Aerospace 3D Printing Market by Aircraft Parts and Geography - Forecast and Analysis 2021-2025
- Published: Dec 2021
- Pages: 120
- SKU: IRTNTR70656
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The aerospace 3D printing market share is expected to increase by USD 3.82 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 32.98%.
This aerospace 3D printing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aerospace 3D printing market segmentation by aircraft parts (aircraft components, airframe, and others) and geography (North America, Europe, APAC, South America, and MEA). The aerospace 3D printing market report also offers information on several market vendors, including 3D Systems Corp., Aerojet Rocketdyne Holdings Inc., EnvisionTEC GmBH, EOS GmbH Electro Optical Systems, General Electric Co., Hoganas AB, Materialise NV, Stratasys Ltd., The Boeing Co., and The ExOne Company among others.
What will the Aerospace 3D Printing Market Size be During the Forecast Period?
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"The expansion of facilities and extensive use of 3D printing technology for different components and parts will facilitate the commercial aerospace 3D printing market growth in North America over the forecast period."
Aerospace 3D Printing Market: Key Drivers, Trends, and Challenges
The improved parts performance with weight reduction is notably driving the aerospace 3D printing market growth, although factors such as restriction for buildup envelope and product size may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aerospace 3D printing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Aerospace 3D Printing Market Driver
The improved parts performance with weight reduction is one of the key drivers supporting the aerospace 3D printing market growth. With 3D printing, it is feasible to produce lightweight structures for prototyping the final product. The technology enables the creation of intricate geometries that can drastically reduce the weight of a component while maintaining its structural strength. The reduction in weight helps designers achieve lower material costs, along with fuel savings. In the aerospace industry, reducing the overall weight of components is crucial to lowering fuel consumption and carbon dioxide emissions. On that note, Airbus is trying to attain certification for its lighter cabin partitions. Hence, the newly developed design for the A320 partition weighs 66.13 pounds less than the traditional one, indicating a 45% reduction in weight. Such developments are anticipated to drive market growth during the forecast period.
Key Aerospace 3D Printing Market Trend
Combining 3D printing with traditional manufacturing is another factor supporting the aerospace 3D printing market growth. For instance, Siemens offers the new NX Hybrid additive manufacturing software that uses conventional manufacturing and additive manufacturing for production. It is a hybrid process that combines conventional processes such as boring, milling, and grinding with additive manufacturing such as 3D printing. The company used the laser deposition process for building burner heads of gas turbines with metal powder. The burner was developed in innovative shapes, including honeycomb. It allowed the conversion of a solid structure to a hollow shape, with relative weight savings. Thus, the hybrid process helped reduce the manufacturing time by 90% and increased the dimensional accuracy of the component. Such recent technological improvements in 3D printers that can work with metal and aluminum will likely increase the acceptance of these printers in this industry.
Key Aerospace 3D Printing Market Challenge
Restriction for buildup envelope and product size is one of the factors hindering the aerospace 3D printing market growth. Most technologies offer systems with a limited building scope, which makes 3D printing applicable for only small components. This is applicable to almost all 3D printing processes, but the major issue in aircraft is with the powder bed fusion process, a widely applied technology for metal printing. Moreover, the biggest building scope for standard metal printing with the powder fusion bed process measures 0.8X0.4X0.5 m. There is a possibility to customize machines for customers, but this incurs high costs. The aerospace industry is focusing on upgrading the current technology for the printing of larger products. For instance, Oak Ridge National Laboratory and Boeing holds a world record for manufacturing the largest solid 3D-printed object called the trim and drill tool, which is used to create the wings of Boeing's Next-Generation 777X jet. Thus, the inability of 3D printers to produce large components hinders its wide-scale adoption in the aerospace industry.
This aerospace 3D printing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the aerospace 3D printing market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aerospace 3D printing market during the forecast period.
Who are the Major Aerospace 3D Printing Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 3D Systems Corp.
- Aerojet Rocketdyne Holdings Inc.
- EnvisionTEC GmBH
- EOS GmbH Electro Optical Systems
- General Electric Co.
- Hoganas AB
- Materialise NV
- Stratasys Ltd.
- The Boeing Co.
