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Global 3D Printing in Low-Cost Satellite Market Growth Prospects Overview 2017-2021 : Drivers, Industry Perception and Forecast

Press Release   •   Jun 06, 2017 04:46 EDT

Global 3D Printing in Low-Cost Satellite Market report covers the present scenario and the growth prospects of the industry for 2017-2021. To calculate the market size, the report considers the new installations. The analysts forecast global 3D Printing in Low-Cost Satellite market to grow at a CAGR of 55.71% during the period 2017-2021.

Key vendors

The key vendors in the 3D Printing in Low-Cost Satellite Market are Airbus, Boeing, Lockheed Martin, Stratasys.

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Other Prominent Vendors

Other Prominent Vendors in the market are Aerojet Rocketdyne, ExOne.

The report, Global 3D Printing in Low-Cost Satellite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Market driver
Rise in CubeSat development and deployment.

Market challenge
Limited economies of scale.

Market trend
Economically viable space travel.

3D printing involves the synthesis through the addition of successive layers of materials with the support of computerized control technology to design an object or component. This process allows manufacturers to produce small and micro-components of various shapes and size. It also allows the reduction of the overall weight of components, thus substantially reducing the overall weight of a satellite system.

The use of 3D printing in the manufacturing of low-cost satellites can ensure a reduction in manufacturing time, overall cost association, and wastage of materials. Therefore, the adoption of 3D printing in the satellite sector is anticipated to reflect long-term sustainability while ensuring enhancement in the overall performance of a low-cost satellite.

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