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Global Aerospace 3D Printing Market to Grow at a CAGR of 22.0% During the Period 2022-2027, Driven by Applications in Aerospace

According to a new report by EMR titled, ‘Global Aerospace 3D Printing Market Report and Forecast 2022-2027’, the global aerospace 3D printing market is expected to grow at a CAGR of 22.0% during the period 2022-2027, led by advancements in technology.

The aerospace 3D printing market is expected to be driven by rising demand for lightweight 3D printed parts for aircraft engines that help enhance performance. North America, Europe and Asia are likely to be key markets.

Several leading companies are engaged in developing advanced solutions. For example, in 2021, Hexagon's Manufacturing Intelligence division announced a novel solution with Stratasys to help manufacturers in the aerospace sector increase confidence in the performance and safety of 3D printed plastic pieces and compress time to market. Through the virtual engineering and manufacturing support offered by the partnership, customers would be able to decrease a two-to-three-year timescale of designing and testing a part to six-to-nine months. Through the partnership, users of Stratasys' ULTEM™ 9085 filament could use Hexagon's Digimat material modelling software to predict how printed parts would perform.

In 2022, Stratasys and GE Aviation business Avio Aero unveiled initiatives that could see their respective technologies deployed within brand new aerospace applications. For Stratasys, the release of qualification data behind the use of Antero 840CN03 polymer on the Orion spacecraft could help foster the development of a model for using the material in similar scenarios. Avio Aero, on the other hand, had witnessed its partially-3D printed Catalyst engine selected by Airbus to propel its ‘Eurodrone,’ a UAV designed to perform European surveillance missions.

In 2022, Researchers at the Indian Institute of Technology (IIT), Jodhpur, indigenously developed a metal 3D printer for aerospace, defence and general engineering applications. All components of the metal 3D printer, except the laser and robot systems, were reported to be designed and manufactured in India. The project's main objective was to decrease the cost of metal 3D printers and attract a broader range of users.

In 2022, Boeing and Titomic entered into a partnership to expand the use of Titanium in the aerospace industry. With the help of a $2.325 million grant from the Australian government, Boeing and Titomic seek to investigate the use of sustainable titanium powders in 3D printing processes. These materials would be employed in the manufacturing of components for space vehicles and satellites.

In 2022, a load-bearing, metal 3D printed A-Link spare part was approved by EASA (European Union Aviation Safety Agency); it marked the first load-bearing, metallic spare part from the 3D printer approved for aerospace use; Lufthansa Technik and Premium AEROTEC reached a key milestone in additive manufacturing (AM). The titanium made A-Links could be exposed to temperatures of up to 300 degrees Celsius. The novel manufacturing solution developed by Premium AEROTEC and Lufthansa Technik, was built layer by layer through Laser Powder Bed Fusion (LPBF). This offered the advantage over forging that no jigs or moulds were needed for production. The process could save valuable material, since after 3D printing, material removal was only necessary to a very small extent on some functional surfaces.

Key Findings of the Report:

  • The global aerospace 3D printing market is expected to be driven by rising demand for lightweight 3D printed parts for aircraft engines that help enhance performance.
  • Uses in aerospace and advancements in technology are likely to boost market growth.
  • North America, Europe and Asia are projected to be key markets.

Market Analysis by Technology, Offerings, Platform, End Use, Application and Region:

  • By technology, the market is segmented into Powder Bed Fusion, Polymerization, Material Extrusion or Fusion Deposition Modelling (FDM), and Others.
  • By offerings, the market is classified into Materials, Printers, Software, and Services.
  • By platform, the market is divided into Aircraft, Spacecraft, and Unmanned Ariel Vehicles (UAV). 
  • By end use, the market is segmented into OEM and MRO.
  • By application, the market is divided into Tooling, Prototyping, and Functional Parts.
  • By region, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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