3D Printing in Aerospace and Defense Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The 3D Printing in Aerospace and Defense Market is segmented by Application (Aircraft, Unmanned Aerial Vehicles, and Spacecraft), Material (Alloys, Special Metals, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers market size and forecasts for all the above segments in value (USD million).

Market Snapshot

3D Printing In Aerospace And Defense Market Overview
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Europe
CAGR: 25.9 %

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Market Overview

The 3D Printing in Aerospace and Defense Market was valued at USD 1074.72 million in 2020 and is anticipated to register a CAGR of 25.9% to reach a market value of USD 6060.8 million by 2026.

The COVID-19 pandemic has affected the aviation industry since 2020, due to which airlines have opted to accelerate the retirement of older aircraft as a cost-cutting measure and are now planning to replace them with newer generation aircraft that are comparatively lightweight and more fuel-efficient. Several aerospace OEMs are investing in large-scale research projects, which are aimed at enhancing the use of 3D-printed parts and components in newer-generation aircraft. Furthermore, the use of 3D-printed parts is also increasing in the aftermarket space, as the use of such parts may reduce the pressure on the traditional supply chains.

The benefits offered by 3D printing have popularized its adoption in the aerospace sector. 3D printing produces parts at lower costs with faster lead times and more digitally flexible design and development methods. The use of 3D printing also results in significant cost savings for the users and the manufacturers.

Although the adoption of 3D printing is increasing in the A&D sector, there are significant challenges that are currently delaying its progress toward mass adoption. Nevertheless, the advancements in the 3D printing technology and material sciences are likely to address most of these limitations, thereby driving the adoption of 3D printing in the aviation industry in the years to come.

Scope of the Report

3D printing or additive manufacturing refers to the process in which material is deposited, joined, or solidified under computer control to create a three-dimensional solid object from a digital file. The report covers the use of 3D printing in the aviation (civil and military) and space sectors only. Terrestrial and naval vehicles are excluded from the purview of the study. The market has been segmented by Application into Aircraft, Unmanned Aerial Vehicles, and Spacecraft, and by Material into Alloys, Special Metals, and Others. The report also covers the market sizes and forecasts for the market in major countries across different regions. The market sizing and forecasts have been provided in value (USD million).

Application
Aircraft
Unmanned Aerial Vehicles
Spacecraft
Material
Alloys
Special Metals
Others
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 Dominate the Market During the Forecast Period

The aviation industry, along with the manufacturing and logistics hubs, suffered a significant loss during 2019-2020 due to the sudden pandemic outbreak. Nevertheless, the industry is expected to recover during the forecast period. According to the International Air Transport Association (IATA), passenger traffic will recover to pre-covid levels by 2023. This is expected to drive the procurement of new aircraft, as well as the demand for aircraft aftermarket parts. The aggressive growth opportunities and increasing backlogs due to slow manufacturing capabilities due to the lack of technological integration have forced the aircraft OEMs to focus on the usage of novel 3D printing technologies that are expected to reduce time and money by automating and increasing the operational efficiency of manufacturing. Several aircraft OEMs are adopting the 3D printed parts in their aircraft models. For instance, in March 2021, Stratasys has been awarded a contract extension by Airbus for the production of 3D printed polymer components for the aircraft cabin interiors. While the previous contract was only for the A350 aircraft, the renewal includes the production of parts for several more aircraft platforms, as well as spare part production. In addition to A350, the company will now supply parts for installation on the A300, A330, A340 and A320 aircraft platforms. Furthermore, the aging aircraft fleet within the military segment and demand generation of replacing military aircraft with mordent fleet has overcome years and has generated considerable market potential. Aircraft manufacturers are aware of the increasing demand for new aircraft and actively investing in 3D printing technologies within the manufacturing segment, which is expected to drive the growth of the segment in the years to come. 

