Aerospace 3D Printing Market Size & Growth Rate:
According to the Research Report, the Aerospace 3D Printing Market is expected to reach USD XX Billion, at a CAGR of X% during the Forecast Period 2019 – 2025.
Aerospace 3D Printing Market – Key Growth Driving Forces:
The aerospace industry has witnessed many changes in technologies aimed at light products, high quality products, reduced cycle times and the reduction of bottlenecks in the supply chain. 3D printing is one of the most promising technologies in this industry. It is effectively applied to most of these areas by minimizing losses and delays. The process also has ecological attributes and effectively solves the complexity of the supply chain.
Currently, 3D printing is a small part of the entire aerospace industry; however, this technology is expected to experience the fastest growth in the industry in the coming years. Aircraft manufacturers, as well as engine manufacturers, rely passionately on technology to develop lightweight parts.
The aerospace industry recognizes the unique abilities of 3D printing and looks for ways to take advantage of these skills. For example, Boeing uses 3D printing to manufacture interior plastic parts of nylon and polyetherimide for the evaluation of their tests and prototypes. Boeing uses 3D printing technology to quickly manufacture composite parts manufacturing tools. In addition, Pratt & Whitney Aerospace Corporation is investing heavily in a state-of-the-art 3D manufacturing plant in partnership with the University of Connecticut.
3D printing technology in the aerospace sector, generally made of plastic, has become a common practice in the manufacture of aerospace prototype parts. This technology allows the designers to ignore the manufacture of tools and go directly to the finished parts. The printing of a prototype component can take several hours, but it is still much faster than the manufacturing tools that are then used to make prototype parts. This ability to quickly build prototypes allows engineers to authenticate design concepts much faster, accelerating the overall improvement process.
Aerospace 3D Printing Market – Regional Analysis:
Geographically, the Aerospace 3D Printing Market is divided into regions of North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa. North America was the leader in the Aerospace 3D printing market in 2015. 3D printing is commonly used in the main industrial manufacturing sectors, such as aerospace and defense, as well as health care. Ongoing technological developments and financial support from the government are also driving the aerospace 3D printing market in the North American region.
Some of the Promising companies Leading the Aerospace 3D Printing Market Profiled in the Report are:
- Stratasys Ltd.
- 3D Systems Corporation
- The ExOne Company
- EOS GmbH
- Arcam AB
- Ultimaker B.V.
- Höganäs AB
- Materialise NV
This research report includes following segmentation for the Aerospace 3D Printing Market size and forecast until 2022.
Aerospace 3D Printing Market Segmentation- By Vertical
Aerospace 3D Printing Market Segmentation - By Application
- Unmanned Aerial Vehicles (UAVs)
Aerospace 3D Printing Market - By Region
- North America
- Central & South America
- Middle East & Africa