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Aerospace 3D Printing Market Worldwide Industry Share, Size, Gross Margin, Trend, Future Demand and Forecast till 2028

The Global Aerospace 3D Printing Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Aerospace 3D Printing market and its key elements. The report is formulated through extensive primary and secondary research and is curated with the intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Aerospace 3D Printing industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2028.

The global aerospace 3D printing market size is expected to reach USD 11.98 Billion at a steady CAGR of 26.6% in 2028. Steady global aerospace 3D printing market revenue growth can be attributed to increasing need for lightweight aircraft to enhance fuel-efficiency. Production of customized aircraft parts to meet the specific functional needs in aircraft is also drive demand for 3D printing in the aerospace industry. Also, customized parts and components can be produced more cost-effectively and at a rapid rate using 3D printing technology.

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As fuel consumption is a major cost driver for airline operators, large investments are being made on R&D and options to increase aircraft fuel-efficiency through weight reduction. 3D printing delivers an appropriate solution to produce more lightweight aircraft through aircraft part geometry optimization and use of lesser materials. Additionally, aerospace 3D printing allows various separate components and parts to be designed and produced as a single unit, which further reduces the weight of the component, and in turn improves fuel-efficiency.

Some major companies included in the global market report are Stratasys Ltd., Höganäs AB, EOS GmbH, Norsk Titanium AS, MTU Aero Engines AG, 3D Systems Corporation, Materialise NV, Ultimaker BV, EnvisionTEC GmbH, and ExOne.

A key factor driving increasing demand for Aerospace 3D Printing is that adoption helps laboratories to reduce manual efforts and work, as automation solutions can finish many testing processes that would otherwise require a considerable amount of manual effort and time. Moreover, automation systems optimize and improve productivity ratio of labs and significantly decrease costs that may arise due to wastage. The application of automation systems has also led to a significant increase in the productivity of drug discovery processes. These systems can operate for long hours with minimal monitoring and instruction. They also allow more time for researchers to focus on core tasks and reduce need for repetitive tasks.

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Key Highlights from the Report

In July 2020, Ultimaker made an announcement about the launch of Ultimaker Essentials, which is an innovative 3D printing software solution developed to help companies to incorporate additive manufacturing in current IT infrastructures and with the benefit of easy software distribution and upgradation.

Use of 3D printers in the aerospace industry reduces manufacturing time and saves on material costs. Companies, including GE Aviation and various government organizations, such as NASA are making significant investment in research and development of novel 3D printing alloys with the ability to withstand high speed and harsh environments, while optimizing strength-to-weight ratio of the aircraft engine.

Stereolithography in aerospace sector is widely used in manufacturing aircraft/spacecraft component parts in a relatively short time period, as it allows for fast curing of printed parts. Stereolithography helps in prototyping by enabling production of a low-cost, precise model, and hence aids manufacturers in finding potential mistakes that can cost a lot by detecting flaws in design of the component parts to be printed.

Emergen Research has segmented the global aerospace 3D printing market on the basis of component, technology, application, and region:

Component Outlook (Revenue, USD Million; 2018–2028)

Hardware

Software

Services

Materials

Technology Outlook (Revenue, USD Million; 2018–2028)

Direct Metal Laser Sintering (DMLS)

Fused Deposition Modeling (FDM)

Stereolithography (SLA)

Selective Laser Sintering (SLS)

Others

Application Outlook (Revenue, USD Million; 2018–2028)

Aircraft

Unmanned Aerial Vehicles

Spacecraft

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Regional Bifurcation of the Aerospace 3D Printing Market Includes:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Unfolding the prime factors prompting global market growth:

The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Aerospace 3D Printing market into a broad product spectrum.

The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.

A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.

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The post Aerospace 3D Printing Market Worldwide Industry Share, Size, Gross Margin, Trend, Future Demand and Forecast till 2028 appeared first on Market O Graphics.

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