About Aerospace Additive Manufacturing
Additive manufacturing is defined as the transformative approach of joining materials to make objects from 3D model data. It is also known as 3D printing. Additive manufacturing is widely used in the aerospace industry for rapid prototyping and numerous material such as metal alloy, plastic, rubber, among others are used in aerospace additive manufacturing. It helps to reduced costs and increased efficiency while shortening time to market. Also, it offers greater design flexibility. It optimizes for organic shapes & structure and provides leverages for light-weighting. It improves DMLS parts with CNC milling and reduces multi-component assemblies.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The aerospace additive manufacturing market is highly fragmented with the presence of various players. Some of the leading players in the aerospace additive manufacturing market are Stratasys, Ltd. (Israel), GE Aviation (United States), EOS GmbH (Germany), 3D Systems (United States), among others Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aerospace Additive Manufacturing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stratasys, Ltd. (Israel), EOS GmbH (Germany), 3D Systems (United States), GE Aviation (United States), ExOne (United States), Arcam AB (Sweden), CRS Holdings Inc. (South Africa), Concept Laser GmbH (Germany), CRP Technology S.R.L (Italy) and SLM Solutions Group AG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Optomec Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Aerospace Additive Manufacturing market by , Application (Engine, Structural and Others) and Region.
On the basis of geography, the market of Aerospace Additive Manufacturing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2024. If we see Market by Platform, the sub-segment i.e. Aircraft will boost the Aerospace Additive Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. 3D Printing will boost the Aerospace Additive Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Metal Alloy will boost the Aerospace Additive Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand of Highly Flexible Processing Technique That Can Be Applied To Various Material
Market Growth Drivers:
Continuous Growth in the Aerospace Industry across the World and Technological Advancement in Additive Manufacturing and Increasing Expenditure in Aerospace Industry and Rising Demand of Lighter Aircraft Components
Challenges:
Increasing Issues in Inconsistent accuracy and replicability regarding the quality of product and Restriction related to the Volume of Construction as well as the Size of the Product
Restraints:
Stringent Regulation regarding Technical Standards for Polymer 3D Printing and High Capital Investment Associated with Aerospace Additive manufacturing
Opportunities:
Growing Demand from Emerging Economics such as China, India, Brazil, Philippines, among others and Government Initiatives to Promote Aerospace Industry in Developing Countries
Market Leaders and their expansionary development strategies
In June 2019, the GE Aviation (United States) Company has announced metal additive manufacturing deals with Avio S.p.A. (Italy) company, which offers to make objects from 3D model data. Hence, this agreement will, in turn, propel the growth of aerospace additive manufacturing market
In April 2023, Stratasys Ltd., a leader in polymer 3D printing solutions, acquired Covestro AG's additive manufacturing materials business. The immediate, growing acquisition includes R&D facilities and activities, global development and sales teams across Europe, the US, and Asia, a portfolio of approximately 60 additive manufacturing materials, and a broad IP portfolio comprising hundreds of patents and pending patents.
Key Target Audience
Aerospace Additive Manufacturers, Traders, Importers, and Exporters, Governmental Bodies, Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.