Aerospace 3D Printing Market Analysis

Aerospace 3D Printing Market Overview

Aerospace 3D Printing Market Size was valued at USD 2 billion in 2023. The aerospace 3D printing market industry is projected to grow from USD 2.4 Billion in 2024 to USD 7.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20% during the forecast period (2024 - 2032). Growing demand for new aircraft, increasing passenger traffic, and growing demand for 3d printed replacement parts are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Aerospace 3D Printing Market Trends

Aerospace Market CAGR The aerospace industry's decreased rate of producing aircraft parts, the rising demand for lightweight parts to cut down on manufacturing time overall while still being cost-effective, and the increasing use of 3D printing are the main factors driving the industry's adoption of this technology. Of of the 2,408 aircraft that were delivered around the world in 2020, 1,321 (or 55%) were piston-powered, 644 (or 27%) were jets, and 443 (or 18%) were turboprops. 1,324 (or 50%) of the 2,658 aircraft delivered ly in 2019 had a piston engine, 809 (or 30%) were jets, and 525 (or 20%) were turboprops. More than 4,900 aircraft had engines made by CFM International as of December 31st, 2019. On the other hand, during that same time period, engines made by General Electric Aviation were installed on nearly 2,854 Boeing aircraft.

Together with the rise in demand for lightweight components, the need for quick 3D prototyping is anticipated to fuel the overall expansion of the aerospace 3D printing market over the forecasted period of time.

In order to create functional end-use components in 2020, more than 50% of engineering companies reported increasing their use of 3D printing prototypes, while 30% of companies said that their use of 3D printing prototypes for end-use parts remained constant from 2019 to 2020.

Additionally, the increasing use of ultem 9085 aerospace, Boeing 3D printing, 3D printing applications in aerospace (manufacturing of metal brackets, and Prototypes), numerous advantages of 3D printing in aerospace and defense (enabling just-in-time distributed production and manufacturing, reducing supply chain costs while also adding manufacturing, etc.), and the ongoing expansion of the aerospace 3D printing materials market (with a CAGR of 17.83% and revenue of USD 256.3) are all factors. driving the revenue of the aerospace 3D printing market.

Aerospace 3D Printing Market Segment Insights

Aerospace 3D Printing Technology Insights

The aerospace 3D printing market segmentation, on based technology includes Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM), Continuous Liquid Interface Production (CLIP). In 2022, the fused deposition modelling (FDM) segment will dominate the aerospace 3D printer market. The FDM is increasingly being used in the aerospace industry to create concept models during the early stages of product development. During development, FDM models save money and time. Furthermore, FDM produces end-use parts that are robust enough to be integrated into the final product without the cost or lead time associated with traditional tooling or machining.

Aerospace 3D Printing Application Insights

The aerospace 3D printing market segmentation, based on application, includes Engine, Structural, Space Components. With the largest market share in 2022, the "Engine Components" sector largely dominated the market. Increased strength, ease of designing, lightweight, strong durability of the generated components, and their cost-effectiveness are some of the key aspects that are considerably propelling the total expansion of the aerospace 3D printing industry.

Figure1  Aerospace 3D Printing Market, by Application, 2022& 2030 (USD billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Aerospace 3D Printing Industry Insights

Aircraft, Spacecraft, and UAV are the industry segments of the aerospace 3D printing market data. In 2022, the 'Aircraft' category accounted for about 79.23% of the total market. Factors such as the requirement for lightweight, cost-effective aircraft, as well as the rapid fabrication of complicated parts, are fueling the overall expansion of this category over the anticipated period.

Aerospace 3D Printing Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. In 2022, North America held the largest market share. The increasing demand for aircraft and space exploration programmes is currently driving the adoption of aerospace 3D printers in North America. Growing North American Demand for Lightweight Components for Modern Aircraft to Support Segmental Growth. The largest market share for 3D printing in aerospace is anticipated to remain in North America. The region's larger manufacturing base for aerospace components, presence of key industrial players, and rising investment in 3D printing technology can all be attributed to the market's forecasted growth.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: AEROSPACE 3D PRINTING MARKET SHARE BY REGION 2022 (%)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s aerospace 3D printing market accounts for the second-largest market share due to the increase in investment by the European government in the development of aircraft programmers’ is expected to drive the market in the region. Further, the German aerospace 3D printing market held the largest market share, and the UK aerospace 3D printing market was the fastest-growing market in the European region

The Asia-Pacific Aerospace 3D Printing   Market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to the increasing adoption of additive manufacturing in Asia Pacific can be ascribed to advances and upgrades in the region's manufacturing industry. Moreover, China’s aerospace 3D printing market held the largest market share, and the Indian aerospace 3D printing market was the fastest-growing market in the Asia-Pacific region.

