3D Printing in Aerospace and Defense Market Size is projected to reach USD 8.66 Billion by 2030, growing at a CAGR of 26.1%: Straits Research

New York, United States, Aug. 28, 2023 (GLOBE NEWSWIRE) -- 3D printing or additive manufacturing refers to the process in which material is deposited, combined, or solidified under computer control to construct a three-dimensional solid object from a digital file. 3D printing has made the design and integrations of components faster, less expensive, and simpler throughout the years. The increased acceptance of 3D-printed parts in aerospace supply chains and the advantages of 3D printing, notably the decrease in processing and manufacturing costs, mainly drive the market expansion.

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Reduction of Processing and Manufacturing Cost Spurs the Demand for 3D Printing in the Aerospace and Defense Industry

Component design and implementation are now more efficient, affordable, and straightforward due to 3D printing. It has also enabled the incorporation of all components into a single structure, eliminating the need for external joints, adhesives, and fasteners. This reduction of unnecessary components avoids further manufacturing expenses.

The aviation sector has become a driving force in this technology's progress. 3D printing is utilized by airlines to alleviate supply chain limitations, minimize warehouse space, and reduce traditional manufacturing waste. Larger-scale aircraft manufacture is indirectly dependent on 3D printing. Since 3D printing is faster and better prepared to produce complicated pieces, it is frequently utilized as a master blueprint for urethane casting of big aircraft interior components.

Since 3D printing involves the addition of material rather than its subtraction, it significantly reduces industrial waste. According to Airbus, 3D-printed components reduce weight and inefficiency while increasing component strength. Additionally, the technique substantially decreases production time and waste, with an average of 5% of waste material produced during the process. This waste reduction could result in substantial cost reductions during manufacturing. The rapid fabrication of aircraft parts also saves significant space, time, and money. These advantages collectively drive the adoption of 3D printing in the aircraft industry.

Increasing Use of ULTEM Materials and Focus on Greener Aircraft Provides Tremendous Scope for Growth `

Due to its heat resistance, ULTEM materials are gaining popularity in the aerospace sector. Companies are increasingly utilizing ULTEM materials to produce the inner shells that comprise all required mounting components. The development of ULTEM materials is anticipated to create future market expansion prospects.

In addition, 3D printing uses may continue to expand in the future. As some technical solutions are too complex to be made by conventional machining procedures, which hinders the adoption of these solutions, the emphasis on greener aircraft may also benefit from 3D printing's capabilities. 3D printing can overcome these problems and aid in disseminating creative solutions. Furthermore, developing technologies like Urban Air Mobility may be among the first big adopters of 3D printing. The technology is predicted to mature around the time these technologies enter their commercialization phase. These aspects present lucrative growth prospects for the industry.

Report Scope

Report Metric	Details
Market Size	USD 8.66 billion by 2030
CAGR	26.1% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Application, By Material
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Aerojet Rocketdyne Holdings Inc, MTU Aero Engines AG, Moog Inc., Safran SA, GE Aviation, The Boeing Company, Airbus SE, Samuel, Son & Co., Raytheon Technologies Corporation, Honeywell International Inc., American Additive Manufacturing LLC, and Lockheed Martin Corporation.
Key Market Opportunities	Increasing Use of ULTEM Materials and Focus on Greener Aircraft
Key Market Drivers	Growing Adoption of 3D-Printed Parts in Aerospace Supply Chains

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Regional Insights

Europe commands the market and is estimated to grow at a CAGR of 24.4% during the forecast period. The UK is a center for the research and development of innovative materials for the aerospace industry, and the existence of numerous aerospace incumbents generates a consistent demand for advanced composites. Consequently, regional subsidiaries of the top worldwide market participants are expanding their capabilities by supporting organic and inorganic growth. Collins Aerospace, a division of Raytheon Technologies Corporation, announced in February 2021 an investment in a new multi-axis composite braider for its Banbury location. The company has also cooperated with Composite Integration, Crompton Mouldings, and Bitrez to assist the production of next-generation continuous fiber-reinforced components with complicated shapes, emphasizing system simplification, weight reduction, and cost competitiveness. During the projected year, these changes are anticipated to provide a favorable picture for the British market.

