Aerospace 3D Printing Market Size, Share, Growth, Trends | Report 2023-2032
The global aerospace 3D printing market was valued at USD 1.94 billion in 2022 and it is predicted to surpass around USD 11.59 billion by 2032 with a CAGR of 19.57% from 2023 to 2032.
Key Pointers
Report Scope of the Aerospace 3D Printing Market
| Report Coverage | Details |
| Market Size in 2022 | USD 1.94 billion |
| Revenue Forecast by 2032 | USD 11.59 billion |
| Growth rate from 2023 to 2032 | CAGR of 19.57% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Aerojet Rocketdyne Holdings Inc, MTU Aero Engines AG, GE Aviation, Stratasys, Ltd., The Exone Company, Materialise NV, 3D Systems, Inc, Höganäs AB, Envisiontec GmbH, and EOS GmbH. |
3D printing, also known as Additive Manufacturing (AM), is a layer-by-layer combination of materials to create objects from 3D model data. The method of 3D printing is automated and relies on CAD software, and there is a 40% decrease in waste products in metal applications of 3D printing compared to subtractive manufacturing.
Furthermore, it can reuse 95–98% of waste material generated by 3D printing. During the forecast period, the aviation industry's low production volume of aircraft components, growing preference for lightweight materials, the need to consume less energy production, and the requirement for cost-effective and sustainable materials are expected to drive the requirement for aerospace 3D printing.
According to a study conducted by Airbus Group Innovations in the United Kingdom and its partners, AM can cut raw material use by up to 75%. According to certain research, AM has a 70 percent lower environmental impact than traditional machining. 3D printing allows for the creation of lightweight, enhanced, and complicated geometries, lowering product life cycle costs. Furthermore, 3D printing can substantially cut material use, energy usage, and process-related CO2 emissions per unit of GDP.
AM technology could also contribute to fuel savings in the aircraft industry, where every kilogram of substance saved decreases annual fuel costs by US$ 3000, propelling the market growth.
AM technology's advantages include reducing downtime, overall management expenses, and efficiency, meeting client needs more effectively, enhancing supply chain management, and lowering inventory requirements with the usage of 3D Technology in the aviation industry, all of which move the market ahead.
Furthermore, the rising desire for ultralight, long-lasting equipment in the aerospace industry, the growing demand for UAVs, technologically advanced space parts for space expeditions, and the continuously increasing preference for product customization and cost-cutting manufacturing processes are all fueling market expansion.
The aerospace 3D printing market was also adversely impacted by the outbreak of the COVID-19 pandemic. The lockdowns led to disruptions in the production process as the supply of raw materials and labor fell short. Pandemic has also resulted in delays in deliveries as manufacturing, transportation, and overall supply chains got constrained.
However, when it comes to the fabrication of certain significant aircraft structures, additive manufacturing, performs poorly compared to traditional manufacturing. In addition, additive manufacturing suffers manufacturing consistency issues, especially when generating completely thick metal parts, slowing market expansion.
Offering Insights
The aerospace 3D printing market is divided into printers, materials, services, and software based on the Offering. The materials segment is expected to be the fastest-growing segment in the forecast period of 2022-2027. The demand for high strength-to-weight-ratio components for product manufacture is driving this expansion. Lightweight, durable materials are also preferred as they cut down production costs by a significant margin.
Technology Insights
Based on the Technology, the aerospace 3D printing market is divided into polymerization, powder bed fusion, material extrusion or fusion deposition modeling (FDM), and others. The fusion deposition modeling (FDM) segment is expected to be the fastest-growing segment in the market from 2023 to 2032.
FDM's capacity to consistently and reliably generate geometric structures, produce components with good stability and strength and offer a broad array of thermoplastic materials contribute to the segment's growth.
Platform Insights
The aerospace 3D printing market is divided into aircraft, UAVs, and spacecraft based on the platform segmentation. The aircraft segment is expected to be the largest segment in the market from 2023 to 2032. The growth can be attributed to the growing demand for safe and efficient aircraft in the defense and aerospace sector and a rise in investments in lightweight, cost-efficient aircraft for various applications.
