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Aerospace Additive Manufacturing - Global Market Trajectory & Analytics

  • ID: 4911771
  • Report
  • January 2021
  • Region: Global
  • 221 pages
  • Global Industry Analysts, Inc
The global market for Aerospace Additive Manufacturing is projected to reach US$ 2.5 billion by 2025, driven by increasing investments in the technology by aircraft OEMs and component suppliers. Players in the industry currently operate in a difficult market environment made challenging by factors such as taut economic climate that does not favor resource inefficiencies and wastages, rising competition, financial and budgetary constraints, growing burden of regulatory compliance, threat of disruption posed by digitization and globalization, and challenges in information and operations management. Manufacturers and service providers in the industry feel the competitive heat to innovate engineering and manufacturing processes and optimize supply chain to reduce costs, optimize production cycle and enhance efficiencies. The convergence of myriad disruptive factors is fundamentally changing the structure and competitive dynamics of the aerospace industry, necessitating changes in business models for survival in a rapidly transforming landscape. Additive manufacturing is therefore becoming an enterprise strategy. In this regard, a key advantage of additive manufacturing is the ability to create and produce intricate components and sub-assemblies. It also enables parts consolidation as against the traditional need for several separate components. Additive manufacturing machines therefore have the potential to emerge into a supply chain in a box phenomenon, allowing aerospace companies to enjoy supply chain management agility.

Other disruptive benefits offered by additive manufacturing include ability to cost-effectively manufacture complex low volume aircraft parts; reduces manufacturing wastages; lower energy usage; enables easy changes or revisions in product design; elimination of challenges involved in achieving economies of scale; purges the need to invest in expensive tooling machines; manufacturing can be made compatible with a wide variety of plastics, metals and composites without any process modifications; component customization becomes cheaper; enables collaborative engineering which in turn will greatly minimize product-launch risk; and large centralized factories with specialized assembly lines will quickly become obsolete. Entry barriers into the aerospace manufacturing sector will now be lower as additive manufacturing eliminates the need for complex manufacturing equipment and multi-tiered production processes. Production can be scaled-up as per need without major CAPEX commitments. Continuous innovation in technology is helping drive down prices of additive manufacturing machines. The rise of Ceramics 3D printing as a revolution in additive manufacturing is also a key noteworthy growth trend in the market, especially against the backdrop of increased use of advanced ceramic materials in aerospace manufacturing. Ceramics being lighter than metal has long been an attractive material technology in aerospace manufacturing. With continuous innovations in ceramic engineering overcoming inherent drawbacks such as zero ductility and lower tensile strength, viable applications in aerospace design and manufacturing is continuing to grow. Traditional machining of ceramics is challenging and carries a high risk of causing the material to lose structural integrity. Rise of ceramic 3D printing will therefore accelerate the use of ceramic materials in the aerospace industry while simultaneously driving growth of additive manufacturing technology. The United States and Europe represent large markets worldwide with a combined share of 65.8% of the market. The United States also ranks as the fastest growing market with a CAGR of 19.7% over the analysis period supported by the government's focus on increasing domestic manufacturing competitiveness by accelerating adoption of additive manufacturing technologies. America Makes, the country's leading organization dedicated to encouraging innovation in additive manufacturing recently released the Standardization Roadmap for Additive Manufacturing, Version 1.0 for myriad industries that include even aerospace.

Select Competitors (Total 38 Featured):
  • 3D Systems, Inc.
  • Arconic Inc.
  • CRP Technology S.r.l
  • EOS
  • ExOne
  • GE Additive
  • GKN Additive
  • Optomec, Inc.
  • Stratasys Ltd.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Pandemic Dents Prospects in the Aviation Industry
  • EXHIBIT 1: COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020E
  • EXHIBIT 2: Global Airlines Performance by Region: 2020 Vs 2019
  • Additive Manufacturing Offers Panacea to Distressed Aviation Industry for Resurgence in Post-COVID-19 Era
  • Additive Manufacturing: A Transformative Technology
  • Additive Manufacturing in the Aerospace Industry: An Introduction
  • Benefits of Additive Manufacturing for Aerospace Manufacturing
  • Aerospace Additive Manufacturing by Technology
  • Applications of 3D Printing in Aerospace Industry
  • Additive Manufacturing Versus Subtractive Processes
  • Global Aerospace Additive Manufacturing Market: Prospects & Outlook
  • Aircraft Manufacturing Leads the Aerospace AM Market
  • Developed Economies at the Forefront of Growth in Aerospace AM Market
  • Additive Manufacturing Gains Interest among Aircraft OEMs
  • Competition
  • EXHIBIT 3: Aerospace Additive Manufacturing Competitor Market Share Scenario Worldwide (in %): 2019
  • Strategic Alliances between Companies Foster Innovations
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • AM Technology’s Role in Lightweight and Complex Parts and Components in Aerospace Industry Drives Market
  • Numerous Advantages of Additive Manufacturing Drive Technology Use to Create Spare Parts for Aerospace Industry
  • Air Passenger Traffic and Demand for Modern Aircraft Present Long-term Growth Opportunities for the Market
  • EXHIBIT 4: Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2039
  • EXHIBIT 5: Global Airline Industry: Number of Scheduled Passengers Boarded (in Million) for 2010-2020E
  • Business & General Aviation Segment Poised to Lead Future Growth in the Additive Manufacturing Market
  • EXHIBIT 6: Number of General Aviation Aircrafts Produced Worldwide for the Years 2010, 2012, 2014, 2016 and 2019
  • EXHIBIT 7: Global General Aviation Market: Revenue Share (in %) by Aircraft Type for 2019
  • Growing Role of Additive Manufacturing in Commercial Aircraft MRO
  • Growing Use of 3D Printing for Aircraft Interiors to Boost Market Prospects
  • EXHIBIT 8: Global Aircraft Cabin Interiors Market Size (in US$ Billion) for the Years 2020, 2023 and 2026
  • Additive Manufacturing Holds Potential to Transform the Defense Industry
  • With Drone Usage Rising, AM Technology Emerges to Make Drones Accessible and Affordable
  • EXHIBIT 9: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
  • Additive Manufacturing Gains Prominence in Satellite Manufacturing
  • Wire Arc Additive Manufacturing Delivers Low Buy-To-Fly Ratios
  • H-WAAM Technology Facilitates 3D printing of Large Metal Parts
  • FDM Technology: Tremendous Benefits Propel Use in Aerospace Industry
  • Metal Printing Materials to Outdo Plastic Materials
  • Metal Additive Manufacturing in Aerospace Industry Poised for Inevitable Recovery
  • 3D Printed Plastic Additives Gaining Traction in Commercial Aviation Sector
  • Use of Additive Metal Manufacturing in the Replacement Market
  • Increasing R&D Focus on Print Materials
  • Graphene: A Material with Enormous Potential
  • Technology Innovations to Boost Market Prospects
  • Russian Scientists Strengthen 3D-Printed Aerospace Parts Using Carbon Nanofibers
  • In-house Additive Manufacturing Offers Benefits to Aerospace Companies
  • Challenges Facing Aerospace Additive Manufacturing Market
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 107
Note: Product cover images may vary from those shown
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