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The global aerospace 3D printing market size was USD 1,359.1 million in 2018 is projected to reach USD 6,745.5 million by 2026, at a CAGR of 22.17% during the forecast period.
3D printing is a technologically advanced additive manufacturing process in which a 3D printer receives a command from a software program and creates a three-dimensional product. The 3D printer is used in several industries such as aerospace, manufacturing industry, medical industry and among others.
The aerospace and defense (A&D) industry was an early adopter of additive manufacturing technology for several applications in commercial aerospace, military aircraft, and space technology. Design and development of complex aerospace parts and building 3D printed Parts Manufacturer Approval (PMA) replacements parts are some of the current application in the aircraft 3D printing industry in the commercial aerospace, and military aviation sector.
Embedding additively manufactured parts, 3D printed aircraft structures, printing complex engine parts, and 3D printed repair parts are the upcoming applications of the aerospace 3D printer. Beside this, 3D printed UAVs part is gaining popularity in UAVs manufacturers. The rise in the demand for UAVs for military and defense applications is driving the growth of 3D printing in aerospace market.
Technologically advanced space 3D printing parts used for space exploration, printing structures using lightweights well as high-strength materials, and printing parts with minimal waste are propelling the demand for the 3D printer in space technology. Moreover, Printing on-demand parts in space and 3D printed large structures are the upcoming potential applications of a 3D printer in space technology.
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A 3D printer is capable of creating free-form designs that helps to build tooling fixtures. These fixtures are difficult and complex to produce with traditional machining techniques. The 3D printer offers the flexibility to design and test products as many times as required, helping A&D companies to reduce risks and uncertainties and to improve the functionality of the product cost-efficiently. It not only enables companies to quickly design and test products but also helps bring down the cost of manufacturing tooling and fixtures.
3D printing is helping the aerospace industry to quickly build prototypes with the desired fit, form, and functionality, thereby accelerating design cycles, reducing time to market, and giving organizations a competitive advantage.
“Demand for lightweight parts and components from the aerospace industry.”
Aircraft weight is one of the important parameters while designing and developing an aircraft. Lightweight aircraft requires less fuel consumption. Aircraft operate at low-profit-margin and, giving preference to fuel-efficient aircraft. Technologically advanced aircraft are highly fuel-efficient, due to the use of 3D printed lightweight advanced material such as components, parts, and overall airframe, without compromising on the strength and aerodynamics of an aircraft.
Material made from 3D printing technology having the ability to operate within extreme temperatures. It is likely to boost the material segment in the market in future. Major aircraft manufacturers including Boeing and Airbus, are expediting the adoption of this technology to achieve faster production processes, reduce wastage, and shorten the supply chain.
“Increased demand from the aerospace industry to produce technologically advanced 3D printed complex aerospace Parts.”
Current applications of aircraft 3D printers in the Aerospace and defense industry range from manufacturing simple objects such as armrests to complex parts such as engine components. In the aviation industry, applications such as printing aircraft wings and parts show the current and potential use of 3D printing in the A&D industry. 3D printers have the ability to create free-form designs and also helps to build highly complex aircraft parts within minimum time. Additionally, 3D printing offers the flexibility to design and test products multiple times, helping A&D companies reduce risks and uncertainties and improve product functionality at lower costs.
“Increase in demand for composites material in the aircraft is responsible for driving the market.”
Based on vertical type, the global aerospace 3D printing market classified into printers and materials. The material segment projected to hold a significant share, it owing to the growing demand for materials possessing a high strength to weight ratio for 3D printing technology. Based on the material application, 3D printing has capacity to produce all the aircraft components and parts, including engine, structural, and space components with different types of materials such as composites, metals and alloys.
“Increasing demand for the 3D printer in space engineering and research program is driving the market for aerospace 3D printer market.”
Based on Industry, the 3D printing in aerospace market segmented into UAV, Aircraft, and spacecraft. The aircraft segment is estimated to be the growth engine of the 3D printing market during the forecast timeline. A US based GE Aviation adopted 3D printer technology to produce engine components. Major engine OEMs are also adopting the 3D printer technology to produce 3D printed parts at a faster rate. Hexcel Corporation signed a contract with Boeing to produce HexPEKK-100 aerospace structures for major commercial aircraft platforms. Hexcel provides high-rate serial component part production Within a limited time period and that to at cheaper cost compared to traditional methodology.3D printing technology is widely used in the space industry. The 3D printing technology used to manufacture spacecraft components, propulsion systems, payloads, and other related components. The designing and engineering of the components of a spacecraft is an expensive process and 3D printing technology can solve this issue in less time.
“Increase in demand for 3D printed engine component in the aircraft is responsible for driving the market”
Based on application type, the aerospace 3D printing market is segmented into engine component, space component, and structural component. The engine component segment is estimated to drive the 3D printing market during the forecast timeline. Some of the key manufacturers of jet engines in the world are GE and Rolls-Royce. They have adopted 3D printing technologies to build precision and high quality aerospace components.
