The global market for aerospace 3D printing is estimated to be USD 1.9 billion in 2021 and is projected to reach USD 4.7 billion by 2026, at a CAGR of 19.4% during the forecast period. The demand for aerospace 3D printing is projected to be driven by the low volume production of aircraft components in the aerospace industry, rising demand for lightweight components, the need to reduce the production time of components, and the requirement for cost-efficient and sustainable products. The requirement for rapid prototyping is expected to fuel the growth of the aerospace 3D printing market during the forecast period.
Key players have adopted various organic and inorganic strategies to strengthen their position in the aerospace 3D printing market. The key manufacturers in the aerospace 3D printing market include Stratasys Ltd. (U.S.), 3D Systems Corporation (U.S.), EOS GmbH (Germany), Norsk Titanium AS (Norway), Ultimaker B.V. (Netherlands), and EnvisionTec GmbH (Germany), etc. These players have adopted various strategies, such as acquisitions, contracts, new product launches, and partnerships & agreements, to expand their presence in the market further.
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EOS GMBH is a manufacturer of industrial 3D printing solutions. The company uses direct metal laser sintering (DMLS) and polymer technology on metals and plastics to develop prototypes and models. It offers a wide range of systems/printers, materials, software, and processes and extensive services and supplementary products for the plastic AM and metal AM markets.
3D SYSTEMS, INC. is a provider of additive manufacturing solutions. The company primarily develops three-dimensional (3D) printing and digital manufacturing solutions. Its products and solutions include 3D printers for plastics and metals, materials, software, maintenance and training services, and on-demand solutions. The company serves the healthcare and industrial verticals. The healthcare vertical includes dental and medical devices services; the industrial vertical includes aerospace and transportation.
STRATASYS LTD. is engaged in the manufacturing and sale of 3D printers, materials, software, professional services, and on-demand parts. The company offers its capabilities to various verticals, such as aerospace, healthcare, consumer products, automotive, rail, and education. It sells its offerings under the following brands: Stratasys Direct Manufacturing, Blueprint Consulting Services, GrabCAD Design Community and 3D Printing Software, and MakerBot.
Aerospace 3D Printing Market by Offerings(Printers, Materials, Services, Software), Technology, Platform(Aircraft, UAVs, Spacecraft), Application(Prototyping, Tooling, Functional Parts), End Product, End User(OEM, MRO), & Region - Global Forecast to 2026
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