3D Printing in Aerospace and Defense Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The 3D Printing in Aerospace and Defense Market is segmented by Application (Aircraft, Unmanned Aerial Vehicles, and Spacecraft), Material (Metals, Polymer, and Ceramics), and Geography.

Market Snapshot

3d printing in aerospace and defense market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: >20 %

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Market Overview

3D printing in the aerospace and defense market is estimated to register a CAGR of over 20% during the forecast period (2020-2025).

  • The airline industry is a driving force for the evolution of 3D printing technology in aerospace and defense. Airlines depend on 3D printing to alleviate supply chain constraints, limit warehouse space, and reduce waste materials from traditional manufacturing processes. The increasing use of 3D printing in the aviation industry may lead to the growth of the market in the near future.
  • The introduction of advanced technology 3D printers is expected to lead to advancements, in terms of 3D printing capabilities in the aerospace and defense industry, in the coming years.
  • Nowadays, ULTEM materials are accessible in the aerospace industry, owing to their heat resistance properties. Companies have been making use of ULTEM materials to manufacture the inner shell for freezer units, which contain all the necessary mounting structures. Thus, advancement in ULTEM materials is expected to provide growth opportunities for the market in the near future.

 

Scope of the Report

3D printing or additive manufacturing refers to the process of making three dimensional solid objects from a digital file. 3D printing has made the process of design and implementation of components faster, less expensive, and simpler. It has also enabled the incorporation of all components into a single structure, eliminating the need to use external joints, adhesives, and fasteners. This elimination of extra components reduces the additional costs in the manufacturing process. By application, the market has been segmented into aircraft, unmanned aerial vehicles, and spacecraft, and by material, it has been segmented into metals, polymer, and ceramics.

Application
Aircraft
Unmanned Aerial Vehicles
Spacecraft
Material
Metals
Polymer
Ceramics
Geography
North America
United States
Canada
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Europe
United Kingdom
France
Germany
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
South Africa
Saudi Arabia
United Arab Emirates
Rest of Middle East & Africa

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Key Market Trends

The Aircraft Segment is Projected to Grow at a High Pace

Weight is considered as the most critical parameter, at every phase, in the design and development of an aircraft. The low overall weight of an aircraft can result in less fuel consumption. Airlines operate at low-profit-margin, and hence, prefer aircraft that are fuel-efficient. Newer generation aircraft are highly fuel-efficient, due to the use of advanced materials to develop the components, parts, and overall airframe, without compromising on the strength and aerodynamics of an aircraft. For instance, Lockheed Martin Corporation and Arconic announced a two-year joint development agreement (JDA) to develop the next generation, advanced manufacturing processes, and advanced materials. The two companies have planned to develop customized lightweight material systems and advanced manufacturing processes, like metal 3D printing, to advance current and next-generation aerospace and defense solutions. Due to the factors mentioned above, airlines have been procuring newer generation aircraft, which may simultaneously drive the growth of the additive manufacturing sector. As of 2018, the aircraft segment holds a significant share in 3D printing for the aerospace and defense market.

3D Printing in Aerospace and Defense_segment

North America is Expected to Witness the Highest Growth

The North America region is expected to record an increased growth in the market during the forecast period. The aerospace 3D printing market may witness an increase in its revenues in the coming years, owing to the approval of the Federal Aviation Administration (FAA), as well as the European Aviation Safety Agency, toward the usage of more 3D printed parts for commercial jet engines. Developments by companies, such as GE and the Boeing Company, may propel 3D printing growth in North America. GE additive, as well as GE Aviation, reported that they had received approval from the FAA for the first 3D printed parts, which are expected to be installed in the Genx – 2B commercial jet engines. Additionally, power door opening system (PDOS) brackets developed by GE have entered into mass production, and maybe manufactured using the GE Additive Concept Laser M2 cruising multi-laser machines. Thus, the developments, as mentioned earlier, may lead to a growth in aerospace 3D printing in North America and have a positive impact on the growth of the market.

3D Printing in Aerospace and Defense_geography

Competitive Landscape

The 3D printing in aerospace and defense market is fragmented, with the presence of several players in the market. Stratasys Ltd and 3D Systems Corporation are some of the prominent players in the market. According to the 2018 second-quarter financial statements of Stratasys Ltd, there has been an increase in the investments in R&D, tools, materials, and additional resources, which were aimed at expanding addressable markets, by accelerating development efforts for the new metal additive manufacturing platform. Various initiatives and product innovations were undertaken by Stratasys Ltd and 3D Systems Corporation, which have strengthened their presence in the market. In 2015, 3D Systems Corporation and US Army Research Laboratory (ARL) signed a partnership to jointly develop 3D printing technology and materials for aerospace, medical, automotive, and defense applications, at the Army’s Aberdeen proving grounds.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Aircraft

      2. 5.1.2 Unmanned Aerial Vehicles

      3. 5.1.3 Spacecraft

    2. 5.2 Material

      1. 5.2.1 Metals

      2. 5.2.2 Polymer

      3. 5.2.3 Ceramics

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Asia-Pacific

        1. 5.3.2.1 China

        2. 5.3.2.2 Japan

        3. 5.3.2.3 India

        4. 5.3.2.4 Rest of Asia-Pacific

      3. 5.3.3 Europe

        1. 5.3.3.1 United Kingdom

        2. 5.3.3.2 France

        3. 5.3.3.3 Germany

        4. 5.3.3.4 Rest of Europe

      4. 5.3.4 Latin America

        1. 5.3.4.1 Mexico

        2. 5.3.4.2 Brazil

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 United Arab Emirates

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Stratasys Ltd

      2. 6.2.2 ExOne Co.

      3. 6.2.3 Materialise NV

      4. 6.2.4 Aerojet Rocketdyne Holdings Inc

      5. 6.2.5 Ultimaker BV

      6. 6.2.6 ARCAM AB

      7. 6.2.7 MTU AERO ENGINE

      8. 6.2.8 Hoganas AB

      9. 6.2.9 3D Systems Corporation

      10. 6.2.10 EnvisionTEC GmbH

      11. 6.2.11 EOS GmbH Electro Optical Systems

      12. 6.2.12 Moog Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The 3d Printing In Aerospace And Defense Market market is studied from 2018 - 2026.

The 3d Printing In Aerospace And Defense Market is growing at a CAGR of >20% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Arcam AB, Ultimaker BV, Stratasys Ltd, ExOne Co., 3D Systems Corporation are the major companies operating in 3d Printing In Aerospace And Defense Market.

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