End Product Insights
The aerospace 3D printing market is divided into engine components, structural components, and others based on the end product. The engine segment is expected to be the largest segment in the market from 2023 to 2032. The rise of end goods is aided by the simplicity of design, better durability, portability, the longevity of produced components, and associated cost-effectiveness.
End User Insights
The aerospace 3D printing market is divided into OEM and MRO based on end-user segmentation. The MRO segment is expected to be the fastest-growing segment in the market from 2023 to 2032. The MRO asset management system provides a big-picture overview of all inventories. It facilitates sharing, more effective fixable part administration, more strategic buying techniques, and better technical team deployment, driving the segment growth.
Application Insights
The aerospace 3D printing market is divided into prototyping, tooling, and functional parts based on the application type. The parts segment is expected to be the fastest-growing segment in the market from 2023 to 2032. The developments in 3D printing technology and increased acceptance of 3D printers into production processes across sectors can be related to the expansion of the functional parts market.
Regional Insights
North America will dominate the aerospace 3D printing market from 2023 to 2032. 3D printing technology to create sophisticated, lightweight 3D components is becoming more common. Additionally, aviation equipment and aircraft makers are turning to 3D printing technologies to deliver low-volume parts, fueling the aerospace 3D printing market's growth in this region.
Moreover, the Asia Pacific region is expected to be the fastest-growing aerospace 3D printing market segment during the forecast period. Countries like China, India, and Japan are increasing their investment in 3D printing research and development. South Korea's growing number of OEMs, startups' increased focus on 3D printing technology, and strong advocacy of 3D printing technologies result in minimal material waste, and are following their lean manufacturing principles are all driving regional growth.
Aerospace 3D Printing Market Segmentations:
By Offerings
By Technology
By Platform
By End Product
By End User
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Application Procurement Analysis
4.3.2. Sales and Distribution Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aerospace 3D Printing Market
5.1. COVID-19 Landscape: Aerospace 3D Printing Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aerospace 3D Printing Market, By Offerings
8.1. Aerospace 3D Printing Market, by Offerings, 2023-2032
8.1.1. Printers
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Services
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Materials
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Software
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Aerospace 3D Printing Market, By Technology
9.1. Aerospace 3D Printing Market, by Technology, 2023-2032
9.1.1. Powder Bed Fusion
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Polymerization
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Fusion Deposition Modeling (FDM)
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Aerospace 3D Printing Market, By Platform
10.1. Aerospace 3D Printing Market, by Platform, 2023-2032
10.1.1. UAVs
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Aircraft
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Spacecraft
10.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Aerospace 3D Printing Market, By End Product
11.1. Aerospace 3D Printing Market, by End Product, 2023-2032
11.1.1. Structural Components
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Engine Components
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Others
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Aerospace 3D Printing Market, By End User
12.1. Aerospace 3D Printing Market, by End User, 2023-2032
12.1.1. OEM
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. MRO
12.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global Aerospace 3D Printing Market, By Application
13.1. Aerospace 3D Printing Market, by Application, 2023-2032
13.1.1. Tooling
13.1.1.1. Market Revenue and Forecast (2020-2032)
13.1.2. Prototyping
13.1.2.1. Market Revenue and Forecast (2020-2032)
