The global aerospace 3D printing market was valued at $1.38 billion in 2020, and is projected to reach $6.80 billion by 2030, registering a CAGR of 18.4% from 2021 to 2030.
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The global aerospace 3D printing market is segmented into printing technology, platform, application, delivery, offering, ad region. By printing technology, the market is segregated into selective laser sintering (SLS), selective laser melting (SLM), binder jetting, fused deposition modeling (FDM), stereolithography (SLA), and others. On the basis of platform, it is categorized into aircraft, unmanned aerial vehicles (UAV), and spacecraft. Depending on application, it is fragmented into production and pre-production & post-production. As per delivery, it is bifurcated into products and services. According to offering, it is divided into hardware and software. The hardware segment is subsegmented into printer and material. The material segment is further classified into metals & ceramics and thermoplastics. The metals & ceramics segment is subcategorized into titanium, aluminum, steel, and others, whereas the thermoplastics segment is subsegmented into polycarbonate (PC), acrylonitrile butadiene styrene (ABS), nylon/polyamide, fiber, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Companies have adopted product development, collaboration, and long-term agreements as their key development strategies. The key players operating in this market are Markforged, Liebherr, Stratasys Ltd., Materialise NV, EOS GmbH, 3D Systems Corporation, Honeywell. General Electric, Exone, Norsk Titanium, Renishaw PLC, TrumpF, SLM Solutions, Envisiontec, Inc., Prodways, and Hoganas AB.
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The COVID-19 outbreak severely impacted the aviation sector on a global level, which, in turn, led to a considerable drop in global passenger traffic and demand for new aircraft. The major players within the aerospace industry such as Boeing, Airbus, Safran, Rolls Royce, and Honeywell witnessed issues such as halt of production activities, mandated plant closures by the government, shortage in raw materials, and labor forces. However, tremendous efforts are being made by corporate as well as government sectors to resurrect industry attractiveness through optimizing manufacturing technologies and supply chain.
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Key Benefits For Stakeholders
- This study presents the analytical depiction of the global aerospace 3D printing market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall aerospace 3D printing market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global aerospace 3D printing market with a detailed impact analysis.
- The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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