Global Aerospace Additive Manufacturing Market Research Report – Forecast to 2023

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The global aerospace additive manufacturing market has been segmented, by application, into three, namely, engine, structural, and others. The engine segment market is projected to register the highest CAGR of 20.43% during the forecast period.

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Description

Additive Manufacturing (AM) is the process that can build a three-dimensional object based on a CAD digital model. AM uses an ‘additive’ process, where an object is built by applying materials in successive layers as per the CAD design. Unlike the conventional manufacturing, which involves ‘subtractive’ process (e.g., cutting, drilling, milling) and forming (bending, shaping), the AM process requires minimum or no tooling to build the finished product. The aerospace industry is one of the early adopters of additive manufacturing technology. The major milestone for the increased adoption of AM in the aerospace industry has been the increased penetration of improved metal-based AM system since 2011. These industrial grade AM systems provide relatively better advantages regarding build speed, cost, and materials rationalization.
Moreover, AM is regarded as the disruptive force that will lead the future of manufacturing, as it offers new ground for innovation, logistical advantages, and on-demand product manufacturing capability. Many governments, worldwide, are pushing to strengthen the competitiveness and productivity of high-tech manufacturing, and have launched several initiatives to promote the AM industry. U.S. is leading in terms of AM technology and market demand. U.S. has also set up various initiatives (e.g., National Additive Manufacturing Innovation Institute) to encourage the adoption of AM in U.S. manufacturing. Germany, Israel, China, Japan, U.K, South Africa, and Singapore are also investing heavily in promoting AM technology. These countries have committed hundreds of millions of dollars to establish AM R&D facilities, and commercialize the AM market potential for various industrial applications, including aerospace. Focus on reducing carbon footprint through aircraft weight reduction, focus on green manufacturing, and high efficiency of AM in the manufacture of complex aerospace parts are the major drivers of the aerospace additive manufacturing market. Similarly, technological advances in AM materials, rising military spending coupled with the demand for lightweight combat aircraft, increase in passenger traffic and demand for modern aircraft, and benefits of AM in drone component manufacturing are the opportunities for this market. Whereas, the high cost of AM materials is the restraint of this market.

Regional Analysis
The global aerospace additive manufacturing market is estimated to witness 20.24% CAGR during the forecast period, 2018-2023. In 2018, the market was led by North America with 38.86% share, followed by Europe and Asia-Pacific with shares of 24.17% and 20.64%, respectively. North America is the fastest growing region for aerospace additive manufacturing market. The market growth is significantly driven by major countries, such as the U.S. and Canada, due to the presence of chief manufacturers in this region. The U.S. has an advanced aerospace manufacturing base and spends a substantial amount on large R&D projects. However, the traditional manufacturing base is slowly shifting towards the APAC region, because of competitive and low-cost manufacturing capability in APAC. AM provides an important opportunity for the U.S. to develop high-tech manufacturing capability and revive the competitiveness and market potential of the U.S. manufacturing industry. Despite the current limitations of AM in terms of large-scale production capability, it provides unique opportunities to the aerospace sector, mainly to produce low-volume and highly complex products. Many companies have realized the superior benefits of AM in comparison to conventional manufacturing, and have employed AM to achieve supply chain efficiencies and reduced time-to-market. As a result, AM has received the much-needed attention in policy as well as manufacturing circles in the U.S. The White House Office of Science and Technology, Department of Commerce, the National Science Foundation, and the Department of Energy, have formed a working group, to advance the AM technology in the U.S. The U.S. government and NIST (National Institute of Standards and Technology) are further working to enhance AM systems, process optimization, materials characterization, and standards development. ‘America Makes,’ formerly NAMII (National Additive Manufacturing Innovative Institute) is another major initiative to develop AM sector in the U.S. ‘America Makes’ is a billion-dollar initiative to strengthen the U.S. manufacturing competitiveness.

