Global Aerospace Additive Manufacturing Market
Aerospace and Defense

5 Key Takeaways From The Aerospace Additive Manufacturing Market Report 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


As per The Business Research Company’s Aerospace Additive Manufacturing Global Market Report 2024, the aerospace additive manufacturing market is expected to show significant growth in the forecast period.

The surge in air passenger traffic drives demand for aerospace additive manufacturing, reshaping the aviation industry.

  • Passenger Traffic Surge: Increasing air travel prompts aircraft manufacturers to expand fleets, driving the adoption of aerospace additive manufacturing.
  • Market Impact: With total passenger traffic rising by 64.4% in 2022, the aerospace additive manufacturing market experiences significant growth, catering to the burgeoning aviation sector.

Innovative Technological Advancements In Aerospace Additive Manufacturing
Technological innovation emerges as a crucial trend, fueling advancements in aerospace additive manufacturing.

  • Cutting-edge Solutions: Companies like 3D Systems introduce High-Speed Fusion industrial 3D printer platforms, revolutionizing printing speed and precision.
  • Market Expansion: Technological advancements enhance manufacturing capabilities, driving market growth and competitiveness.

View More On The Aerospace Additive Manufacturing Market Report 2024 –

GKN Aerospace Expands Capabilities With Strategic Acquisition Of Permanova Lasersystem Ab
Strategic acquisitions bolster market presence and enhance additive manufacturing capabilities, as demonstrated by GKN Aerospace.

  • Market Expansion: GKN Aerospace’s acquisition of Permanova Lasersystem AB strengthens its additive manufacturing capabilities, enabling cost-effective material solutions.
  • Technological Synergy: Permanova Lasersystem AB’s expertise in advanced laser systems complements GKN Aerospace’s portfolio, fostering innovation and growth.

Segmentation and Market Dynamics
Understanding market segmentation and dynamics offers insights into consumer preferences and industry trends.

  • Diverse Materials: Aerospace additive manufacturing encompasses various material types, including metal alloy, plastic, and rubber, catering to diverse application needs.
  • Technological Diversity: Different technologies like laser sintering and fused deposition modeling offer versatility and efficiency in aerospace manufacturing.
  • Application Scope: Aerospace additive manufacturing finds applications in engines, structural components, and other critical aerospace systems, driving demand across platforms.

Regional Landscape: North America Leads the Way
North America emerges as a dominant player in the aerospace additive manufacturing market, reflecting its technological prowess and industrial leadership.

  • Market Dominance: North America holds the largest market share in 2023, driven by robust technological advancements and extensive aerospace industry presence.
  • Growth Potential: With increasing adoption in commercial aviation and space exploration, North America is poised for continued market dominance in aerospace additive manufacturing.

Future Outlook and Emerging Trends
Anticipated trends offer valuable insights for stakeholders to capitalize on future opportunities and drive sustainable growth.

  • Exponential Growth: The aerospace additive manufacturing market is forecasted to reach $11.28 billion by 2028, driven by advancements in technology and increasing application diversity.
  • Key Trends: Materials innovation, scaling production with large-scale additive manufacturing, and enhanced design capabilities are anticipated trends shaping the future of the market.

In conclusion, the aerospace additive manufacturing market’s exponential growth, fueled by increasing air passenger traffic, technological innovations, and strategic acquisitions, presents promising opportunities for industry players. By embracing innovation, expanding market presence, and fostering strategic partnerships, stakeholders can navigate the dynamic market landscape and drive sustainable growth in the aerospace additive manufacturing market.

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The Aerospace Additive Manufacturing Global Market Report 2024  provides an in-depth analysis on the aerospace additive manufacturing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the aerospace additive manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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