13.1.3. Functional Parts
13.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 14. Global Aerospace 3D Printing Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.1.2. Market Revenue and Forecast, by Technology (2020-2032)
14.1.3. Market Revenue and Forecast, by Platform (2020-2032)
14.1.4. Market Revenue and Forecast, by End Product (2020-2032)
14.1.5. Market Revenue and Forecast, by End User (2020-2032)
14.1.6. Market Revenue and Forecast, by Application (2020-2032)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.1.7.2. Market Revenue and Forecast, by Technology (2020-2032)
14.1.7.3. Market Revenue and Forecast, by Platform (2020-2032)
14.1.7.4. Market Revenue and Forecast, by End Product (2020-2032)
14.1.8. Market Revenue and Forecast, by End User (2020-2032)
14.1.8.1. Market Revenue and Forecast, by Application (2020-2032)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.1.9.2. Market Revenue and Forecast, by Technology (2020-2032)
14.1.9.3. Market Revenue and Forecast, by Platform (2020-2032)
14.1.9.4. Market Revenue and Forecast, by End Product (2020-2032)
14.1.10. Market Revenue and Forecast, by End User (2020-2032)
14.1.11. Market Revenue and Forecast, by Application (2020-2032)
14.2. Europe
14.2.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.2.2. Market Revenue and Forecast, by Technology (2020-2032)
14.2.3. Market Revenue and Forecast, by Platform (2020-2032)
14.2.4. Market Revenue and Forecast, by End Product (2020-2032)
14.2.5. Market Revenue and Forecast, by End User (2020-2032)
14.2.6. Market Revenue and Forecast, by Application (2020-2032)
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.2.8.2. Market Revenue and Forecast, by Technology (2020-2032)
14.2.8.3. Market Revenue and Forecast, by Platform (2020-2032)
14.2.9. Market Revenue and Forecast, by End Product (2020-2032)
14.2.10. Market Revenue and Forecast, by End User (2020-2032)
14.2.10.1. Market Revenue and Forecast, by Application (2020-2032)
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.2.11.2. Market Revenue and Forecast, by Technology (2020-2032)
14.2.11.3. Market Revenue and Forecast, by Platform (2020-2032)
14.2.12. Market Revenue and Forecast, by End Product (2020-2032)
14.2.13. Market Revenue and Forecast, by End User (2020-2032)
14.2.14. Market Revenue and Forecast, by Application (2020-2032)
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.2.15.2. Market Revenue and Forecast, by Technology (2020-2032)
14.2.15.3. Market Revenue and Forecast, by Platform (2020-2032)
14.2.15.4. Market Revenue and Forecast, by End Product (2020-2032)
14.2.16. Market Revenue and Forecast, by End User (2020-2032)
14.2.16.1. Market Revenue and Forecast, by Application (2020-2032)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.2.17.2. Market Revenue and Forecast, by Technology (2020-2032)
14.2.17.3. Market Revenue and Forecast, by Platform (2020-2032)
14.2.17.4. Market Revenue and Forecast, by End Product (2020-2032)
14.2.18. Market Revenue and Forecast, by End User (2020-2032)
14.2.18.1. Market Revenue and Forecast, by Application (2020-2032)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.3.2. Market Revenue and Forecast, by Technology (2020-2032)
14.3.3. Market Revenue and Forecast, by Platform (2020-2032)
14.3.4. Market Revenue and Forecast, by End Product (2020-2032)
14.3.5. Market Revenue and Forecast, by End User (2020-2032)
14.3.6. Market Revenue and Forecast, by Application (2020-2032)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.3.7.2. Market Revenue and Forecast, by Technology (2020-2032)
14.3.7.3. Market Revenue and Forecast, by Platform (2020-2032)
14.3.7.4. Market Revenue and Forecast, by End Product (2020-2032)
14.3.8. Market Revenue and Forecast, by End User (2020-2032)
14.3.9. Market Revenue and Forecast, by Application (2020-2032)
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.3.10.2. Market Revenue and Forecast, by Technology (2020-2032)
14.3.10.3. Market Revenue and Forecast, by Platform (2020-2032)
14.3.10.4. Market Revenue and Forecast, by End Product (2020-2032)
14.3.11. Market Revenue and Forecast, by End User (2020-2032)
14.3.11.1. Market Revenue and Forecast, by Application (2020-2032)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.3.12.2. Market Revenue and Forecast, by Technology (2020-2032)
