview on Emerging Scope 2024


3D part printing is a new technology that has the potential to transform the way companies build new products, including defense and aerospace parts. This new manufacturing process is known as 3D printing or additive manufacturing. This technology involves making physical objects by printing one layer at a time, using special material deposition devices and digital models. The 3D printing equipment of this generation has evolved in a short time and is capable of producing complex components among different types of materials, including titanium, steel, aluminum and different varieties of plastics. Thus, due to its potential, 3D printing is gaining prominence in various manufacturing and manufacturing sectors.

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The aerospace industry recognizes the unique competence of 3D printing and is looking for ways to harness these skills. For example, Boeing uses 3D printing to manufacture plastic interior parts from nylon and polyetherimide for its test and prototype evaluation units. Boeing uses 3D printing technology to quickly manufacture tools for manufacturing composite parts. In addition, aerospace company Pratt & Whitney is investing heavily in a state-of-the-art 3D manufacturing center in association with the University of Connecticut. 3D printing technology in the aerospace industry, usually made of plastic, has become standard practice for manufacturing aerospace parts prototypes. This technology allows designers to skip tool manufacturing and go straight to finished parts. While printing a prototype component can take several hours, it is still considerably faster than the manufacturing tools that are then used to fabricate prototype parts. This ability to quickly prototype allows engineers to authenticate design concepts much faster, thereby speeding up the overall improvement process.

The main drivers of the aerospace 3D printing market are factors such as efficient use of raw materials, precision, creation of customizable products, and reduction of errors during part manufacturing. The above-mentioned factors will push the 3D printing market towards its growth during the forecast period of 2016 to 2024.

The aerospace 3D printing market can be segmented into six major categories. By material type, shape, process, technology, software and application. By material, the aerospace 3D printing market can be further segmented into plastics, metals, ceramics and others. By form, the market is segmented into filament, powder, and liquid. By process, the market has been segmented into binder blasting, material extrusion, direct energy deposition, powder bed melting, sheet lamination, material blasting, and tank light curing. By technology, the market has been further divided into stereo lithography, selective laser sintering (SLS), fuse deposition modeling, direct metal laser sintering (DMLS), polyjet printing, inkjet printing, laminated object manufacturing, digital light processing (DLLP), electron beam fusion (EBM) and laser metal deposition (LMD). In addition, the global aerospace 3D printing market has been divided into five regions; these are North America, Asia-Pacific, Middle East, Europe, Africa and Latin America.

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North America was the market leader in aerospace 3D printing in 2015. 3D printing is typically used in major industrial manufacturing sectors such as aerospace and defense and healthcare companies. For example, GE uses laser 3D printers to manufacture products and parts for the aerospace industry. Ongoing technological developments and government financial support are also propelling the aerospace 3D printing market in the North America region. The aerospace 3D printing market in Asia-Pacific is expected to grow at a preferential rate during the forecast period of 2016 to 2024. This considerable growth can be attributed to funding and government initiatives in research and development in the Asia-Pacific region.

The main players in this industry are EOS GmbH (Germany), Organovo Holdings Inc (United States), 3D Systems Corporation, Stratasys Ltd (United States), Solvay SA (Belgium), Sandvik (Sweden) and Höganäs AB (Sweden) among others.

This TMR study is a comprehensive framework of market dynamics. It primarily includes a critical assessment of consumer or customer journeys, current and emerging leads, and a strategic framework for enabling CXOs to make effective decisions.

Our key foundation is the 4-quadrant EIRS framework which offers detailed visualization of four elements:

  • Customer EExperience cards
  • Idata driven insights and research tools
  • Actionable Rresults to meet all business priorities
  • SStrategic frameworks to boost the growth path

The study endeavors to assess the current and future growth prospects, untapped avenues, factors shaping their income potential, and demand and consumption patterns in the global market by dividing them into a regional assessment.

The following regional segments are comprehensively covered:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report summarizes our wide range of data-driven research and advice for CXOs to help them make better decisions for their businesses and remain leaders.

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