Description:
According to the report, the global Aerospace 3D Printing market is valued at approximately USD 888 million in 2019 and is expected to generate revenue of around USD 4,048 million by 2026, growing at a CAGR of roughly 24.2% from 2019 and 2026.
The market growth is mainly attributed to the increased demand for lightweight aircraft components, innovation in new printing materials for 3D printing, the development of new technologies, low cost of development, reduction in overall manufacturing time, reduction in raw material which translates into direct cost saving and the ease for deployment.
3D printing technology is a very versatile technology used for engineering prototypes, tools for manufacturing processes, etc. 3D Printing is a layer-by-layer process of producing 3D objects directly from a digital model.
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Competitive Insights
Major manufacturers profiled in the analysis report include Airbus, Boeing, GE, Honeywell International, Rolls-Royce, AERIA Luxury Interiors, JBRND, Moog, MTU Aero Engines, Norsk Titanium, Pratt & Whitne, and others.
Regional Insights
North America dominated the market and expected to maintain its dominance during the predicted timeframe. The region is the world’s manufacturing capital of the aerospace industry with the presence of many large-to small-sized OEMs, tier players, 3D printers, and raw material suppliers. Furthermore, major 3D printer manufacturers are also located in the region to cater to the growing regional demand for 3D printers as well as materials. Asia-Pacific is estimated to be the fastest-growing aerospace 3D printing market in the same period, this trend is mainly driven by the increasing presence of OEMs and tier players to tap the growing demand from emerging economies such as China and India.
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Type Insights
By product type, the Aerospace 3D Printing market is segmented into Stainless Steel, Titanium Alloy, and Nickel Base Superalloy.
Application Insights
The application of the Aerospace 3D Printing market is segmented into Aircraft Parts, Engine Body, and Other.
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Audience
• Aerospace 3D Printing manufacturers
• Raw material suppliers of Aerospace 3D Printing
• Distributors and resellers of Aerospace 3D Printing
• Aerospace 3D Printing industry associations
• Product managers, Aerospace 3D Printing industry administrator, C-level executives of the industries
• Market Research and consulting firms
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
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