North America is expected to grow at a CAGR of 25.2%. The presence of key industry players and customers, such as Boeing, Lockheed Martin, and NASA, has embraced 3D printing technology, boosting the market demand. Boeing has been a strong contender in the 3D printing area for some time, particularly in the territory of satellites, creating the first 3D-printed antennae in 2019. Boeing also had tremendous success using AM technology to print components of its SES-15 satellite.

Infrastructure investment by industry players and backing by local authorities towards such technology improvement has played a vital part in assisting the United States to achieve the biggest market share over the following years. For instance, in September 2021, Terran Orbital, a nano and microsatellite producer, announced a USD 300 million investment in one of Florida's largest commercial spacecraft facilities. The facility is spread across 660,000 sq ft. of the area and leverages a range of 3D printing technologies, allowing the facility to manufacture thousands of space components in a year. Such developments give an optimistic prognosis for the market in the US.

Asia-Pacific is the third-largest region. The Chinese government has designated the development of aeronautical equipment and 3D printing as important growth drivers for Chinese manufacturing industries under the Made in China 2025 vision. The rapidly expanding market potential motivates industry participants to develop strategic collaborations and enhance their Chinese production capacities. Kaneka Aerospace LLC, a wholly-owned subsidiary of Kaneka Americas Holding Inc., announced its partnership with Shanghai Huazheng Composites Co. Ltd in August 2021 to expand its footprint in China's expanding composites market. Kaneka Aerospace produces specialist high-performance composite materials for a wide range of sectors. Such advancements could provide a favorable outlook for the Chinese market during the predicted period.

Key Highlights

• The global 3D printing in aerospace and defense market size is anticipated to reach an expected value of USD 8.66 billion by 2030, registering a CAGR of 26.1% during the forecast period (2022–2030). 

• By application, the global 3D printing in aerospace and defense market is segmented into Aircraft, Unmanned Aerial Vehicles, and Spacecraft. The Aircraft segment accounts for the largest market share and is estimated to grow at a CAGR of 29.7% during the forecast period. 
• By material, the global 3D printing in aerospace and defense market is segmented into Alloys and Special Metals. The Special Metal segment accounts for the largest market share and is estimated to grow at a CAGR of 24.4% during the forecast period.

Competitive Landscape

Key players in the global 3D printing in aerospace and defense market are Aerojet Rocketdyne Holdings Inc, MTU Aero Engines AG, Moog Inc., Safran SA, GE Aviation, The Boeing Company, Airbus SE, Samuel, Son & Co., Raytheon Technologies Corporation, Honeywell International Inc., American Additive Manufacturing LLC, and Lockheed Martin Corporation.

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Global 3D Printing in Aerospace and Defense Market: Segmentation

By Application

• Aircraft
• Unmanned Aerial Vehicles
• Spacecraft

By Material

• Alloys
• Special Metals

By Regions

• North America
• Asia-Pacific
• Europe 
• LAMEA

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. MARKET OPPORTUNITY ASSESSMENT

3. 1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM

4. MARKET TRENDS

4. 1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors

5. MARKET ASSESSMENT

5. 1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Sales And Distribution Channel Analysis
   4. Average Pricing Analysis
   5. Patent Analysis
   6. M & A Agreements & Collabration Analysis

6. ESG TRENDS
7. GLOBAL 3D PRINTING IN AEROSPACE AND DEFENSE MARKET SIZE ANALYSIS

7. 1. Global 3D Printing In Aerospace And Defense Market Introduction
   2. By Application

7. 2. 1. Introduction

1. 1. 1. 1. Application By Value

7. 2. 2. Aircraft

1. 1. 1. 1. By Value

7. 2. 3. Unmanned Aerial Vehicles

1. 1. 1. 1. By Value

7. 2. 4. Spacecraft

1. 1. 1. 1. By Value

7. 3. By Material

7. 3. 1. Introduction

1. 1. 1. 1. Material By Value

7. 3. 2. Alloys

1. 1. 1. 1. By Value

7. 3. 3. Special Metals

1. 1. 1. 1. By Value

8. NORTH AMERICA MARKET ANALYSIS

8. 1. Introduction
   2. By Application

8. 2. 1. Introduction

1. 1. 1. 1. Application By Value

8. 2. 2. Aircraft

1. 1. 1. 1. By Value

8. 2. 3. Unmanned Aerial Vehicles

1. 1. 1. 1. By Value

8. 2. 4. Spacecraft

1. 1. 1. 1. By Value

8. 3. By Material

8. 3. 1. Introduction

1. 1. 1. 1. Material By Value

8. 3. 2. Alloys

1. 1. 1. 1. By Value

8. 3. 3. Special Metals

1. 1. 1. 1. By Value

8. 4. U.S.

