Market Size of 3D Printing In Aerospace And Defense Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.05 Billion |
| Market Size (2029) | USD 8.20 Billion |
| CAGR (2024 - 2029) | 15.13 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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3D Printing in Aerospace and Defense Market Analysis
The 3D Printing In Aerospace And Defense Market size is estimated at USD 4.05 billion in 2024, and is expected to reach USD 8.20 billion by 2029, growing at a CAGR of 15.13% during the forecast period (2024-2029).
The COVID-19 pandemic affected the aviation industry in 2020. Thus, 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 to enhance the use of 3D-printed parts and components in newer-generation aircraft. Furthermore, the use of 3D-printed parts is increasing in the aftermarket space, as such parts may reduce the pressure on 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. 3D printing also results in significant cost savings for users and 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, including 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 coming years.
