Aerospace Additive Manufacturing Market Analysis

Global Aerospace Additive Manufacturing Market Overview

Aerospace Additive Manufacturing Market Size was valued at USD 8.29 Billion in 2023. The Aerospace Additive Manufacturing market industry is projected to grow from USD 9.967896 Billion in 2024 to USD 36.25 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.24% during the forecast period (2024 - 2032). Increased use of additive manufacturing in the defense industry and boosted air traveler numbers are the key market drivers enhancing the market growth.

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

Aerospace Additive Manufacturing Market Trends

The growing need for lightweight parts and components is driving the market growth.

Market CAGR for aircraft's weight is driven by the rising aircraft design and Development. Lightening an airplane's load decreases its environmental impact, fuel needs, and cost per mile flown. There is no sacrifice in structural integrity or aerodynamic efficiency when using 3D printing to create airplane parts, components, and frames. The lead time and cost for each aircraft are cut by 70–90% compared to other production procedures thanks to the hundreds of guides, fittings, templates, and gauges 3D printed by the makers. For this reason, the aerospace and defense additive manufacturing industry is expected to develop in the next years as demand for lightweight and inexpensive parts continues to rise.

Additionally, low-cost grips, jigs, and fittings are commonly made using aerospace AM. Similarly, the widespread adoption of AM enables fabricating components with premium materials with small production runs and low turnaround times, all of which encourage the expansion of the industry. Engines, brackets, ducting, and seat belt buckles are just a few examples of complicated and individualized parts that can be manufactured with aerospace additive manufacturing. Furthermore, the integration of artificial intelligence (AI) with aerospace AM to monitor and adjust the 3D printing process and quickly detect geometrical distortions is providing an injection to the marketplace and the growing adoption of AM in the aerospace industry because it offers a level of precision and helps to attain more intricate designs, which is positively influencing the market growth. The temporary closure of gyms, wellness centers, healthcare facilities, and sports academies also affected industry growth.

For instance, The Engine Division of Hindustan Aeronautics Ltd (HAL) and Wipro 3D, the metal additive manufacturing (AM) division of Wipro Infrastructure Engineering (WIN), have announced the production of a metal 3D-printed aviation engine component. A crucial aero-engine component used in the hot zone is now being designed, manufactured, and certified for airworthiness as part of the partnership. As a result, it is anticipated that demand for additive manufacturing will increase throughout the projection period due to the rising aircraft design and Development. Thus, driving the aerospace additive manufacturing market revenue.

Aerospace Additive Manufacturing Market Segment Insights

Aerospace Additive Manufacturing Application Insights

The aerospace additive manufacturing market segmentation, based on application, includes structural, engine, and others. In 2022, the engine segment led the aerospace additive manufacturing market in revenue because original equipment manufacturers (OEMs) of airplanes are pouring more money into research and development in response to increasing demand.

Figure 1: Aerospace Additive Manufacturing Market by Application, 2022 & 2032 (USD Billion)

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

Aerospace Additive Manufacturing Platform Insights

The aerospace additive manufacturing market segmentation, based on platform, includes spacecraft, aircraft, and unmanned aerial vehicles. The spacecraft category generated the most income (70.5%). Because more and more airplane components, from engines to interior items to air ducts to cast metal parts, are being created via additive manufacturing.

Aerospace Additive Manufacturing Technology Insights

The aerospace additive manufacturing market segmentation, based on technology, including 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 because it creates superior strength and stability components, uses a wide range of thermoplastics, and has highly precise geometrical structures.

Aerospace Additive Manufacturing Material Insights

The aerospace additive manufacturing market segmentation, based on material, includes plastic, rubber, metal alloy, and others. The category with the largest market share is a metal alloy, expected to grow fastest at a CAGR of 20.24% over the next several years. Because the metal alloy is composed of more than one metal, its hardness can be increased significantly.

Aerospace Additive Manufacturing Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American aerospace additive manufacturing market area will dominate this market because of increased investments in the aviation and defense industries. In addition, increased spending on buying cutting-edge military hardware and a booming aircraft industry in this region.

