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Technological advancements and innovations in the robustly growing aerospace industry is expected to bolster the market growth of aerospace additive manufacturing in upcoming years. The rapid economic development and growing environmental concerns are surging the 3D printing technology to develop cost-effective and lightweight aircraft components and parts. With the growing focus on contributions of the aviation and aerospace industries to climate change and environmental pollution, the efforts to surge the energy efficiency of aircraft to reduce greenhouse emissions is expected to increase, which is likely to further fuel the market growth. Based on region, North America is expected to hold the significant market share for aerospace additive manufacturing. This can be attributed to the increasing manufacturing of aircraft by utilising additive manufacturing technologies owing to the presence of the prominent companies in the region.
The market is being aided by the growing development of advanced additive manufacturing solutions for extended applications in the aerospace sector by key players, such as 3D Systems Inc. (NYSE: DDD) and General Electric Company (NYSE: GE). For instance, in November 2021, the former announced the introduction of new additive manufacturing solutions, including New dual laser DMP Flex 350 and DMP Factory 350, to decrease build time and offer cost-effectiveness. Their usage foster innovation for multiple applications, including aerospace. These latest inclusions in the company’s DMP portfolio deliver the benefits of single-laser configurations, such as application use and quick-swap build modules, integrated powder recycling, and a central server to handle print jobs, settings, materials, and maintenance for entire day productivity.
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The major players in the global market for aerospace additive manufacturing include 3D Systems Inc., ExOne GmbH, Optomec, Inc., The General Electric Company, and EOS GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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