Aerospace Additive Manufacturing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material (Metal, Plastic, Rubber, Others); Technology (3D Printing, Laser Sintering, Stereolithography, Others); Application (Engine, Airframe); Platform (Aircraft, Unmanned Aerial Vehicle) and Geography
Report Code: TIPRE00007401 | No. of Pages: 150 | Category: Aerospace and Defense | Status: Upcoming
MARKET OVERVIEW
Aerospace additive manufacturing is growing for the creation of aircraft parts such as engine and airframe, which demand the aerospace additive manufacturing market. Additionally, aerospace additive manufacturing offers high-efficiency parts and create complex shapes easily, driving the growth of the market. The aerospace additive manufacturing replaces the traditional manufacturing process owing to its high accuracy and low production cost, which demand the aerospace additive manufacturing across the globe.
MARKET SCOPE
The "Global Aerospace Additive Manufacturing Market Analysis to 2028" is a specialized and in-depth study of the defense and aerospace industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aerospace additive manufacturing market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading aerospace additive manufacturing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
Restraints
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aerospace additive manufacturing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aerospace additive manufacturing market in these regions.
IMPACT OF COVID-19 ON AEROSPACE ADDITIVE MANUFACTURING MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021.
The report covers key developments in the aerospace additive manufacturing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aerospace additive manufacturing market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace additive manufacturing in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aerospace additive manufacturing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Aerospace additive manufacturing is growing for the creation of aircraft parts such as engine and airframe, which demand the aerospace additive manufacturing market. Additionally, aerospace additive manufacturing offers high-efficiency parts and create complex shapes easily, driving the growth of the market. The aerospace additive manufacturing replaces the traditional manufacturing process owing to its high accuracy and low production cost, which demand the aerospace additive manufacturing across the globe.
MARKET SCOPE
The "Global Aerospace Additive Manufacturing Market Analysis to 2028" is a specialized and in-depth study of the defense and aerospace industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aerospace additive manufacturing market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading aerospace additive manufacturing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of material, the market is segmented as metal, plastic, rubber and others.
- On the basis of technology, the market is segmented as 3D printing, laser sintering, stereolithography and others.
- On the basis of application the market is segmented as engine and airframe
- On the basis of platform the market is segmented as aircraft, unmanned aerial vehicle.
MARKET DYNAMICS
Drivers:
- Saves time and money, and also creates stronger and more efficient components
- Focusing on reducing pollution and increasing green production
Restraints
- High initial installment cost of system and requirement of skilled professionals to operate the systems
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aerospace additive manufacturing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aerospace additive manufacturing market in these regions.
IMPACT OF COVID-19 ON AEROSPACE ADDITIVE MANUFACTURING MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021.
The report covers key developments in the aerospace additive manufacturing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aerospace additive manufacturing market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace additive manufacturing in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aerospace additive manufacturing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3D System
- Arcam AB
- Concept Laser
- CRP Technology
- CRS Holding
- EOS
- ExOne
- Optomec
- SLM Solution Group
- Stratasys Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The List of Companies
1. 3D System
2. Concept Laser GmbH
3. CRP Technology S.r.l.
4. Carpenter Technology Corporation (CRS Holdings Inc.)
5. EOS
6. ExOne
7. GKN Aerospace Services Limited
8. Optomec, Inc.
9. SLM Solutions Group AG
10. Stratasys, Ltd.
1. 3D System
2. Concept Laser GmbH
3. CRP Technology S.r.l.
4. Carpenter Technology Corporation (CRS Holdings Inc.)
5. EOS
6. ExOne
7. GKN Aerospace Services Limited
8. Optomec, Inc.
9. SLM Solutions Group AG
10. Stratasys, Ltd.
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