Aerospace Additive Manufacturing Market To Scale Up Growth By 20.24% CAGR Due To Increasing Demand For Green Manufacturing
Research Reports
Dec 21, 2022
Future Market Research Insights
Aerospace Additive Manufacturing Market Size is expected to reach USD 31.837 Billion by 2030, registering a CAGR of 20.24% during 2020-2030.
The current COVID-19 epidemic, like any other marketing sector, has had a detrimental impact on the expansion of the worldwide market, according to a study of the aerospace additive manufacturing industry. During this time, the production process and supply chain were interrupted, which resulted in a significant loss for the worldwide market. Additionally, the aerospace additive manufacturing industry has struggled with a shortage of workers, investors, and transportation.
To boost the aerospace additive manufacturing market demand for the anticipated term, the major companies are, nevertheless, launching new products, conducting promotions, and implementing a variety of safety measures.
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Key Players:
Arcam ab (Sweden), 3d Systems, Inc. (United States), Crp Technology Srl (Italy), Concept Laser gmbh I (Germany), Eos (Germany), Crs Holdings Inc. (United States), Optomec (United States), Stratasys Ltd. (United States), Exone (United States), and Slm Solution Group AG (Switzerland) are some of (germany).
The method of creating three-dimensional items based on a CAD digital model is known as additive manufacturing (AM). The product is designed using consecutive layers based on the CAD design in this addictive manufacturing technique. To finish the product, the additive manufacturing method uses just the barest minimum of tools.
The desire for green manufacturing and growing concern about reducing carbon footprint with the aid of aircraft weight reduction are two additional growth-promoting aspects for the global aerospace additive manufacturing industry. The increased efficiency brought about by additive manufacturing in the production of essential aerospace components is another significant growth-promoting aspect for the worldwide market.
Regional Analysis:
The Middle East and Africa, Asia-Pacific, North America, Europe, and Latin America are the regions that make up the worldwide aerospace additive manufacturing market.
The aerospace additive manufacturing market was dominated by the North American area in 2018 when it recorded a larger market share of 38.86%. For the study period of 2025, it is expected to see the greatest CAGR. Stratasys Ltd. and 3d Systems Inc. are two well-known enterprises that have contributed to the region’s increased growth.
Market Segmentation:
According to application, the market for aerospace additive manufacturing has been divided into structural, engine, and other segments.
Based on the type of Platform: In the global aerospace additive manufacturing market, the platform sector has been divided into spacecraft, airplanes, and unmanned aerial vehicles.
According to technology, the aerospace additive manufacturing market has been segmented into laser sintering, stereolithography, 3D printing, electron beam melting, and fused deposition modeling.
Based on Material Type: In the global aerospace additive manufacturing market, the material type segment has been divided into plastic, rubber, metal alloys, and others.
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