Scope of the Study
Additive manufacturing is defined as the transformative approach of joining materials to make objects from 3D model data. It is also known as 3D printing. Additive manufacturing is widely used in the aerospace industry for rapid prototyping and numerous material such as metal alloy, plastic, rubber, among others are used in aerospace additive manufacturing. It helps to reduced costs and increased efficiency while shortening time to market. Also, it offers greater design flexibility. It optimizes for organic shapes & structure and provides leverages for light-weighting. It improves DMLS parts with CNC milling and reduces multi-component assemblies.
The market study is being classified, by Application (Engine, Structural and Others) and major geographies with country level break-up.
Stratasys, Ltd. (Israel), EOS GmbH (Germany), 3D Systems (United States), GE Aviation (United States), ExOne (United States), Arcam AB (Sweden), CRS Holdings Inc. (South Africa), Concept Laser GmbH (Germany), CRP Technology S.R.L (Italy) and SLM Solutions Group AG (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Optomec Inc. (United States).
The aerospace additive manufacturing market is highly fragmented with the presence of various players. Some of the leading players in the aerospace additive manufacturing market are Stratasys, Ltd. (Israel), GE Aviation (United States), EOS GmbH (Germany), 3D Systems (United States), among others Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aerospace Additive Manufacturing market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Aerospace Additive Manufacturing market by Type, Application and Region.
On the basis of geography, the market of Aerospace Additive Manufacturing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by Platform, the sub-segment i.e. Aircraft will boost the Aerospace Additive Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. 3D Printing will boost the Aerospace Additive Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Metal Alloy will boost the Aerospace Additive Manufacturing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Continuous Growth in the Aerospace Industry across the World and Technological Advancement in Additive Manufacturing
- Increasing Expenditure in Aerospace Industry and Rising Demand of Lighter Aircraft Components
- Rising Demand of Highly Flexible Processing Technique That Can Be Applied To Various Material
- Stringent Regulation regarding Technical Standards for Polymer 3D Printing
- High Capital Investment Associated with Aerospace Additive manufacturing
- Growing Demand from Emerging Economics such as China, India, Brazil, Philippines, among others
- Government Initiatives to Promote Aerospace Industry in Developing Countries
- Increasing Issues in Inconsistent accuracy and replicability regarding the quality of product
- Restriction related to the Volume of Construction as well as the Size of the Product
Market Leaders and their expansionary development strategies
In June 2019, the GE Aviation (United States) Company has announced metal additive manufacturing deals with Avio S.p.A. (Italy) company, which offers to make objects from 3D model data. Hence, this agreement will, in turn, propel the growth of aerospace additive manufacturing market
Key Target AudienceAerospace Additive Manufacturers, Traders, Importers, and Exporters, Governmental Bodies, Research Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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