- The ExOne Company
This statistical study of the aerospace 3D printing market encompasses successful business strategies deployed by the key vendors. The aerospace 3D printing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- 3D Systems Corp. - It is a public company that is headquartered in the US. It is a global company that generated a revenue of $687.66 million and had around 2,620 employees. Its revenue from the global aerospace 3D printing market contributes to its overall revenues, along with its other offerings, but is not a key revenue stream for the company.
- 3D Systems Corp - The company offers aerospace 3D printing for additive manufacturing applications for aerospace and defense.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The aerospace 3D printing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Aerospace 3D Printing Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the aerospace 3D printing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the aerospace and defense market includes the following core components:
- Inbound logistics
- Marketing and sales
- Aftermarket and service
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Aerospace 3D Printing Market?
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35% of the market's growth will originate from Europe during the forecast period. France and Germany are the key markets for aerospace 3D printing market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
Another key region offering significant growth opportunities to the vendors is North America. The expansion of facilities and the extensive use of 3D printing technology for different components and parts will facilitate the aerospace 3D printing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in the region severely impacted the regional aviation industry. However, in June 2020, airlines carried over 93% more passengers as compared with May 2020, owing to relaxation in travel restrictions. This, in turn, is expected to propel the demand for aircraft manufacturing, thereby driving the growth of the market in focus in North America. Furthermore, vaccination drives against COVID-19 have begun in the region, which will further boost market growth during the forecast period.
What are the Revenue-generating Aircraft Parts Segments in the Aerospace 3D Printing Market?
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The aerospace 3D printing market share growth by the aircraft components segment will be significant during the forecast period. For instance, owing to the growing popularity of business jets, JBRND has strengthened the manufacturing capability of its plant located in San Antonio, Texas, US. It has initiated the use of 3D-printed prototypes and assembly guides to ramp up the development process of new components and parts. Such developments are expected to propel the adoption of additive manufacturing for the development of components and subsystems, which will drive the 3D printing aircraft components market globally during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aerospace 3D printing market size and actionable market insights on post COVID-19 impact on each segment.
Aerospace 3D Printing Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 32.98%
Market growth 2021-2025
$ 3.82 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
Europe at 35%
Key consumer countries
US, France, Germany, Canada, and UK
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
3D Systems Corp., Aerojet Rocketdyne Holdings Inc., EnvisionTEC GmBH, EOS GmbH Electro Optical Systems, General Electric Co., Hoganas AB, Materialise NV, Stratasys Ltd., The Boeing Co., and The ExOne Company
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Aerospace 3D Printing Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive aerospace 3D printing market growth during the next five years
- Precise estimation of the aerospace 3D printing market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aerospace 3D printing industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aerospace 3D printing market vendors
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1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
2.3 Value chain analysis
Exhibit 02: Value chain analysis: Aerospace and defense market
2.3.2 Inbound logistics
2.3.4 Marketing and sales
2.3.5 Aftermarket and service
3. Market Sizing
3.1 Market definition
Exhibit 03: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 07: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 08: Market condition - Five forces 2020
5. Market Segmentation by Aircraft Parts
5.1 Market segments
The segments covered in this chapter are:
- Aircraft components
Exhibit 09: Aircraft parts - Market share 2020-2025 (%)
5.2 Comparison by Aircraft parts
Exhibit 10: Comparison by Aircraft parts
5.3 Aircraft components - Market size and forecast 2020-2025
Exhibit 11: Aircraft components - Market size and forecast 2020-2025 ($ million)
Exhibit 12: Aircraft components - Year-over-year growth 2020-2025 (%)
5.4 Airframe - Market size and forecast 2020-2025
Exhibit 13: Airframe - Market size and forecast 2020-2025 ($ million)
Exhibit 14: Airframe - Year-over-year growth 2020-2025 (%)
5.5 Others - Market size and forecast 2020-2025
Exhibit 15: Others - Market size and forecast 2020-2025 ($ million)
Exhibit 16: Others - Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Aircraft parts
Exhibit 17: Market opportunity by Aircraft parts
6. Customer Landscape
Exhibit 18: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 19: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 20: Geographic comparison
7.3 North America - Market size and forecast 2020-2025
Exhibit 21: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 22: North America - Year-over-year growth 2020-2025 (%)
7.4 Europe - Market size and forecast 2020-2025
Exhibit 23: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 24: Europe - Year-over-year growth 2020-2025 (%)
7.5 APAC - Market size and forecast 2020-2025
Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 27: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 28: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 29: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 30: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 31: Key leading countries
7.9 Market opportunity by geography
Exhibit 32: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Improved parts performance with weight reduction
8.1.2 Enabling miniaturization of jet engines
8.1.3 Additive manufacturing transforming supply chain
8.1.4 Convenience in printing larger components
8.2 Market challenges
8.2.1 Restriction for buildup envelope and product size
8.2.2 Failure to replace conventional manufacturing
8.2.3 Limited economy of scale
8.2.4 Manufacturing and procedural constraints
8.3 Market trends
8.3.1 Combining 3D printing with traditional manufacturing
8.3.2 Influence of 3D printing on aircraft interiors
8.3.3 3D-printed screw threads and fasteners
9. Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 33: Vendor Landscape
9.3 Landscape disruption
Exhibit 34: Landscape disruption
9.4 Industry risks
Exhibit 35: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 36: Vendors covered
10.2 Market positioning of vendors
Exhibit 37: Market positioning of vendors
10.3 3D Systems Corp.
