Global Aerospace Printing Materials Market

Aerospace Printing Materials Market Size, Share, Growth Analysis, By Material Type(Metals, Polymers, Ceramics, and Composites), By Application(Commercial Aviation, Defense and Military Aircraft, and Space Exploration), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20A2253 | Region: Global | Published Date: April, 2024
Pages: 200 |Tables: 64 |Figures: 75

Aerospace Printing Materials Market Insights

Global Aerospace Printing Materials 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, growing at a CAGR of 21.4% in the forecast period (2024-2031).

The Global Aerospace Printing Materials Market is a swiftly growing marketplace, pushed by means of the growing demand for lightweight and cost-effective plane components, as well as the need for faster and extra green production strategies. Aerospace 3D printing involves using superior additive manufacturing techniques to provide complicated and difficult parts and structures with excessive precision and accuracy, using various materials which include metals, polymers, and composites. The motive of the Global Aerospace Printing Materials Market is to provide modern and efficient answers for the aerospace industry, permitting manufacturers to provide superb additives with decreased lead instances, lower prices, and extended design flexibility. The market is driven with the aid of several key drivers, such as the growing demand for lightweight and fuel-green planes, the growing adoption of 3D printing technology in aerospace manufacturing, and the upward thrust of the market. However, the market also faces numerous restraints, consisting of the high price of 3D printing equipment and substances, the lack of standardization within the industry, and the restricted availability of skilled personnel.

Market Snapshot - (2024-2031)

Global Market Size

USD 1.94 Billion

Largest Segment

Metals

Fastest Growth

Polymers

Growth Rate

21.4% CAGR

Global Aerospace Printing Materials Market ($ Bn)
Country Share for North America Region (%)

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Aerospace Printing Materials Market Segmental Analysis

Global Aerospace 3D Printing Market is segmented by 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.

Analysis by Application

The commercial aircraft segment dominated the Global Aerospace Printing Materials Market due to its size and demand. The global commercial aviation industry is expanding at an incredible pace, with increasing passenger numbers and demand for lighter, more fuel-efficient aircraft. Aerospace 3D printing has revolutionized the design, driving systems that increase, decreased handling times and significant cost savings make it possible to manufacture previously available products and it is difficult or even impossible to use traditional methods not that this helps not only improves fuel efficiency, but also reduces operating costs of airlines. As a result, the commercial aviation industry is witnessing increased adoption of 3D printing technology, driving the Global Aerospace Printing Materials Market.

Although the military aircraft segment is the largest fastest growing segment of the Global Aerospace Printing Materials Market. Aerospace has seen significant growth in recent years, with ambitious missions and plans to explore the heavens. Spacecraft components must withstand extreme conditions and be lightweight, durable, and reliable. Traditional manufacturing processes often struggle to meet these demanding requirements. However, 3D printing brings game-changing solutions by allowing highly specialized complex parts, reducing weight, improving productivity and optimizing cost along with power manufacturing aerospace printing materials using 3D printing technology is a huge advantage, making it cost-effective and time-consuming Resupply mission unnecessary.

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 and are widely used in critical applications such as engine components, building components and aerospace equipment. The metal segment holds the largest market share in the aerospace 3D printing market, representing a large portion of the overall industry. This is primarily driven by the demand for small, strong, high-performance metal parts that can be efficiently manufactured through 3D printing technology.

The polymer segment is witnessing impressive growth and is the fastest growing segment in the Global Aerospace Printing Materials Market. Polymers offer unique advantages such as low weight, flexibility and low cost. The increasing adoption of polymers in aerospace materials can be attributed to their ability to meet stringent industry requirements while reducing overall aircraft weight and improving fuel efficiency in polymeric materials well designed for aerospace applications is improved It is also through continuous development that these materials exhibit improved mechanical properties, thermal and flame retardancy, and make them suitable for aerospace applications which is important. Furthermore, the ability of 3D printed polymers to rapidly prototype, repeatedly and optimize patterns to reduce handling time and improve productivity.

Global Aerospace Printing Materials Market By Material Type (%), 2022 (%)

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Aerospace Printing Materials Market Regional Insights

North America has established itself as a hub for aerospace innovation, with major aerospace companies and research institutes driving the development and adoption of 3D printing technology. The dominance of this region can be attributed to several factors. First, North America boasts a strong network of aerospace manufacturers and suppliers, allowing 3D printing technology to be easily integrated into existing manufacturing Furthermore, the region gets it benefits from a more skilled workforce, improved infrastructure and greater investment in research and development. In addition, North American governments have been active in promoting 3D printing programs, providing incentives and funding programs to accelerate technological progress in space These programs have provided industry leaders, academics and government agencies integrated, enabling aerospace 3D printing systems.

