USD 1.94 Billion
Global Aerospace 3D Printing Market Size, Share, Growth Analysis, By Material Type(Metals, polymers), By Application(Commercial aviation, defense and military aircraft) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2171 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
64 |
Figures:
75
Global Aerospace 3D Printing Market Insights
Global Aerospace 3D Printing Market size was valued at USD 1.94 Billion in 2022 and is poised to grow from USD 2.36 Billion in 2023 to USD 11.11 Billion by 2031, at a CAGR of 21.4% during the forecast period (2024-2031).
The Global Aerospace 3D Printing Market is a rapidly growing market, driven by the increasing demand for lightweight and cost-effective aircraft components, as well as the need for faster and more efficient production processes. Aerospace 3D printing involves using advanced additive manufacturing techniques to produce complex and intricate parts and structures with high precision and accuracy, using various materials such as metals, polymers, and composites. The purpose of the aerospace 3D printing market is to provide innovative and efficient solutions for the aerospace industry, enabling manufacturers to produce high-quality components with reduced lead times, lower costs, and increased design flexibility. The market is driven by several key drivers, including the growing demand for lightweight and fuel-efficient aircraft, the increasing adoption of 3D printing technologies in aerospace manufacturing, and the rise of the unmanned aerial vehicle (UAV) market. However, the market also faces several restraints, including the high cost of 3D printing equipment and materials, the lack of standardization in the industry, and the limited availability of skilled personnel.
Despite these challenges, the aerospace 3D printing market is expected to continue growing at a rapid pace, with several key trends driving market growth. One of the key trends in the market is the increasing adoption of metal 3D printing technologies, which enable manufacturers to produce high-quality metal components with greater precision and accuracy. Another trend is the development of new materials for 3D printing, including advanced composites and ceramics, which offer superior strength, durability, and thermal resistance. The market also presents several key opportunities for growth, including the increasing use of 3D printing in the repair and maintenance of aircraft components, the growing demand for UAVs and other unmanned systems, and the increasing adoption of 3D printing by defense and space agencies.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Metals
Fastest Growth
Metals
Growth Rate
21.4% CAGR
Global Aerospace 3D Printing Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Aerospace 3D Printing Market Size By Material Type 2021-2030 ($ Bn)
Global Aerospace 3D Printing Market Size By Material Type 2021-2030 (%)
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Global Aerospace 3D Printing Market Segmental Analysis
Global Aerospace 3D Printing Market is segmented on the basis of material type, application, and region. By material type, the market is segmented into metals, polymers, ceramics, and composites. By application, the market is segmented into commercial aviation, defense and military aircraft, and space exploration. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aerospace 3D Printing Market Analysis by Material Type
Metals, such as titanium, aluminum, and stainless steel, dominated the global market due to their exceptional strength, durability, and heat resistance properties. They are widely used in critical components like engine parts, structural elements, and aerospace tooling. The metal segment holds the largest market share in the aerospace 3D printing market, representing a significant portion of the overall industry. This is primarily driven by the demand for lightweight, high-performance, and complex metal parts that can be efficiently produced through 3D printing technology.
The polymers segment is witnessing remarkable growth and is the fastest growing segment in the aerospace 3D printing market. Polymers offer unique advantages such as low weight, flexibility, and cost-effectiveness. The increasing adoption of polymers in aerospace applications can be attributed to their ability to meet stringent industry requirements while reducing the overall weight of aircraft and improving fuel efficiency. With advancements in polymer formulations and 3D printing techniques, aerospace manufacturers are increasingly utilizing polymers to produce intricate components, interior cabin parts, and even unmanned aerial vehicles (UAVs). The growth of the polymers segment is also driven by the continuous development of high-performance polymer materials specifically designed for aerospace applications. These materials exhibit enhanced mechanical properties, heat resistance, and flame retardancy, making them suitable for critical aerospace components. Furthermore, the ability to 3D print polymers allows for rapid prototyping, design iteration, and customization, leading to reduced lead times and improved operational efficiency.
Aerospace 3D Printing Market Analysis by Application
The commercial aviation segment dominated the aerospace 3D printing market due to its massive scale and demand. The global commercial aviation industry has been expanding at an impressive pace, with increasing passenger traffic and the growing need for fuel-efficient and lightweight aircraft. Aerospace 3D printing has revolutionized the manufacturing process, offering enhanced design capabilities, reduced lead times, and significant cost savings. By leveraging the power of 3D printing, aircraft manufacturers can produce complex and lightweight components that were previously challenging or even impossible to manufacture using traditional methods. This not only contributes to improved fuel efficiency but also lowers operating costs for airlines. Consequently, the commercial aviation segment is witnessing substantial adoption of 3D printing technology, driving the growth of the aerospace 3D printing market.
