PUNE, India, April 26, 2017 /PRNewswire/ --
According to a new market research report, "Aerospace 3D Printing Market by Vertical (Materials, Printers) Industry (Aircraft, UAV, Spacecraft) Printers Technology (SLA, SLS, DMLS, FDM, Clip) Materials Application (Engine, Structural, & Space Components) and Region - Global Forecast to 2022", published by MarketsandMarkets™, the aerospace 3D printing market is projected to grow from USD 714.5 Million in 2017 to USD 3,057.9 Million by 2022, at a CAGR of 27.42% during the forecast period, 2017 to 2022.
Browse 77 market data tables and 69 figures spread through 148 pages and in-depth TOC on "Aerospace 3D Printing Market"
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Factors, such as the growing fleet size of various airlines and increasing demand for lightweight components of aircraft are expected to drive the growth of the aerospace 3D printing market during the forecast period.
Among verticals, the materials segment of the aerospace 3D printing market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022.
Among verticals, the materials segment of the aerospace 3D printing market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. The growth of this segment can be attributed to the increasing demand for materials that have a high strength-to-weight ratio for 3D printing of parts and components used in aircraft.
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Among industries, the aircraft segment is estimated to lead the aerospace 3D printing market during the forecast period, 2017 to 2022.
Among industries, the aircraft segment is projected to lead the aerospace 3D printing market during the forecast period. The growth of the aircraft segment of the aerospace 3D printing market can be attributed to rising number of aircraft to cater to the increasing air passenger traffic across the globe. Increasing adoption of 3D printing technology for the development of lightweight components and parts of aircraft is also expected to drive the growth of the aircraft segment of the aerospace 3D printing market during the forecast period.
The North American region is estimated to lead the aerospace 3D printing market during the forecast period, 2017 to 2022.
The North American region is the largest market for aerospace 3D printing. The growth of the North America aerospace 3D printing market can be attributed to the high adoption rate of 3D printing technology in the aerospace industry of the region. The use of 3D printing technology results in the production of lightweight parts and components of aircraft. It also results in the short supply chain, thereby leading to increasing use of this technology to 3D print aircraft parts and components.
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Stratasys Ltd. (U.S.), 3D Systems Corporation (U.S.), and The ExOne Company (U.S.), among others, are the key players operating in the aerospace 3D printing market.
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