Nov 5, 2020   SOURCE: BusinessWire

Commercial Aerospace 3D Printing Market | Miniaturization of Jet Engines to Propel Growth | Technavio

The global commercial aerospace 3D printing market size is poised to grow by USD 2.09 billion during 2020-2024, progressing at a CAGR of almost 19% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201105005439/en/

Technavio has announced its latest market research report titled Global Commercial Aerospace 3D Printing Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Commercial Aerospace 3D Printing Market 2020-2024 (Graphic: Business Wire)

One of the key drivers for the growth of the Commercial Aerospace 3D Printing Market will be the miniaturization of jet engines. 3D printing enables the miniaturization of aircraft components, which helps in the development of fuel-efficient solutions with low operational costs for aircraft. The development of smaller and lighter compressor systems saves a considerable amount of fuel. 3D printer manufacturers are focusing on the development of actuators with the help of 3D printing techniques. This will help to improve the optimization of air control and thus improve system stability. All these factors will drive the growth of the commercial aerospace 3D printing market during the forecast period.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Report Highlights:

  • The major commercial aerospace 3D printing market growth will be driven by the printing technologies segment. This is due to the application of contract manufacturing 3D printing service for 3D-printed parts and components in commercial aircraft.
  • North America was the largest commercial aerospace 3D printing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as increased passenger growth and strong economic growth.
  • The global commercial aerospace 3D printing market is fragmented. 3D Systems Corp., Arconic Inc., EOS GmbH, General Electric Co., Hoganas AB, Materialise NV, Melrose Industries Plc, Sandvik AB, Stratasys Ltd., and The ExOne Company are some of the major market participants. To help clients improve their market position, this commercial aerospace 3D printing market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global commercial aerospace 3D printing market 2020-2024 is expected to have negative impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Growing Influence of 3D Printing on Aircraft Interior will be a Key Market Trend

3D printing technology not only enables flexible design changes but also results in improved designs and greater usage of carrier space. Manufacturers extensively rely on 3D printing to integrate multiple parts into one. This helps them in reducing the overall weight of the component. Wall panels, air ducts, and seat frameworks are a few of the aircraft parts that leverage the application of this technology. This factor proves that the growing influence of 3D printing on aircraft interiors will stimulate growth in the commercial aerospace 3D printing market during the predicted period.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Commercial Aerospace 3D Printing Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist commercial aerospace 3D printing market growth during the next five years
  • Estimation of the commercial aerospace 3D printing market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial aerospace 3D printing market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial aerospace 3D printing market vendors

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by 3D printing vertical

  • Market segments
  • Comparison by 3D printing vertical
  • Printing technologies - Market size and forecast 2019-2024
  • Materials - Market size and forecast 2019-2024
  • Market opportunity by 3D printing vertical

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 3D Systems Corp.
  • Arconic Inc.
  • EOS GmbH
  • General Electric Co.
  • Hoganas AB
  • Materialise NV
  • Melrose Industries Plc
  • Sandvik AB
  • Stratasys Ltd.
  • The ExOne Company

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.