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Rising demand for lightweight aircraft to increase fuel-efficiency is a key factor driving global aerospace 3D printing market revenue growth
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www.emergenresearch.com Aerospace 3D Printing Market Size Worth USD 11.98 Billion in 2028 Rising demand for lightweight aircraft to increase fuel- efficiency is a key factor driving global aerospace 3D printing market revenue growth
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Market Summary The global aerospace 3D printing market size is expected to reach USD 11.98 Billion at a steady CAGR of 26.6% in 2028, according to latest analysis by Emergen Research. Steady global aerospace 3D printing market revenue growth can be attributed to increasing need for lightweight aircraft to enhance fuel-efficiency. Production of customized aircraft parts to meet the specific functional needs in aircraft is also drive demand for 3D printing in the aerospace industry. Some key highlights in the report: In July 2020, Ultimaker made an announcement about the launch of Ultimaker Essentials, which is an innovative 3D printing software solution developed to help companies to incorporate additive manufacturing in current IT infrastructures and with the benefit of easy software distribution and upgradation. www.emergenresearch.com
Market Summary Key Highlights from the Report Use of 3D printers in the aerospace industry reduces manufacturing time and saves on material costs. Companies, including GE Aviation and various government organizations, such as NASA are making significant investment in research and development of novel 3D printing alloys with the ability to withstand high speed and harsh environments, while optimizing strength-to-weight ratio of the aircraft engine. Stereolithography in aerospace sector is widely used in manufacturing aircraft/spacecraft component parts in a relatively short time period, as it allows for fast curing of printed parts. Stereolithography helps in prototyping by enabling production of a low-cost, precise model, and hence aids manufacturers in finding potential mistakes that can cost a lot by detecting flaws in design of the component parts to be printed. Additionally, the technology offers a cost- effective alternative for low-volume parts’ production and a lower lead time. Moreover, as stereolithography is driven by Computer Aided Design (CAD), it allows for easy scalability. Request Free Sample Copy @ https://www.emergenresearch.com/request-sample/917 ww.emergenresearch.com
Market Summary Emergen Research has segmented the global aerospace 3D printing market on the basis of component, technology, application, and region: Component Outlook (Revenue, USD Million; 2018–2028) Hardware Software Services Materials Technology Outlook (Revenue, USD Million; 2018–2028) Direct Metal Laser Sintering (DMLS) Fused Deposition Modeling (FDM) Stereolithography (SLA) Selective Laser Sintering (SLS) Others
Market Summary Application Outlook (Revenue, USD Million; 2018–2028) Aircraft Unmanned Aerial Vehicles Spacecraft Read More @ https://www.emergenresearch.com/industry-report/aerospace-3d-printing-market
Parameter Details Market Size Estimation Period 2020-2027 Base Year Considered 2020 Historical Data 2017-2019 Forecast Period 2021-2028 Volume: Thousand Tons, Revenue in USD billion & CAGR from 2020 to 2027 Quantitative Units MARKET Segments Covered Type, End user, Materials used, Region Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil SEGMENTATION Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends Report Coverage Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa Customization Scope 10 hours of free customization & expert consultation Explore Different Purchase Options & Request for Discount to Avail New Year Discount Pricing and Purchase Options www.emergenresearch.com
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