Key Players
Arcam AB (Sweden), CRS Holdings Inc. (U.S.), Concept laser GmbH (Germany), CRP Technology S.r.l (Italy), 3D Systems (U.S.), EOS (Germany), ExOne (U.S.), SLM Solutions Group AG (Germany), Stratasys Ltd. (U.S.), and Optomec (U.S.) are some of the key players profiled in this report. The aerospace additive manufacturing market is dominated by top five players, namely Stratasys, EOS, GE Additive (inc. Acram & other affiliated companies), 3D Systems, and ExOne, accounting for more than 75% of the global market size.
Objective of the Global Aerospace Additive Manufacturing Market Report – Forecast to 2023
• To provide insights into factors influencing the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on platform, application, material type, technology, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience
• Aircraft, UAV & Spacecraft OEMs
• Engine & other component manufacturers
• Raw material providers
• Investment Agencies
• Government & Regulatory Authorities

Key Findings
• The global aerospace additive manufacturing market in this report has been segmented by platform into aircraft, unmanned aerial vehicle, and spacecraft. The unmanned aerial vehicle segment market is projected to register the highest CAGR of 20.64% during the forecast period.
• The global aerospace additive manufacturing market has been segmented, by application, into three, namely, engine, structural, and others. The engine segment market is projected to register the highest CAGR of 20.43% during the forecast period.
• The global aerospace additive manufacturing market in this report has been segmented by material type into four, namely, metal alloy, plastic, rubber, and others. The metal alloy segment market is projected to register the highest CAGR of 20.65% during the forecast period.
• The global aerospace additive manufacturing market in this report has been segmented by technology into five, namely, 3D printing, laser sintering, fused deposition modeling, electron beam melting, and stereolithography. The 3D printing segment market is projected to register the highest CAGR of 22.60% during the forecast period.
• North America would dominate the aerospace additive manufacturing market by 2023. It is expected to register a CAGR of 21.64% during the forecast period. It is expected to reach a market size of USD 906.7 million by 2023.

The regional analysis also includes:
• North America
o U.S.
o Canada
• Europe
o U.K
o France
o Germany
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East & Africa
o Israel
o UAE
o Saudi Arabia
o Rest of Middle East & Africa
• Latin America
o Brazil
o Mexico
o Rest of Latin America

