Aerospace And Defense Additive Manufacturing Market Overview: Market Size, Major Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global aerospace and defense additive manufacturing market size is expected to grow from $2.97 billion in 2022 to $3.62 billion in 2023 at a compound annual growth rate (CAGR) of 21.7%. The market size of global aerospace and defense additive manufacturing is expected to reach $7.45 billion in 2027 at a CAGR of 19.8%.
What will drive the aerospace and defense additive manufacturing market?
The growing government spending on the defense sector is expected to propel the growth of the aerospace and defense additive manufacturing market going forward.
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Who are the major players in the market?
Major Market Players in the aerospace and defense additive manufacturing market include General Electric Company, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Airbus SE.
Which trend is gaining popularity in the aerospace and defense additive manufacturing market?
Product innovations are a key trend gaining popularity in the aerospace and defense additive manufacturing market. Major companies operating in the aerospace & defense additive manufacturing market are developing new products to sustain their position in the market.
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How is the aerospace and defense additive manufacturing market segmented?
Global Aerospace And Defense Additive Manufacturing Market Segments Include:
- By Technology: Direct Metal Laser Sintering (DMLS), Fused Deposition Modeling (FDM), Continuous Liquid Interface Production (CLIP), Stereolithography (SLA), Selective Laser Sintering (SLS), Other Technologies
- By Material: Metal, Plastic, Rubber, Other Materials
- By Platform: Aviation, Defense, Space
- By Application: Engine Component, Space Component, Structural Component, Defense Equipment, Other Application
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global aerospace and defense additive manufacturing market in 2021.
The Aerospace And Defense Additive Manufacturing Global Market Report 2023 provides an overview of the aerospace and defense additive manufacturing market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aerospace and defense additive manufacturing market forecast analyzes aerospace and defense additive manufacturing market size, aerospace and defense additive manufacturing market share, leading competitor and their market positions.
Aerospace and defense additive manufacturing is the application of 3D printing technology to make parts and components for the aerospace and military sectors. They are used to make components with complicated geometries, parts with enhanced performance characteristics, repair or replace broken parts, promote innovation, and generate prototypes for research and development.
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