LONDON, July 7, 2016 /PRNewswire/ -- Global Metal Additive Manufacturing Market for Commercial Aviation : Production Efficiency and Cost Savings Plus Stringent Aviation Safety Norms Transform AM Industry by 2021
This study analyzes revenues for the additive manufacturing (AM) market within the commercial aviation industry, focused on AM systems sales and AM-based contract manufacturing services. Key aspects of revenue opportunities for AM technology within commercial aviation are presented complemented by adoption trends. Revenue forecasts cover the 2016 to 2021 timeline and present the Frost & Sullivan forecast along with the corresponding optimistic and conservative scenarios to lend insight into the available revenue with respect to maximum possible opportunities in the concerned segments. This study does not cover non-metal based additive manufacturing systems and related contract manufacturing services.
Additive manufacturing is gaining momentum in several verticals including the aviation industry by replacing more parts than before.
Increasing manufacturing time and cost to meet the demand of new aircraft is a high driver for AM in the aviation industry.
Revenue from AM services is set to overtake AM products with a CAGR of % by 2021.
Companies that are already producing polymer and ceramic AM are expected to expand to metal AM to meet the rise in demand.
By 2021, a number of acquisitions and mergers will be seen by Tier I and Tier III companies to expand their capabilities.
Key Questions This Study Will Answer
- Is the market growing, how long will it continue to grow, and at what rate?
- Are the existing competitors shifting to AM technology to meet customer needs?
- What are the main categories the AM market can segmented into?
- How will the structure of the market change with time?
- Are the products/services offered today meeting customer needs or is additional development needed?
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