A Aerospace 3D Printing Market Forecasts to 2028 – Global Analysis By Offerings (Materials, Printers and Other Offerings), Technology (Material Extrusion Or Fusion Deposition Modeling (FDM), Polymerization and Other Technologies), Platform (UAVs

Aerospace 3D Printing Market Forecasts to 2028 – Global Analysis By Offerings (Materials, Printers and Other Offerings), Technology (Material Extrusion Or Fusion Deposition Modeling (FDM), Polymerization and Other Technologies), Platform (UAVs, Aircraft and Spacecraft), End Product (Structural Components, Engine Components and Other End Products), Printer Technology (SLA, FDM and Others), Application, End User and By Geography

According tStratistics MRC, the Global Aerospace 3D Printing Market is accounted for $2.00 billion in 2022 and is expected treach $6.09 billion by 2028 growing at a CAGR of 20.4% during the forecast period. Using computer-aided design (CAD) models, 3D printing, alsknown as additive manufacturing creates three-dimensional objects layer by layer. The 3D printing process produces components that are more accurate and with less waste than traditional production methods. Rapid prototyping and concept creation were the main uses of 3D printing technology, but with advances in material science, the process has expanded tinclude the production of complicated components. The ability for engineers treplace multiple small joints and machined parts with a single, complicated component through 3D printing has created previously unheard-of economic prospects in the aerospace sector.

According tthe report published by the International Air Transport Association (IATA) that represents 83% of total commercial air traffic, the market is up by 50% compared t2019. It predicts the rise of air traffic by 4% over the next 20 years.

Market Dynamics:

Driver:

Significant usage of 3D printing in the production of inexpensive rapid tooling

Injection moulding, thermoforming, and the fabrication of jigs and fixtures all benefit greatly from the disruption and value of 3D printing. This makes it possible for tooling for the aerospace sector tbe swiftly and affordably developed before being used tgenerate low tmedium runs of parts. These uses are anticipated tgrow the 3D printing market for aircraft globally. In the aerospace industry, where production volumes are often high, 3D printing has been widely used as a prototyping solution rather than for the manufacture of finished parts. Especially for high-end interior build-outs, 3D printing has become a realistic choice for various medium-sized production runs thanks tadvancements in the size, printing speed, and materials presently available.

Restraint:

High volume production of aerospace components is slower as compared ttraditional manufacturing

In the traditional manufacturing of aerospace components, an increase in production volume leads tdecreased manufacturing costs while maintaining the same production speed. However, the manufacturing costs associated with 3D printing technology rise as the production scale increases, making the technique more appropriate for smaller production volumes. In comparison ttraditional manufacturing, the expenses associated with operating and purchasing 3D printing equipment and the cost of the raw materials used in 3D printing are higher. Although it can be overcome by lowering the cost of the raw materials used in 3D printing, this element presents a barrier tthe expansion of the aerospace 3D printing business.

Opportunity:

Adoption of 3D Printing by Leading Companies

In the aerospace sector, Airbus has emerged as a prominent user of additive manufacturing. Since installing the first titanium 3D-printed component for an aircraft in serial production, Airbus has added more complex 3D-printed components tits models. For instance, the Airbus A350 XWB has more than 1,000 3D-printed parts. Airbus collaborated with the Swiss OEM Liebherr-Aerospace tsource more serially produced 3D-printed parts for the aircraft, including a printed nose landing. The antenna was created for Spacecom, an Israeli business that launched its AMOS 17 satellite successfully.

Threat:

The post processing of 3d printed components is a time consuming procedure

Most 3D printed items need some sort of cleaning up tget rid of support material from the construction and tsmooth the surface tget the desired finish, even though huge parts need post-processing. Water jetting, sanding, chemical soak and rinse, air or heat drying, assembling, and other post-processing techniques are used. Although though 3D printing enables quick creation of parts, post-processing has the potential tsignificantly down manufacturing time. Product deliveries may be delayed as a result of slower manufacturing because of how the supply chain may be impacted.

