Aerospace 3D Printing Market to Rise at 16.07% CAGR from 2022 to 2029; EOS Joined Hands with Hyperganic to Advance Space Propulsion

The global aerospace 3D printing market size will rise from USD 2.94 billion in 2022 to USD 8.35 billion in 2029. Additive manufacturing has gained considerable traction to minimize fuel consumption and streamline operations. For instance, leading organizations, such as NASA and Airbus, have spurred investments in 3D printing technology to boost versatility and reduce weight. Strong demand for materials and printers across space, aviation and UAVs industries will augur well for the industry outlook.

According to the latest research report by Fortune Business Insights™ titled, “Aerospace 3D Printing Market Size, Share, Growth & COVID-19 Impact Analysis, By Vertical (Printers, Materials), By Industry (UAVs, Aviation, and Space), By Application (Engine Components, Space Components, and Structural Components), By Printer Technology (DMLS, FDM, CLIP, SLA, SLS, and Others), and Regional Forecast, 2022-2029,” the market stood at USD 2.66 billion in 2021. It is anticipated to exhibit a 16.07% CAGR during the assessment period.

COVID-19-Led Disruption in Aviation Sector Impeded Growth Outlook

An unprecedented impact on the aviation sector against the backdrop of the COVID-19 pandemic disrupted the supply chain. Specifically, the supply of raw materials and aircraft manufacturing became pronounced globally. Moreover, the aerospace sector grappled with a pile of backlog orders and aircraft deliveries. However, the next few years could provide promising opportunities following the rebound of the global economy and the resumption of manufacturing activities.

Airbus Contracts 3D Systems to Print Critical Components of OneSat Satellite

Major players are expected to invest in innovative products to boost manufacturing and design. Advancements in 3D printing will be on the back of investments in state-of-the-art research and development activities. To illustrate, in May 2022, Airbus contracted 3D Systems to produce critical components of the former’s OneSat satellite. 3D Systems will reportedly deploy DMP Factory 500 platform to serially produce parts of its antenna arrays. Airbus has apparently bolstered its satellite part additive manufacturing capabilities. These trends suggest that aerospace 3D printing market share will increase with bullish investments in innovations.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/aerospace-3d-printing-market-101613

Bullish Demand for 3D Printed Components to Propel Industry Growth

Industry participants are poised to prioritize 3D-printed components following the demand in space applications. Prominently, 3D printing has become sought-after in space exploration to help astronauts create objects in space and on-demand replacement parts for repairs and custom equipment for scientific experiments and buildings. The rising investments in additive manufacturing technology to build solid structures from microscopic particles and aggregated dust will propel the aerospace 3D printing market growth. Furthermore, increasing the usage of composite materials could augment additive manufacturing demand. However, the limited availability of materials and high cost of parts could dent the industry growth.

Stakeholders Focus on Collaboration to Tap into Markets

Major players are poised to inject funds into mergers & acquisitions, product launches, R&D activities, and technological advancements to propel their penetration. Furthermore, leading companies could infuse funds into innovations to expand their market presence across untapped areas.

Key Industry Development

• May 2022 – EOS joined hands with Hyperganic to advance space propulsion with AI-based design software tools of Hyperganic and EOS laser powder fusion bed technology.

List of the Companies Profiled in the Global Market

• 3D Systems (U.S.)


• Stratasys (Israel)


• Materialise (Belgium)


• EOS GmbH (Germany)


• General Electric Company (U.S.)


• CleanGreen3D (Mcor Technologies Limited) (U.S.)


• Ultimaker BV (Netherlands)


• Proto Labs, Inc. (U.S.)


• Relativity Space (U.S.)


• The ExOne Company (U.S.)


• Voxeljet AG (Germany)


• Velo 3D (U.S.)


• SLM Solutions Group AG (Germany)


• EnvisionTEC (U.S.)

Further Report Findings

• In terms of vertical, the material segment will exhibit strong growth during the forecast period, largely due to the rising demand for advanced materials in the aviation sector.


• North America market size was valued at USD 1.17 billion in 2021 and will grow with rising investments in space exploration activities.


• Asia Pacific market forecast will be strong due to the increasing use of additive manufacturing in small component manufacturing.

Table of Segmentation