Insights on the Aerospace 3D Printing Global Market to 2030 - Technological Advancements and Material Innovation Presents Opportunities

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May 06, 2022, 13:00 ET

DUBLIN, May 6, 2022 /PRNewswire/ -- The "Aerospace 3D Printing Market: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

According to this report the global aerospace 3D printing market was valued at $1.38 billion in 2020, and is projected to reach $6.80 billion by 2030, registering a CAGR of 18.4% from 2021 to 2030.

3D printing, also referred to as additive manufacturing, is a process of creating a layer-by-layer three-dimensional object using computer-aided design (CAD) models. Unlike conventional manufacturing techniques, the 3D printing process generates less waste and higher accuracy components. The 3D printing technology was primarily used for rapid prototyping and concept generation, but with advancements in material technology, the process has proliferated its scope of operations to manufacturing complex components.

The design freedom gained by engineers to print a complex component in one piece with the possibility to replace several small joints and machined parts has generated unprecedented business opportunities within the aerospace vertical. The ability to print parts in small volumes as and when needed without incurring any additional capital expense due to lower volume notably impacts the supply chain dynamics of the market. Operations such as replacing a small damaged or outdated component while keeping the system intact will soon become a common practice in coming years.

The report incorporates the study of the global aerospace 3D printing market that focuses on its scope of application of additive manufacturing technologies in aerospace industry. Primary applications includes part manufacturing of complex structure, design optimization, and rapid prototyping. The technology has attracted several maintenance, repair, and overhaul (MRO) and aftermarket players where there is demand for customized components with smaller production cycles.

The growth of the aerospace 3D printing market is driven by factors such as increase in demand for lightweight & durable components in the aerospace industry, simplification of complex designs, ease of prototyping, and rapid customization among others. However, high initial investment and unstable regulatory framework are key factors limiting the business opportunities. These challenges are expected to dilute by 2025. Thus, industry stakeholders are engaged in developing new operational strategies to counter costing challenges. Cloud production and shared production space are expected to emerge as an additive manufacturing trend within the forecast timeframe. The design methodologies of engineers are expected to shift from Design from Additive Manufacturing (DFAM) to embracing design freedom and producing highly complex single-piece components, supporting the business trend.

The key players operating in this market are Markforged, Liebherr, Stratasys Ltd., Materialise NV, EOS GmbH, 3D Systems Corporation, Honeywell. General Electric, Exone, Norsk Titanium, Renishaw PLC, TrumpF, SLM Solutions, Envisiontec, Inc., Prodways, and Hoganas AB.

Key Benefits

This study presents the analytical depiction of the global aerospace 3D printing market analysis along with the current trends and future estimations to depict imminent investment pockets
The overall aerospace 3D printing market opportunity is determined by understanding profitable trends to gain a stronger foothold
The report presents information related to the key drivers, restraints, and opportunities of the global aerospace 3D printing market with a detailed impact analysis
The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency
The Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry

Key Topics Covered:

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Low-To-High Bargaining Power of Suppliers
3.3.2. Moderate-To-High Threat of New Entrants
3.3.3. Low-To-High Threat of Substitutes
3.3.4. Moderate-To-High Intensity of Rivalry
3.3.5. Moderate Bargaining Power of Buyers
3.4. Market Share Analysis, 2020 (%)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Demand for Lightweight and Durable Aerospace Components
3.5.1.2. Supply Chain Optimization
3.5.1.3. Simplification of Complex Design With Rapid Prototyping and Customization
3.5.2. Restraints
3.5.2.1. Limited Regulatory Infrastructure
3.5.2.2. High Initial Investment and Peripheral Costs
3.5.3. Opportunities
3.5.3.1. Technological Advancements and Material Innovation
3.5.3.2. Innovation in Design Methodologies
3.5.3.3. Cloud Based 3D Printing Services
3.6. Impact of Covid-19 on the Market
3.6.1. Evolution of Outbreaks
3.6.1.1. Sars
3.6.1.2. Covid-19
3.6.2. Micro-Economic Impact Analysis
3.6.2.1. Consumer Trend
3.6.2.2. Technology Trends
3.6.3. Macro-Economic Impact Analysis
3.6.3.1. Gdp
3.6.3.2. Import/Export Analysis
3.6.4. Impact of Covid-19 on Aerospace 3D Printing Industry Analysis

