The aerospace 3D printing materials market is projected to register significant growth owing to increasing investments in the military & defense sector. Manufacturing companies are slowing edging towards 3D printing technology as it offers enhanced design flexibility for developing complex and intricate parts and components as well as eradicate the need for molds which makes the development process more expensive and time consuming.
Increasing usage of additive manufacturing (AM) for the creation of complex lightweight aircraft cabin interiors could massively support 3D printing material demand. Rising number of space exploration activities along with proliferating demand for satellite spare parts would boost product adoption. Aerospace companies like NASA have installed plastic 3D printers in their International Space Station (ISS). These printers can develop components with the help of ABS and ULTEM 9085 plastic.
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Rapid prototyping is experiencing high demand to enable low production volumes through fabrication of intricate trial prototypes through aerospace 3D printing materials. In addition, it allows a cost-effective trial to validate an aircraft part before rolling out a full-scale manufacturing. The method of rapid prototyping is highly accurate and is ideal for aerodynamic analysis and the testing as the surface finish that is achieved through the method is often an excellent representative of a final part.
3D printing is now routinely explored to create and manufacture aerospace components that rely on aesthetics more than function, such as light housings, door wheels, control wheels, interior dashboard designs and others. Rapid prototyping applications will generate a revenue of over USD 105 million a year by the end of 2026.
3D printing technologies’ significant impact on aircraft design is resulting in the improvement of aircraft performance. An average corporate aircraft travel 75,000 miles every month and a single component that is designed and manufactured with the help of 3D printing can reduce air drag by 2.1%, and fuel costs by approximately 5.41%. Such small adjustments through customization can save huge expenditure.
Several parts can be tailored or customized to a specific aircraft like bracketry, or type of aircraft including passenger, helicopter or cargo. Apart from this, 3D printing also provides topology optimization and part consolidation of many custom aerospace components.
Jigs & fixture aerospace 3D printing materials market size is estimated to showcase a steady growth over the coming years on account of the extensive usage of the components for enhancing the accuracy and quality of the manufacturing process of aircrafts. Utilization of the materials aids in reducing the production cycle times, enables reduced investments along with faster production cycles.
The military & defense sector is heavily investing in additive manufacturing to produce utility hydraulic panels and landing gear door. Rising geopolitical tension resulting in high military expenditure will boost the consumption of aerospace 3D printing materials in military aircrafts in the coming years. From military and defense application, the aircraft segment will garner gains at 18% through 2026.
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APAC holds a major share in aerospace 3D printing materials market, witnessing heavy growth over the next few years. Countries in the region including India and China are likely to double their airline fleet in next two decades owing to increased regional passenger traffic. In addition, improvement in fuel efficiency of the aircrafts through weight reduction will further drive regional market.
Solvay, GE, Stratasys, BASF SE, 3D Systems, ExOne, and Ultimaker are leading the aerospace 3D printing materials market forefront with innovative product lineups.
Major Key Points from Table of Content:
Chapter 5. Aerospace 3D Printing Materials Market, By Application
5.1. Global Aerospace 3D printing materials market application insights
5.2. Rapid Prototyping
5.2.1. Market estimates and forecasts, 2016 - 2026
5.2.2. Market estimates and forecast, by region, 2016 - 2026
5.3.1. Market estimates and forecasts, 2016 - 2026
5.3.2. Market estimates and forecast, by region, 2016 - 2026
5.4. Part production
5.4.1. Market estimates and forecasts, 2016 - 2026
5.4.2. Market estimates and forecast, by region, 2016 - 2026
Chapter 6. Aerospace 3D Printing Materials Market, By Aircraft Parts
6.1. Global aerospace 3D printing materials market aircraft parts insights
6.2.1. Market estimates and forecasts, 2016 - 2026
6.2.2. Market estimates and forecast, by region, 2016 - 2026
6.3. Structural Components (Body & Cabin Interiors)
6.3.1. Market estimates and forecasts, 2016 - 2026
6.3.2. Market estimates and forecast, by region, 2016 - 2026
6.4. Jigs & Fixtures
6.4.1. Market estimates and forecasts, 2016 - 2026
6.4.2. Market estimates and forecast, by region, 2016 - 2026
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