Aerospace Additive Manufacturing Market is predicted to reach USD 36.25 Billion at a CAGR of 20.24% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Aerospace Additive Manufacturing Market” that contains information from 2018 to 2032. The Aerospace Additive Manufacturing market is estimated to register a CAGR of 20.24% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Aerospace Additive Manufacturing market— Arcam AB (Sweden), 3d Systems Inc (U.S.), Crp Technology SRL (Italy), Concept Laser GMBH (Germany), Eos (Germany), CRS Holdings Inc. (U.S.), Optomec (U.S.), Stratasys Ltd (U.S.), Exone (U.S.), SLM solution group AG (Germany).
Market Highlights
The global Aerospace Additive Manufacturing market is accounted to register a CAGR of 20.24% during the forecast period and is estimated to reach USD 36.25 Billion by 2032.
The Aerospace Additive Manufacturing Market encompasses the industry involved in utilizing additive manufacturing or 3D printing techniques to produce components and parts for the aerospace sector. This market caters to the growing demand for lightweight, complex, and customized aerospace components, leading to improved performance, reduced lead times, and cost savings in the manufacturing process.
Segment Analysis
The global Aerospace Additive Manufacturing market has been segmented based on Application, Platform, Technology and Material.
On the basis of Application, the market is segmented into structural, engine, and others. Due to increased investment in R&D by aircraft original equipment manufacturers (OEMs) in response to rising demand, the engine category commanded the largest revenue share in the aerospace additive manufacturing market in 2022.
Based on Platform, the global Aerospace Additive Manufacturing market has been segmented into spacecraft, aircraft, and unmanned aerial vehicles. The category for spacecraft brought in the most money (70.5%). Because additive manufacturing is being used to produce an increasing number of aeroplane parts, including cast metal parts, interior items, air ducts, and engines.
Based on Technology, the global Aerospace Additive Manufacturing market has been segmented into laser sintering, 3D printing, electron beam melting, fused deposition modeling, and stereo lithography. The fused deposition modeling category is expected to develop at a CAGR of 20.24% over the projected period, making up the largest market share.
Based on Material, the global Aerospace Additive Manufacturing market has been segmented into plastic, rubber, metal alloy, and others. Metal alloys, which now have the biggest market share, are anticipated to increase at the fastest rate over the coming several years, with a CAGR of 20.24%.
Regional Analysis
The global Aerospace Additive Manufacturing market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Aerospace Additive Manufacturing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aerospace Additive Manufacturing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aerospace Additive Manufacturing market comprises of Middle East, Africa, and Latin America.
The North American Aerospace Additive Manufacturing Market dominated this market in 2022. because the aviation and defence sectors have seen more investment. The region also has a burgeoning aviation sector and increased spending on cutting-edge military weapons.
Additionally, the second-largest market share for Aerospace Additive Manufacturing is held by Europe’s. The market in Europe is growing as a result of rising investments in the aviation sector, the adoption of state-of-the-art defence gear, and advances in additive manufacturing.
Moreover, From 2023 to 2032, the aerospace additive manufacturing market in Asia-Pacific is anticipated to expand at the quickest CAGR. This growth is primarily being driven by increased investments in the creation of lightweight components for the aerospace and defence sectors. The aerospace additive manufacturing market in China had the biggest market share, and the market in India had the quickest rate of growth in the Asia-Pacific region.
Key Findings of the Study
- The global Aerospace Additive Manufacturing market is expected to reach USD 36.25 Billion by 2032, at a CAGR of 20.24% during the forecast period.
- The North American Aerospace Additive Manufacturing Market dominated this market in 2022. because the aviation and defence sectors have seen more investment.
- based on material, The category with the largest market share is a metal alloy.
- Arcam AB (Sweden), 3d Systems Inc (U.S.), Crp Technology SRL (Italy), Concept Laser GMBH I (Germany), Eos (Germany), CRS Holdings Inc. (U.S.), Optomec (U.S.), Stratasys Ltd (U.S.), Exone (U.S.), SLM solution group AG (Germany).
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Companies Covered | 15 |
Pages | 134 |
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