8. 4. 1. By Application

1. 1. 1. 1. Introduction
            1. Application By Value
         2. Aircraft
            1. By Value
         3. Unmanned Aerial Vehicles
            1. By Value
         4. Spacecraft
            1. By Value

8. 4. 2. By Material

1. 1. 1. 1. Introduction
            1. Material By Value
         2. Alloys
            1. By Value
         3. Special Metals
            1. By Value

8. 5. Canada

9. EUROPE MARKET ANALYSIS

9. 1. Introduction
   2. By Application

9. 2. 1. Introduction

1. 1. 1. 1. Application By Value

9. 2. 2. Aircraft

1. 1. 1. 1. By Value

9. 2. 3. Unmanned Aerial Vehicles

1. 1. 1. 1. By Value

9. 2. 4. Spacecraft

1. 1. 1. 1. By Value

9. 3. By Material
      1. Introduction

1. 1. 1. 1. Material By Value

9. 3. 2. Alloys

1. 1. 1. 1. By Value

9. 3. 3. Special Metals

1. 1. 1. 1. By Value

9. 4. U.K.

9. 4. 1. By Application

1. 1. 1. 1. Introduction
            1. Application By Value
         2. Aircraft
            1. By Value
         3. Unmanned Aerial Vehicles
            1. By Value
         4. Spacecraft
            1. By Value

9. 4. 2. By Material

1. 1. 1. 1. Introduction
            1. Material By Value
         2. Alloys
            1. By Value
         3. Special Metals
            1. By Value

9. 5. Germany
   6. France
   7. Spain
   8. Italy
   9. Russia
   10. Nordic
   11. Benelux
   12. Rest Of Europe

10. APAC MARKET ANALYSIS

10. 1. Introduction
    2. By Application

10. 2. 1. Introduction

1. 1. 1. 1. Application By Value

10. 2. 2. Aircraft

1. 1. 1. 1. By Value

10. 2. 3. Unmanned Aerial Vehicles

1. 1. 1. 1. By Value

10. 2. 4. Spacecraft

1. 1. 1. 1. By Value

10. 3. By Material

10. 3. 1. Introduction

1. 1. 1. 1. Material By Value

10. 3. 2. Alloys

1. 1. 1. 1. By Value

10. 3. 3. Special Metals

1. 1. 1. 1. By Value

10. 4. China

10. 4. 1. By Application

1. 1. 1. 1. Introduction
            1. Application By Value
         2. Aircraft
            1. By Value
         3. Unmanned Aerial Vehicles
            1. By Value
         4. Spacecraft
            1. By Value

10. 4. 2. By Material

1. 1. 1. 1. Introduction
            1. Material By Value
         2. Alloys
            1. By Value
         3. Special Metals
            1. By Value

10. 5. Korea
    6. Japan
    7. India
    8. Australia
    9. Taiwan
    10. South East Asia
    11. Rest Of Asia-Pacific

11. MIDDLE EAST AND AFRICA MARKET ANALYSIS

11. 1. Introduction
    2. By Application

11. 2. 1. Introduction

1. 1. 1. 1. Application By Value

11. 2. 2. Aircraft

1. 1. 1. 1. By Value

11. 2. 3. Unmanned Aerial Vehicles

1. 1. 1. 1. By Value

11. 2. 4. Spacecraft

1. 1. 1. 1. By Value

11. 3. By Material

11. 3. 1. Introduction

1. 1. 1. 1. Material By Value

11. 3. 2. Alloys

1. 1. 1. 1. By Value

11. 3. 3. Special Metals

1. 1. 1. 1. By Value

11. 4. UAE

11. 4. 1. By Application

1. 1. 1. 1. Introduction
            1. Application By Value
         2. Aircraft
            1. By Value
         3. Unmanned Aerial Vehicles
            1. By Value
         4. Spacecraft
            1. By Value

