Aerospace 3D printing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” is the latest market research study that has been added by Transparency Market Research. The study talks in detail about the global landscape of the market for aerospace 3D printing. The report offers a thorough assessment of the world market for aerospace 3D printing with an assistance of detailed and deep insights of the market. The research report comprehends the evolution of the said market by keeping a tab on the past developments and gauging the present scenario of the market. On the basis of optimistic and likely situations, it also presents a detailed prospect of growth that could rise in the years to come. The study report also provides the market trends that are currently prevailing in the world market for aerospace 3D printing together with its micro as well as macro-economic directives. Moreover, the research report offers the mandates, norms, and regulations that govern the global market and tries to assess it, based on the quantitative as well qualitative parameters. The information provided by the research report is the result of vital data collected from key market players and industry experts.
3D printing of various parts is an emerging technology that has been brought forth with an ability to change the manner in which organizations manufacture new products. It includes aerospace and defense parts as well. This new process of manufacturing is called additive manufacturing or 3D printing. The said technology engages making of physical objects by making a print of one layer at one time, making use of digital gadgets and deposition devices of special material. The current equipment of 3D printing has been evolved and developed in a very short period of time. It is also capable of making complex components with many different kinds of materials that include aluminum, steel, titanium, and various types of plastics. 3D printing is, as such, gaining popularity with many of the end-use sectors worldwide especially fabricating and manufacturing.
The segment of aerospace makes a recognition of the unique quality of 3D printing and the same industry is exploring many ways through which it can find avenues to make use of these competences. For instance, Boeing is utilizing 3D printing to make plastic made interior parts out of polyetherimide and nylon for the purpose of prototype units and their test evaluation. The company is making use of the technology of 3D printing so as to rapidly make tools for the manufacture of composite parts. Furthermore, Pratt & Whitney aerospace company is making vast investments in an advanced 3D manufacturing center in partnership with Connecticut University. This technology of 3D printing in the segment of aerospace, mostly in plastic, has evolved into a practice of mainstream prototype fabrication for the parts of aerospace. This technology enables design engineers to go straight to the finished parts thereby escaping fabrication of tools.
Many different factors such as effective and optimum utilization of raw materials, tailor-made product creation, diminished number of errors, and accuracy at the time of manufacturing parts all collectively fuel the market growth for aerospace 3D printing over the timeframe of forecast that extends from 2016 to 2024.
The world aerospace 3D printing market can be geographically divided into the main regions of North America, Europe, Latin America, Middle East and Africa, and Asia Pacific.
Some of the prominent players pertaining to the market for D printing include names such as 3D Systems Corporation, EOS GmbH, Höganäs AB, Stratasys Ltd., Solvay S.A., Sandvik, and Organovo Holdings Inc. amongst many others.