Aerospace 3D Printing Market

Stratasys Ltd. (U.S.) and 3D Systems Corporation (U.S.) are the Leading Players in the Aerospace 3D Printing Market

The aerospace 3D printing market is expected to witness different types of advancements, in terms of printers, materials, and technologies used for 3D printing in the coming years. New processes with low production time are being developed for the aerospace industry to produce aerospace components in less time. Printers using advanced 3D printing technology are being developed so as to enhance the adoption rate of 3D printing in the aerospace industry. The aerospace 3D printing market is projected to reach USD 3,057.9 Million by 2022, at a CAGR of 27.42% from 2017 to 2022.

The key players in the aerospace 3D printing market include Stratasys Ltd. (U.S.), 3D Systems Corporation (U.S.), EOS GmbH (Germany), The ExOne Company (U.S.), Arcam AB (Sweden), Materialise NV (Belgium), Ultimaker B.V. (Netherlands), and Höganäs AB (Sweden), among others. These companies have adopted various growth strategies to increase their geographical presence and develop new 3D printing technologies as well as 3D printers that cater to different requirements of the aerospace industry. Contracts, partnerships, and new product launches are the key growth strategies adopted by the market players to grow in the aerospace 3D printing market.

Stratasys Ltd. (U.S.) is one of the leading players in the aerospace 3D printing market and is involved in the delivery of additive manufacturing solutions for rapid prototyping. It also offers large production systems for direct digital manufacturing. In 2016, the company launched GrabCAD print, which is a universal design-to-3D print application to make 3D printing easy, intuitive, and highly accessible. The company also acquired Solid Concepts Pte. Ltd. (Singapore) as a part of its acquisition strategy to increase its presence in the Asia-Pacific region.

3D Systems Corporation (U.S.) is another leading player in the aerospace 3D printing market. The company provides three-dimensional (3D) printing centered design-to-manufacturing solutions. It offers 3D printers, Quickparts solutions, TeamPlatform, 3D authoring tools and scanners, and Bespoke Modeling. It also outsources printer production, assembling, and refurbishment activities to the selected companies and suppliers. In 2016, the company launched ProJet MJP 3600 Series and ProX DMP 320, along with enhancements for ProJet MJP 5500X. In 2015, 3D Systems Corporation (U.S.) partnered with Methods Machine Tools (U.S.), a provider of precision machine tools and automation, to enter the aerospace 3D printing market. As a result of this partnership, Methods Machine Tools offers professional and production 3D printers manufactured by 3D Systems to its customers, thus expanding product distribution network of 3D Systems.

Related Reports:

Aerospace 3D Printing Market by Vertical (Materials, Printers) Industry (Aircraft, UAV, Spacecraft) Printers Technology (SLA, SLS, DMLS, FDM, Clip) Materials Application (Engine, Structural, & Space Components) and Region - Global Forecast to 2022

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Report Code
AS 5201
Published ON
Apr, 2017
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