Market Share of 3D Printing In Aerospace And Defense Industry
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. Some of the prominent players in the market are General Electric Company, Airbus SE, Safran SA, Aerojet Rocketdyne Holdings Inc., 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 to manufacture spacecraft parts using 3D printed components. This factor is expected to allow new companies to venture into the market in the coming years, increasing competition.
3D Printing in Aerospace and Defense Market Leaders
Airbus SE
The Boeing Company
Aerojet Rocketdyne Holdings Inc.
General Electric Company
Safran SA
*Disclaimer: Major Players sorted in no particular order
