Market Outlook
According to the report by Expert Market Research (EMR), the global aerospace additive manufacturing market size is projected to grow at a CAGR of 19.70% between 2024 and 2032. Aided by the technological innovation and rising demand for efficient aircraft, the market is expected to grow significantly by 2032.
Additive manufacturing, commonly known as 3D printing, involves creating three-dimensional objects from a digital file, where material is added layer by layer. In the aerospace sector, this technology is increasingly adopted for its ability to produce complex, lightweight, and strong components, contributing significantly to the efficiency and performance of aircraft.
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The aerospace additive manufacturing market growth is primarily driven by the need for lighter, stronger, and more efficient aircraft components. The technology allows for the production of parts that are impossible to create using traditional manufacturing methods. This capability is particularly beneficial in creating intricate components with reduced material waste, leading to more sustainable manufacturing practices.
Another significant factor contributing to the market’s growth is the rapid advancement in additive manufacturing technologies. Innovations in materials, printing processes, and digital design tools have expanded the capabilities of additive manufacturing, making it more accessible and practical for aerospace applications.
The increasing demand for fuel-efficient aircraft is also propelling the aerospace additive manufacturing market demand. Additive manufacturing plays a crucial role in producing components that contribute to the overall weight reduction of aircraft, thereby enhancing fuel efficiency and reducing carbon emissions.
North America, particularly the United States, holds a significant portion of the aerospace additive manufacturing market share due to the presence of major aerospace manufacturers and advanced technological infrastructure. Europe follows closely, with its strong focus on research and development in aerospace technologies.
Looking ahead, the global market for aerospace additive manufacturing is expected to maintain its growth trajectory. The ongoing pursuit of more efficient, sustainable, and cost-effective aircraft will continue to drive demand for additive manufacturing.
Furthermore, the exploration of new materials and printing technologies presents significant growth opportunities. The market is also likely to benefit from the increasing trend of customisation in aerospace components, which is ideally suited to the flexible and versatile nature of additive manufacturing.
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Market Segmentation
The market can be divided based on platform, material type, application, technology, and region.
Market Breakup by Platform
- Aircraft
- Unmanned Aerial Vehicle
- Spacecraft
Market Breakup by Material Type
- Metal Alloy
- Plastic
- Rubber
- Others
Market Breakup by Application
- Engine
- Structural
- Others
Market Breakup by Technology
- 3-D Printing
- Laser Sintering
- Stereo Lithography
- Fused Deposition Modelling
- Electron Beam Melting
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global aerospace additive manufacturing market. Some of the major players explored in the report by Expert Market Research are as follows:
- 3D Systems Inc.
- ExOne GmbH
- Optomec, Inc.
- The General Electric Company
- EOS GmbH
- Others
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