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Metallurgy Additive Manufacturing for Aerospace Market Is Forecasted To Reach USD 20.9 Billion By 2024: Hexa Reports

Metallurgy Additive Manufacturing for Aerospace Market Is Forecasted To Reach USD 20.9 Billion By 2024: Hexa Reports

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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.

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.

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“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.”

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.

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Companies Profiled

• Bright Laser Technologies
• GE / Concept Laser / Arcam
• 3D Systems / Boeing
• SpaceX
• Aerojet Rocketdyne

Market Participants

• 3D Systems
• Aerojet Rocketdyne
• Airconic
• Airbus
• Alcoa
• American Standard
• BASF
• Boeing
• Bright Laser Technologies

Browse All Defense Industry Research Related Reports @ http://www.hexareports.com/category/defense-market

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

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About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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