Asia-Pacific is emerging as the fastest growing Global Aerospace Printing Materials Market. The region’s rapid economic growth, coupled with a growing airline industry, has created a favorable environment for the adoption of this transformative technology Increasing passenger traffic, increased defense budgets and the creation of new airlines in Asia-Pacific pushes aerospace companies in the region to 3D printing as a strategic solution. By using 3D printing technology, productivity can be improved, waste can be reduced, and costs can be saved significantly. Furthermore, Asia-Pacific has many skilled workers, dynamic regulatory environment and strong government support for advanced manufacturing technologies which combination has driven the regional aerospace 3D printing market to n 'forward, attracting local and international players looking to take advantage of the huge growth potential.

Global Aerospace Printing Materials Market By Geography, (2024-2031)
  • Largest
  • Fastest

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Aerospace Printing Materials Market Dynamics

Drivers

Advances in Aerospace 3D Printing Technology

  • Continuous advancement in 3D printing technology, especially in aerospace-grade materials and printing processes drives the growth of Aerospace Printing Materials market. New technologies such as powder bed fusion, directed energy deposition, binder jetting and compressed air formation increased accuracy, lower weight, improved performance characteristics - enable aerospace parts

Lightweight and Robust Spacecraft Required

  • The aerospace industry’s increasing emphasis on lightweight materials and the need for durable, high-performance materials are important factors driving the adoption of 3D printing materials The aerospace industry is looking for materials that provide strength and depth high weight gaps, corrosion resistance and thermal stability, properties to be able to obtain titanium alloys, nickel-based superalloys, by 3D printing advanced materials such as composite materials.

Restraints

Increased Overhead Costs and Production Costs

  • One of the major limitations in the Aerospace Printing Materials market is the high cost associated with materials and processing. Specialty aerospace-grade materials such as titanium, Inconel and composites come at premium prices, driving up manufacturing costs significantly. Furthermore, the initial investment required to acquire and maintain 3D printers and infrastructure increases overall manufacturing costs, leading to increased use of 3D printing at the limits of space production.

Stringent Legal Requirements and Certification Challenges

  • Stringent regulations imposed by aviation authorities such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) pose significant challenges for the adoption of 3D printed materials in aerospace applications therefore ensuring regulatory compliance.

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Aerospace Printing Materials Market Competitive Landscape

The competitive environment of the Global Aerospace Printing Materials Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The Global Aerospace Printing Materials Market is characterized by several key players offering a wide range of 3D printing solutions and services. These players compete for things like supply chains, technological advances, partnerships, and customer relationships. The competitive landscape is dynamic, with new entrants and technological advancements constantly changing the market. It is advisable to review the latest market reports and industry publications to get a comprehensive view of the competitive landscape.

Top Player’s Company Profiles

  • General Electric Company (US)
  • Stratasys Ltd. (US)
  • 3D Systems Corporation (US)
  • EOS GmbH (Germany)
  • ExOne Company (US)
  • Materialise NV (Belgium)
  • Arcam AB (Sweden)
  • SLM Solutions Group AG (Germany)
  • Renishaw plc (UK)
  • 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)

Recent Developments

  • May 2022- Materialise, the global leader in 3D printing solutions, introduces CO-AM, an open software platform to efficiently manage the additive manufacturing (AM) production process CO-AM will give manufacturers cloud-based access to a full range of software tools to enable their AM. Every stage of the project can be planned, managed and optimized. On CO‑AM, with this, materialize fulfills the untapped potential of using AM for sequential and mass production as they are customized.
  • May 2022- Sratasys subsidiary Makerbot and 3D printer maker Ultimaker announce a merger that will see a new desktop 3D printing company announced. The combined company looks to offer a comprehensive ‘ecosystem’ of hardware, software and products for the desktop 3D printing market to an expanding global customer base.
  • May 2022- 3D Systems announces that aerospace manufacturer Airbus has contracted Airbus to develop “critical components” of the OneSat satellite. 3D Systems will now use its DMP Factory 500 platform to serialize parts of its antenna system for the satellite.

