Top Insights on the Commercial Aerospace 3D Printing Market | Technavio

LONDON–(BUSINESS WIRE)–#3DPrinting–The global
commercial aerospace 3D printing market is expected to grow at a
CAGR of around 23% during the period 2017-2021, according to a new
market research study by Technavio.

The report categorizes the global commercial aerospace 3D printing
market by 3D printing vertical that include printing technologies and
materials. The report also determines the geographic breakdown of the
market in terms of detailed analysis and impact, which includes key
geographies such as APAC, the Americas, and EMEA.

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Market driver: improved part performance with weight reduction

3D printing technology has provided designers with the freedom to
explore complex part designs that can deliver maximum performance. It
also facilitates the integration of parts. With conventional methods of
product manufacturing, designers were required to check for feasibility
based on manufacturing constraints involved. For instance, sheet and
wire cannot be produced by casting. 3D printing has no such restrictions
and the flexibility in design and production can be ensured.

According to Ramyabrata Chakraborty, a lead analyst at Technavio for aerospace
manufacturing research, “With 3D printing, it is possible to
produce lightweight structures for prototyping the final product. The
technology enables the creation of intricate geometries that can
drastically reduce the weight of a component while maintaining its
structural strength. The reduction in weight assists designers in
achieving lower material costs along with fuel savings. In the aerospace
industry, reducing the overall weight of components is crucial for
lowering fuel consumption and carbon dioxide emissions.”

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Market trend: combining 3D printing with traditional manufacturing

The trend of 3D
printing is in its initial phase of development. Nevertheless, it
has had a wide impact on several manufacturing industries. Researchers
have paired traditional manufacturing with 3D printing and are
anticipating greater profitability with this combination. For instance,
in October 2015, Siemens launched the new NX Hybrid additive
manufacturing software that uses conventional manufacturing and additive
manufacturing for production. It is a hybrid process that combines
conventional processes such as boring, milling, and grinding with
additive manufacturing such as 3D printing. The company used the laser
deposition process for building burner heads of gas turbines with metal
powder. The burner was developed in innovative shapes such as honeycomb.

Market challenge: restriction for build-up envelope and
product size

An aircraft consists of very large components and the acceptance of 3D
printing will depend on how these products can be produced using this
technology. Most technologies offer systems with limited scope that
makes 3D printing applicable for only small components. This is
applicable to almost all 3D printing processes, but the major issue in
aircraft is with powder bed fusion process a widely applied technology
for metal printing.

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Some of the vendors in the market

• Arcam
• EOS
• Arconic
• ExOne
• GKN
• Höganäs
• Materialise
• Stratasys

The global
aerospace 3D printing market is still in its innovative stage and
the advantages of using 3D-printed components have piqued wide interest
from aircraft manufacturers. Many manufacturers are investing in R&D to
bring innovation in the product and gain more market shares. There is a
growing possibility of change in the market share of key vendors as new
entrants may offer a comprehensive array of parts and components in a
financially viable way.

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