PUBLISHER: Inkwood Research | PRODUCT CODE: 1277642
PUBLISHER: Inkwood Research | PRODUCT CODE: 1277642
The France additive manufacturing in aerospace & defense market is set to increase with a 20.39% CAGR during the forecast period of 2023 and 2030. Key market growth drivers include increased new aircraft orders, local aerospace composite supply chain expansion, the establishment of innovation centers, and strategic partnerships with composite suppliers.
France is one of the global leaders in aerospace research and development (R&D) and manufacturing, with its industry supported by prominent aerospace companies forming partnerships with local and international composite suppliers. As new aircraft orders surged during 2020 and 2021, the local aerospace composite supply chain experienced significant growth, expected to continue throughout the forecast period.
Capitalizing on this opportunity, one prominent company established three innovation centers in France in September 2021 in Toulouse, Nantes, and Tarbes. These facilities are designed to serve the company's core businesses: logistics, aerospace equipment, and aircraft manufacturing.
This expansion highlights France's commitment to maintaining its position as a leading aerospace hub, offering innovative solutions in composite materials and manufacturing processes. The continuous growth in the aerospace composite supply chain and investment in state-of-the-art facilities ensure the nation's competitiveness in the global additive manufacturing in aerospace & defense market.
Major market players include: Thales Group, Raytheon Technologies, GE Aviation, etc.