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Aerospace 3D Printing Market

Aerospace 3D Printing Market By Offerings (Printers, Materials, Services, Software), By Technology (Polymerization, Powder Bed Fusion, FDM, Others), By Platform (Aircraft, UAVs, Spacecraft), By End Product (Engine Components, Structural Components, Others), By End Use (OEM, MRO), By Application (Prototyping, Tooling, Functional Parts), and Region | Global Market Forecast to 2028

Report Id: SNS/A&D/1090 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aerospace 3D Printing Market Size was valued at USD 1.79 billion in 2021 and projected to grow to USD 5.87 billion by 2028, with a growing CAGR of 18.5% over the forecast period 2022-2028.

It is used to produce metal brackets that perform structural work inside the aircraft. Prototypes are increasingly being printed in 3D, allowing designers to refine the form and proportions of completed parts. 3D printing services produce internal aircraft components such as cockpit dashboards and door handles.

Aerospace 3D Printing Market Revenue Graph

Additional production or 3D printing is the process of creating 3D objects or a layer of products by design using a 3D digital model. 3D printing is a distortion of the normal production process such as mechanical processing, in which a person starts with an object block and then removes unwanted equipment. 3D printing can also start with a blank platform where the material is added in a controlled manner where necessary - in each layer - until the final part is produced. The 3D model can be created using 3D CAD software from scratch or by retrospective engineering using laser scanning.

The demand for 3D aerospace printing is expected to be driven by the production of low-volume aircraft parts in the aerospace industry, the growing demand for lightweight parts, the need to reduce production time, and the need for economical and sustainable products. To stimulate the need for faster prototyping is expected the growth of aerospace 3D printing market during forecasting.

The Impact of Covid-19 on the Global 3D Printing Market.

The COVID-19 epidemic has plagued the aviation industry since 2020, as airlines have chosen to accelerate the retirement of older aircraft as a cost-cutting measure and now plan to replace it with a new lighter aircraft compared to additional fuel. - works well. A few OE-M sites are investing in major research projects, aimed at improving the use of 3D printed parts and components of a new generation aircraft. Additionally, the use of 3D printed parts is also increasing in the aftermarket area, as the use of such components may reduce the pressure on traditional supply chains.

The benefits offered by 3D printing have increased its acceptance in the aerospace field. 3D printing produces components at low cost with fast lead times and a design that adapts to digital conditions and ways to improve. The use of 3D printing also leads to significant cost savings for users and manufacturers.

Although the adoption of 3D printing is growing in the A&D sector, there are significant challenges currently hindering your progress in mass production. However, advances in 3D printing technology and material science may face many of these limitations, thus furthering the acceptance of 3D printing in the aviation industry in the coming years.

Drivers: Increased demand for lightweight materials in aircraft construction

Increasing demand for convenience in the aviation industry and partial production is a major factor in the growth of market capitalization. Lightweight materials such as composites and plastics are relatively light compared to materials such as metal, copper, alloys, metal, and so on. Reducing the weight of aircraft parts can lead to significant cost savings in terms of fuel consumption. Also, plastic materials perform much better in chemical conditions compared to metal, thus prolonging the aircraft structure and preventing expensive repairs due to corrosion of metal parts. Plastic also ensures a reduction in Time of Care, Repair, and Maintenance) as replacement is easy and quick to install. In addition, highly efficient thermoplastics provide excellent flame retardant properties, which is essential for aerospace use.

Restrictions: rising costs associated with lightweight materials

Lightweight materials use great weight loss benefits but at a higher cost. For example, high-strength steel provides a weight loss of 20.0% over steel with a maximum value of 15.0% per unit, while aluminum costs 30.0% more than steel, but brings a weight reduction of 40.0%. Also, carbon fiber, which provides weight loss that rises more than steel, is more expensive, preventing its entry into the market.

Opportunities: Development of advanced 3D printing technology that requires less production time

The traditional processes used in the production of aerospace components are time-consuming compared to 3D printing. The development of new 3D printing technologies allows faster production of parts and components, which can take months or years to build, thereby reducing their production time. CLIP (Continuous Liquid Interface Production) is one of the latest 3D printing technologies used to produce parts and components for continuous production. It removes the layer through layer processes, unlike other 3D printing technologies, such as SLA and SLS. Another technology is DMLS, which uses powdered metals instead of powdered thermoplastic in making metal parts. This technology can improve products 100 times faster than other 3D printing technologies.

