Aerospace Additive Manufacturing Market Overview
Additive manufacturing (AM) is a technology for creating three-dimensional objects using a computer-aided design (CAD) model. The product is designed with successive layers based on the cad design in this addictive manufacturing process. To finish the product, the additive manufacturing process does not require advanced tooling; it only requires a few tools. In addition, the AM process is different from traditional manufacturing. Forming, such as shaping and bending, and subtractive processes, such as milling, cutting, and drilling, are common in traditional manufacturing. The global Aerospace Additive Manufacturing market is projected to grow at a significant rate in the forthcoming period.
The global aerospace additive manufacturing market is being propelled by factors such as rising demand for green manufacturing and a growing concern for reducing carbon footprint through aircraft weight reduction. Another important growth driver for the global market is additive manufacturing's increased efficiency in manufacturing crucial aerospace parts. Over earlier manufacturing methods, additive manufacturing offers several advantages such as flexible design, a shorter production cycle, a smaller resource requirement, and significant tooling cost savings. This is resulting in a high value and increased industry interest. As a result of the growing need for contemporary aircraft and increased air passenger traffic, the global aerospace additive manufacturing market will present many potential prospects.
During the research period, the global aerospace additive manufacturing market exhibited significant potential for growth. However, the high costs of essential materials, as well as the high cost of installation, may limit the global market's growth.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Application, Platform, Technology, Material Type, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Arcam AB, 3D Systems, CRP Technology srl, Concept Laser GmbH, CRS Holdings Inc, Optomec, Inc., Stratasys, Ltd., ExOne, SLM Solutions Group AG. |
Covid-19 Impact on Aerospace Additive Manufacturing Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Aerospace Additive Manufacturing Market Segment Overview
Based on Application, the Engine is one of the largest segments in the global Aerospace Additive Manufacturing market. It is expected that this segment shows remarkable growth in the coming period. According to Platform, the aircraft is one of the most prominent segments in the market. This segment has been sub-classified into rotary-wing and fixed-wing. Currently, the unmanned aerial vehicle segment is expected to generate a higher CAGR during the estimated period. Based on Technology, the 3d printing technology is segment has noteworthy growth in the coming period. By Material Type, the metal alloy segment dominated the global Aerospace Additive Manufacturing market.
Aerospace Additive Manufacturing Market, By Application
· Structural
· Engine
· Others
Aerospace Additive Manufacturing Market, By Platform
· Spacecraft
· Aircraft
· Unmanned aerial vehicle
Aerospace Additive Manufacturing Market, By Technology
· Laser sintering
· 3d printing
· Electron beam melting
· Fused deposition modeling
· Stereo lithography
Aerospace Additive Manufacturing Market, By Material Type
· Plastic
· Rubber
· Metal alloy
· Others
Aerospace Additive Manufacturing Market Regional Overview
In the global aerospace additive manufacturing market, the region is categorized into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. This is due to the presence of the most prominent companies like 3d systems, inc. and Stratasys Ltd. Furthermore, the market in the Asia Pacific is projected to rise at a considerable rate in the forecast period.
Aerospace Additive Manufacturing Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Aerospace Additive Manufacturing Market, Key Players
· Arcam AB
· 3D Systems
· CRP Technology srl
· Concept Laser GmbH
· CRS Holdings Inc
· Optomec, Inc.
· Stratasys, Ltd.
· ExOne
· SLM Solutions Group AG
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Aerospace Additive Manufacturing market?
The global aerospace additive manufacturing market is being propelled by factors such as rising demand for green manufacturing and a growing concern for reducing carbon footprint through aircraft weight reduction.
Q2. What are the restraining factors for the Aerospace Additive Manufacturing market?
The high costs of essential materials as well as the high cost of installation may limit the global market's growth.
Q3. Which segment is projected to hold the largest share in the Aerospace Additive Manufacturing Market?
Engine segment is projected to hold the largest share in the Aerospace Additive Manufacturing Market.
Q4. Which region is holds largest share in the Aerospace Additive Manufacturing market?
