Aerospace Additive Manufacturing industry Size, Share, Analysis, Trend, Growth Forecast To 2025

Global Aerospace Additive Manufacturing Market Research Report: By Platform (Aircraft [Fixed-Wing and Rotary-Wing], Unmanned Aerial Vehicle and Spacecraft), Application (Engine, Structural and Others)

Global Market for Aerospace Additive Manufacturing Market �" Competitive Dashboard

Some of the key players profiled in the report include Stratasys, EOS, GE Additive, 3D System, ExOne, Arcam AB, ATI, CRS Holdings Inc., Concept Laser, CRP Technology S.R.L, SLM Solutions, and Optomec.

Aerospace additive manufacturing (AM) refers to the making of aircrafts and its parts using futuristic 3D printing technology. AM is considered as the next disruptive technology that has the potential to alter the landscape of aerospace manufacturing. Leaving behind its initial days of plastics and polymers, aerospace AM is now moving strongly towards using metals in the production.

The aviation sector continues to scale new heights in emerging markets in the Middle East and Asia, which characterizes the surge in aerospace manufacturing and the subsequent increase in demand for raw materials. The current trend in the aviation industry is proving to be favorable for novel manufacturing technologies such as the additive manufacturing. The aerospace industry has been the early adopters of various technologies that went on to become a standard in other manufacturing domains.

A similar trend is being observed in additive manufacturing landscape, as the technology gains more ground in aerospace manufacturing. Market Research Future (MRFR)’s latest study reveals that the global aerospace additive manufacturing market is set to expand at 20.24% CAGR during the forecast period (2018-2023). The market is highly organized and well regulated in developed countries such as the U.S and the U.K.

market is likely to remain influenced by various factors during the forecast period. Some of these factors include the enforcement of stringent regulation to check aircraft carbon emission, increased stress on aircraft weight reduction, focus on green manufacturing and high efficiency of AM in the manufacturing of complex aerospace parts. Application opportunities for additive manufacturing or AM are limitless in the aerospace industry. However, the novelty of technology makes it cost intensive and thereby restricting its accessibility.