Product Code: GVR-4-68040-267-7
Aerospace 3D Printing Market Growth & Trends:
The global aerospace 3D printing market size is anticipated to reach USD 11.38 billion by 2030 and is projected to grow at a CAGR of 20.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of additive manufacturing for tooling, fixtures, and other support equipment in aerospace manufacturing facilities is driving the market growth. While aerospace components are the primary focus of additive manufacturing applications, there is also significant demand for 3D-printed tooling and fixtures used in assembly, testing, and maintenance operations. 3D-printed jigs, fixtures, and molds offer advantages such as rapid production, design flexibility, and cost-effectiveness compared to traditional machining methods.
The economic fallout from COVID-19 resulted in budget cuts and reduced investment in research and development across the aerospace industry. Many companies were forced to prioritize immediate cost-saving measures over long-term innovation initiatives, leading to a slowdown in the pace of technological advancement in 3D printing and related areas. As a result, aerospace manufacturers faced challenges in adopting the latest advancements in additive manufacturing technology, limiting their ability to optimize production processes, improve component performance, and enhance competitiveness in the global market.
The growing trend toward space exploration and satellite deployment is driving demand for lightweight, high-performance components for space missions. 3D printing technology offers unique advantages for producing space-ready components, such as complex geometries, lightweight structures, and customized designs tailored to specific mission requirements. This capability enables aerospace companies to overcome the constraints of traditional manufacturing methods and develop innovative solutions for space exploration, satellite propulsion, and other space-related applications.
Aerospace 3D Printing Market Report Highlights:
- Based on component, the hardware segment led the market with the largest revenue share of 63.6% in 2023 and is expected to grow at the fastest CAGR over the forecast period. The need for rapid prototyping and production agility is accelerating the adoption of 3D printing technology in the aerospace hardware segment
- Based on technology, the direct metal laser sintering (DMLS) segment is expected to grow at the fastest CAGR over the forecast period. Advancements in DMLS technology, such as improved laser power, finer powder materials, and enhanced process control, are expanding its capabilities and driving further adoption in the aerospace sector
- Based on application, the prototyping segment led the market with the largest revenue share of 54.8% in 2023. The demand for customized and highly intricate aerospace components necessitates the use of 3D printing for prototyping purposes
- Based on material, the polymer segment is expected to grow at a significant CAGR over the forecast period. The development of aerospace-grade polymer materials with enhanced mechanical properties and fire-retardant characteristics further drives the adoption of polymer 3D printing in aerospace manufacturing
- Based on end-product, the aircraft segment led the market with the largest revenue share of 58.6% in 2023. The growing demand for fuel efficiency and sustainability drives aircraft manufacturers to adopt 3D printing for developing aerodynamic components and structural parts
- In March 2024, GE Aerospace, the aerospace and aviation division of General Electric (GE), a US-based energy multinational, announced an investment of more than USD 650 million towards enhancing its worldwide manufacturing facilities and supply chain in 2024. This substantial investment aims to facilitate the expansion of production for its LEAP engines, utilizing 3D printing technology. In addition, the funds will support the full-scale manufacturing of GE9X engines, distinguished by their incorporation of over 300 3D-printed components. These engines are tailored for use in Boeing 777X aircraft
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Component
- 1.2.2. Technology
- 1.2.3. Application
- 1.2.4. Material
- 1.2.5. End-product
- 1.2.6. Regional scope
- 1.2.7. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.5. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Component Outlook
- 2.2.2. Technology Outlook
- 2.2.3. Application Outlook
- 2.2.4. Material Outlook
- 2.2.5. End-Product Outlook
- 2.3. Competitive Insights
Chapter 3. Aerospace 3D Printing Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Increasing trend towards on-demand manufacturing
- 3.2.1.2. The integration of advanced software tools and simulation technologies
- 3.2.2. Market restraint analysis
- 3.2.2.1. High initial investment costs associated with 3D printing technology
- 3.2.2.2. Regulatory hurdles and certification processes for 3D-printed aerospace parts
- 3.3. Aerospace 3D Printing Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Aerospace 3D Printing Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Aerospace 3D Printing Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 4.2.1. Hardware
- 4.2.1.1. Hardware market estimates and forecasts 2017 to 2030 (USD Million)
- 4.2.2. Software
- 4.2.2.1. Software market estimates and forecasts 2017 to 2030 (USD Million)
- 4.2.3. Services
- 4.2.3.1. Services market estimates and forecasts 2017 to 2030 (USD Million)
- 4.2.3.2. Design Software
