Aerospace and Defense

According to a market report by Lucintel, the future of 3D printing materials in the global aerospace market looks promising with opportunities in the aircraft and spacecraft end use industries. The use of 3D printing materials in the global aerospace market is expected to reach an estimated $0.42 billion by 2028 with a CAGR of 15.3% from 2023 to 2028. The major drivers for this market are increasing demand for fuel-efficient aircraft, growing need for lightweight, cost-effective, and sustainable products, and supporting government initiatives for adoption of 3D printing in the aerospace industry.



In this market, plastic, metal, titanium, aluminum, inconel, and ceramic are the major segments of 3D printing material in aerospace market by material. Lucintel forecasts that plastic will remain the largest material segment over the forecast period due to its affordable price and light weight. Moreover, this material is greatly preferred by the aircraft sector.



Within this market, aircraft is expected to remain the larger end use industry segment due to the growing stringent emission regulations and increasing inclination towards lightweight, fuel efficient aircraft.



North America will remain the largest region due to the presence of key aerospace companies and growing demand for complex and lightweight 3D components in the region.

Stratasys, 3D Systems, GE, ExOne, Höganäs AB, EOS, and Materialise are the major suppliers of 3D printing materials in the global aerospace market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for 3D printing materials in the global aerospace market by material, aircraft part, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for 3D Printing Materials in the Global Aerospace Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for 3D printing materials in the global aerospace market by material, aircraft part, application, end use industry, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for 3D printing materials in the global aerospace market by material (plastics, metal, titanium, aluminum, inconel, ceramic, and others), aircraft part (engine, structural component, and jig & fixture), application (rapid prototyping, tooling, and part production), end use industry (aircraft and spacecraft), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?