Report ID: SQMIG20A2171
Report ID:
SQMIG20A2171 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
64 |
Figures:
75
North America is dominating the global aerospace 3D printing market due to its robust aerospace industry, characterized by major players like Boeing, Lockheed Martin, and Airbus, which heavily invest in advanced manufacturing technologies. Strong government backing and funding for aerospace research and development within the region encourages innovation in additive manufacturing. In addition, the availability of top 3D printing technology companies and established supply chains encourages fast embracement of new technologies. Moreover, the growing need for lightweight and tailor-made parts Global North in addition to stringent rules advocating efficiency and looking for sustainability gives rise to a booming ‘aerospace 3D printing’, especially in North America.
Among all the regions in the global aerospace 3D printing market across the globe, Europe has become the most profitable region in both the present and the forecasts due to extensive interest in innovation and sustainable practices as far as aerospace manufacturing is concerned. The region is home to several aircraft manufacturers such as Airbus and Dassault Aviation, and an ecosystem of many SMEs and start-ups dedicated to 3D printing technologies which causes a fast moving of the technology. Regulatory frameworks in Europe are increasingly encouraging the use of 3D printing for the manufacture of light-weight and efficient elements of the aerospace structures. Added to this are the carbon footprint limiting efforts which drive the need for more developments. Furthermore, European continuities are boosting the incorporation of 3D printing in the aviation industry through research funded projects and investments in new materials.
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Report ID: SQMIG20A2171