Aerospace 3D Printing Key Market Players & Competitive Insights

Leading market players are spending a lot of money on R&D to diversify their product offerings, which will drive the aerospace 3D printing market to expand even further. Market participants are also engaging in a range of strategic initiatives to broaden their worldwide reach. Significant market developments include new product launches, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Cost-effective products are necessary for the aerospace 3D printing industry to grow and thrive in a more competitive and challenging market environment.

Producing locally to reduce operational costs is one of the most important business strategies utilized by manufacturers in the worldwide aerospace 3D printing industry to benefit customers and expand the market sector. The aerospace 3D printing industry has recently provided some of the most significant benefits to medical. 3D Systems Corporation is a major player in the aerospace 3D printing market (US). Aerojet Rocketdyne (US), Arcam AB (Sweden), Envisiontec GmbH (Germany), EOS GmbH (Germany), Hoganas AB (Sweden), and other firms are expected to let new entrants into the industry in the next years, increasing competition.

The Lockheed Martin Corporation is a multinational aerospace, armaments, military, information security, and technology firm headquartered in the United States. In March 1995, Lockheed Corporation merged with Martin Marietta to become the company. Its headquarters are in North Bethesda, Maryland, near Washington, D.C. As of January 2022, Lockheed Martin employs around 115,000 people worldwide, including approximately 60,000 engineers and scientists. In September 2021, Lockheed Martin announced a partnership with Makerbot to develop 3D printed parts and designs for NASA's AI-assisted Lunar Rover Mission. In collaboration with General Motors, Lockheed Martin is creating a new completely autonomous lunar rover that might be utilized in NASA's Artemis mission.

An American technology business called Desktop Metal designs and sells 3D printing devices. The Burlington, Massachusetts-based business has received $438 million in venture capital funding since its inception[9][10] from backers including Google Ventures, BMW, and Ford Motor Company. In April 2017, Desktop Metal unveiled its first two products the Production System, a metal 3D printing system geared toward manufacturers and large-scale printing, and the Studio System, a system for engineers and small production runs. In November 2019, Two new printer systems were introduced by the company the Shop System, which is intended for machine shops, and its Fiber industrial-grade composites printer, which uses automated fiber placement. In 2017, Desktop Metal was recognized as a technology pioneer by the World Economic Forum.

Key Companies in the aerospace 3D printing market include

• 3D Systems Corporation (US)


• Aerojet Rocketdyne (US)


• Arcam AB (Sweden)


• Envisiontec GmbH (Germany)


• EOS GmbH (Germany)


• Höganäs AB (Sweden)


• Materialise NV (Belgium)


• MTU Aero Engines AG (Germany)


• Norsk Titanium AS (Norway) 


• Stratasys Ltd. (Israel)

Aerospace 3D Printing   Industry Developments

For instance, In July 2019, a contract between NASA and Made in Space, valued at over USD 73.7 million, was signed. As part of the agreement, plans were made to develop 3D printed communications antennae as well as large telescopes. The other intricate structures had already undergone planning and design.

For instance, In September 2019, in a deal worth more than USD 140 million, one of the top market players, Relative Space, teamed up with Bond and Tribe Capital to launch Terran 1, the first 3D-printed rocket ever, to orbit.

For instance, In February 2021, Wipro 3D, Wipro Infrastructure Engineering's (WIN) metal additive manufacturing (AM) company, and Hindustan Aeronautics Ltd's (HAL) Engine Division announced the production of a metal 3D-printed aviation engine component. The cooperation is now working on the development, manufacture, and certification of a vital aero-engine component that operates in the hot zone.

Aerospace 3D Printing Market Segmentation

Aerospace 3D Printing Market By Technology Outlook

• Stereolithography (SLA)


• Selective Laser Sintering (SLS)


• Direct Metal Laser Sintering (DMLS)


• Fused Deposition Modeling (FDM)


• Continuous Liquid Interface Production (CLIP)

Aerospace 3D Printing   Market By Application Outlook

• Engine


• Structural


• Space Components

Aerospace 3D Printing   Market By Industry Outlook

• Aircraft


• Spacecraft


• UAV

Aerospace 3D Printing   Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America