The Global Aerospace 3D printing market is anticipated to touch a whopping $705.79 billion by the year 2026 as per the latest reports. Studies have indicated CAGR (compounded annual growth rate) of close to 33.14% between the 2017-26 period. Divisions of the industry include UAV, aircraft and spacecraft and the technology market is segmented into SLS, SLA, FDM, DMLS and clip. Material application has been sub-divided into structural, engine and space based components. The market is spread across diverse regions including North America, Latin America, Asia-Pacific, Middle East and Africa and Europe.
3D printing has witnessed rapid progress in a shorter time span, being capable of churning out components of a complex nature and with diverse materials including aluminum, titanium, steel and various kinds of plastics. 3D printing of parts is now the latest technological offering while transforming formation of new products by enterprises including components for defense and aerospace. The technology incorporates manufacturing of physical objects through printing a single layer at a time, with the usage of digital models, special material and deposition devices. 3D printing is expected to gain higher traction in the near future owing to its sheer potential.
Major players operational in the aerospace 3D printing space, as per the report, include the likes of 3D Systems Corporation, Stratasys Limited, EOS GmbH, The ExOne Company, Arcam AB, Solvay S.A. and Materialise NV among others. A few other names in the reckoning include Hoganas, Ultimaker B.V. and Organovo Holdings Inc in tandem with GKN, Arconic and Sandvik.