3D Printing in Aerospace and Defense Market_Segmentation

Asia-Pacific is Expected to Witness the Highest Growth

The Asia-Pacific region is expected to record the highest growth in the market during the forecast period. Countries like China, India, Japan South Korea, etc., are investing in the R&D of 3D printing technologies, aimed at increasing their adoption in the Aerospace sector. Under China's Made in China 2025 master plan, the Chinese government has earmarked the development of aerospace equipment and 3D printing as key growth drivers of Chinese manufacturing industries. The country's latest C919 commercial airliner is built using several 3D printed components, paving the way for greater adoption of 3D printing technologies in the country. The C919 uses 3D printed titanium parts, 28 cabin door parts, and two fan inlet structural parts to reduce the airliner weight and increase its safety. In the space sector, China successfully launched an indigenously developed space 3D printer onboard a Long March 5B rocket in 2020. The 3D printer was designed by the China Academy of Space Technology (CAST), and it completed the first 3D printing tests in the microgravity of space. On the other hand, India is gradually increasing its focus on the utilization of 3D printing technology, with startups springing up in cities like Bangalore, Chennai, Mumbai, Visakhapatnam, etc., to produce essential parts for the aerospace and defense sector. The clientele includes the Indian Navy, Air Force, Indian Space Research Organisation (ISRO), and Hindustan Aeronautics Limited (HAL). Japan-based aerospace firms are also strongly advocating the use of 3D printing technologies as they result in minimum wastage of materials and are therefore in line with their lean manufacturing principles. Japanese firms, including IHI and MHI, are keenly adopting 3D printing technologies to foster their design and production capabilities for the A&D sector. Such developments are expected to drive the growth of the market in the region during the forecast period.

3D Printing in Aerospace and Defense Market_Geography

Competitive Landscape

The market for 3D printing in aerospace and defense is fragmented with the presence of aircraft OEMs and spacecraft manufacturers along with tier-1 and tier-2 manufacturers that support the aerospace and defense industry in the market. Some of the prominent players in the market are GE Aviation, Airbus SE (Airbus), Safran SA (Safran), Raytheon Technologies Corporation, and The Boeing Company. With the increasing demand for lightweight components and more fuel-efficient airborne platforms, the companies are robustly investing in expanding their existing additive manufacturing capabilities to seize the growing opportunities. On this note, in July 2021, Burloak Technologies announced the opening of its second additive manufacturing center in Camarillo, California. The new facility is expected to reinforce its Additive Manufacturing Center of Excellence in Ontario. Aircraft OEMs are also increasing their footprint in the additive manufacturing market with the increasing requirement for 3D printed components. Also, due to the economic advantage of 3D printing components in the space sector compared to the traditional subtractive manufacturing methods, space agencies like NASA and ESA are currently looking for manufacturing spacecraft parts using 3D printed components. This is expected to further allow new companies to venture into the market in the coming years, thereby increasing the competition in the market.

Recent Developments

In September 2021, Lockheed Martin announced its collaboration with Makerbot to produce 3D printed parts and designs for the AI-Assisted Lunar Rover Project delivered to NASA. Lockheed Martin is developing a new fully autonomous lunar rover in partnership with General Motors, that could be used for NASA’s Artemis program.

In February 2021, Wipro 3D, the metal additive manufacturing (AM) business of Wipro Infrastructure Engineering (WIN), and the Engine Division of Hindustan Aeronautics Ltd. (HAL) announced that they have manufactured a metal 3D printed aircraft engine component. The collaboration is currently working towards the development, manufacturing, and airworthiness certification of a critical aero-engine component operating in the hot zone.

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 (Market Size by Value - USD million)

    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 Alloys

      2. 5.2.2 Special Metals

      3. 5.2.3 Others

    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 Aerojet Rocketdyne Holdings Inc

      2. 6.2.2 MTU Aero Engines AG

      3. 6.2.3 Moog Inc.

      4. 6.2.4 Safran SA

      5. 6.2.5 GE Aviation

      6. 6.2.6 The Boeing Company

      7. 6.2.7 Airbus SE

      8. 6.2.8 Samuel, Son & Co.

      9. 6.2.9 Raytheon Technologies Corporation

      10. 6.2.10 Honeywell International Inc.

      11. 6.2.11 American Additive Manufacturing LLC

      12. 6.2.12 Lockheed Martin Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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 25.9% over the next 5 years.

The 3d Printing In Aerospace And Defense Market is valued at 1074 Million USD in 2018.

The 3d Printing In Aerospace And Defense Market is valued at 6060 Million USD in 2026.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Airbus SE, The Boeing Company, GE Aviation, Safran SA, Raytheon Technologies Corporation are the major companies operating in 3d Printing In Aerospace And Defense Market.

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