Chapter 4: Aerospace 3D Printing Market, by Printing Technology
4.1. Overview
4.2. Selective Laser Sintering (Sls)
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Selective Laser Melting (Slm)
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Binder Jetting
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
4.5. Fused Deposition Modeling (Fdm)
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis, by Country
4.6. Stereolithography (Sla)
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, by Region
4.6.3. Market Analysis, by Country
4.7. Others
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast, by Region
4.7.3. Market Analysis, by Country

Chapter 5: Aerospace 3D Printing Market, by Platform
5.1. Overview
5.2. Aircraft
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Unmanned Aerial Vehicle (Uav)
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Spacecraft
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country

Chapter 6: Aerospace 3D Printing Market, by Application
6.1. Overview
6.2. Production
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3. Pre-Production & Post-Production
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country

Chapter 7: Aerospace 3D Printing Market, by Delivery
7.1. Overview
7.2. Product
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis, by Country
7.3. Service
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis, by Country

Chapter 8: Aerospace 3D Printing Market, by Offering
8.1. Overview
8.2. Hardware
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Region
8.2.3. Market Analysis, by Country
8.2.4. Market Analysis, by Hardware
8.2.4.1. Printer
8.2.4.1. Material
8.2.4.1.1. Metal and Ceramics
8.2.4.1.1.1. Titanium
8.2.4.1.1.1. Aluminum
8.2.4.1.1.1. Steel
8.2.4.1.1.1. Others
8.2.4.1.1. Thermoplastics
8.2.4.1.1.1. Polycarbonate (Pc)
8.2.4.1.1.1. Acrylonitrile Butadiene Styrene (Abs)
8.2.4.1.1.1. Nylon/Polyamide
8.2.4.1.1.1. Fiber
8.2.4.1.1.1. Others
8.3. Software
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Region
8.3.3. Market Analysis, by Country

Chapter 9: Aerospace 3D Printing Market, by Region

Chapter 10: Company Profiles
10.1. Stratasys Ltd
10.1.1. Company Overview
10.1.2. Company Snapshot
10.1.3. Operating Business Segments
10.1.4. Product Portfolio
10.1.5. R&D Expenditure
10.1.6. Business Performance
10.1.7. Key Strategic Moves and Developments
10.2.3D Systems, Inc.
10.2.1. Company Overview
10.2.2. Company Snapshot
10.2.3. Operating Business Segments
10.2.4. Product Portfolio
10.2.5. R&D Expenditure
10.2.6. Business Performance
10.2.7. Key Strategic Moves and Developments
10.3. Envisiontec, Inc.
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Product Portfolio
10.3.5. Key Strategic Moves and Developments
10.4. Eos GmbH
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Product Portfolio
10.4.4. Key Strategic Moves and Developments
10.5. Materialise
10.5.1. Company Overview
10.5.2. Company Snapshot
10.5.3. Operating Business Segments
10.5.4. Product Portfolio
10.5.5. R&D Expenditure
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.6. Markforged
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Product Portfolio
10.6.4. Business Performance
10.6.5. Key Strategic Moves and Developments
10.7. Exone
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Operating Business Segments
10.7.4. Product Portfolio
10.7.5. R&D Expenditure
10.7.6. Business Performance
10.7.7. Key Strategic Moves and Developments
10.8. Norsk Titanium Us Inc.
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Product Portfolio
10.8.4. Business Performance
10.8.5. Key Strategic Moves and Developments
10.9. Renishaw plc.
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Operating Business Segments
10.9.4. Product Portfolio
10.9.5. R&D Expenditure
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.10. General Electric
10.10.1. Company Overview
10.10.2. Company Snapshot
10.10.3. Operating Business Segments
10.10.4. Product Portfolio
10.10.5. R&D Expenditure
10.10.6. Business Performance
10.10.7. Key Strategic Moves and Developments
10.11. Trumpf
10.11.1. Company Overview
10.11.2. Company Snapshot
10.11.3. Operating Business Segments
10.11.4. Product Portfolio
10.11.5. R&D Expenditure
10.11.6. Business Performance
10.11.7. Key Strategic Moves and Developments