Global Aerospace 3D Printing Market is projected to be valued at USD 5.58 Billion by 2026, recording a CAGR of 25.7% between 2020 and 2026. The increasing demand for new aircraft is primarily driving the growth of the market. Furthermore, the increasing use of UAVs for military & commercial applications is driving the market growth.
Market USP
The increasing need for advanced manufacturing technologies for complex aerospace parts.
Growth Opportunities in the Market
The Stereolithography (SLA) Segment Accounted for the Largest Market Share in 2019: By technology, the SLA segment accounted for the largest market share and is expected to grow at a steady CAGR during the review period. This technology is widely used for the 3D printing of parts. The fused deposition modeling (FDM) segment is expected to grow at the highest CAGR during the forecast. This technology is being widely used for 3D printing small aerospace components since the last few years.
The Space Components Segment Is Expected to Register the Highest Growth in the Market: By application, the space components segment is expected to grow at the highest CAGR during the review period. The increasing use of 3D printed components in satellites is expected to drive the growth of this segment. The engine segment accounted for the largest market share in 2019.
The Aircraft Industry Segment Accounted for the Largest Market Share in 2019: By industry, the aircraft segment is expected to grow at the highest CAGR during the forecast period from 2020 to 2026. This is because of the increasing use of 3D printed components in aircraft engines. Moreover, there has been a considerable increase in air passenger traffic in the last few years, which has fueled the demand for new aircraft, driving the growth of this segment. The UAV segment is expected to register the highest growth rate during the forecast period. This is due to the increase in demand for UAVs for commercial and defense applications.
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)
Complete Report Details @ https://www.marketresearchfuture.com/reports/aerospace-3d-printing-market-10144
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