Aerospace Additive Manufacturing Market Size Covid19 Impact Report | Business Outlook, Growth 2023-MRFR

 

Global Market for Aerospace Additive Manufacturing Market – Competitive Dashboard

Some of the key players profiled in the report include Stratasys, EOS, GE Additive, 3D System, ExOne, Arcam AB, ATI, CRS Holdings Inc., Concept Laser, CRP Technology S.R.L, SLM Solutions, and Optomec.

The aviation sector continues to scale new heights in emerging markets in the Middle East and Asia, which characterizes the surge in aerospace manufacturing and the subsequent increase in demand for raw materials. The current trend in the aviation industry is proving to be favorable for novel manufacturing technologies such as the additive manufacturing. The aerospace industry has been the early adopters of various technologies that went on to become a standard in other manufacturing domains.

 A similar trend is being observed in additive manufacturing landscape, as the technology gains more ground in aerospace manufacturing. Market Research Future (MRFR)’s latest study reveals that the global aerospace additive manufacturing market is set to expand at 20.24% CAGR during the forecast period (2018-2023). The market is highly organized and well regulated in developed countries such as the U.S and the U.K.

Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1551

The global aerospace additive manufacturing market is likely to remain influenced by various factors during the forecast period. Some of these factors include the enforcement of stringent regulation to check aircraft carbon emission, increased stress on aircraft weight reduction, focus on green manufacturing and high efficiency of AM in the manufacturing of complex aerospace parts. Application opportunities for additive manufacturing or AM are limitless in the aerospace industry. However, the novelty of technology makes it cost intensive and thereby restricting its accessibility.

Global Market for Aerospace Additive Manufacturing Market– Segmental Analysis

MRFR’s report offers a thorough segmental analysis of the market based on platform, application, material type, technology, and region. By platform, the market has been segmented into aircraft, unmanned aerial vehicle, and spacecraft. Among these, the aircraft segment currently accounts for the largest market share and is likely to remain highly lucrative throughout the assessment period. AM has become an important tool for various purposes such as design and production of complex parts in the aircraft industry. By application, the market has been segmented into engine, structural, and others.

The engine segment accounts for the lion’s share of global aerospace additive manufacturing market and is expected to witness a healthy CAGR during the assessment period. By material type, the market has been segmented into metal alloy, plastic, rubber and others. Among these, the metal alloy segment is likely to retain its top position over 2023. Metal alloy additive manufacturing is primarily used in rocket and propulsion hardware, engine injector and fuel nozzles. By technology, the market has been segmented into 3D Printing, laser sintering, fused deposition modeling, electron beam melting and stereolithography. The 3D printing segment currently accounts for the largest market share and is expected to remain a prominent AM technology in the years to come.

Regional Outlook

On the basis of region, the market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Rest of the World (RoW). North America is home to some of the leading market players.

 As a result, the region leads in the production and sales of industrial grade additive manufacturing systems. Major additive manufacturing (AM) systems producers such as Stratasys and 3D Systems are based in the U.S., which is considered as a positive factor for the market in the region. Meanwhile, Europe and Asia Pacific are also expected to remain important growth pockets for the global aerospace additive manufacturing market during the forecast period. Both the regions collectively command for nearly 50% share of the global market. In Europe, the increased effort towards research initiatives is recognized as one of the key trends that will govern the market trends in the region in the forthcoming years.

Access Report @ https://www.marketresearchfuture.com/reports/aerospace-additive-manufacturing-market-1551

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more