TechSci Press Release

Global aerospace 3D printing market   was valued at around USD1411 million in 2019 and is poised to grow at CAGR of more than 15% by 2026 on account of traditional materials getting replaced with new high strength materials and lightweight, which is an effective way of meeting the goal of decreasing emissions, reducing material usage and increasing fuel efficiency. Additionally, increasing demand for reducing the overall weight of the aircraft to improve the fuel consumption is further fueling growth in the market. Moreover, 3D printing can be used to customize components and parts used in the aircraft industry by efficient use of the overall raw material with high accuracy, thereby promoting growth of 3D printing market. Complicated components can be easily made with the 3D printing technology with reduced errors. Growth of lightweight and fuel-efficient components has led to rise in engine application under material application segment, which is further anticipated to increase in...

Increasing fleet size of airlines   and growing demand for lightweight parts & components in aerospace industry to drive global aerospace 3D printing market through 2024. According to TechSci Research report,  “ Global  Aerospace 3D Printing Market  By Vertical, By Industry, By Printer Technology, By Material Application, By Region, Competition, Forecast & Opportunities, 2024 ” , global aerospace 3D printing market is expected to witness growth at a CAGR of over 15% during 2019-2024, as aircraft manufacturers are opting for 3D printing technology to manufacture aircraft components and parts. 3D printing technology is gaining traction in various verticals including aerospace as manufactured parts can be made with little wastage and reduced time. Moreover, accuracy and reduction of errors while manufacturing of parts is further positively influencing the growth of global aerospace 3D printing market .  3D Printing technology is gaining traction across the...