While the commercial aviation segment remains the largest, the space exploration sector is the fastest-growing segment within the aerospace 3D printing market. The exploration of space has gained tremendous momentum in recent years, with various ambitious missions and plans to explore celestial bodies. Spacecraft components need to withstand extreme conditions while being lightweight, durable, and reliable. Traditional manufacturing processes often struggle to meet these demanding requirements. However, 3D printing presents a game-changing solution by allowing the creation of intricate and highly specialized parts, reducing weight, improving performance, and optimizing cost-efficiency. Additionally, the ability to manufacture spare parts in space using 3D printing technology is a significant advantage, eliminating the need for costly and time-consuming resupply missions. These factors, combined with the increasing investments in space exploration and the rising number of public and private entities venturing into this domain, contribute to the exponential growth of the aerospace 3D printing market within the space exploration segment.
Global Aerospace 3D Printing Market Size By Material Type 2021(%), 2023 (%)
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Global Aerospace 3D Printing Market Regional Insights
Leading the charge in the aerospace 3D printing market is North America, a region known for its cutting-edge technological advancements and robust aerospace industry. North America has established itself as the epicenter of aerospace innovation, with major aerospace companies and research institutions driving the development and adoption of 3D printing technology. The region's dominance can be attributed to several factors. Firstly, North America boasts a strong network of aerospace manufacturers and suppliers, enabling seamless integration of 3D printing technology into existing production processes. Additionally, the region benefits from a highly skilled workforce, advanced infrastructure, and substantial investments in research and development. Furthermore, governments in North America have been proactive in promoting 3D printing initiatives, offering incentives and funding programs to accelerate technological advancements in the aerospace sector. These initiatives have fostered collaboration between industry leaders, academia, and government bodies, creating a fertile ground for aerospace 3D printing to flourish.
While North America continues to lead, the Asia-Pacific region is emerging as the fastest-growing market for aerospace 3D printing. The region's rapid economic growth, coupled with a burgeoning aviation industry, has created a conducive environment for the adoption of this transformative technology. Asia-Pacific is witnessing a surge in aerospace manufacturing activities, fueled by increased passenger traffic, rising defense budgets, and the establishment of new airlines. To stay competitive in this dynamic landscape, aerospace companies in the region are turning to 3D printing as a strategic solution. By leveraging 3D printing technology, they can enhance production efficiency, reduce material wastage, and achieve significant cost savings. Moreover, the Asia-Pacific region boasts a vast pool of skilled labor, a proactive regulatory environment, and strong government support for advanced manufacturing technologies. This combination has propelled the region's aerospace 3D printing market forward, attracting both local and international players seeking to capitalize on the immense growth potential.
Global Aerospace 3D Printing Market Size By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
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Global Aerospace 3D Printing Market Dynamics
Aerospace 3D Printing Market Drivers
Cost-effective production
- One of the main drivers of the aerospace 3D printing market is the cost-effectiveness of the technology. 3D printing allows manufacturers to produce complex parts with fewer materials and lower production costs, which is especially important in the aerospace industry where cost savings are a top priority. For example, General Electric has used 3D printing to produce fuel nozzles for their LEAP engine, reducing the number of parts from 20 to one and resulting in significant cost savings.
Customization and design flexibility
- Another driver of the aerospace 3D printing market is the ability to customize and produce complex designs with greater ease. This flexibility allows manufacturers to produce parts with intricate geometries that would be difficult or impossible to manufacture using traditional methods. For instance, Airbus has used 3D printing to create a partition for their A320neo aircraft that is both lighter and stronger than previous designs.
Aerospace 3D Printing Market Restraints
Limited material options
- One of the main restraints of the aerospace 3D printing market is the limited range of materials that can be used in the process. Currently, most 3D printing in aerospace is done using metals and plastics, which limits the range of applications for the technology. For example, 3D printing cannot be used to produce parts made of composites, which are commonly used in the aerospace industry.
