PUBLISHER: IMARC | PRODUCT CODE: 1635923
PUBLISHER: IMARC | PRODUCT CODE: 1635923
The global aerospace additive manufacturing market size reached USD 5.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 19.6 Billion by 2033, exhibiting a growth rate (CAGR) of 15.55% during 2025-2033. Flourishing research and development (R&D) activities and the rising need for lowering carbon footprint through aircraft weight reduction are acting as major factors driving the market towards growth..
Additive manufacturing (AM) refers to the process utilized to manufacture prototypes with 3D computer-aided design (CAD). AM in the aerospace industry is used to manufacture aircraft parts, more efficient engines and 3D-printed turbines. It involves the process of creating an object by building it one layer at a time in precise geometric shapes. Aerospace AM uses various materials for manufacturing parts and components, such as metal alloys, ceramics, plastic, and rubber. It offers improved part performance, reduces weight, cost, and time, and helps to remove design and production constraints. As compared to traditional manufacturing methods, aerospace AM is a commercially viable alternative that facilitates complex geometries and mass customization of parts and reduces raw material wastage.
The increasing demand for manufacturing customized, high-quality parts and components are one of the key factors driving the market growth. Aerospace AM is widely used to produce grips, jigs, and fixtures at low costs. In line with this, the widespread adoption of AM helps to fabricate parts with premium materials with small production runs and short turnaround times, which is favoring the market growth. Moreover, the rising demand for customized and complex design components is acting as another growth-inducing factor. Aerospace AM helps to achieve complex and customized parts, such as engines, brackets, ducting, and seat belt buckles. Apart from this, the integration of artificial intelligence (AI) with aerospace AM to detect manufacturing errors in real-time, monitor and adjust the 3D printing process and quickly detect geometrical distortions, is providing an impetus to the market growth. Additionally, the increasing utilization of AM in the aerospace industry as it offers a level of precision and helps to attain more intricate designs, which, in turn, is positively influencing the market growth. Furthermore, the escalating demand for AM to reduce the weight of compressor vanes, diffusers, acoustic attenuation devices, and heat exchangers, and deliver complexity and performance targets is facilitating the market growth. The market is also driven by the increasing demand for 3D printed parts or prototype parts from the aerospace industry and extensive research and development (R&D) activities. Other factors, such as rising concerns for reducing carbon footprint through aircraft weight reduction, thus consequently diminishing the fuel requirement, and the rising demand for green manufacturing solutions, are supporting the market growth.
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