PUBLISHER: Inkwood Research | PRODUCT CODE: 1277641
PUBLISHER: Inkwood Research | PRODUCT CODE: 1277641
The North America additive manufacturing in aerospace & defense market is anticipated to rise with a 19.89% CAGR during the forecast period, 2023-2032. Research and development initiatives, establishing metal additive manufacturing facilities, government support, and international exhibitions fostering collaboration and showcasing technological advancements drive the regional market.
The North America additive manufacturing in aerospace & defense market growth evaluation includes a thorough study of Canada and the United States. The Canadian market relies heavily on the United States and its economic infrastructure. Initiatives undertaken by companies and educational institutions to research, develop, and establish metal additive manufacturing facilities in the region are expected to create a positive ripple effect in the coming years. For instance, in January 2021, a prominent Canadian university partnered with the National Research Council of Canada (NRC) for a seven-year R&D project to advance metal additive manufacturing technologies.
Various accelerator programs and government initiatives aim to integrate metal additive manufacturing technologies across multiple sectors, supporting market opportunities in the coming years. Exhibitions and technological expos organized in Canada enable the region to closely monitor existing market technologies and future trends. Such developments paint a positive outlook for the Canadian market during the forecast period, highlighting the nation's commitment to advancing metal additive manufacturing and fostering international collaborations.
Leading market players operating include: GE Aviation, Aerojet Rocketdyne, Lockheed Martin Corporation, etc.