Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Additive Manufacturing is the process of joining materials to make 3D printed objects, usually layer upon layer. It is different from conventional manufacturing process that comprises a subtractive process such as cutting, drilling, and many more. Adoption of additive manufacturing in aerospace industry have been happening for some time now with various applications. Additive manufacturing can create aircraft parts that makes it lighter, efficient engines, and 3D printed turbines. The process can fabricate parts with premium materials with small production runs and short turnaround times, reduce manufacturing costs and produce stronger, more efficient parts with complex designs. The ability of additive manufacturing to manufacture freeform designs makes it very ideal for the aerospace industry. Additive manufacturing has transformed almost all sections of the aerospace industry that includes commercial & military aircraft, space applications, along with missiles systems. Earlier additive manufacturing is used to manufactures parts using plastics and polymers materials but now it’s moving strongly into metals manufacturing. The revolution of additive manufacturing is well underway and changing forward-thinking manufacturers today.
Increasing demand for 3D printed parts or prototype parts from aerospace industry is driving the growth of aerospace additive manufacturing market. North America is the one of the largest market for aerospace additive manufacturing market. This growth of the market in the region is attributed to the presence of several key players of the market in the region.
Moreover, growing concerns for reducing carbon footprint through aircraft weight reduction and increasing demand for green manufacturing are boosting the growth of aerospace additive manufacturing market. Additive manufacturing produces parts that are light in weight thereby reduces carbon footprint.
The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the chemical industry, as well as large companies and governments, to restock supply chains. The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
The global market is studied for the key regions such as North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. North America is expected to account for the largest market share in the market during the forecast period. The presence of various aerospace additive manufacturing market players such as 3D Systems, Inc., ExOne, and Stratasys Ltd along with the growing concerns on reducing carbon footprint through light weight parts are influencing the growth of aerospace additive manufacturing in the region.
The report analyses the global Aerospace Additive Manufacturing market based on type, platform, technology, application, and geography. The aerospace additive manufacturing market is broadly segmented on the basis of type as plastics, metal, rubber, and others. Based on platform it is classified as Aircraft, Unmanned Aerial Vehicle, and Spacecraft. Based on technology it is segmented as 3D printing, Stereolithography, Fused Deposition Modelling, Multi-Jet Modelling, and Laser Sintering. Application studied in the report are Engine and Airframe.
The key companies in the Aerospace Additive Manufacturing market are 3D Systems, Inc., Arcam AB, Concept Laser GmbH, CRP Technology S.R.L., CRS Holdings Inc., EOS, ExOne, Optomec, SLM Solution Group AG, and Stratasys Ltd. New Aerospace Additive Manufacturing product launches and strategic acquisitions is primarily focused by many industry players so as to maintain competitive edge in the market. Furthermore, many companies are looking to engage in new geographical areas to cater the growing demand for aerospace additive manufacturing in the market
The report analyses the global aerospace additive manufacturing market based on type, platform, technology, application, and geography. The aerospace additive manufacturing market is broadly segmented on the basis of material type as plastics, metals, rubber, and others. Based on platform it is classified as Aircraft, Unmanned Aerial Vehicle, and Spacecraft. Based on technology it is segmented as 3D printing, Stereolithography, Fused Deposition Modelling, Multi-Jet Modelling, and Laser Sintering. Application studied in the report are Engine and Airframe.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe.
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