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Aerospace 3D Printing Market Report Scope & Overview:

The Aerospace 3D Printing Market Size was valued at USD 2.12 billion in 2022 and is projected to grow to USD 8.24 billion by 2030, with a growing CAGR of 18.5% over the forecast period 2023-2030.

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 Analysis

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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

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 Segmentation Analysis

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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

KEY PLAYERS

The major players are EOS GmbH, 3D Systems Corporation, Honeywell. General Electric, Stratasys Ltd., Materialise NV, Exone, Norsk Titanium, Renishaw PLC, Markforged, Liebherr, TrumpF & Other Players.

3D Systems Corporation-Company Financial Analysis

Aerospace 3D Printing Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 2.12 Billion
Market Size by 2030 US$ 8.24 Billion
CAGR CAGR of 18.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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

Aerospace 3D Printing Market Size was valued at USD 2.12 billion in 2022 and projected to grow to USD 8.24 billion by 2030, with a growing CAGR of 18.5% over the forecast period 2023-2030.

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

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8.  Aerospace 3D Printing Market Segmentation, By Offerings

8.1    Introduction

8.2    Printers

8.3    Materials

8.4    Services

8.5    Software

9.  Aerospace 3D Printing Market Segmentation, 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 Segmentation, By Platform

10.1    Introduction

10.2    Aircraft

10.3    UAVs

10.4      Spacecraft

11.  Aerospace 3D Printing Market Segmentation, By End Product

11.1    Introduction

11.2    Engine Components

11.3    Structural Components

11.4      Others

12.  Aerospace 3D Printing Market Segmentation, By End Use

12.1    Introduction

12.2    OEM

12.3    MRO

13. Aerospace 3D Printing Market Segmentation, 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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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