North America held largest share in the global Aerospace Additive Manufacturing market
Q5. Which are the prominent players in the Aerospace Additive Manufacturing Market?
Arcam AB, 3D Systems, CRP Technology srl, Concept Laser GmbH, CRS Holdings Inc, Optomec, Inc., Stratasys, Ltd., ExOne, SLM Solutions Group AG. are some key players in the Aerospace Additive Manufacturing Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Structural
- 5.2.2. Engine
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By Platform
- 5.3.1. Spacecraft
- 5.3.2. Aircraft
- 5.3.3. Unmanned aerial vehicle
- 5.4. Market Analysis, Insights and Forecast – By Technology
- 5.4.1. Laser sintering
- 5.4.2. 3d printing
- 5.4.3. Electron beam melting
- 5.4.4. Fused deposition modeling
- 5.4.5. Stereo lithography
- 5.5. Market Analysis, Insights and Forecast – By Material Type
- 5.5.1. Plastic
- 5.5.2. Rubber
- 5.5.3. Metal alloy
- 5.5.4. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Structural
- 6.2.2. Engine
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By Platform
- 6.3.1. Spacecraft
- 6.3.2. Aircraft
- 6.3.3. Unmanned aerial vehicle
- 6.4. Market Analysis, Insights and Forecast – By Technology
- 6.4.1. Laser sintering
- 6.4.2. 3d printing
- 6.4.3. Electron beam melting
- 6.4.4. Fused deposition modeling
- 6.4.5. Stereo lithography
- 6.5. Market Analysis, Insights and Forecast – By Material Type
- 6.5.1. Plastic
- 6.5.2. Rubber
- 6.5.3. Metal alloy
- 6.5.4. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Structural
- 7.2.2. Engine
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By Platform
- 7.3.1. Spacecraft
- 7.3.2. Aircraft
- 7.3.3. Unmanned aerial vehicle
- 7.4. Market Analysis, Insights and Forecast – By Technology
- 7.4.1. Laser sintering
- 7.4.2. 3d printing
- 7.4.3. Electron beam melting
- 7.4.4. Fused deposition modeling
- 7.4.5. Stereo lithography
- 7.5. Market Analysis, Insights and Forecast – By Material Type
- 7.5.1. Plastic
- 7.5.2. Rubber
- 7.5.3. Metal alloy
- 7.5.4. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Structural
- 8.2.2. Engine
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By Platform
- 8.3.1. Spacecraft
- 8.3.2. Aircraft
- 8.3.3. Unmanned aerial vehicle
- 8.4. Market Analysis, Insights and Forecast – By Technology
- 8.4.1. Laser sintering
- 8.4.2. 3d printing
- 8.4.3. Electron beam melting
- 8.4.4. Fused deposition modeling
- 8.4.5. Stereo lithography
- 8.5. Market Analysis, Insights and Forecast – By Material Type
- 8.5.1. Plastic
- 8.5.2. Rubber
- 8.5.3. Metal alloy
- 8.5.4. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Aerospace Additive Manufacturing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Structural
- 9.2.2. Engine
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By Platform
- 9.3.1. Spacecraft
- 9.3.2. Aircraft
- 9.3.3. Unmanned aerial vehicle
- 9.4. Market Analysis, Insights and Forecast – By Technology
- 9.4.1. Laser sintering
- 9.4.2. 3d printing
- 9.4.3. Electron beam melting
- 9.4.4. Fused deposition modeling
- 9.4.5. Stereo lithography
- 9.5. Market Analysis, Insights and Forecast – By Material Type
- 9.5.1. Plastic
- 9.5.2. Rubber
- 9.5.3. Metal alloy
- 9.5.4. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Arcam AB
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. 3D Systems
- 10.6. CRP Technology srl
- 10.7. Concept Laser GmbH
- 10.8. CRS Holdings Inc
- 10.9. Optomec, Inc.
- 10.10. Stratasys, Ltd.
- 10.11. ExOne
- 10.12. SLM Solutions Group AG
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
