Aerospace 3D Printing Market
- Id : RNR-186104
- Category : Defence Aeronautics
- Publish Date : 14-Nov-2017
- Publisher : Research-N-Reports
- Pages : 150
- Format : PDF
Research N Reports has added a new research report, titled “Aerospace 3D Printing Market by Material Type (Plastics, Metals, Ceramics, Others); by Material Application (Engine, Structural Components, Space Components); by Form (Filament, Powder, Liquid); by Process (Binder Jetting, Material Extrusion, Direct Energy Deposition, Powder Bed Fusion, Sheet Lamination, Material Jetting, Vat Photo-Polymerization); by Printers Technology (Stereo Lithography (SLA), Selective Laser Sintering (SLS), Fuse Deposition Modeling (FDM), Direct Metal Laser Sintering (DMLS), Polyjet Printing, Inkjet Printing, Laminated Object Manufacturing, Digital Light Processing (DLLP), Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Continuous Liquid Interface Production (CLIP)); by Application (Aircraft, UAV, Spacecraft); by Regions (North America, Europe, Asia-Pacific (APAC), Middle East & Africa and Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025” 3D printing is a new technology that has come up with the potential to transform the way enterprises build new products, including parts for defense and aerospace. This new manufacturing process is known as 3D printing or additive manufacturing. This technology includes manufacturing physical objects by printing one layer at a time, using special material deposition devices and digital models. This generation?s 3D printing equipment has evolved in a short span of time and is capable of producing complex components among different types of materials which includes titanium, steel, aluminum, and different variety of plastics. Thus because of its potential, 3D printing is gaining importance in various manufacturing and fabricating sectors. In terms of revenue, the Aerospace 3D Printing Market stood at US$ 51.46 Mn in 2016 and is anticipated to reach US$ 221.59 Mn by 2025, growing at a CAGR of 17.6% from 2017 to 2025. The Global Aerospace 3D Printing Market is enhanced by factors such as: ? Efficient use of raw materials. ? Customizable product creation. ? Reduction of errors while manufacturing of parts. The 3D printing technology in the aerospace sector, generally in plastic, has developed into a mainstream prototype fabrication practice of aerospace parts. This technology empowers designers to skip the fabrication of tools and go straight to finished parts. Among material application segments, the space components segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors contributing to the market segment?s growth is the increasing demand for production of lightweight and smaller engine components. Among applications, the aircraft segment is projected to lead the Aerospace 3D Printing Market during the forecast period. The growth of the segment can be accredited to rising number of aircrafts to cater to the increasing air passenger traffic across the globe. Increasing adoption of 3D printing technology for the development of lightweight components and parts of aircrafts is also expected to drive the growth of this segment over the prognosis period. From the geographical point of view, North America was the market leader in the year 2015. 3D printing is generally used in major industrial manufacturing sectors such as aerospace & defense, and healthcare companies. Continuous technological developments and monetary support from the government is also propelling the global market in the region. The market in Asia Pacific is expected to grow at a prime rate during the forecast period from 2017 ? 2025. This tremendous growth can be attributed to government funding and initiatives in research and development in the region. Some of the significant players functioning in the Global Aerospace 3D Printing Market include Stratasys Ltd., 3D Systems Corporation, The ExOne Company, EOS GmbH, Arcam AB, Ultimaker B.V., H?gan?s AB, and Materialise NV, Airbus B.V., Boeing, Rolls-Royce (U.K.), Pratt & Whitney, and GE Aviation, among others.