Size of the aerospace 3D printing market worth $ 2.18 billion by 202 …
(MENAFN – GetNews)
“Polaris Market Research” The global aerospace 3D printing market was valued at $ 527.7 million in 2020 and is expected to reach $ 2.18 billion by 2028 to grow at a CAGR of 24.1% during the forecast period.
The global aerospace 3D printing market size is expected to reach $ 2.18 billion by 2028, according to a new study from Polaris Market Research. The report “Aerospace 3D Printing Market Share, Size, Trends, Industry Analysis Report, by Technology (FDM, SLS, SLA, PBF, others); By platform; By vertical; By application; By region; Segment forecast, 2021 – 2028 » gives a detailed overview of current market dynamics and provides analysis of future market growth.
The aerospace industry is a prime candidate for three-dimensional technology, primarily due to the short lead times and dramatically reduced production cycles achieved through three-dimensional printing. The technology also fosters innovation by lowering costs, dramatically reducing the number of parts and improving part finishings, which further intensifies its growth in the global industry. In addition, there is also a trend of reducing carbon emissions in the industry, which is well handled by three-dimensional printing through optimal use of materials with lower scraping rate and significant weight reduction, this which improves fuel economy and reduces carbon footprint.
Request a sample report from:
Industry participants such as Aerojet Rocketdyne, Stratasys Ltd., Ultimaker BV, 3D Systems Corporation, The ExOne Company, Arcam AB, GE Aviation, Hoganas AB, Envision GmbH and EOS GmbH are some of the major competing players in the global market.
Among the types of technologies, selective laser sintering has been increasingly adopted by the major players in the industry, showing significant growth in the industry. In May 2021, Materialize (a leading player in the three-dimensional technology market) qualified its laser sintered parts made with PA 2241-FR to Airbus as ready-to-fly parts. The technology enables profitable production, thus meeting strict quality standards.
The growing need to reduce lead times, save manufacturing costs and improve fuel economy has attracted the attention of three-dimensional technology among emerging Asian economies, paving the way for small and medium-sized industrial players and start-ups -ups producing three-dimensional parts eager to expand in the industry with unique offers.
Request a rebate price with your specific research needs at:
Aerospace 3D Printing Market Overview
Aerospace 3D Printing Market Assessment by Platform
- Commercial aircraft
- Military planes
Vertical Aerospace 3D Printing Market Assessment
Global Aerospace 3D Printing Market, By Technology
Aerospace 3D Printing Market, By Application
- Structural components
- Components of spacecraft
Aerospace 3D Printing Market Assessment by Geography
- North America (United States, Canada)
- Europe (Austria, France, Germany, Italy, Netherlands, Spain, United Kingdom)
- Asia-Pacific (China, India, Indonesia, Japan, Malaysia, Australia)
- Latin America (Brazil, Mexico and Argentina)
- Middle East and Africa (Israel, United Arab Emirates, Saudi Arabia and South Africa)
Do you have a specific question or requirement? Don’t hesitate to ask our industry experts at:
Other studies relevant to this industry:
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence services and in-depth business research to our clientele spread across different companies. At Polaris, we are committed to serving our diverse customer base present in the healthcare, technology, semiconductor and chemicals industries among various other industries present around the world. We strive to provide our customers with up-to-date information on innovative technologies, high growth markets, emerging business environments and the latest business-centric applications, helping them to always make informed decisions and leverage new opportunities. With a team of highly knowledgeable, experienced and extremely skilled experts including SMEs, analysts and consultants, we at Polaris strive to provide value-added business solutions to our clients.
Legal warning: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility for the accuracy, content, images, videos, licenses, completeness, legality or reliability of the information contained in this article. If you have any complaints or copyright issues related to this item, please contact the supplier above.