Aerospace 3D Printing Market Innovations and Opportunities

1
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CONTACT US (/CONTACTUS.ASP) HOME (/) ? TOP MARKET
REPORTS (/TOP-MARKET-REPORTS.ASP) ? AEROSPACE
3D PRINTING MARKET GLOBAL TOP 2000 STRATEGIST
RELY ON US FOR THEIR GROWTH STRATEGIES. KANeOrWoMs
OpREace(/K3noDwlePdgreisntotrei.nasgprMequaerskt_
ferete_btriyal) Offerings(Printers, Materials,
Services, Software), Technology,
Platform(Aircraft, UAVs, Spacecraft),
Application(Prototyping, Tooling, Functional
Parts), End Product, End User(OEM, MRO), Region
(2021-2026) FREE BROCHURE (/pdfdownloadNew.asp?id
7890041) FREE SAMPLE REPORT (/requestsampleNew.asp
?id7890041) Report Code AS 5201Nov, 2021, by
marketsandmarkets.com DESCRIPTION TABLE OF
CONTENTS METHODOLOGY DOWNLOAD PDF
(/PDFDOWNLOADNEW.ASP?ID7890041) 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.
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ptions considered for the study, Request for Free
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To know about the assum (https//www.marketsand C
OVID-19 Impact on the
Global Electric Aircraft Market
(/)
COVID-19 has affected almost every industry,
especially aerospace. The immediate drop in the
demand to HmOaMnE u(/)facAtBuOrUeTaUiSrc(r/AaBftO
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taFItNioGnS,.HcToMnL)strCaAinREeEdRSsu(/pCApRlyEEc
Rh.AaSinPs) triggering supply
CONTACT US (/CONTACTUS.ASP) delays, and massive
slowdowns in production over the first quarter of
2020 have also affected the industry.
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.
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e production of aerospace components is slower as
compared to traditional g of aerospace
components, an increase in production volume
results in reduced m(/)anufacturing 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 HteOcMhEn(/o) loAgByOUmToUrSe(/As
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Challenges High volum manufacturing In
traditional manufacturin
CONTACT US (/CONTACTUS.ASP)
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.
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/M
arket-Reports/aircraft-line- maintenance-market-1
14689508.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.
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ket is projected to contribute the largest share
from 2021 to 2026 n is estimated to account for
the largest share of 47.7 of the global
aerospace 3D is projected to record a CAGR of
18.6 during the forecast period, driven by
the i(n/)creasing 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 HloOwME-v(/o) luAmBOeUpTaUrSts(/,AtBhOuUs
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The North American mar The North American regio
printing market in 2021. It
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study, download the pdf brochure (https//www.mark
etsandmarkets.com/pdfdownloadNew.asp?id7890041) T
he 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
We use cookies to en (https//www.market Report Metric Details
We use cookies to en (https//www.market Estimated Market Size USD 1.9 Billion
We use cookies to en (https//www.market Revenue Forecast in 2030 USD 4.7 Billion
We use cookies to en (https//www.market Growth Rate 19.4
We use cookies to en (https//www.market Fhaonrceecyaosurt epxeperiroiednce. By continuing to visit this site you sandmarkets.com/Privacy-12.html). 2a0g2re1e-t2o0o3ur0use of cookies . More info
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available for years
2017?2030
Market size Base year c
onsidered
2020
Forecast units
Value (USD Million)
(/)
Segments covered
By Offerings, By Platform, By Technology,
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BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CAREERS
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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 We use coMokRieOs to enhance your
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By Application Prototyping Tooling
Functional Parts
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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
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