3D Printing in Aerospace and Defense Market - Growth, Trends, and Forecast (2020 - 2025)

The 3D Printing in Aerospace and Defense Market is segmented by Application (Aircraft, Unmanned Aerial Vehicles, and Spacecraft), Material (Metals, Polymer, and Ceramics), and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

20 %

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Market Overview

3D printing in the aerospace and defense market is estimated to register a CAGR of over 20% during the forecast period (2020-2025).

  • The airline industry is a driving force for the evolution of 3D printing technology in aerospace and defense. Airlines depend on 3D printing to alleviate supply chain constraints, limit warehouse space, and reduce waste materials from traditional manufacturing processes. The increasing use of 3D printing in the aviation industry may lead to the growth of the market in the near future.
  • The introduction of advanced technology 3D printers is expected to lead to advancements, in terms of 3D printing capabilities in the aerospace and defense industry, in the coming years.
  • Nowadays, ULTEM materials are accessible in the aerospace industry, owing to their heat resistance properties. Companies have been making use of ULTEM materials to manufacture the inner shell for freezer units, which contain all the necessary mounting structures. Thus, advancement in ULTEM materials is expected to provide growth opportunities for the market in the near future.

 

    Scope of the Report

    3D printing or additive manufacturing refers to the process of making three dimensional solid objects from a digital file. 3D printing has made the process of design and implementation of components faster, less expensive, and simpler. It has also enabled the incorporation of all components into a single structure, eliminating the need to use external joints, adhesives, and fasteners. This elimination of extra components reduces the additional costs in the manufacturing process. By application, the market has been segmented into aircraft, unmanned aerial vehicles, and spacecraft, and by material, it has been segmented into metals, polymer, and ceramics.

    Application
    Aircraft
    Unmanned Aerial Vehicles
    Spacecraft
    Material
    Metals
    Polymer
    Ceramics
    Geography
    North America
    United States
    Canada
    Asia-Pacific
    China
    Japan
    India
    Rest of Asia-Pacific
    Europe
    United Kingdom
    France
    Germany
    Rest of Europe
    Latin America
    Mexico
    Brazil
    Rest of Latin America
    Middle East & Africa
    South Africa
    Saudi Arabia
    United Arab Emirates
    Rest of Middle East & Africa

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    Key Market Trends

    The Aircraft Segment is Projected to Grow at a High Pace

    Weight is considered as the most critical parameter, at every phase, in the design and development of an aircraft. The low overall weight of an aircraft can result in less fuel consumption. Airlines operate at low-profit-margin, and hence, prefer aircraft that are fuel-efficient. Newer generation aircraft are highly fuel-efficient, due to the use of advanced materials to develop the components, parts, and overall airframe, without compromising on the strength and aerodynamics of an aircraft. For instance, Lockheed Martin Corporation and Arconic announced a two-year joint development agreement (JDA) to develop the next generation, advanced manufacturing processes, and advanced materials. The two companies have planned to develop customized lightweight material systems and advanced manufacturing processes, like metal 3D printing, to advance current and next-generation aerospace and defense solutions. Due to the factors mentioned above, airlines have been procuring newer generation aircraft, which may simultaneously drive the growth of the additive manufacturing sector. As of 2018, the aircraft segment holds a significant share in 3D printing for the aerospace and defense market.

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    North America is Expected to Witness the Highest Growth

    The North America region is expected to record an increased growth in the market during the forecast period. The aerospace 3D printing market may witness an increase in its revenues in the coming years, owing to the approval of the Federal Aviation Administration (FAA), as well as the European Aviation Safety Agency, toward the usage of more 3D printed parts for commercial jet engines. Developments by companies, such as GE and the Boeing Company, may propel 3D printing growth in North America. GE additive, as well as GE Aviation, reported that they had received approval from the FAA for the first 3D printed parts, which are expected to be installed in the Genx – 2B commercial jet engines. Additionally, power door opening system (PDOS) brackets developed by GE have entered into mass production, and maybe manufactured using the GE Additive Concept Laser M2 cruising multi-laser machines. Thus, the developments, as mentioned earlier, may lead to a growth in aerospace 3D printing in North America and have a positive impact on the growth of the market.

