Aerospace Additive Manufacturing Market Accruals to Quadruple By 2021

Pune, India,  December, 2017/MRFR Press Release/- Market Research Future Published a Cooked Research “Global Aerospace Additive Manufacturing Market Research Report - Forecast to 2021” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021.    

Aerospace Additive Manufacturing Market – Market Overview

Additive manufacturing is a process that can build a three-dimensional object based on a CAD digital model.  AM uses an 'additive' process, where an object is built by applying materials in successive layers as per the CAD design. Unlike the conventional manufacturing, which involves 'subtractive' process (e.g., cutting, drilling, milling) and forming (bending, shaping), the AM process requires minimum or no tooling to build the finished product.

Weight reduction is a key necessity in modern aircraft design as it helps to reduce fuel consumption and CO2 emissions. AM can create parts that are lightweight while also reducing the consumption of materials used, in comparison to the conventional manufacturing techniques. AM provides with the possibility to manufacture on-site, as and when required. It simplifies and shortens the manufacturing supply chain. AM also contributes to reduce or eliminate tooling, welding, inventory and entire assembly lines. AM also provides with the ease of manufacturing for complex parts and increased design freedoms. Increased utilization and acceptance of AM in the aerospace industry has further accelerate the growth of the market.

However, there are various hurdles hampering the rapid commercialization and wide-scale utilization of AM, for aerospace parts and products. The current AM technology is not yet capable enough to compete with conventional manufacturing techniques in terms of speed of production and reliability. There are also issues associated with limited choices for materials (only a fraction of materials used for conventional manufacturing are currently suitable for AM process).

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Aerospace Additive Manufacturing Market – Competitive Analysis

Aerospace industry is one of the early adopter of AM technology. It is also one of the single largest major market segment, currently constituting 12% of the total AM market. The major turning point for the increased adoption of AM in the aerospace industry has been the increased penetration of improved metal-based AM system since 2011. These industrial grade AM systems provide a relatively better advantages in terms of build speed, cost and materials rationalization. Also, AM is regarded as the disruptive force that will lead the future of manufacturing, as it offers new ground for innovation, logistical advantages, and on-demand product manufacturing capability.  

Also major aerospace companies such as Boeing, Airbus and GE are actively involved in AM. In 2012, GE bought AM Morris Technologies, one of the biggest metal AM companies in the world. The company has ramped up AM manufacturing for aero engine parts. Increasing sales of AM systems, materials, technological advances, and increased use of AM for various aerospace parts indicate a rapid growth in aerospace additive manufacturing market.

Key Players:

The leading market players in the global Aerospace Additive Manufacturing market primarily include 3D Systems, Arcam, EOS, ExOne, Stratasys, ATI, Carpenter Technology, Concept laser, CRP Technology, Optomec, Proto Labs, Renishaw, SLM Solutions, and Voxeljet.

Industry/ Innovation/ Related News:

November 7, 2017 - 3D Systems announced award of a new 3-year contract with BMW. The contract for the company’s On Demand Manufacturing (ODM) Services includes production of 3D printed parts that BMW will use for design and functional prototypes.

July 10, 2017:- GE Additive made significant strides within the aerospace industry at the recent Paris Air Show by forging strategic supplier agreements, announcing a unique new additive machine, and meeting hundreds of potential customers. While GE Additive has been engaged in the revolutionary additive manufacturing technology for decades. Through acquisitions and billions of dollars in internal technology investments, GE Additive is aggressively industrializing the technology across several industries.

Aerospace Additive Manufacturing Market – Segments

For the convenience of the report and enhanced understanding; The Aerospace Additive Manufacturing Market is segmented in to 2 key dynamics

Segmentation by Technology: 3D Printing, Laser Sintering, Stereo Lithography, Fused Deposition Modeling, and Electron Beam Melting.

Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin)

, Europe, APAC and Middle East & Africa.        

Aerospace Additive Manufacturing Market –

Regional Analysis

The US is the single largest market for AM industry worldwide. The US leads in production and sales of industrial grade AM machines. Major AM systems producers such as Stratasys and 3D Systems are also based in the US, which have pushed the innovation in AM technology and have helped to increase the adoption of AM.   

US also has an advanced aerospace manufacturing base and spends a substantial amount on large R&D projects. However, the traditional manufacturing base are slowly shifting towards the APAC region, because of competitive and low-cost manufacturing capability in APAC. AM provides an important opportunity to the US to develop the high-tech manufacturing capability, and revive the competitiveness and market potential of the US manufacturing industry. Despite the current limitations of AM in terms of large scale production capability, AM provides unique opportunities to the aerospace sector, mainly to produce low-volume, and highly complex products.

Many companies have realized the superior benefits of AM in comparison to the conventional manufacturing, and have employed AM to achieve supply chain efficiencies, and reduced time-to-market. As a result, AM has received the much needed attention in policy as well as manufacturing circles in the US.

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