(MENAFN- Alliance News) Report Ocean introduces a fresh report examining the Aerospace 3D Printing market , encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the markets future trajectory.
Obtain a comprehensive report on the Aerospace 3D Printing Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Aerospace 3D Printing Market is valued at approximately USD 2.66 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.07% over the forecast period 2022-2029. 3D printing, also known as additive manufacturing, is a method of producing three-dimensional solid items from a digital file. The production of a 3D-printed object is accomplished using additive techniques. An object is built in an additive technique by laying down successive layers of material until the object is complete. Each of these levels is a thinly sliced cross-section of the object. 3D printing allows for the creation of complicated shapes while utilizing less material than traditional manufacturing processes. The Aerospace 3D Printing Market is expanding because of factors such as the high demand for lightweight parts and components as well as the increased use of composite materials.
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According to International Air Transport Association (IATA), the aviation sector is on track to achieve net-zero carbon emissions by 2050. The major strategy used by aircraft makers to increase fuel efficiency and meet the stated objective is to reduce the net weight of an aircraft and optimize the engine. For instance, the locking shaft of an Airbus A350 aircraft door was created using additive manufacturing, resulting in a 45% weight reduction while maintaining comparable robustness, as well as a 25% reduction in production cost due to less material usage, material waste, and assembly time. The approach also reduced the number of parts from ten to one, lowering the structures complexity and saving more than four kilograms over sixteen door shafts. Thus, the increased need for lightweight and long-lasting aircraft components significantly contributes to market growth. Also, the supply chain management and advancement of superior 3d printing technologies provide lucrative growth opportunities for the market during the forecast period. However, the high cost of parts and limited materials may stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Aerospace 3D Printing Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of revenue, North America dominated the market owing to the rising demand for lightweight aircraft components. Furthermore, Asia Pacific is expected to grow with the highest CAGR during the forecast period. Due to the growing need for 3D-printed components in space applications, the spacecraft segment is predicted to grow during the projected period. The UAV segment is expected to expand rapidly. In Asia Pacific, the segments expansion is being fueled by increased investments by key players and the space industry.
Major market players included in this report are:
3D Systems (U.S.)
Stratasys (Israel)
Materialise (Belgium)
EOS GmbH (Germany)
General Electric Company (U.S.)
CleanGreen3D (Mcor Technologies Limited) (U.S.)
Ultimaker BV (Netherlands)
Proto Labs, Inc. (U.S.)
Relativity Space (U.S.)
The ExOne Company (U.S.)
Recent Developments in the Market:
In May 2022 , 3D Systems announced that it has been hired by aerospace giant Airbus to provide essential components for Airbus satellite OneSat. 3D Systems will now use its DMP Factory 500 platform to serially construct elements of the satellites antenna arrays.
In May 2022 , Sratasys subsidiary MakerBot and 3D printer manufacturer Ultimaker announced a merger, resulting in the formation of a new desktop 3D printing company. The united business will seek to provide an entire ecosystem of desktop 3D printing technology, software, and materials to a larger worldwide client base.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Vertical:
Printer
Material
By Industry:
UAV
Space
Aircraft
By Application:
Engine components
Space components
Structural components
By Printer Technology:
Direct Metal Laser Sintering (DMLS)
Fused Deposition Modeling (FDM)
Continuous liquid interface production (CLIP)
Stereolithography (SLA)
Selective Laser Sintering (SLS)
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Reasons to Consider Purchasing the Aerospace 3D Printing Market Report:
Comprehensive Market Insights : Delve into the depths of the Aerospace 3D Printing Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections : Rely on the reports dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis : Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation : Gain clarity on the broad expanse of the market through the reports clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination : Assess the markets performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology : Grasp the pulse of technological progress within the Aerospace 3D Printing market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand : Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making : Leverage the reports critical information and data-driven insights to facilitate informed investment choices within the Aerospace 3D Printing market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues : Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Aerospace 3D Printing market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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