Aerospace & Defense Additive Manufacturing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aerospace & Defense Additive Manufacturing Market
The global aerospace & defense additive manufacturing market size was valued at USD 3.58 billion in 2020 and is projected to grow from USD 3.73 billion in 2021 to USD 13.01 billion by 2028, exhibiting a CAGR of 19.51% during the forecast period of 2021-2028.
The COVID-19 pandemic disrupted the Aerospace & Defense Additive Manufacturing Market with supply chain challenges and reduced demand for aircraft additives. However, its flexibility and performance in producing essential elements supported healing efforts at some point in the crisis, impeding the aerospace & defense additive manufacturing market growth.
The growth pushes the Aerospace & Defense Additive Manufacturing Market to want lightweight, durable additives to enhance gasoline efficiency and performance. Advancements in the 3-D printing era, customization talents, and growing calls for fast prototyping and on-demand production, in addition, propel market increase.
Metal Additive Manufacturing (AM) is revolutionizing the aerospace and defense enterprise. AM complements performance and reduces weight by enabling the production of complex steel components with complicated geometries, expanding the aerospace & defense additive manufacturing market share globally. Additionally, the capability to consolidate a couple of components right into a single thing simplifies meetings and improves reliability. This generation is driving innovation and improving the performance and effectiveness of aerospace and protection structures.
Comprehensive Analysis of Aerospace & Defense Additive Manufacturing Market
The Aerospace & Defense Additive Manufacturing Market is segmented through platform, vertical, software, and technology. The aerospace platform dominates because of 3-D printing for complicated aircraft parts, and the space section is predicted to develop hastily with the adoption of three-D printers for satellites and rockets. Vertically, the phase of the substance is projected to enlarge because of the call for composite substances, although printers presently hold the most significant proportion. By utility, space components lead due to elevated space exploration missions, observed via engine additives. In this era, fused deposition modeling (FDM) dominates for its precision, with direct metal laser sintering (DMLS) anticipated to develop drastically to make lightweight, corrosion-resistant structures.
The North America region led the aerospace & defense additive manufacturing market by benefitting a size of USD 1.3 billion in 2020 due to its know-how in superior manufacturing; the Applied Science & Technology Research Organization (ASTRO) was chosen through the U.S. Army.
The leading Aerospace & Defense Additive Manufacturing Market players significantly influence its growth trajectory and establish industry benchmarks. These key companies, including 3D Systems, Inc. (U.S.), EnvisionTEC (Germany), EOS (Germany), ExOne (U.S.), General Electric (U.S.), Hoganas AB (Sweden), Optomec, Inc. (U.S.), ProdWays TECH (France), Renishaw plc (U.K.), SLM Solutions (Germany), Stratasys Ltd. (Israel), and Ultimaker BV (Netherlands), drive innovation and foster market advancement, contributing to a competitive and rapidly evolving landscape.
In February 2021, The U.S. Department of Defense offered ExOne an agreement valued at USD 1.6 million to expand three-D printing factories housed inside shipping boxes. As part of the settlement, the agency will design a 3D printing pod integrated into a popular transport container measuring as much as 40 toes in length.
Segmentation Table
ATTRIBUTE DETAILS
Study Period2017-2028
Base Year2020
Estimated Year 2021
Forecast Period2021-2028
Historical Period2017-2019
UnitValue (USD billion)
SegmentationBy Platform, Vertical, Application, Technology, and Geography
By Platform
Aviation
Aircraft
UAV
Defense
Combat Vehicles
Military PPE
Weapons
Submarine Hulls
Others
Space
Engines
Satellite
Rockets
Spacecraft
By Vertical
Printer
Material
Others
By Application
Engine Components
Space Components
Structural Components
Defense Equipment
Others
By Technology
Direct Metal Laser Sintering (DMLS)
Fused Deposition Modeling (FDM)
Continuous Liquid Interface Production (CLIP)
Stereolithography (SLA)
Selective Laser Sintering (SLS)
Others
By Geography
North America (Platform, Vertical, Application, Technology, and Country)
U.S. (By Vertical)
Canada (By Vertical)
Europe (Platform, Vertical, Application, Technology, and Country)
U.K. (By Vertical)
Germany (By Vertical)
France (By Vertical)
Russia (By Vertical)
Rest of Europe (By Vertical)
Asia Pacific (Platform, Vertical, Application, Technology, and Country)
Japan (By Vertical)
China (By Vertical)
India (By Vertical)
South Korea (By Vertical)
Rest of Asia Pacific (By Vertical)
Rest of the World (Platform, Vertical, Application, Technology, and Sub-Region)
Latin America (By Vertical)
Middle East & Africa (By Vertical)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.