Aerospace Additive Manufacturing Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Platform (Aircraft, UAV, Spacecraft), Application (Engine, Structural, Others), Material Type (Metal Alloy, Plastic, Others), Technology (3D Printing, Laser Sintering, Others) and Region Forecast to 2023

pune, India - August 9, 2019 /MarketersMedia/ —

The aviation sector continues to scale new heights in emerging markets in the Middle East and Asia, which characterizes the surge in aerospace manufacturing and the subsequent increase in demand for raw materials. The current trend in the aviation industry is proving to be favorable for novel manufacturing technologies such as the additive manufacturing. The aerospace industry has been the early adopters of various technologies that went on to become a standard in other manufacturing domains. A similar trend is being observed in additive manufacturing landscape, as the technology gains more ground in aerospace manufacturing. Market Research Future (MRFR)’s latest study reveals that the global aerospace additive manufacturing market is set to expand at 20.24% CAGR during the forecast period (2018-2023). The market is highly organized and well regulated in developed countries such as the U.S and the U.K.

Some of the key players profiled in the report include Stratasys, EOS, GE Additive, 3D System, ExOne, Arcam AB, ATI, CRS Holdings Inc., Concept Laser, CRP Technology S.R.L, SLM Solutions, and Optomec.

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The global aerospace additive manufacturing market is likely to remain influenced by various factors during the forecast period. Some of these factors include the enforcement of stringent regulation to check aircraft carbon emission, increased stress on aircraft weight reduction, focus on green manufacturing and high efficiency of AM in the manufacturing of complex aerospace parts. Application opportunities for additive manufacturing or AM are limitless in the aerospace industry. However, the novelty of technology makes it cost intensive and thereby restricting its accessibility.

Global Market for Aerospace Additive Manufacturing Market– Segmental Analysis

MRFR’s report offers a thorough segmental analysis of the market based on platform, application, material type, technology, and region. By platform, the market has been segmented into aircraft, unmanned aerial vehicle, and spacecraft. Among these, the aircraft segment currently accounts for the largest market share and is likely to remain highly lucrative throughout the assessment period. AM has become an important tool for various purposes such as design and production of complex parts in the aircraft industry. By application, the market has been segmented into engine, structural, and others. The engine segment accounts for the lion’s share of global aerospace additive manufacturing market and is expected to witness a healthy CAGR during the assessment period. By material type, the market has been segmented into metal alloy, plastic, rubber and others. Among these, the metal alloy segment is likely to retain its top position over 2023. Metal alloy additive manufacturing is primarily used in rocket and propulsion hardware, engine injector and fuel nozzles. By technology, the market has been segmented into 3D Printing, laser sintering, fused deposition modeling, electron beam melting and stereolithography. The 3D printing segment currently accounts for the largest market share and is expected to remain a prominent AM technology in the years to come.

Regional Outlook

On the basis of region, the market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Rest of the World (RoW). North America is home to some of the leading market players. As a result, the region leads in the production and sales of industrial grade additive manufacturing systems. Major additive manufacturing (AM) systems producers such as Stratasys and 3D Systems are based in the U.S., which is considered as a positive factor for the market in the region. Meanwhile, Europe and Asia Pacific are also expected to remain important growth pockets for the global aerospace additive manufacturing market during the forecast period. Both the regions collectively command for nearly 50% share of the global market. In Europe, the increased effort towards research initiatives is recognized as one of the key trends that will govern the market trends in the region in the forthcoming years.

Report Overview

This MRFR report provides five-year market forecast (2018-2023) for aerospace additive manufacturing. The report also highlights the current market status, industry trends and recent developments in the market. Key macro and micro-economic aspects that are likely to influence the market prospects are also analyzed in the report. The scope of the research also covers different platforms such as aircraft, unmanned aerial vehicle and spacecraft. A revenue analysis on the current application areas (engine, structural and other components) is also available in the report. For market sizing, all the key material types used in aerospace additive manufacturing that are currently used such as metal alloy, plastic, and rubber were profiled. The major aerospace additive manufacturing technologies discussed in the report, which include 3D Printing, laser sintering, direct metal, selective, stereolithography, fused deposition modelling electron beam melting. This report cover the aerospace additive manufacturing market across Europe, North America, Asia Pacific, Latin America and the Middle East & Africa (MEA).

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List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Aerospace Additive Manufacturing Market, by Platform, 2017-2023 (Usd Million)
Table 4 Aircraft: Aerospace Additive Manufacturing Market, by Type, 2017-2023 (Usd Million)
Table 5 Global Aerospace Additive Manufacturing Market, by Application, 2017-2023 (Usd Million)
Table 6 Global Aerospace Additive Manufacturing Market, by Material Type, 2017-2023 (Usd Million)
Table 7 Global Aerospace Additive Manufacturing Market, by Technology, 2017-2023 (Usd Million)
Table 8 Laser Sintering: Aerospace Additive Manufacturing Market, by Type, 2017-2023 (Usd Million)
Table 9 Global Aerospace Additive Manufacturing Market, by Region, 2017-2023 (Usd Million)
Table 10 North America: Aerospace Additive Manufacturing Market, by Country, 2017-2023 (Usd Million)

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List of Figures

Figure 1 Global Aerospace Additive Manufacturing Market: Market Structure
Figure 2 Key Takeaways From Aerospace Additive Manufacturing Market
Figure 3 Key Buying Criteria of Aerospace Additive Manufacturings
Figure 4 Research Process of Mrfr
Figure 5 Top Down & Bottom Up Approach
Figure 6 Droc Analysis of Global Aerospace Additive Manufacturing Market
Figure 7 Change in Military Spending Among Top 10 Countries (2007 – 2017)
Figure 8 Air Transport, Passengers Carried (2006 – 2016)
Figure 9 Gross Orders in 2017
Figure 10 Porter's Five Forces Analysis of the Global Aerospace Additive Manufacturing Market

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Website: https://www.marketresearchfuture.com/reports/aerospace-additive-manufacturing-market-1551

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