Aerospace Printing Materials Key Market Trends

  • Rapid Adoption of Additive Manufacturing in Aerospace Maintenance, Repair, and Overhaul (MRO): A key fashion shaping the aerospace three-D printing materials market is the growing adoption of additive production technology in aerospace preservation, repair, and overhaul (MRO) operations. Airlines and MRO provider vendors are leveraging 3-d printing materials to provide replacement elements, tooling, and additives for plane maintenance, leading to reduced lead instances, value financial savings, and improved fleet availability. The ability to unexpectedly manufacture on-demand parts the usage of 3D printing substances enables green MRO operations and minimizes plane downtime.

Aerospace Printing Materials Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The Aerospace Printing Materials market is driven by advances in additive manufacturing technology, increasing demand for lightweight and robust aerospace materials, and rapid adoption in the MRO industry but rising material costs, regulations challenges and certification requirements hinder the growth of the market. However, key manufacturers such as GE Additive, Stratasys, EOS GmbH and others are actively innovating and expanding their product lines to take advantage of the growing demand for aerospace-grade 3D printing materials.

Report Metric Details
Market size value in 2022 USD 1.94 Billion
Market size value in 2031 USD 11.11 Billion
Growth Rate 21.4%
Base year 2023
Forecast period (2024-2031)
Forecast Unit (Value) USD Billion
Segments covered
  • Material Type
    • Metals, Polymers, Ceramics, and Composites
  • Application
    • Commercial Aviation, Defense and Military Aircraft, and Space Exploration
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
  • General Electric Company (US)
  • Stratasys Ltd. (US)
  • 3D Systems Corporation (US)
  • EOS GmbH (Germany)
  • ExOne Company (US)
  • Materialise NV (Belgium)
  • Arcam AB (Sweden)
  • SLM Solutions Group AG (Germany)
  • Renishaw plc (UK)
  • 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)
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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 Aerospace Printing Materials 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
  • 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 Aerospace Printing Materials 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
  • 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
  • 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(%)

Methodology

For the Aerospace Printing Materials 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 Aerospace Printing Materials 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 Aerospace Printing Materials Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Aerospace Printing Materials 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.

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FAQs

Aerospace Printing Materials 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, growing at a CAGR of 21.4% in the forecast period (2024-2031).

The competitive environment of the Aerospace Printing Materials Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The Aerospace Printing Materials Market is characterized by several key players offering a wide range of 3D printing solutions and services. These players compete for things like supply chains, technological advances, partnerships, and customer relationships. The competitive landscape is dynamic, with new entrants and technological advancements constantly changing the market. It is advisable to review the latest market reports and industry publications to get a comprehensive view of the competitive landscape. 'General Electric Company (US)', 'Stratasys Ltd. (US)', '3D Systems Corporation (US)', 'EOS GmbH (Germany)', 'ExOne Company (US)', 'Materialise NV (Belgium)', 'Arcam AB (Sweden)', 'SLM Solutions Group AG (Germany)', 'Renishaw plc (UK)', '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)'

Continuous advancement in 3D printing technology, especially in aerospace-grade materials and printing processes drives the growth of Aerospace Printing Materials market. New technologies such as powder bed fusion, directed energy deposition, binder jetting and compressed air formation increased accuracy, lower weight, improved performance characteristics - enable aerospace parts

Rapid Adoption of Additive Manufacturing in Aerospace Maintenance, Repair, and Overhaul (MRO): A key fashion shaping the aerospace three-D printing materials market is the growing adoption of additive production technology in aerospace preservation, repair, and overhaul (MRO) operations. Airlines and MRO provider vendors are leveraging 3-d printing materials to provide replacement elements, tooling, and additives for plane maintenance, leading to reduced lead instances, value financial savings, and improved fleet availability. The ability to unexpectedly manufacture on-demand parts the usage of 3D printing substances enables green MRO operations and minimizes plane downtime.

North America has established itself as a hub for aerospace innovation, with major aerospace companies and research institutes driving the development and adoption of 3D printing technology. The dominance of this region can be attributed to several factors. First, North America boasts a strong network of aerospace manufacturers and suppliers, allowing 3D printing technology to be easily integrated into existing manufacturing Furthermore, the region gets it benefits from a more skilled workforce, improved infrastructure and greater investment in research and development. In addition, North American governments have been active in promoting 3D printing programs, providing incentives and funding programs to accelerate technological progress in space These programs have provided industry leaders, academics and government agencies integrated, enabling aerospace 3D printing systems.

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