Exhibit 38: 3D Systems Corp. - Overview
Exhibit 39: 3D Systems Corp. - Business segments
Exhibit 40: 3D Systems Corp. - Key news
Exhibit 41: 3D Systems Corp. - Key offerings
10.4 Aerojet Rocketdyne Holdings Inc.
Exhibit 42: Aerojet Rocketdyne Holdings Inc. - Overview
Exhibit 43: Aerojet Rocketdyne Holdings Inc. - Business segments
Exhibit 44: Aerojet Rocketdyne Holdings Inc. - Key news
Exhibit 45: Aerojet Rocketdyne Holdings Inc. - Key offerings
Exhibit 46: Aerojet Rocketdyne Holdings Inc. - Segment focus
10.5 EnvisionTEC GmBH
Exhibit 47: EnvisionTEC GmBH - Overview
Exhibit 48: EnvisionTEC GmBH - Product and service
Exhibit 49: EnvisionTEC GmBH - Key news
Exhibit 50: EnvisionTEC GmBH - Key offerings
10.6 EOS GmbH Electro Optical Systems
Exhibit 51: EOS GmbH Electro Optical Systems - Overview
Exhibit 52: EOS GmbH Electro Optical Systems - Product and service
Exhibit 53: EOS GmbH Electro Optical Systems - Key news
Exhibit 54: EOS GmbH Electro Optical Systems - Key offerings
10.7 General Electric Co.
Exhibit 55: General Electric Co. - Overview
Exhibit 56: General Electric Co. - Business segments
Exhibit 57: General Electric Co. - Key news
Exhibit 58: General Electric Co. - Key offerings
Exhibit 59: General Electric Co. - Segment focus
10.8 Hoganas AB
Exhibit 60: Hoganas AB - Overview
Exhibit 61: Hoganas AB - Product and service
Exhibit 62: Hoganas AB - Key news
Exhibit 63: Hoganas AB - Key offerings
10.9 Materialise NV
Exhibit 64: Materialise NV - Overview
Exhibit 65: Materialise NV - Business segments
Exhibit 66: Materialise NV - Key news
Exhibit 67: Materialise NV - Key offerings
Exhibit 68: Materialise NV - Segment focus
10.10 Stratasys Ltd.
Exhibit 69: Stratasys Ltd. - Overview
Exhibit 70: Stratasys Ltd. - Product and service
Exhibit 71: Stratasys Ltd.- Key news
Exhibit 72: Stratasys Ltd. - Key offerings
10.11 The Boeing Co.
Exhibit 73: The Boeing Co. - Overview
Exhibit 74: The Boeing Co. - Business segments
Exhibit 75: The Boeing Co. - Key news
Exhibit 76: The Boeing Co. - Key offerings
Exhibit 77: The Boeing Co. - Segment focus
10.12 The ExOne Company
Exhibit 78: The ExOne Company - Overview
Exhibit 79: The ExOne Company - Business segments
Exhibit 80: The ExOne Company - Key news
Exhibit 81: The ExOne Company - Key offerings
11.1 Scope of the report
11.1.1 ????Market definition
11.1.3 ????Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 82: ?Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 83: ?Research Methodology
Exhibit 84: ??Validation techniques employed for market sizing?
Exhibit 85: ??Information sources
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Improved parts performance with weight reduction
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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