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    Competitive Landscape

    The 3D printing in aerospace and defense market is fragmented, with the presence of several players in the market. Stratasys Ltd and 3D Systems Corporation are some of the prominent players in the market. According to the 2018 second-quarter financial statements of Stratasys Ltd, there has been an increase in the investments in R&D, tools, materials, and additional resources, which were aimed at expanding addressable markets, by accelerating development efforts for the new metal additive manufacturing platform. Various initiatives and product innovations were undertaken by Stratasys Ltd and 3D Systems Corporation, which have strengthened their presence in the market. In 2015, 3D Systems Corporation and US Army Research Laboratory (ARL) signed a partnership to jointly develop 3D printing technology and materials for aerospace, medical, automotive, and defense applications, at the Army’s Aberdeen proving grounds.

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    Table Of Contents

    1. 1. INTRODUCTION

      1. 1.1 Study Assumptions

      2. 1.2 Scope of the Study

    2. 2. RESEARCH METHODOLOGY

    3. 3. EXECUTIVE SUMMARY

    4. 4. MARKET DYNAMICS

      1. 4.1 Market Overview

      2. 4.2 Market Drivers

      3. 4.3 Market Restraints

      4. 4.4 Porter's Five Forces Analysis

        1. 4.4.1 Threat of New Entrants

        2. 4.4.2 Bargaining Power of Buyers/Consumers

        3. 4.4.3 Bargaining Power of Suppliers

        4. 4.4.4 Threat of Substitute Products

        5. 4.4.5 Intensity of Competitive Rivalry

    5. 5. MARKET SEGMENTATION

      1. 5.1 Application

        1. 5.1.1 Aircraft

        2. 5.1.2 Unmanned Aerial Vehicles

        3. 5.1.3 Spacecraft

      2. 5.2 Material

        1. 5.2.1 Metals

        2. 5.2.2 Polymer

        3. 5.2.3 Ceramics

      3. 5.3 Geography

        1. 5.3.1 North America

          1. 5.3.1.1 United States

          2. 5.3.1.2 Canada

        2. 5.3.2 Asia-Pacific

          1. 5.3.2.1 China

          2. 5.3.2.2 Japan

          3. 5.3.2.3 India

          4. 5.3.2.4 Rest of Asia-Pacific

        3. 5.3.3 Europe

          1. 5.3.3.1 United Kingdom

          2. 5.3.3.2 France

          3. 5.3.3.3 Germany

          4. 5.3.3.4 Rest of Europe

        4. 5.3.4 Latin America

          1. 5.3.4.1 Mexico

          2. 5.3.4.2 Brazil

          3. 5.3.4.3 Rest of Latin America

        5. 5.3.5 Middle East & Africa

          1. 5.3.5.1 South Africa

          2. 5.3.5.2 Saudi Arabia

          3. 5.3.5.3 United Arab Emirates

          4. 5.3.5.4 Rest of Middle East & Africa

    6. 6. COMPETITIVE LANDSCAPE

      1. 6.1 Vendor Market Share

      2. 6.2 Company Profiles

        1. 6.2.1 Stratasys Ltd

        2. 6.2.2 ExOne Co.

        3. 6.2.3 Materialise NV

        4. 6.2.4 Aerojet Rocketdyne Holdings Inc

        5. 6.2.5 Ultimaker BV

        6. 6.2.6 ARCAM AB

        7. 6.2.7 MTU AERO ENGINE

        8. 6.2.8 Hoganas AB

        9. 6.2.9 3D Systems Corporation

        10. 6.2.10 EnvisionTEC GmbH

        11. 6.2.11 EOS GmbH Electro Optical Systems

        12. 6.2.12 Moog Inc.

    7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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