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Also, these companies have adopted 3D printing technology for aircraft engine manufacturing process. Their new 3D printing ability used to make the new engines are faster to operate and less expensive than previous traditional manufacturing processes. Heat resistant functional parts are required to produce engine compartments by using glass-filled nylon material through SLS technology.
“Growing demand for complex aircraft components such as jigs & fixtures, surrogates, and bezels drives the market during the forecast period”
Based on printer technology, the aerospace 3D printing market is segmented into Direct metal laser sintering(DMLS), Fused deposition modeling (FDM), Continuous liquid interface production (CLIP), Stereolithography (SLA), Selective laser sintering (SLS) and others. Among them, direct metal laser sintering is estimated to be the growth engine of the 3D printing market during the forecast timeline. DMLS technology used to make complex geometry structures. The component made from the DMLS technology have properties such as light weighted, corrosion-resistant, and good welding characteristics. Due to these properties, they are on high demand in the aerospace industry. Aircraft component made from titanium and aluminum used DMLS technology to produce 3D printed metal components, which are used in suspension wishbone and aircraft engines.
Stereolithography (SLA) is an essential additive manufacturing process in which object is created by selectively curing a polymer resin material by using an ultraviolet (UV) laser beam.
North America is estimated to remain the largest market share of the aerospace 3D printing during the forecast timeline. Growth of the aerospace 3D printer market is attributed to the adoption of aircraft 3D printing technology in aerospace and defence sector. US is the world’s biggest manufacturing hub of the aerospace industry with the presence of many raw material suppliers, tier players, large to small-sized aircraft OEMs. Furthermore, major 3D printing system manufacturers located in the U.S. and are fulfilling the regional demand. The North American market is majorly focusing on the modernization program of their existing aircraft. Furthermore, launch of new technologies and rise in investment from the US government in their new aircraft development program is expected to drive the 3D printing market. Leading manufacturers of aerospace 3D printing such as Aerojet Rocketdyne (U.S), The Exone Company (U.S), and Envisiontec GmbH (U.S) in this region are enhancing supply of aerospace 3D printer in North America.
North America Aerospace 3D Printing Market Size, 2018
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Asia pacific is projected as the fastest-growing region during the forecast period. Factors behind this growth are increasing the number of OEMs and tier 1 players to capture the demand for aerospace 3D printing from emerging economies such as China and India. New product development such as 3D printed lightweight components are used in commercial aviation sectors, regional space exploration program, and long-term relation with government contractors are some of the key factors driving the global aerospace 3D printing market.
“Market Players like Stratasys Ltd., Aerojet Rocketdyne, Arcam AB Will Ensure to Strengthen the aerospace 3D printing market across the globe.”
The aerospace 3D printing market share is dominated by some key companies due to their strong product portfolio, key strategic decisions, and dominance of market share. These include a group of key companies with more widespread geographic presence and continued R&D resulting in strong regulatory approvals.
Manufacturers are aiming to gain the top of the line enterprise boom by adopting strategies such as mergers & acquisitions, joint development, capability enlargement, design and engineering, long term contract & agreements, and sizable investments in R&D. For instance, in 2019 Boeing (US) signed a five-year agreement with the swiss company Oerlikon to support the creation of standard titanium 3D printing processes.
Demand for lightweight parts in the aerospace industry and short supply chain of aerospace components are driving the growth of This market. The aerospace 3D printing market report segmented by different industry types, application type, vertical type, and 3D printer technology. The market research covers the scope of different countries and regions, which are generating the demand for the market.
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Along with this, the report provides in-depth analysis of the global 3D printing in aerospace market dynamics and competitive landscape for the key manufacturers of aerospace 3D printer systems.
Value (USD Million)
By Printer Technology
Fortune Business Insights says that the aerospace 3D printing market was valued at USD 1,359.1 Million in 2018 and is projected to reach USD 6,745.5 Million by 2026.
Growing at a CAGR of 22.17% the market will exhibit steady growth in the forecast period (2015-2026)
The aircraft engine component segment is expected to be the leading segment in this market during the forecast period.
Increased demand from the aerospace industry to produce technologically advanced 3D printed complex aerospace parts are estimated to drive the growth of the aerospace 3D printing market.
Aerojet Rocketdyne, MTU Aero Engines AG, Stratasys Ltd., Ultimaker B.V.,3D Systems Corporation, Arcam AB, The Exone Company, Höganäs AB, EOS GmbH, Materialise NV, Envisiontec GmbH, and Norsk Titanium as are some of the key players in the market.
North America is projected to hold the highest market share in the market.
Growing demand for lightweight 3D printed components required for aircraft engine is expected to drive the market.
Additive manufacturing by using DMLS technology is a new trend in the Aerospace 3D printing market.