USD 1.94 Billion
Aerospace 3D Printing Materials Market Size, Share, Growth Analysis, By Material Type(Metals, Polymers, Ceramics, and Composites), By Application(Commercial Aviation, Defense and Military Aircraft, and Space Exploration), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2247 |
Region:
Global |
Published Date: April, 2024
Pages:
222
|Tables:
64
|Figures:
75
Aerospace 3D Printing Materials Market Insights
Global Aerospace 3D Printing Materials Market size was valued at USD 1.94 Billion in 2022 and is poised to grow from USD 2.36 Billion in 2023 to USD 11.11 Billion by 2031, growing at a CAGR of 21.4% in the forecast period (2024-2031).
The global aerospace 3D printing materials market is swiftly growing, pushed by the growing demand for lightweight and cost-effective plane components, as well as the need for faster and extra green production strategies. Aerospace 3D printing involves using superior additive manufacturing techniques to provide complicated and difficult parts and structures with excessive precision and accuracy, using various materials which include metals, polymers, and composites. The motive of the global aerospace 3D printing materials market is to provide modern and efficient answers for the aerospace industry, permitting manufacturers to provide superb additives with decreased lead instances, lower prices, and extended design flexibility. The market is driven by the growing demand for lightweight and fuel-green planes, and growing adoption of 3D printing technology in aerospace manufacturing. However, the market also faces numerous restraints, consisting of the high price of 3D printing equipment and substances, lack of standardization within the industry, and the restricted availability of skilled personnel.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Metals
Fastest Growth
Polymers
Growth Rate
21.4% CAGR
Global Aerospace 3D Printing Materials Market ($ Bn)
Country Share for North America Region (%)
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Aerospace 3D Printing Materials Market Segmental Analysis
Global Aerospace 3D Printing Market is segmented by material type, application, and region. By material type, the market is segmented into metals, polymers, ceramics, and composites. By application, the market is segmented into commercial aviation, defense and military aircraft, and space exploration. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
The commercial aircraft segment dominated the global aerospace 3D printing materials market due to its size and demand. The global commercial aviation industry is expanding at an incredible pace, with increasing passenger numbers and demand for lighter, more fuel-efficient aircraft. Aerospace 3D printing has revolutionized the design, driving systems that increase, decreased handling times and significant cost savings make it possible to manufacture previously available products and it is difficult or even impossible to use traditional methods not that this helps not only improves fuel efficiency, but also reduces operating costs of airlines. As a result, the commercial aviation industry is witnessing increased adoption of 3D printing technology, driving the global aerospace 3D printing materials market.
Although the military aircraft segment is the fastest growing segment of the global aerospace 3D printing materials market. Aerospace has seen significant growth in recent years, with ambitious missions and plans to explore the heavens. Spacecraft components must withstand extreme conditions and be lightweight, durable, and reliable. Traditional manufacturing processes often struggle to meet these demanding requirements. However, 3D printing brings game-changing solutions by allowing highly specialized complex parts, reducing weight, improving productivity and optimizing cost along with power manufacturing aerospace printing materials using 3D printing technology is a huge advantage, making it cost-effective and time-consuming Resupply mission unnecessary.
Analysis by Material Type
Metals such as titanium, aluminum and stainless steel dominated the global market due to their exceptional strength, durability and heat resistance and are widely used in critical applications such as engine components, building components and aerospace equipment. The metal segment holds the largest market share in the aerospace 3D printing market, representing a large portion of the overall industry. This is primarily driven by the demand for small, strong, high-performance metal parts that can be efficiently manufactured through 3D printing technology.
The polymer segment is witnessing impressive growth and is the fastest growing segment in the global aerospace 3D printing materials market. Polymers offer unique advantages such as low weight, flexibility and low cost. The increasing adoption of polymers in aerospace materials can be attributed to their ability to meet stringent industry requirements while reducing overall aircraft weight and improving fuel efficiency in polymeric materials well designed for aerospace applications is improved It is also through continuous development that these materials exhibit improved mechanical properties, thermal and flame retardancy, and make them suitable for aerospace applications which is important. Furthermore, the ability of 3D printed polymers to rapidly prototype, repeatedly and optimize patterns to reduce handling time and improve productivity.
Global Aerospace 3D Printing Materials Market By Material Type (%)
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Aerospace 3D Printing Materials Market Regional Insights
North America has established itself as a hub for aerospace innovation, with major aerospace companies and research institutes driving the development and adoption of 3D printing technology. The dominance of this region can be attributed to several factors. First, North America boasts a strong network of aerospace manufacturers and suppliers, allowing 3D printing technology to be easily integrated into existing manufacturing. Furthermore, the region gets it benefits from a more skilled workforce, improved infrastructure and greater investment in research and development. In addition, North American governments have been active in promoting 3D printing programs, providing incentives and funding programs to accelerate technological progress in space. These programs have provided industry leaders, academics and government agencies integrated, enabling aerospace 3D printing systems.
The Asia-Pacific region is emerging as the fastest growing global aerospace 3D printing materials market. The region’s rapid economic growth, coupled with a growing airline industry, has created a favorable environment for the adoption of this transformative technology Increasing passenger traffic, increased defense budgets and the creation of new airlines in Asia-Pacific pushes aerospace companies in the region to 3D printing as a strategic solution. By using 3D printing technology, productivity can be improved, waste can be reduced, and costs can be saved significantly. Furthermore, Asia-Pacific has many skilled workers, dynamic regulatory environment and strong government support for advanced manufacturing technologies which has driven the regional aerospace 3D printing market forward, attracting local and international players looking to take advantage of the huge growth potential.