Quality control and certification
- Another restraint of the aerospace 3D printing market is the need for rigorous quality control and certification processes. As 3D printed parts become more complex and are used in critical components of aircraft, such as engines and turbines, it becomes increasingly important to ensure that they meet strict safety and reliability standards. This requires extensive testing and certification processes, which can be time-consuming and costly.
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Global Aerospace 3D Printing Market Competitive Landscape
Global Aerospace 3D Printing Market is characterized by the presence of several prominent players offering a wide range of 3D printing solutions and services. These players compete on factors such as product offerings, technological advancements, partnerships, and customer relationships. The competitive landscape is dynamic, with new entrants and advancements in technology continually shaping the market. It's advisable to refer to the latest market reports and industry publications for a comprehensive view of the competitive landscape.
Top Player’s Company Profiles in Aerospace 3D Printing Market
- 3D Systems Corporation (US)
- EOS GmbH (Germany)
- ExOne Company (US)
- Materialise NV (Belgium)
- Arcam AB (Sweden)
- SLM Solutions Group AG (Germany)
- Proto Labs, Inc. (US)
- HP Inc. (US)
- Concept Laser GmbH (Germany)
- Carpenter Technology Corporation (US)
- Norsk Titanium AS (Norway)
- EnvisionTEC GmbH (Germany)
- Optomec Inc. (US)
- Additive Industries (Netherlands)
- GKN Aerospace (UK)
- Boeing (US)
- Airbus SE (Netherlands/France)
Aerospace 3D Printing Market Recent Developments
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In January 2023, Mark3D UK, a UK-based 3D printing solutions company specializing in Markforged technology, announced the launch of a new Aerospace and Defense Division out of the United Kingdom's iAero Centre in a bid to support the adoption of additive manufacturing within the sector.
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In February 2023, Pentagon gave $1.5 million to New Frontier Aerospace (NFA) for a 3-D printed Hypersonic Engine known as the Mjolnir engine, whose high weight-to-thrust ratio makes it suitable for all hypersonic aircraft to planetary landers due to its carbon-free and flexibility in operation.
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In April 2023, 3D Systems successfully verified the properties of NASA's latest superalloy based on the laser powder bed, GRX-810. This is a potential game-changer for the aerospace industry, delivering an unmatched balance of durability, ductility, creep life, and heat resistance. 3D Systems is committed to pushing the boundaries of additive manufacturing and enabling the production of next-generation aerospace components.
Global Aerospace 3D Printing Key Market Trends
- Use of 3D printing for on-demand spare parts: A key trend in the aerospace 3D printing market is the use of technology to produce on-demand spare parts. As aircraft become more complex and specialized, the need for specific spare parts increases. 3D printing allows manufacturers to produce parts quickly and cost-effectively, reducing the time and cost associated with traditional spare part production and inventory management.
- Integration of 3D printing into supply chains: Another trend in the aerospace 3D printing market is the integration of 3D printing into supply chains. As manufacturers and suppliers begin to adopt 3D printing, they are finding new ways to streamline the production process, reduce lead times, and cut costs. For example, Boeing has integrated 3D printing into their supply chain, allowing them to produce complex parts more quickly and efficiently.
Global Aerospace 3D Printing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Aerospace 3D Printing Market analysis, the market growth is driven by technological advancements and increasing demand for lightweight, complex, and customized aerospace components. The adoption of 3D printing technology in aerospace enables faster prototyping, reduced material wastage, enhanced design flexibility, and cost-effective production of parts, leading to improved operational efficiency and reduced manufacturing lead times. Additionally, the growing trend of additive manufacturing in the aerospace industry is fueled by its ability to produce intricate geometries, optimize weight, and integrate multiple components into a single part, resulting in improved fuel efficiency and overall aircraft performance. Furthermore, the rising need for spare parts on-demand, reduced supply chain complexities, and the ability to produce parts on-site or in remote locations are further propelling the market growth. However, challenges related to material certification, process control, and the high initial investment required for 3D printing systems are expected to hinder the market growth to some extent. Nonetheless, with ongoing technological advancements and increasing collaborations between aerospace companies and 3D printing solution providers, the aerospace 3D printing market is poised for significant expansion in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.94 Billion |
| Market size value in 2031 | USD 11.11 Billion |
| Growth Rate | 21.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aerospace 3D Printing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aerospace 3D Printing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aerospace 3D Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aerospace 3D Printing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aerospace 3D Printing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aerospace 3D Printing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aerospace 3D Printing Market Report Snapshots
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