Stratview Research has released a new report, titled, Aerospace 3D Printing Market. The report offers a broad analysis of key growth strategies, motivations, opportunities, key segment and competitive landscape. The report proposes key motivations that reinforce the growth in the aerial 3D printing market. These insights help market players develop strategies to gain market presence. The study also outlines market constraints.
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The study offers a detailed segmentation of the aerial 3D printing market. According to this report, the market is estimated to grow from $ 1888.2 million in 2021 to $ 236.9 million by 2026 at a healthy CAGR of 4.0% during the forecast period.
Key sections analyzed in the study include Type, process, application, end user and geography. The market is analyzed based on regions and competitive landscape.
The study offers an extensive analysis of key players active in the aerial 3D printing market. Here are some key players mentioned in the report –
3D Systems Corporation
The Trump Group.
Growth motives and market value:
This report, by Stratview Research, examines the market value of 3D aerial printing and the motivations for growth in the trend period of 2021-27. According to the article –
The aerospace industry accounted for 16.8% of the 3D printing market in 2019 and is expected to grow rapidly in the coming years, creating huge growth opportunities for market participants. Both aircraft, as well as engine manufacturers, eagerly relied on technology to develop lightweight parts.
Based on application type:
Based on the type of application, the market is segmented into engine components, structural components and space components. The engine components sector is experiencing a huge decline in the market in 2020 following the epidemic. However, all three applications are expected to expand with significant CAGRs over the next five years, due to an expected recovery in aircraft shipments along with increasing penetration of lightweight materials and development of parts with high accuracy in reduced time. The engine component sector is expected to witness the highest growth in that period, driven by the high focus of major engine manufacturers including GE, Pratt & Whitney and Rolls-Royce to develop turbo-engine engines using 3D printing technology. GE Additive ו-Pratt &
Based on region:
Although there has been a massive market decline worldwide, North America is expected to remain the largest market for aerial 3D printing until 2027. The region is the global manufacturing capital of the aerospace industry with the presence of many large to small sized OEMs, layers and raw material suppliers. Large 3D printer manufacturers are also in the area to meet the growing regional demand for 3D printers as well as materials. Asia-Pacific is expected to recover at the fastest pace, with impressive growth in the 3D printing space in aerospace during the forecast period, driven mainly by the expected early recovery of emerging economies like China and the growing presence of OEMs and level players to take advantage of growing domestic demand. China, Japan and India.
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• The report provides a qualitative and quantitative analysis of the current three-dimensional aerial print market
Trends, forecasts and market size from 2021 to 2026 to set new opportunities.
• The main countries in each region are valued and their revenue contribution is mentioned.
Main suggestions of the report:
• Key factors and opportunities: For the purpose of strategy, a detailed examination of motivational factors and opportunities was conducted in various sectors.
• Recent trends and forecasts: A comprehensive analysis of the latest trends, developments and forecasts is mentioned in the report.
Sectoral Analysis: Each segment analysis and motivational factors along with revenue forecasts and growth rate analysis are taken for documentation.
• Regional analysis
On Stratview research
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