Revolutionizing Aerospace: How Additive Manufacturing Is Set To Transform The Industry By 2030


(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The "Aerospace Additive manufacturing - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Aerospace Additive Manufacturing is estimated at US$1.2 Billion in 2023 and is projected to reach US$3.8 Billion by 2030, growing at a CAGR of 18.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the aerospace additive manufacturing market is driven by several factors, including technological advancements, the increasing complexity of aerospace components, and the demand for more efficient production processes. The need for lightweight, high-performance parts in modern aircraft and spacecraft is pushing the adoption of additive manufacturing, as it enables the creation of optimized designs that traditional methods cannot achieve. The growing trend towards customization and on-demand production in the aerospace sector also supports the use of 3D printing, allowing manufacturers to produce small batches of specialized components with minimal lead times.

Additionally, regulatory bodies are recognizing the benefits of additive manufacturing and are developing standards and certifications to facilitate its broader adoption in critical aerospace applications. Investments in research and development, along with strategic partnerships between aerospace companies and additive manufacturing specialists, are further propelling the market forward. As these factors converge, the aerospace additive manufacturing market is poised for significant expansion, driven by the need for innovation, efficiency, and enhanced performance in aerospace engineering.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Metal Alloy Material segment, which is expected to reach US$2.4 Billion by 2030 with a CAGR of a 19.2%. The Rubber Material segment is also set to grow at 18.1% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $369.4 Million in 2023, and China, forecasted to grow at an impressive 19.9% CAGR to reach $417.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Questions Answered:

  • How is the Global Aerospace Additive Manufacturing Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Moog, Inc., 3D Systems Inc. (USA), GKN and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report Attribute Details
No. of Pages 327
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $1.2 Billion
Forecasted Market Value (USD) by 2030 $3.8 Billion
Compound Annual Growth Rate 18.3%
Regions Covered Global


Key Topics Covered:
1. MARKET OVERVIEW

  • Revolutionizing Aerospace with Additive Manufacturing
  • Global Aerospace Additive Manufacturing Market: Prospects & Outlook
  • Additive Manufacturing in Aerospace: Innovations and Future Directions
  • Material Advancements in Aerospace Additive Manufacturing
  • Aircraft Manufacturing Leads the Aerospace AM Market
  • Regional Leaderships in Aerospace Additive Manufacturing
  • Economic Frontiers: Trends, Trials & Transformations
  • Resilience and Innovation: The Aviation Industry's Response to COVID-19 Challenges
  • Additive Manufacturing: Revolutionizing Aerospace Innovation
  • Benefits of Additive Manufacturing for Aerospace Manufacturing
  • Aerospace Additive Manufacturing by Technology
  • Applications of 3D Printing in Aerospace Industry
  • Additive Manufacturing Versus Subtractive Processes
  • Competitive Scenario
  • Select Innovations
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

  • Moog, Inc.
  • 3D Systems Inc. (USA)
  • GKN PLC
  • Carpenter Technology Corporation
  • GKN Aerospace Services Limited
  • Materialise
  • Concept Laser
  • EOS
  • MTU Aero Engines
  • EnvisionTEC, Inc.
  • Arcam EBM, A GE Additive Company
  • GKN Powder Metallurgy
  • GT PARTS
  • China Metallurgical Information and Standardization Institute (CMISI)
  • Committee for Aviation and Space Industry Development (CASID)

3. MARKET TRENDS & DRIVERS

  • Spectacular Growth of Additive Manufacturing Being Experienced by Range of Industries
  • The Future of Additive Manufacturing in Aerospace
  • Factors Driving Growth in Aerospace Additive Manufacturing
  • AM Technology's Role in Lightweight and Complex Parts and Components in Aerospace Industry Drives Market
  • Numerous Advantages of Additive Manufacturing Drive Technology Use to Create Spare Parts for Aerospace Industry
  • Encouraging Recovery of the Aerospace Industry to Spur Opportunities for Additive Manufactured Parts
  • Rise in Aircraft Fleet to Support Demand for Additive Manufactured Parts
  • Growing Role of Additive Manufacturing in Commercial Aircraft MRO
  • Growing Use of 3D Printing for Aircraft Interiors to Boost Market Prospects
  • Additive Manufacturing Holds Potential to Transform the Defense Industry
  • With Drone Usage Rising, AM Technology Emerges to Make Drones Accessible and Affordable
  • Additive Manufacturing Gains Prominence in Satellite Manufacturing
  • Wire Arc Additive Manufacturing Delivers Low Buy-To-Fly Ratios
  • FDM Technology: Tremendous Benefits Propel Use in Aerospace Industry
  • Metal Additive Manufacturing: Revolutionizing Aerospace Production
  • Metal Printing Materials to Outdo Plastic Materials
  • Commonly Used Materials for 3D Printing by Various Printing Processes
  • Metal Additive Manufacturing in Aerospace Industry Poised for Inevitable Recovery
  • 3D Printed Plastic Additives Gaining Traction in Commercial Aviation Sector
  • Use of Additive Metal Manufacturing in the Replacement Market
  • Increasing R&D Focus on Print Materials
  • Graphene: A Material with Enormous Potential
  • Technology Innovations to Boost Market Prospects
  • In-house Additive Manufacturing Offers Benefits to Aerospace Companies
  • Challenges Facing Aerospace Additive Manufacturing Market

4. GLOBAL MARKET PERSPECTIVE
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  • Global Aerospace Additive Manufacturing Market
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