According to the new market research report "3D Printing for Aerospace - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global 3D Printing for Aerospace market size is projected to grow from USD 1.06 billion in 2024 to USD 2.49 billion by 2030, at a CAGR of 15.35% during the forecast period (2024-2030).
- Global 3D Printing for Aerospace Market Size (US$ Million), 2019-2030
Source: QYResearch, "3D Printing for Aerospace - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global 3D Printing for Aerospace Top 10Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "3D Printing for Aerospace - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
This report profiles key players of 3D Printing for Aerospace such as 3D Systems, GE, Stratasys, Desktop Metal, EOS, Renishaw, SLM Solutions, TRUMPF, BLT, Velo3D, etc.
In 2023, the global top five 3D Printing for Aerospace players account for 57.11% of market share in terms of revenue. Above figure shows the key players ranked by revenue in 3D Printing for Aerospace.
- 3D Printing for Aerospace, Global Market Size, Split by Product Segment
Source: QYResearch, "3D Printing for Aerospace - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, Metals Material is the largest segment, hold a share of 89.09%.
- 3D Printing for Aerospace, Global Market Size, Split by Application Segment
Source: QYResearch, "3D Printing for Aerospace - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, Civil Aviation is the largest application, hold a share of 70.04%.
- 3D Printing for Aerospace, Global Market Size, Split by Region
Source: QYResearch, "3D Printing for Aerospace - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Increased use for composite materials has led to an increase in the demand for aerospace 3D printing market. 3D printed composite materials can have similar temperature, mechanical and chemical resistances to metals that they can replace metal parts in some cases. The composite parts are replacing metals in aerospace 3D printing.
Thrusters, rocket engines, and fully functional rockets can all be made using 3D printers. 3D printing allows unique geometries to be made that are lighter and less expensive. Growing demand for 3D printed components in space is also a major factor driving the usage of 3D printers.
The lower rate of production of aircraft components in the aerospace industry, and surging demand for lightweight and durable aerospace components has significantly boosted the 3D printing for aerospace market growth. The requirement for rapid prototyping is expected to drive the growth of the market during the forecast period.
Restraint:
3D printing can produce parts quickly, but post-processing can slow down the speed of manufacturing, thereby delaying product delivery. Post-processing of 3D printed parts is a time-consuming process which may hamper market growth.
The global aviation industry has suffered significant losses during 2019-2022 due to the outbreak of COVID-19, resulting in a considerable drop in global passenger traffic and demand for new aircraft. In commercial aviation, for example, companies are experiencing production disruptions and low demand due to labor and raw material shortages, reduced passenger travel and customers deferring deliveries of new aircraft.
3D printers can’t yet print perfect results every time. Failure rates depend on the machine and material used and the object being printed.
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