VANCOUVER, BC, February 8, 2022 /PRNewswire/ — The Global aerospace 3D printing market size should reach $11.98 billion in 2028 and register a rapid CAGR of 26.6% over the forecast period, according to the latest analysis from Emergen Research. The rapid revenue growth rate of the global aerospace 3D printing market can be attributed to the growing demand for 3D printing technology to manufacture complex aerospace components. 3D printing in the aerospace industry finds extensive application in the production of complex components using a variety of materials such as plastics, composites and metals, including steel, titanium, nickel, chrome and aluminum. For example, GE Aviation uses 3D printing to produce fan blade edges with intricate shapes to optimize airflow.
Materials such as Inconel 718 (a nickel and chromium alloy) and titanium Ti6Al4V are used in aircraft production to provide superior flexibility in terms of geometry optimization and to create additional space for the innovation and the exploration of new designs. Additionally, the use of 3D printing technology in the aerospace industry allows designers to achieve maximum performance without considering production limitations.
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In December 2020Stratasys Ltd. has reached an agreement to buy Origin Inc., a startup providing 3D printing solutions, worth $100.0 million. The acquisition aims to allow Stratasys to expand its ability to mass produce parts using an innovative photopolymer platform.
An important advantage of molten deposition modeling is its ease of scalability. Additionally, the Fused Deposition Modeling Printer can print a wide variety of thermoplastic materials and filaments with relatively few modifications and upgrades.
Aerospace 3D printing is beneficial for improving aircraft design. The increasing sophistication and advancements in 3D printing software allow engineers to optimize designs for aircraft parts that can be 3D printed. Such design improvements help reduce the life cycle cost of the aircraft by improving engine efficiency, decreasing aircraft mass and reducing drag.
Aerospace 3D printing enables the manufacture of a variety of components using a wide range of raw materials, increasing production efficiency and improving supply chain management lead times.
Asia Pacific Revenues are expected to register the fastest growth rate over the forecast period, owing to increasing disposable income, increasing air traffic volumes and increasing demand for new aircraft.
Some major companies in the market report include Stratasys Ltd., Höganäs AB, EOS GmbH, Norsk Titanium AS, MTU Aero Engines AG, 3D Systems Corporation, Materialize NV, Ultimaker BV, EnvisionTEC GmbH, and ExOne.
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Emergen Research has segmented the Global Aerospace 3D Printing Market on the basis of Component, Technology, Application and Region:
Components Outlook (Revenue, USD Million; 2018-2028)
Technology Outlook (Revenue, USD Million; 2018-2028)
Application Outlook (Revenue, USD Million; 2018-2028)
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