11. 4. 2. By Material

1. 1. 1. 1. Introduction
            1. Material By Value
         2. Alloys
            1. By Value
         3. Special Metals
            1. By Value

11. 5. Turkey
    6. Saudi Arabia
    7. South Africa
    8. Egypt
    9. Nigeria
    10. Rest Of MEA

12. LATAM MARKET ANALYSIS

12. 1. Introduction
    2. By Application

12. 2. 1. Introduction

1. 1. 1. 1. Application By Value

12. 2. 2. Aircraft

1. 1. 1. 1. By Value

12. 2. 3. Unmanned Aerial Vehicles

1. 1. 1. 1. By Value

12. 2. 4. Spacecraft

1. 1. 1. 1. By Value

12. 3. By Material

12. 3. 1. Introduction

1. 1. 1. 1. Material By Value

12. 3. 2. Alloys

1. 1. 1. 1. By Value

12. 3. 3. Special Metals

1. 1. 1. 1. By Value

12. 4. Brazil

12. 4. 1. By Application

1. 1. 1. 1. Introduction
            1. Application By Value
         2. Aircraft
            1. By Value
         3. Unmanned Aerial Vehicles
            1. By Value
         4. Spacecraft
            1. By Value

12. 4. 2. By Material

1. 1. 1. 1. Introduction
            1. Material By Value
         2. Alloys
            1. By Value
         3. Special Metals
            1. By Value

12. 5. Mexico
    6. Argentina
    7. Chile
    8. Colombia
    9. Rest Of LATAM

13. COMPETITIVE ASSESSMENT

13. 1. Adoption Matrix
    2. 3D Printing In Aerospace And Defense Market Share By Manufacturers
    3. 3D Printing In Aerospace And Defense Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis

14. MARKET PLAYERS ASSESSMENT

14. 1. Aerojet Rocketdyne Holdings Inc

14. 1. 1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments

14. 2. MTU Aero Engines AG
    3. Moog Inc.
    4. Safran SA
    5. GE Aviation
    6. The Boeing Company
    7. Airbus SE
    8. Samuel, Son & Co.
    9. Raytheon Technologies Corporation
    10. Honeywell International Inc.
    11. American Additive Manufacturing LLC
    12. Lockheed Martin Corporation

15. RESEARCH METHODOLOGY

15. 1. Research Data

15. 1. 1. Secondary Data

1. 1. 1. 1. Major Secondary Sources
         2. Key Data From Secondary Sources

15. 1. 2. Primary Data

1. 1. 1. 1. Key Data From Primary Sources
         2. Breakdown Of Primaries

15. 1. 3. Secondary And Primary Research

1. 1. 1. 1. Key Industry Insights

15. 2. Market Size Estimation

15. 2. 1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection

15. 3. Research Assumptions

15. 3. 1. Assumptions

15. 4. Limitations
    5. Risk Assessment

16. APPENDIX

16. 1. Discussion Guide
    2. Customization Options
    3. Related Reports

17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/3d-printing-in-aerospace-and-defense-market/toc

Market News

• In August 2022, Aerojet Rocketdyne inaugurated its Center of Excellence for Undersea Propulsion to assist the next generation of torpedoes for the United States Navy. The facility will be utilized to build the novel submarine propulsion known as the Stored Chemical Energy Propulsion System (SCEPS) and the full torpedo afterbody. It will be the first facility of its sort in the United States.
• In August 2022, Aerojet Rocketdyne successfully showed an Integrated System Test Bed (ISTB) designed and manufactured to test upgraded liquid rocket engine thrusters and system components. The corporation independently sponsored and conducted the demonstration at the Air Force Research Laboratory's test facilities at Edwards Air Force Base, California.

News Media

Global 3D Printing Plastics Market Extends at a Healthy CAGR of 22.45% by 2030

Global 3D Printing Software and Services Market Grows at a Staggering CAGR of 23.7%

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