Covid-19 Impact

The COVID-19 pandemic had a substantial detrimental influence on the market and the aviation industry between 2020 and 2022. A variety of operations in the aviation industry, including aircraft manufacture, the supply of raw materials, and the distribution network, among others, were briefly put on hold due tthe global lockdown situation. These problems have had a negative impact on the supply chain, causing backlogs for the key companies and delays in aircraft delivery, which is bad for the market's expansion. A number of business stakeholders, most notably Stratasys, from the additive manufacturing sector, offered tprovide medical equipment for hospitals in order tmitigate the impact of COVID-19.

The aircraft segment is expected tbe the largest during the forecast period

The aircraft segment is estimated thave a lucrative growth. The 3D-printed components are being used by numerous aeroplane Makers in their models. For instance, in March 2021, Airbus extended its contract with Stratasys tinclude the fabrication of 3D-printed polymer systems for the interiors of aircraft. The renewal includes the production of parts for many more aircraft platforms in addition tspare part production, whereas the former deal only covered the A350 aircraft.

The FDM segment is expected thave the highest CAGR during the forecast period

The FDM segment is anticipated twitness the fastest CAGR growth during the forecast period. The FDM is being used more frequently in the aerospace industry tconstruct concept models made in the first stages of product development. FDM models reduce costs and development time. Moreover, FDM offers end-use components strong enough tbe included intthe finished product without the expense or lead-time of conventional tooling or machining.

Region with highest share:

Asia Pacific is projected thold the largest market share during the forecast period owing tthe expansion of manufacturing firms in the area. Affluent chances for the market's expansion over the projection period are being presented by the presence of sophisticated development facilities and possible manufacturing facilities throughout China, South Korea, and Singapore.

Region with highest CAGR:

North America is projected thave the highest CAGR over the forecast period, owing tthe increasing need for aircraft and space exploration missions is currently driving the deployment of aerospace 3D printers in North America. The highest market share for 3D printing in aerospace is anticipated tremain in North America. The region's greater manufacturing base for aerospace components, presence of important industrial players, and rising investment in 3D printing technology may all be contributed tthe market's predicted rise.

Key players in the market

Some of the key players profiled in the Aerospace 3D Printing Market include EOS GmbH ElectrOptical Systems, Stratasys Ltd, Norsk Titanium US Inc., 3D Systems, Inc., Ultimaker BV, Materialise, General Electric Company, ProtLabs, Inc., CleanGreen3D, The ExOne Company, Vel3D, Relativity Space, SLM Solutions Group AG, EnvisionTEC and Voxeljet AG.

Key Developments:

In May 2022, Materialise, a global leader in 3D printing solutions introduced CO-AM, an open software platform tmanage the additive manufacturing (AM) production process more efficiently. CO-AM will give manufacturers cloud-based access ta full range of software tools that allow them tplan, manage and optimize every stage of their AM operations. With CO AM, with this, Materialise has addressed the untapped potential tuse AM for serial manufacturing and mass personalization.

In May 2022, Sratasys subsidiary MakerBot and 3D printer manufacturer Ultimaker announced a merger that will see the creation of a new desktop 3D printing company. The merged company will look tprovide a comprehensive ‘ecosystem’ of hardware, software and materials for the desktop 3D printing market tan expanded global customer base.

In May 2022, 3D Systems announced that aerospace manufacturer Airbus has contracted it tproduce “critical components” of the satellite OneSat by Airbus. 3D Systems will now deploy its DMP Factory 500 platform tserially produce parts of its antenna arrays for the satellite.

Offerings Covered:
• Hardware
• Software
• Services
• Other Offerings

Technologies Covered:
• Material Extrusion Or Fusion Deposition Modeling (FDM)
• Polymerization
• Powder Bed Fusion
• Other Technologies

Platforms Covered:
• Unmanned Aerial Vehicle (UAV)
• Aircraft
• Spacecraft

End Products Covered:
• Structural Components
• Engine Components
• Other End Products

Printer Technologies Covered:
• Stereolithography (SLA)
• Selective Laser Melting (SLM)
• Direct Metal Laser Sintering (DMLS)
• Selective Laser Sintering (SLS)
• Continuous Liquid Interface Production (CLIP)
• Other Printer Technologies

Applications Covered:
• Prototyping
• Tooling
• Functional Parts
• Other Applications

End Users Covered:
• Original Equipment Manufacturer (OEM)
• Maintenance, Repair, and Overhaul (MRO)

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements