+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Aerospace Additive Manufacturing - Global Market Trajectory & Analytics

  • PDF Icon

    Report

  • 327 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4911771

Global Aerospace Additive Manufacturing Market to Reach $1.9 Billion by 2026


The aerospace industry has been witnessing increasing commercialization and penetration of 3D printing technology, also known as additive manufacturing. The growing focus on lightweight components for fuel efficiency and the use of new grades of materials are two of the major factors driving the attractiveness of 3D printing in aerospace equipment manufacturing encompassing military aircraft, missiles, space, commercial/civil airliners. Currently, aircraft engines, turbine parts and cabin interior components are manufactured using industrial 3D printing technology. Type of aircraft interiors printed by 3D printers include armrests and food trays, ducting, vents, plenums, baffles, electrical housings bins dividers, light covers, escutcheons bezels, curtain clips and headers, door latch components, and seat end and arm rest caps. Megatrends that are expected to impact the aerospace additive manufacturing sector include globalization of manufacturing and services, functionality and performance, and minimization of carbon footprint. Megatrends that are expected to impact the aerospace additive manufacturing sector include globalization of manufacturing and services, functionality and performance, and minimization of carbon footprint. Optimization of weight without impacting functionality and safety, and without compromising on resilience and structural strength, would be an area of research and focus for original equipment manufacturers (OEMs) as well as for makers of several components and critical parts. Another key driver of adoption of additive manufacturing will be the ability to significantly reduce material wastage, which in turn helps lower carbon footprint.

Amid the COVID-19 crisis, the global market for Aerospace Additive Manufacturing estimated at US$932.5 Million in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2026, growing at a CAGR of 16.1% over the analysis period. Metal Alloy, one of the segments analyzed in the report, is projected to grow at a 16.9% CAGR to reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rubber segment is readjusted to a revised 15.9% CAGR for the next 7-year period. This segment currently accounts for a 14.5% share of the global Aerospace Additive Manufacturing market. Increasing interest in metal-based materials would in turn spur adoption of 3D printing technology in traditional manufacturing applications, wherein high-value parts are often manufactured using metals and metal alloys. Although the application of metals, particularly functional metals (titanium and steel) and conductive metals (copper, gold and silver) in the 3D printing industry is still in nascent stages, metal AM is expected to have huge implications in foreseeable future.

The U.S. Market is Estimated at $312.7 Million in 2022, While China is Forecast to Reach $210.2 Million by 2026


The Aerospace Additive Manufacturing market in the U.S. is estimated at US$312.7 Million in the year 2022. The country currently accounts for a 33.09% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$210.2 Million in the year 2026 trailing a CAGR of 17.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.2% and 15% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.5% CAGR while Rest of European market (as defined in the study) will reach US$251.8 Million by the end of the analysis period. The US has been at the forefront both in terms of AM technology as well as market demand. The country has launched several initiatives, such as the National Additive Manufacturing Innovation Institute, for encouraging the application of AM in manufacturing. The US also benefits from the presence of advanced aerospace manufacturing capabilities and high investments on large-scale R&D projects. Increased competition and cost-effective manufacturing capabilities of Asia-Pacific are driving the gradual shifting of conventional manufacturing towards the region in the past few years.

Plastic Segment to Reach $308.5 Million by 2026


Higher temperature resistance, strength, flexibility and machinability are the key features of plastics that are valued in 3D printing. Both the quantity and quality of plastic materials used for 3D printing systems play an instrumental role in driving 3D printer purchases. Corn-based polylactic acid (PLA) and petroleum-based acrylonitrile butadiene styrene (ABS) are currently the two dominant plastic materials used in 3D printing. In the global Plastic segment, USA, Canada, Japan, China and Europe will drive the 14.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$114.1 Million will reach a projected size of US$301.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$25.3 Million by the year 2026.

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.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Pandemic Dents Prospects in the Aviation Industry
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020E
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Additive Manufacturing Offers Panacea to Distressed Aviation Industry for Resurgence in Post-COVID-19 Era
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 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
  • Aerospace Additive Manufacturing - Global Key Competitors Percentage Market Share in 2022 (E)
  • 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
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2039
  • 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
  • Number of General Aviation Aircrafts Produced Worldwide for the Years 2010, 2012, 2014, 2016 and 2019
  • 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
  • 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
  • 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 PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Aerospace Additive Manufacturing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Aerospace Additive Manufacturing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Aerospace Additive Manufacturing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Aerospace Additive Manufacturing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Aerospace Additive Manufacturing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Aerospace Additive Manufacturing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Aerospace Additive Manufacturing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Aerospace Additive Manufacturing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 38

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3D Systems, Inc.
  • Arconic Inc.
  • CRP Technology S.r.l
  • EOS
  • ExOne
  • GE Additive
  • GKN Additive
  • Optomec, Inc.
  • Stratasys Ltd.