Table of Contents

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Focus on decreasing carbon footprint through aircraft weight reduction
4.2.2 Focus on green manufacturing
4.2.3 High efficiency of AM in manufacturing complex aerospace parts
4.3 Restraint
4.3.1 High cost of AM materials
4.4 Opportunities
4.4.1 Technological advances in AM materials
4.4.2 Rising military spending coupled with demand for lightweight combat aircraft
4.4.3 Increase in passenger traffic and demand for modern aircraft
4.4.4 Benefits of AM in drone component manufacturing
4.5 Challenge
4.5.1 Development of standards
5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitutes
5.1.5 Rivalry
5.2 Supply Chain
6 Global Aerospace Additive Manufacturing Market, By Platform
6.1 Overview
6.1.1 Aircraft
6.1.1.1 Fixed-Wing
6.1.1.2 Rotary-Wing
6.1.2 Unmanned Aerial Vehicle
6.1.3 Spacecraft
7 Global Aerospace Additive Manufacturing Market, By Application
7.1 Overview
7.1.1 Engine
7.1.2 Structural
7.1.3 Others
8 Global Aerospace Additive Manufacturing Market, By Material Type
8.1 Overview
8.1.1 Metal Alloy
8.1.2 Plastic
8.1.3 Rubber
8.1.4 Others
9 Global Aerospace Additive Manufacturing Market, By Technology
9.1 Overview
9.1.1 3D Printing
9.1.2 Laser Sintering
9.1.2.1 Direct Metal
9.1.2.2 Selective
9.1.3 Stereolithography
9.1.4 Fused Deposition Modelling
9.1.5 Electron Beam Melting
10 Global Aerospace Additive Manufacturing Market, By Region
10.1 Overview
10.2 North America
10.2.1 U.S.
10.2.1.1 U.S. by Platform
10.2.1.2 U.S. by Application
10.2.1.3 U.S. by Material Type
10.2.1.4 U.S. by Technology
10.2.2 Canada
10.2.2.1 Canada by Platform
10.2.2.2 Canada by Application
10.2.2.3 Canada by Material Type
10.2.2.4 Canada by Technology
10.3 Europe
10.3.1 U.K.
10.3.1.1 U.K. by Platform
10.3.1.2 U.K. by Application
10.3.1.3 U.K. by Material Type
10.3.1.4 U.K. by Technology
10.3.2 France
10.3.2.1 France by Platform
10.3.2.2 France by Application
10.3.2.3 France by Material Type
10.3.2.4 France by Technology
10.3.3 Germany
10.3.3.1 Germany by Platform
10.3.3.2 Germany by Application
10.3.3.3 Germany by Material Type
10.3.3.4 Germany by Technology
10.3.4 Italy
10.3.4.1 Italy by Platform
10.3.4.2 Italy by Application
10.3.4.3 Italy by Material Type
10.3.4.4 Italy by Technology
10.3.5 Rest of Europe
10.3.5.1 Rest of Europe by Platform
10.3.5.2 Rest of Europe by Application
10.3.5.3 Rest of Europe by Material Type
10.3.5.4 Rest of Europe by Technology
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China by Platform
10.4.1.2 China by Application
10.4.1.3 China by Material Type
10.4.1.4 China by Technology
10.4.2 India
10.4.2.1 India by Platform
10.4.2.2 India by Application
10.4.2.3 India by Material Type
10.4.2.4 India by Technology
10.4.3 Japan
10.4.3.1 Japan by Platform
10.4.3.2 Japan by Application
10.4.3.3 Japan by Material Type
10.4.3.4 Japan by Technology
10.4.4 Australia
10.4.4.1 Australia by Platform
10.4.4.2 Australia by Application
10.4.4.3 Australia by Material Type
10.4.4.4 Australia by Technology
10.4.5 Rest of Asia Pacific
10.4.5.1 Rest of Asia Pacific by Platform
10.4.5.2 Rest of Asia Pacific by Application
10.4.5.3 Rest of Asia Pacific by Material Type
10.4.5.4 Rest of Asia Pacific by Technology
10.5 Latin America
10.5.1 Brazil
10.5.1.1 Brazil by Platform
10.5.1.2 Brazil by Application
10.5.1.3 Brazil by Material Type
10.5.1.4 Brazil by Technology
10.5.2 Mexico
10.5.2.1 Mexico by Platform
10.5.2.2 Mexico by Application
10.5.2.3 Mexico by Material Type
10.5.2.4 Mexico by Technology
10.5.3 Rest of Latin America
10.5.3.1 Rest of Latin America by Platform
10.5.3.2 Rest of Latin America by Application
10.5.3.3 Rest of Latin America by Material Type
10.5.3.4 Rest of Latin America by Technology
10.6 Middle East & Africa
10.6.1 Israel
10.6.1.1 Israel by Platform
10.6.1.2 Israel by Application
10.6.1.3 Israel by Material Type
10.6.1.4 Israel by Technology
10.6.2 UAE
10.6.2.1 UAE by Platform
10.6.2.2 UAE by Application
10.6.2.3 UAE by Material Type
10.6.2.4 UAE by Technology
10.6.3 Saudi Arabia
10.6.3.1 Saudi Arabia by Platform
10.6.3.2 Saudi Arabia by Application
10.6.3.3 Saudi Arabia by Material Type
10.6.3.4 Saudi Arabia by Technology
10.6.4 Rest of Middle East & Africa
10.6.4.1 Rest of Middle East & Africa by Platform
10.6.4.2 Rest of Middle East & Africa by Application
10.6.4.3 Rest of Middle East & Africa by Material Type
10.6.4.4 Rest of Middle East & Africa by Technology
11 Competitive Landscape
11.1 Competitive Scenario
11.2 Market Share Analysis
12 Company Profiles
12.1 3D Systems
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offerings
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategy
12.2 Arcam AB
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Product Offerings
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategy
12.3 Concept Laser GmbH
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products Offerings
12.3.4 Key Developments
12.3.5 SWOT Analysis
12.3.6 Key Strategy
12.4 CRP Technology S.r.l.
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products Offerings
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategy
12.5 CRS Holdings Inc.
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products Offerings
12.5.4 Key Developments
12.5.5 SWOT Analysis
12.5.6 Key Strategy
12.6 EOS
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Product Offerings
12.6.4 Key Developments
12.6.5 SWOT Analysis
12.6.6 Key Strategy
12.7 ExOne
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products Offerings
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.7.6 Key Strategy
12.8 Optomec
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products Offerings
12.8.4 SWOT Analysis
12.8.5 Key Strategy
12.9 SLM Solution Group AG
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products Offerings
12.9.4 SWOT Analysis
12.9.5 Key Strategy
12.10 Stratasys Ltd.
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offerings
12.10.4 Key Developments
12.10.5 SWOT Analysis
12.10.6 Key Strategy
13 Conclusion
14 Appendix
14.1 References

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