Aerospace 3D Printing Market Research Report - Global Forecast till 2027

Global Aerospace 3D Printing Market Report: By Technology [Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM) and Continuous Liquid Interface Production (Clip)], Application [Engine, Structural and Space Components], Industry [Aircraft, Spacecraft and UAV] and Region [North America, Europe, Asia-Pacific, the Middle East & Africa and Latin America] - Forecast till 2027

ID: MRFR/A&D/8666-HCR | February 2021 | Region: Global | 178 pages

Please note that the assessment period of report has been updated from 2019–2026 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Global Aerospace 3D Printing Market is projected to reach USD 5.58 Billion by 2026, recording a CAGR of 25.7% between 2020 and 2026. 3D printing is a process that can build a three-dimensional object based on a CAD digital model. 3D printing uses an 'additive' process, where an object is built by applying materials in successive layers as per the CAD design. Unlike conventional manufacturing, which involves the 'subtractive' process (e.g., cutting, drilling, milling) and forming (bending and shaping), 3D printing requires minimum or no tooling to build the finished product.


Market Synopsis


Global Aerospace 3D Printing Market has witnessed high growth in recent years owing to increasing defense expenditures and passenger traffic and a significant rise in the demand for new aircraft. Moreover, the growing use of UAVs for defense and commercial applications and rising demand for 3D printed replacement parts is driving the growth of the market. However, stringent requirements for industry certification are expected to restrain the market growth to some extent.


Market USP


The increasing need for advanced manufacturing technologies for complex aerospace parts


Market Drivers



  • Increasing Defense Expenditures: Globally, military spending has increased significantly in recent years. According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure rose by 2.6% to approximately USD 1.82 trillion from 2017 to 2018. The increase in defense expenditure is expected to boost the demand for technologically advanced aircraft such as fighter jets, UAVs, and helicopters.



  • Increasing Passenger Traffic and Significant Increase in the Demand for New Aircraft



  • Increasing Demand for 3D Printed Replacement Parts



  • Increasing Use of UAVs in Commercial and Civil Applications


Market Opportunities



  • Development of Advanced 3D Printers


Segmentation


By Technology



  • Stereolithography (SLA): The segment accounted for the largest market share and is expected to grow at a steady CAGR during the forecast period. This technique is costly and is often used in aviation for making prototypes and plastic parts. However, it is fast and can produce almost any 3D design, which is expected to drive the growth of this segment.



  • Selective Laser Sintering (SLS): The segment accounted for the second-largest market share in 2019. It rapidly converts complex CAD geometries into physical working models. Unlike stereolithography and fused deposition modeling, this technique does not require support structures. It uses the powder bed fusion process where the powder acts as a self-supporting material. Selective laser sintering is used in the aerospace industry for manufacturing parts for environmental control system ducts, bearings, and other components.



  • Direct Metal Laser Sintering (DMLS): The segment accounted for the third-largest market share in 2019. It is used to produce a wide range of components from low-volume production metal parts and metal prototypes to complex heat exchangers and heat pipes of thermal control systems. This technique is also well suited for weight reduction and complex part requirements in the UAV industry.



  • Fused Deposition Modeling (FDM): The segment expected to register the highest CAGR during the forecast period. This technique has a few advantages, including low turnaround time, low cost, and steady availability of raw material. In the aviation sector, fused deposition modeling is commonly used to build the aircraft’s interior components and ducting, which is expected to drive the growth of this segment.


By Industry



  • Aircraft: The segment accounted for the largest share in 2019 and is expected to witness rapid growth during the forecast period from 2020 to 2026. 3D printing has become an important tool for various purposes in the aircraft industry, such as the designing and production of complex parts. Moreover, 3D printing is used to produce jigs, fixtures, aids, gauges, and other tools which increase the process efficiency in production while minimizing expenses and delays.



  • Spacecraft: The segment expected is to grow at a steady CAGR during the forecast period. 3D printing is valuable for the spacecraft industry owing to minimal logistics and in-space storage by offering the capability of manufacturing replacement parts and tools in space.



  • UAV: The segment is expected to witness the highest growth during the forecast period from 2020 to 2026. The increasing use of 3D printing to manufacture intricate parts such as electronics and payload, structures, and fuel tanks is driving the growth of this segment.


By Region



  • North America: North America dominates the aerospace 3D printing market. This trend is projected to continue during the forecast period due to the presence of prominent players such as 3D Systems Corporation and Aerojet Rocketdyne, and high investments by them in the development of aerospace 3D printers and parts.



  • Europe: The increasing adoption of fighter jets and UAVs by the military forces for tactical missions is expected to drive the growth of the European market in the review period.



  • Asia-Pacific: The aerospace 3D printing market in this region is projected to expand at a high CAGR during the forecast period. Increasing demand for new aircraft and increasing defense expenditures in countries such as India and China are driving the market growth in the region.



  • Middle East & Africa: There is an increase in defense expenditures by countries such as Saudi Arabia, the UAE, and Israel. Moreover, the presence of major airlines such as Etihad Airways and Saudi Arabian Airlines is driving the market growth in the Middle East & Africa region.



  • Latin America: In Latin America, there has been an increase in the use of UAVs for intelligence gathering on drug trafficking and rebel groups, deforestation monitoring, and control of illegal migration, which is expected to drive the market growth.


Key Players



  • 3D Systems Corporation (US)

  • Aerojet Rocketdyne (US)

  • Arcam AB (Sweden)

  • Envisiontec GmbH (Germany)

  • EOS GmbH (Germany)

  • Höganäs AB (Sweden)

  • Materialise NV (Belgium)

  • MTU Aero Engines AG (Germany)

  • Norsk Titanium AS (Norway)

  • Stratasys Ltd. (Israel)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 5.58 Billion
  CAGR   25.7% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology, Application and Industry
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3D Systems Corporation (US), Aerojet Rocketdyne (US), Arcam AB (Sweden), Envisiontec GmbH (Germany), EOS GmbH (Germany), Höganäs AB (Sweden), Materialise NV (Belgium), MTU Aero Engines AG (Germany), Norsk Titanium AS (Norway) and Stratasys Ltd. (Israel)
  Key Market Opportunities   Development of Advanced 3D Printers
  Key Market Drivers

  • Increasing Defense Expenditures
  • Increasing Passenger Traffic and Significant Increase in the Demand for New Aircraft
  • Increasing Demand for 3D Printed Replacement Parts
  • Increasing Use of UAVs in Commercial and Civil Applications


  • Frequently Asked Questions (FAQ) :


    Aerospace 3D printing market can thrive at 8.4% 25.7% CAGR by 2027.

    By 2027, the aerospace 3D printing market value at about 5.58 Billion.

    Arcam AB (Sweden), EOS GmbH (Germany), and Envisiontec GmbH (Germany) are some reputed aerospace 3D printing market players.

    Increased in defence budget can drive the aerospace 3D printing market.

    The introduction of advanced 3D printer can create growth opportunity for aerospace 3D printing market.