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

Figure 2: AEROSPACE ADDITIVE MANUFACTURING MARKET SHARE BY REGION 2022 (USD Billion)

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

Europe’s aerospace additive manufacturing market accounts for the second-largest market share because of the growing interest in additive manufacturing, increasing investments in the aviation industry, and the acquisition of cutting-edge defense equipment containing 3D printed components contribute to the expansion of the market in Europe. Further, the German aerospace additive manufacturing market held the largest market share, and the UK aerospace additive manufacturing market was the fastest-growing market in the European region.

The Asia-Pacific aerospace additive manufacturing market is expected to grow at the fastest CAGR from 2024 to 2032. It is due to rising investments in lightweight component development for the defense and aerospace industries that are the primary driver of this expansion. Moreover, China’s aerospace additive manufacturing market held the largest market share, and the Indian aerospace additive manufacturing market was the fastest-growing market in the Asia-Pacific region.

Aerospace Additive Manufacturing Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Aerospace Additive Manufacturing market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the aerospace additive manufacturing industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the aerospace additive manufacturing industry to benefit clients and increase the market sector. In recent years, the aerospace additive manufacturing industry has offered some of the most significant technological advantages. Major players in the aerospace additive manufacturing market, including 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), and others, are attempting to increase market demand by investing in research and development operations.

GE Additive, a division of General Electric (NYSE GE), is a frontrunner in metal additive design and manufacturing. Our comprehensive offering of additive expertise, cutting-edge machinery, and premium powders equip our customers to create novel products. Products that address issues in manufacturing boost corporate performance and effect positive social change. Concept Laser and Arcam EBM are two additive machine brands owned by GE Additive and additive powder supplier AP&C. In October 2022, GE Additive's Binder Jet Line and Series 3 printer had more specifications made public. After four years of client discovery, collaboration, and testing, the system will be released in the second half of 2023, ready and relevant for modern, high-volume, serial production scenarios.

In 1986, 3D Systems pioneered the 3D printing business, and ever since then, the Company has been at the forefront of additive manufacturing advancements. From plastics to metals, our Applications Innovation Group provides industry-specific engineering knowledge to support our extensive hardware, software, and material solutions portfolio. We use a collaborative, application-centric approach when resolving your most pressing design and manufacturing issues. Our customers can overcome traditional manufacturing barriers and fully realize the potential of additive manufacturing thanks to the combination of our solutions, expertise, and innovation. Founded in 1984 and headquartered in Rock Hill, South Carolina, 3D Systems has expanded its footprint to include offices, manufacturing sites, and Customer Innovation Centers. In December 2022, An additive manufacturing system for producing electrical connectors in compliance with demanding UL regulatory criteria was collaboratively developed by 3D Systems and TE Connectivity, a leader in connectors and sensors.

Key Companies in the Aerospace Additive Manufacturing market include.

• 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)

Aerospace Additive Manufacturing Industry Developments

For Instance, March 2023 3D Systems has announced that it has entered into a deal to acquire Wematter, a Swedish 3D printer manufacturer, to expand its Selective Laser Sintering (SLS) product line.

For Instance, May 2023 Topology and EOS have declared that they would move on with developing a new Implicit Interop feature, which will remove a significant roadblock from the AM production process.

For Instance, February 2023 ICE recently announced a collaboration with the company to harness its worldwide supply chain and corporate location data to broaden ICE's international climate risk offering.

Aerospace Additive Manufacturing Market Segmentation

Aerospace Additive Manufacturing Application Outlook

• Structural


• Engine


• Others

Aerospace Additive Manufacturing Platform Outlook

• Spacecraft


• Aircraft


• Unmanned aerial vehicle

Aerospace Additive Manufacturing Technology Outlook

• Laser sintering


• 3d printing


• Electron beam melting


• Fused deposition modeling


• Stereo lithography

Aerospace Additive Manufacturing Material Outlook

• Plastic


• Rubber


• Metal alloy


• Others

Aerospace Additive Manufacturing 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