(MENAFN- Ameliorate Digital Consultancy) The 3D printing in aerospace and defense market was valued at USD 1,920.1 million in 2022, and it is anticipated to register a CAGR of more than 24.5% during the forecast period (2023 – 2029).
The 3D printing technology was initially utilized for rapid prototyping and concept development; but, as material technology has advanced, the process's scope of operations has expanded to include the manufacture of complicated components. The ability for engineers to replace multiple small joints and machined parts with a single, complicated component through 3D printing has created previously unheard-of economic prospects in the aerospace sector.
The Global“ 3D Printing in Aerospace and Defense Market ” research report give detailed information with reference to market size, share, trends, growth, cost revenue, capacity, and forecast till 2029. This report also contains the general and in-depth study of the 3D Printing in Aerospace and Defense market with all its aspects influencing the growth of the market. The purpose of the Market survey report is to thoroughly evaluate the current market scenario and gain a review about the 3D Printing in Aerospace and Defense Market and its commercial possibilities. As a consequence of the Russia-Ukraine War and COVID-19, the world economy will recover, and generate a lot of revenue till 2029.
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Key Players Mentioned in the 3D Printing in Aerospace and Defense Market Research Report:
MTU AERO ENGINE, EOS GmbH Electro Optical Systems, Stratasys Ltd, ExOne Co., Moog Inc., EnvisionTEC GmbH, Aerojet Rocketdyne Holdings Inc, Hoganas AB, 3D Systems Corporation, Ultimaker BV, ARCAM AB, Materialise NV
Industry News and Updates:
In September 2021 , Lockheed Martin announced its collaboration with Makerbot to produce 3D printed parts and designs for the AI-assisted Lunar Rover Project delivered to NASA. Lockheed Martin is developing a new fully autonomous lunar rover in partnership with General Motors, which could be used for NASA's Artemis program.
In February 2021 , Wipro 3D, the metal additive manufacturing (AM) business of Wipro Infrastructure Engineering (WIN), and the Engine Division of Hindustan Aeronautics Ltd (HAL) announced the manufacture of a metal 3D-printed aircraft engine component. The collaboration is currently working toward the development, manufacturing, and airworthiness certification of a critical aero-engine component operating in the hot zone.
Segments Analysis:
The Aircraft sector holds the biggest market share and is expected to increase at a 29.7% CAGR during the forecast period. Companies like Boeing and Airbus forecast rapid expansion in the civil aviation business by estimating that 43,500 additional aircraft will be needed by 2040, allowing the world's fleet of aircraft to outnumber the required for 50,000 operational aircraft.
On The Basis of Types: –
Metals
Polymer
Ceramics
On The Basis of Application: –
Aircraft
Unmanned Aerial Vehicles
Spacecraft
The regions are further sub-divided into:
– North America (US, Mexico, Canada)
– Europe (Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg)
– Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore)
– South America (Brazil, Argentina, Peru, Chile)
– Middle East and Africa (Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa)
Russia-Ukraine War Impact 2023: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the Market .
“The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this Market's growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the Market during the war.”
The impact of the 3D Printing in Aerospace and Defense Market report:
– Comprehensive assessment of all opportunities and risk in the 3D Printing in Aerospace and Defense Market.
– 3D Printing in Aerospace and Defense Market recent innovations and major events.
– Detailed study of business strategies for growth of the 3D Printing in Aerospace and Defense Market-leading players.
– Conclusive study about the growth plot of 3D Printing in Aerospace and Defense Market for forthcoming years.
– In-depth understanding of 3D Printing in Aerospace and Defense Market-particular drivers, constraints and major micro industries.
– Favourable impression inside vital technological and Market latest trends striking the 3D Printing in Aerospace and Defense Market.
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Key Takeaways from 3D Printing in Aerospace and Defense Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different market verticals
─Understand the different dynamics influencing the 3D Printing in Aerospace and Defense market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – 3D Printing in Aerospace and Defense market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the market supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A's, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the 3D Printing in Aerospace and Defense.
The survey covers historical data from 2018 to 2023 and predictions through 2029, making it a priceless tool for business leaders, marketing, sales, and product managers, consultants, analysts, and stakeholders searching for essential Market data in easily accessible documents with logically laid out tables and graphs.
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