The Worldwide Aerospace and Defense 3D Printing Industry is Expected to Reach $6 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Aerospace and Defense 3D Printing Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

A 3D printer uses a software program to receive a command and create a three-dimensional object, which is called additive manufacturing.

In addition to aerospace and manufacturing, 3D printers are used in medical fields and in the medical field. As advanced technology 3D printers become available, the aerospace and defence industries' 3D printing capabilities should improve in the coming years Aerospace companies were among the first to adopt 3D printing technology. Today, the aerospace industry continues to be considered the one that is most adept at using 3D printing technologies.

A multitude of factors contribute to this, such as faster production delivery, lower production quantities, and the ability to design for additive manufacturing. Several aerospace companies have already adopted this technology in their operations. Boeing is one such company that has been experimenting with 3D printing.

In 2019, Boeing developed the first metal 3D printed satellite antenna using 3D printing for satellite production. Located in Israel, the antenna was designed by the Israeli satellite launch company Spacecom, which successfully launched AMOS 17. In the near future, 3D printing may have an increasing impact on the aerospace industry, thereby making the market more profitable.

Commercial aircraft, military aircraft, and space technology are examples of areas where the aerospace and defense (A&D) industries have adopted additive manufacturing technology. In the aircraft 3D printing industry, in both the commercial aviation and military aviation sectors, some of the current applications include building 3D printed PMA replacement parts and designing complex aerospace parts.

The aerospace industry is a major market for the U.S. In 2019, combined sales for the aerospace and defense industry reached $909 billion, an increase of 6.7% over the previous year. The majority of this revenue, - $399 billion - was driven by shared supply chains, that support both aerospace and defense. (source: aia-aerospace.org). Based on these estimates, the aerospace industry generates significant investment and revenue, which impacts the growth of 3D printing in the field.

Growth Factors:

A high growth rate is expected for the aircraft segment

Developing and designing an aircraft involves taking into account the aircraft's weight. Fuel consumption of lighter aircraft has decreased. There are low profits on aircraft, so aircraft that are more fuel-efficient are given preference. In technologically advanced aircraft, lightweight advanced materials - like components, parts, and airframes are used to create lightweight and advanced components without compromising strength or aerodynamics.

Several companies, including Lockheed Martin Corporation and Arconic, have recently announced joint development agreements (JDA) to develop next-generation, advanced manufacturing processes, and advanced materials. As part of their future plans, the two companies will improve current and next-generation aerospace and defense solutions by designing lightweight material systems and incorporating advanced manufacturing technologies such as metal 3D printing.

A combination of the factors described above has led to increased demand for newer generation aircraft, and may also drive the growth of the additive manufacturing industry. According to Boeing, the aircraft segment commanded the largest share of 3D printed parts during 2018.

Boeing (US) and Oerlikon (Switzerland) signed a five-year agreement in 2019 to support the development of titanium 3D printing processes. Airbus and Safran have made great progress with their Ariane6 rocket ;-using 3D printing, a single part of the injector head replaced 248 parts.

Restraints:

High Cost

Global aerospace and defense 3D printing market growth, however, may be hindered by high acquisition costs associated with 3D printing and a lack of raw materials.

In contrast to mills and injection mold presses, many 3D printers, including industrial printers, have relatively small build chambers. A large part would need to be sliced into sections and stitched together later, after the printer's build chamber is full. Due to the increased printing costs and the manual labor involved, the market growth will be curtailed.

Companies Mentioned

• Stratasys Ltd.
• 3D Systems, Inc.
• Materialise
• EOS Group
• SLM Solutions Group AG
• ENVISIONTEC, INC.
• Renishaw plc
• Extrude Hone (ExOne) Company
• Concept Laser GmbH (A subsidiary of General Electric)
• MTU Aero Engines

Market Segmentation:

By Material

• Metals
• Polymers
• Ceramics

By Technology

• SLS
• SLA
• Material Jetting
• Others

By Application

• Prototyping
• Tooling
• Parts
• Fixtures
• Coating

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Japan
• Others

For more information about this report visit https://www.researchandmarkets.com/r/36dtfw