Challenges: increasing the production of aerospace components is slower compared to traditional production

In the traditional making of aerospace components, an increase in production capacity results in reduced production costs, while the speed at which production is maintained remains the same. However, in 3D printing technology, production costs increase, and the production scale increases, thus making the technology suitable for lower production capacity. The costs involved in making and purchasing 3D printing equipment and the cost of immature materials used in 3D printing are higher than those found in conventional production. This feature is challenging

Competitive Landscape

Market Key Players:

EOS GmbH, 3D Systems Corporation, Honeywell. General Electric, Stratasys Ltd., Materialise NV, Exone, Norsk Titanium, Renishaw PLC, Markforged, Liebherr,TrumpF

Key Market Segmentation:

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 Use:

  • OEM

  • MRO

By Application:

  • Prototyping

  • Tooling

  • Functional Parts

Aerospace 3D Printing Market Segment Chart

Regional Analysis :

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

 

Aerospace 3D Printing Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.79 Billion
Market Size by 2028 US$ 5.87 Billion
CAGR CAGR of 18.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Offerings (Printers, Materials, Services, Software)
• By Technology (Polymerization, Powder Bed Fusion, FDM, Others)
• By Platform (Aircraft, UAVs, Spacecraft)
• By End Product (Engine Components, Structural Components, Others)
• By End Use (OEM, MRO)
• By Application (Prototyping, Tooling, Functional Parts)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles EOS GmbH, 3D Systems Corporation, Honeywell. General Electric, Stratasys Ltd., Materialise NV, Exone, Norsk Titanium, Renishaw PLC, Markforged, Liebherr,TrumpF
Key Drivers • Increasing demand for convenience in the aviation industry
RESTRAINTS • Lightweight materials use great weight loss benefits but at a higher cost.


Frequently Asked Questions (FAQ) :

According to SNS insiders, the Aerospace 3D Printing Market size was USD 1.9 billion in 2021 and is expected to reach USD 6.5 billion by 2028 with a CAGR of  19.4% over the forecasted period.

It is used to produce metal brackets that perform structural work inside the aircraft. Prototypes are increasingly being printed in 3D, allowing designers to refine the form and proportions of completed parts. 3D printing services produce internal aircraft components such as cockpit dashboards and door handles.

Development of advanced 3D printing technology that requires less production time and It removes the layer through layer processes, unlike other 3D printing technologies, such as SLA and SLS. Another technology is DMLS, which uses powdered metals instead of powdered thermoplastic in making metal parts

Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product. 

North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are major five region covered in this region.


Table of Contents


1. Executive Summary 
1.1.    Introduction
1.2.    Market Definition 
1.3.    Scope
1.4.    Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1    Drivers
3.2    Restraints
3.3    Opportunities
3.4    Challenges
3.5    Regulations

4. Impact Analysis
4.1    COVID 19 Impact Analysis
4.3    Ukraine-Russia War Crisis

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8.  Aerospace 3D Printing Market, By Offerings
8.1    Introduction
8.2    Printers
8.3    Materials
8.4    Services
8.5    Software

9.  Aerospace 3D Printing Market, By Technology
9.1    Introduction
9.2    Polymerization
9.3     Powder Bed Fusion
9.4    Material Extrusion Or Fusion Deposition Modeling (Fdm)
9.5    Others

10.  Aerospace 3D Printing Market, By Platform
10.1    Introduction
10.2    Aircraft
10.3    UAVs
10.4      Spacecraft

11.  Aerospace 3D Printing Market, By End Product
11.1    Introduction
11.2    Engine Components
11.3    Structural Components
11.4      Others

12.  Aerospace 3D Printing Market, By End Use
12.1    Introduction
12.2    OEM
12.3    MRO

13. Aerospace 3D Printing Market, By Application
13.1    Introduction
13.2     Prototyping
13.3    Tooling
13.4    Functional Parts

14. Regional Analysis 
14.1    Introduction
14.2    North America
14.2.1    USA
14.2.2    Canada
14.2.3    Mexico
14.3    Europe
14.3.1    Germany
14.3.2    UK
14.3.3    France
14.3.4    Italy
14.3.5    Spain
14.3.6    The Netherlands
14.3.7    Rest of Europe
14.4    Asia-Pacific
14.4.1    Japan
14.4.2    South Korea
14.4.3    China
14.4.4    India
14.4.5    Australia
14.4.6    Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.1    Israel
14.5.2    UAE
14.5.3    South Africa
14.5.4    Rest
14.6    Latin America
14.6.1    Brazil
14.6.2    Argentina
14.6.3    Rest of Latin America

15.    Company Profiles
15.1    Markforged,
15.1.1    Financials
15.1.2    Products/ Services Offered
15.1.3    SWOT Analysis
15.1.4    The SNS view
15.2   Liebherr,
15.3   Stratasys Ltd.,
15.4   Materialise NV,
15.5    EOS GmbH,
15.6   3D Systems Corporation,
15.7    Honeywell. General Electric,
15.8    Exone,
15.9    Norsk Titanium
15.10   Renishaw PLC

16.    Competitive Landscape
16.1    Competitive Benchmark
16.2    Market Share analysis
16.3    Recent Developments

17.    Conclusion
 

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Secondary Research

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