Global Aerospace 3D Printing Materials Market By Geography
- Largest
- Fastest
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Aerospace 3D Printing Materials Market Dynamics
Drivers
Low-cost Manufacturing
- One of the major factors driving the global aerospace 3D printing materials market is the cost-effectiveness of the technology. 3D printing allows manufacturers to produce complex parts with fewer materials and lower manufacturing costs, which is especially important in the aerospace industry where cost reduction is key.
Customization and Design Flexibility
- Another factor driving the global aerospace 3D printing materials market is the ease with which complex materials can be modified and customized. This flexibility allows manufacturers to produce parts with complex geometries that would be difficult or impossible to manufacture with traditional methods. For example, Airbus has used 3D printing to create cracks for its A320neo aircraft that are lighter and stronger than previous models.
Restraints
Limited options
- One of the main limitations of the global aerospace 3D printing materials market is the limited number of materials that can be used in the process. Currently, most 3D printing in space is done in metal and plastic, limiting the variety of materials used in the technology. For example, 3D printing cannot be used to produce composite materials commonly used in the aerospace industry.
Quality Control and Certification
- Another limitation in the global aerospace 3D printing materials market is the need for stringent quality control and certification processes. As 3D printed parts become more complex and are used in critical aviation components, such as engines and turbines, it is important to ensure that they meet stringent safety and reliability standards. This requires extensive testing and certification processes, which can be time-consuming and expensive.
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Aerospace 3D Printing Materials Market Competitive Landscape
The competitive environment of the Global Aerospace 3D Printing Materials Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The global aerospace 3D printing materials market is characterized by several key players offering a wide range of 3D printing solutions and services. These players compete for things like supply chains, technological advances, partnerships, and customer relationships. The competitive landscape is dynamic, with new entrants and technological advancements constantly changing the market. It is advisable to review the latest market reports and industry publications to get a comprehensive view of the competitive landscape.
Top Player’s Company Profiles
- 3D Systems Corporation (US)
- EOS GmbH (Germany)
- ExOne Company (US)
- Materialise NV (Belgium)
- Arcam AB (Sweden)
- SLM Solutions Group AG (Germany)
- Proto Labs, Inc. (US)
- HP Inc. (US)
- Concept Laser GmbH (Germany)
- Carpenter Technology Corporation (US)
- Norsk Titanium AS (Norway)
- EnvisionTEC GmbH (Germany)
- Optomec Inc. (US)
- Additive Industries (Netherlands)
- GKN Aerospace (UK)
- Boeing (US)
- Airbus SE (Netherlands/France)
Recent Developments
- In January 2023, Mark3D UK, a UK-based 3D printing solutions company specializing in MarkForged technology, announced the launch of a new Aerospace Defense division from the United Kingdom's iAero Center to support the adoption of additive manufacturing atoms in the region.
- In January 2023, the Pentagon awarded New Frontier Aerospace (NFA) $1.5 million to 3-D print a hypersonic engine called the Mjolnir Engine, due to its high load-to-thrust ratio Suitable for hypersonic aircraft and planetary stations all Carbon-free and modification of operations.
- In April 2023, 3D Systems successfully customized the GRX-810 based on a laser powder bed of NASA’s latest superalloy. This is a potential game changer for the aerospace industry, delivering an unmatched balance of durability, malleability, creep life and heat resistance for 3D Systems is committed to pushing the boundaries of additive manufacturing and enabling the development of next-generation aerospace products.
Aerospace 3D Printing Materials Key Market Trends
- Use of 3D Printing for On-demand Printing: A key trend in the global aerospace 3D printing materials market is on-demand manufacturing technology. As aircraft become more complex and specialized, the need for specificity increases. 3D printing allows manufacturers to produce parts faster and more cost-effectively, reducing the time and costs associated with traditional printing and inventory management.
- Integration of 3D Printing into Supply Chains: Another trend in the global aerospace 3D printing materials market is the integration of 3D printing into supply chains as manufacturers and suppliers begin to adopt 3D printing and explore options another way to simplify manufacturing processes, reduce lead times and reduce costs Laya uses 3D printing together of those complex parts Can be manufactured quickly and efficiently.
Aerospace 3D Printing Materials Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
3D printing allows manufacturers to produce complex parts with fewer materials and lower manufacturing costs, which is especially important in the aerospace industry where cost reduction is key. Also, increased need for spare parts in demand, reducing supply chain challenges, and the ability to manufacture parts on-site or remotely. Challenges related to the initial investment are expected to restrain the market growth to some extent. However, due to continuous technological advancements and increased collaboration between aerospace companies and 3D printing solution providers, the global aerospace 3D printing materials market is poised for significant expansion in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.94 Billion |
| Market size value in 2031 | USD 11.11 Billion |
| Growth Rate | 21.4% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aerospace 3D Printing Materials Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aerospace 3D Printing Materials Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aerospace 3D Printing Materials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerospace 3D Printing Materials Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerospace 3D Printing Materials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aerospace 3D Printing Materials Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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