- 4.4.3.2.1. Design software market estimates and forecasts 2017 to 2030 (USD Million)
- 4.2.3.3. Inspection Software
- 4.4.3.3.1. Inspection software market estimates and forecasts 2017 to 2030 (USD Million)
- 4.2.3.4. Printer Software
- 4.4.3.4.1. Printer software market estimates and forecasts 2017 to 2030 (USD Million)
- 4.2.3.5. Scanning Software
- 4.4.3.5.1. Scanning software market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 5. Aerospace 3D Printing Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Aerospace 3D Printing Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 5.2.1. Selective Laser Melting (SLM)
- 5.2.1.1. Selective laser melting (SLM) market estimates and forecast, 2017 to 2030 (USD Million)
- 5.2.2. Electronic Beam Melting (EBM)
- 5.2.2.1. Electronic beam melting (EBM) market estimates and forecast, 2017 to 2030 (USD Million)
- 5.2.3. Direct Metal Laser Sintering (DMLS)
- 5.2.3.1. Direct metal laser sintering (DMLS) market estimates and forecast, 2017 to 2030 (USD Million)
- 5.2.4. Stereolithography
- 5.2.4.1. Stereolithography (SLA) market estimates and forecast, 2017 to 2030 (USD Million)
- 5.2.5. Others
- 5.2.5.1. Others market estimates and forecast, 2017 to 2030 (USD Million)
Chapter 6. Aerospace 3D Printing Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Aerospace 3D Printing Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 6.2.1. Prototyping
- 6.2.1.1. Prototyping market estimates and forecasts 2017 to 2030 (USD Million)
- 6.2.2. Tooling
- 6.2.2.1. Tooling market estimates and forecasts 2017 to 2030 (USD Million)
- 6.2.3. Functional Parts
- 6.2.3.1. Functional parts market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 7. Aerospace 3D Printing Market: Materials Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Aerospace 3D Printing Market: Materials Movement Analysis, 2023 & 2030 (USD Million)
- 7.2.1. Metal
- 7.2.1.1. Market estimates and forecasts 2017 to 2030 (USD Million)
- 7.2.2. Polymer (Plastic)
- 7.2.2.1. Market estimates and forecasts 2017 to 2030 (USD Million)
- 7.2.3. Composite
- 7.2.3.1. Market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 8. Aerospace 3D Printing Market: End-Product Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Aerospace 3D Printing Market: End-Product Movement Analysis, 2023 & 2030 (USD Million)
- 8.2.1. Aircraft
- 8.2.1.1. Aircraft market estimates and forecasts 2017 to 2030 (USD Million)
- 8.2.2. Unmanned Aerial Vehicles (UAVs)
- 8.2.2.1. Unmanned aerial vehicles (UAVs) market estimates and forecasts 2017 to 2030 (USD Million)
- 8.2.3. Spacecraft
- 8.2.3.1. Spacecraft market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 9. Aerospace 3D Printing Market: Regional Estimates & Trend Analysis
- 9.1. Aerospace 3D Printing Market Share, By Region, 2023 & 2030 (USD Million)
- 9.2. North America
- 9.2.1. Aerospace 3D Printing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Aerospace 3D Printing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Aerospace 3D Printing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.4.4. India
- 9.4.4.1. India aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Aerospace 3D Printing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.5.3. Mexico
- 9.5.3.1. Mexico aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.6. Middle East & Africa
- 9.6.1. Middle East & Africa Aerospace 3D Printing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.6.2. UAE
- 9.6.2.1. UAE aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.6.3. KSA
- 9.6.3.1. KSA aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
- 9.6.4. South Africa
- 9.6.4.1. South Africa aerospace 3D printing market estimates and forecasts 2017 to 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Positioning
- 10.4. Company Heat Map Analysis
- 10.5. Strategy Mapping
- 10.5.1. Expansion
- 10.5.2. Mergers & Acquisition
- 10.5.3. Partnerships & Collaborations
- 10.5.4. New Product Launches
- 10.5.5. Research And Development
- 10.6. Company Profiles
- 10.6.1. Spirit AeroSystems
- 10.6.1.1. Company overview
- 10.6.1.2. Financial performance
- 10.6.1.3. Product benchmarking
- 10.6.1.4. Strategic initiatives
- 10.6.2. Thales
- 10.6.2.1. Company overview
- 10.6.2.2. Financial performance
- 10.6.2.3. Product benchmarking
- 10.6.2.4. Strategic initiatives
- 10.6.3. Lockheed Martin
- 10.6.3.1. Company overview
- 10.6.3.2. Financial performance
- 10.6.3.3. Product benchmarking
- 10.6.3.4. Strategic initiatives
- 10.6.4. Melrose Industries
- 10.6.4.1. Company overview
- 10.6.4.2. Financial performance
- 10.6.4.3. Product benchmarking
- 10.6.4.4. Strategic initiatives
- 10.6.5. Booz Allen Hamilton
- 10.6.5.1. Company overview
- 10.6.5.2. Financial performance
- 10.6.5.3. Product benchmarking
- 10.6.5.4. Strategic initiatives
- 10.6.6. Stratasys
- 10.6.6.1. Company overview
- 10.6.6.2. Financial performance
- 10.6.6.3. Product benchmarking
- 10.6.6.4. Strategic initiatives
- 10.6.7. EOS GmbH
- 10.6.7.1. Company overview
- 10.6.7.2. Financial performance
- 10.6.7.3. Product benchmarking
- 10.6.7.4. Strategic initiatives
- 10.6.8. Danaher
- 10.6.8.1. Company overview
- 10.6.8.2. Financial performance
- 10.6.8.3. Product benchmarking
- 10.6.8.4. Strategic initiatives
- 10.6.9. Formlabs
- 10.6.9.1. Company overview
- 10.6.9.2. Financial performance
- 10.6.9.3. Product benchmarking
- 10.6.9.4. Strategic initiatives
- 10.6.10. ExOne
- 10.6.10.1. Company overview
- 10.6.10.2. Financial performance
- 10.6.10.3. Product benchmarking
- 10.6.10.4. Strategic initiatives