Aerospace 3D Printing Materials Market Size 2021 Global Industry Report, Statistics | Forecast To 2026
The research report on aerospace 3D printing materials market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.
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.
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Rapid prototyping is a fast fabrication technique used to make physical parts, models or components using 3D CAD systems and additive manufacturing. It helps in the development of complex trial prototypes of latest aerospace 3D printing components in low production volumes. Additionally, rapid prototyping offers a cost-effective alternative to authorize an airplane part before sanctioning it for full-scale manufacturing.
According to reports, Lockheed Martin, a U.S. aerospace company with extensive expertise in unmanned aircraft, autonomous systems, and rapid prototyping through its Skunk Works division, has revealed submitting the proposal for AI-equipped drones dubbed Skyborg. With such advancements, studies suggest that the rapid prototyping segment could register USD 105 million by the end of 2026.
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On the geographical front, Asia Pacific is considered to be a lucrative terrain for local aerospace 3D printing material companies. The region has managed to control a significant market share over the years and is expected to record noteworthy growth over the predicted timeline.
Companies operating in the aerospace 3D printing materials market are constantly working on researching and innovating new and enhanced products to improve overall market presence and consumer base. Citing an instance, Arkema is working on developing a variety of certain grades of Kepstan® PEKK powders, an advanced performance polymer which plays a vital role in laser sintering processes, helping components exhibit extreme toughness. Apart from Arkema, companies like Solvay, GE, Stratasys, BASF SE, 3D Systems, ExOne, and Ultimaker are leading the industry 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. Tooling
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 market aircraft parts insights
6.2. Engine
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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