14.3.12.3. Market Revenue and Forecast, by Platform (2020-2032)
14.3.12.4. Market Revenue and Forecast, by End Product (2020-2032)
14.3.12.5. Market Revenue and Forecast, by End User (2020-2032)
14.3.12.6. Market Revenue and Forecast, by Application (2020-2032)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.3.13.2. Market Revenue and Forecast, by Technology (2020-2032)
14.3.13.3. Market Revenue and Forecast, by Platform (2020-2032)
14.3.13.4. Market Revenue and Forecast, by End Product (2020-2032)
14.3.13.5. Market Revenue and Forecast, by End User (2020-2032)
14.3.13.6. Market Revenue and Forecast, by Application (2020-2032)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.4.2. Market Revenue and Forecast, by Technology (2020-2032)
14.4.3. Market Revenue and Forecast, by Platform (2020-2032)
14.4.4. Market Revenue and Forecast, by End Product (2020-2032)
14.4.5. Market Revenue and Forecast, by End User (2020-2032)
14.4.6. Market Revenue and Forecast, by Application (2020-2032)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.4.7.2. Market Revenue and Forecast, by Technology (2020-2032)
14.4.7.3. Market Revenue and Forecast, by Platform (2020-2032)
14.4.7.4. Market Revenue and Forecast, by End Product (2020-2032)
14.4.8. Market Revenue and Forecast, by End User (2020-2032)
14.4.9. Market Revenue and Forecast, by Application (2020-2032)
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.4.10.2. Market Revenue and Forecast, by Technology (2020-2032)
14.4.10.3. Market Revenue and Forecast, by Platform (2020-2032)
14.4.10.4. Market Revenue and Forecast, by End Product (2020-2032)
14.4.11. Market Revenue and Forecast, by End User (2020-2032)
14.4.12. Market Revenue and Forecast, by Application (2020-2032)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.4.13.2. Market Revenue and Forecast, by Technology (2020-2032)
14.4.13.3. Market Revenue and Forecast, by Platform (2020-2032)
14.4.13.4. Market Revenue and Forecast, by End Product (2020-2032)
14.4.13.5. Market Revenue and Forecast, by End User (2020-2032)
14.4.13.6. Market Revenue and Forecast, by Application (2020-2032)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.4.14.2. Market Revenue and Forecast, by Technology (2020-2032)
14.4.14.3. Market Revenue and Forecast, by Platform (2020-2032)
14.4.14.4. Market Revenue and Forecast, by End Product (2020-2032)
14.4.14.5. Market Revenue and Forecast, by End User (2020-2032)
14.4.14.6. Market Revenue and Forecast, by Application (2020-2032)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.5.2. Market Revenue and Forecast, by Technology (2020-2032)
14.5.3. Market Revenue and Forecast, by Platform (2020-2032)
14.5.4. Market Revenue and Forecast, by End Product (2020-2032)
14.5.5. Market Revenue and Forecast, by End User (2020-2032)
14.5.6. Market Revenue and Forecast, by Application (2020-2032)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.5.7.2. Market Revenue and Forecast, by Technology (2020-2032)
14.5.7.3. Market Revenue and Forecast, by Platform (2020-2032)
14.5.7.4. Market Revenue and Forecast, by End Product (2020-2032)
14.5.8. Market Revenue and Forecast, by End User (2020-2032)
14.5.8.1. Market Revenue and Forecast, by Application (2020-2032)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Offerings (2020-2032)
14.5.9.2. Market Revenue and Forecast, by Technology (2020-2032)
14.5.9.3. Market Revenue and Forecast, by Platform (2020-2032)
14.5.9.4. Market Revenue and Forecast, by End Product (2020-2032)
14.5.9.5. Market Revenue and Forecast, by End User (2020-2032)
14.5.9.6. Market Revenue and Forecast, by Application (2020-2032)
Chapter 15. Company Profiles
15.1. Aerojet Rocketdyne Holdings Inc
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. MTU Aero Engines AG
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. GE Aviation
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Stratasys, Ltd.
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. The Exone Company
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Materialise NV
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. 3D Systems, Inc
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Höganäs AB
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Envisiontec GmbH
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. EOS GmbH.
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers