Over $ 2 Billion Growth in Global Commercial Aerospace 3D Printing Market 2020-2024 | North America to Dominate Market with 36% Share | Technavio

NEW YORK, March 4, 2021 /PRNewswire/ -- The commercial aerospace 3D printing market is expected to grow by USD 2.09 billion during 2020-2024, progressing at a CAGR of almost 19%. The report identifies North America as the key growth region and the region is expected to offer significant opportunities for market vendors over the forecast period.

Make confident decisions using our benchmarks and analysis of the commercial aerospace 3d printing market. 
Get a Free Sample Report Delivered Instantly

"One of the primary growth drivers for this market is the better part performance of 3D printed materials along with weight reduction," says a senior analyst for the Industrials industry at Technavio. As the markets recover, Technavio expects the commercial aerospace 3D printing market size to grow by USD 2.09 billion during the period 2020-2024.

Commercial Aerospace 3D Printing Market Segment Highlights for 2020

• The commercial aerospace 3D printing market is expected to post a year-over-year growth rate of 9.72%.
• Based on the segmentation by 3D printing vertical, the printing technologies segment generated maximum revenue for the market in 2019.
• The growth of the printing technologies segment is driven by the application of contract manufacturing 3D printing services for 3D-printed parts and components in commercial aircraft.
• Market growth in the printing technologies segment will be significant over the forecast period.

Regional Analysis

• 36% of the growth will originate from the North America region.
• Factors such as the increased passenger growth and the strong economic growth will be crucial in driving the growth of the commercial aerospace 3D printing market in North America.
• The US and Canada are the key markets for commercial aerospace 3D printing in North America. Market growth in this region will be slower than the growth of the market in other regions.

Develop Smart Strategies for Your Business: Grab a Free Sample Report Now!

Related Reports on Industrials Include:
Global 3D Printer Market - Global 3D printer market is segmented by geography (APAC, Europe, MEA, North America, and South America), product (industrial 3D printer and desktop 3D printer), and technology (FDM, SLS, SLA, and others). Get an Exclusive Free Sample Report

Global Metal Machining Market - Global metal machining market is segmented by end-user (automotive, construction, aerospace, and others) and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report

Notes:

• The commercial aerospace 3D printing market size is expected to accelerate at a CAGR of almost 19% during the forecast period.
• The commercial aerospace 3D printing market is segmented by Application (Printing technologies and Materials) and Geography (North America, Europe, APAC, South America, and MEA).
• The market is fragmented due to the presence of many established vendors holding significant market share.
• The research report offers information on several market vendors, including 3D Systems Corp., Arconic Inc., EOS GmbH, General Electric Co., Hoganas AB, Materialise NV, Melrose Industries Plc, Sandvik AB, Stratasys Ltd., and The ExOne Company

Learn more about how we can help you achieve your mission-critical priorities. Register for a free trial today to access 17,000+ market research reports using

Technavio's SUBSCRIPTION platform

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report Page: https://www.technavio.com/report/commercial-aerospace-3d-printing-market-industry-analysis

SOURCE Technavio