Worldwide Metallurgy Additive Manufacturing for Aerospace: Market Shares, Strategies, and Forecasts 2017 to 2023

Posted on 2017-11-22 by Mark Hub in Aerospace // 0 Comments

Albany, US, 2017-Nov-22 — /EPR Network/ — Market Research Hub (MRH) has recently broadcasted a new study to its broad research portfolio, which is titled as “Metallurgy Additive Manufacturing for Aerospace: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023”, report studies Worldwide markets are poised to achieve continuing growth as the metallurgy additive manufacturing for aerospace decreases the cost of manufacture and increases efficiency in process. Lowering product manufacturing costs is a key benefit.

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Additive manufacturing presents the opportunity to completely, rethink a product’s design, transforming its functionality and reducing manufacturing complexity. This is a disruptive technology that is transformational. Aerospace companies and government programs are focusing on the advance of metal 3D printing for aerospace engine applications in 2017. Advances have been able to make commercial additive manufacturing a reality.

Aerospace and defense customers leverage 3D systems industry-leading solutions and expertise. Vendors seek to deliver productivity in increasing speed and reliability of quality assurance and validation processes, lowering fuel costs through light weighting and parts consolidation, and increasing manufacturing productivity through innovative 3D printed casting patterns, 3D data recovery, injection-mold design, and direct metal printing of airworthy parts.

“Metal 3D printing is at its beginning stages. It is poised to grow to new levels in the aerospace industry and beyond. A key advantage of 3D printing is that it removes constraints found with traditional manufacturing, reducing cycle time and production costs. Manufacturing companies in various industries use FDM Technology and realize benefits.”

The global market for metallic additive manufacturing for aerospace at $1.9 billion in 2016, $2.2 billion in 2017 is forecast to reach $20.9 billion by 2024. Market growth comes from the economies of scale achieved by building metal parts in layers instead of using cutting. Coherent designs make a difference, fostering market growth. The metal parts are structural, making metal additive manufacturing a core business.

Companies Profiled

Bright Laser Technologies

GE / Concept Laser / Arcam

3D Systems / Boeing

SpaceX

Aerojet Rocketdyne

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Market Participants

3D Systems

Aerojet Rocketdyne

Airconic

Airbus

Alcoa

American Standard

BASF

Boeing

Bright Laser Technologies

Carpenter Technology

Cerevo

CFM International

Concept Laser

Desktop Metal —

DMG Mori

EOS

Farsoon

GE Additive:

GE / Arcam AB

GE / Concept Laser

Hewlett Packard

Höganäs Group / Digital Metal

Honeywell

Kymera

Lockheed Martin

Lumex

Markforged

Materialise NV

NanoSteel

NASA

Norsk Titanium

Optisys

Phoenix Scientific Industries Ltd (PSI),

Praxair Powders

Renishaw

Sciaky

Siemens

SpaceX

H.C. Starck

Stratasys

Tekna Group

Thales

Titomic

Trumpf adds Fraunhofer’s Extreme High-Speed Laser Deposition Welding Process

United States Metal Powders

Voestalpine AG

Key Topics

Metallurgy Additive Manufacturing

Additive Manufacturing for Aerospace

Lowering the Total Cost of Manufacturing

3D Printing

AM Revolution

Fabricated metal

Modeling processes

Powder metallurgy

Wire metalurgy

Additive Manufacturing Infrastructure

Additive

Aerospace

Metal AM

Metallurgy Additive Manufacturing Tooling

Metals and alloys

Nanoparticles Theory and Computational Mechanical Properties

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About Market Research Hub:

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of defense and security market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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