Metallurgy Additive Manufacturing for Aerospace: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023
- 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 metallurgy
- Additive Manufacturing Infrastructure
- Metal AM
- Metallurgy Additive Manufacturing Tooling
- Metals and alloys
- Nanoparticles Theory and Computational Mechanical Properties
LEXINGTON, Massachusetts (November 10, 2017) – WinterGreen Research announces that it has published a new study Metallurgy Additive Manufacturing for Aerospace: Market Shares, Strategy, and Forecasts, Worldwide, 2017 to 2023. The 2017 study has 224 pages, 99 tables and figures. Worldwide markets are poised to achieve continuing growth as the metallurgy additive manufacturing for aerospace decreases the cost of manufacture and increases efficiency in process. Lowering product manufacturing costs is a key benefit.
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.
According to Susan Eustis, lead author of the team that wrote the study, “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.”
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. 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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- Bright Laser Technologies
- GE / Concept Laser / Arcam
- 3D Systems / Boeing
- Aerojet Rocketdyne
- 3D Systems
- Aerojet Rocketdyne
- American Standard
- Bright Laser Technologies
- Carpenter Technology
- CFM International
- Concept Laser
- Desktop Metal --
- DMG Mori
- GE Additive:
- GE / Arcam AB
- GE / Concept Laser
- Hewlett Packard
- Höganäs Group / Digital Metal
- Lockheed Martin
- Materialise NV
- Norsk Titanium
- Phoenix Scientific Industries Ltd (PSI),
- Praxair Powders
- H.C. Starck
- Tekna Group
- Trumpf adds Fraunhofer’s Extreme High-Speed Laser Deposition Welding Process
- United States Metal Powders
- Voestalpine AG
This is the 724th report in a series of market research reports that provide forecasts in communications, telecommunications, the internet, computer, software, and telephone equipment. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary databases. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participation in the segment. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, and companies seeking to develop measurable market share. Over 200 in-depth interviews are conducted for each report with a broad range of key participants and opinion leaders in the market segment.
About the Company
WinterGreen Research, founded in 1985, provides strategic market assessments in telecommunications, communications equipment, health care, and advanced computer technology. Industry reports focus on opportunities that will expand existing markets or develop major new markets. The reports assess new product and service positioning strategies, new and evolving technologies, and technological impact on products, services, and markets. Market shares are provided. Leading market participants are profiled, and their marketing strategies, acquisitions, and strategic alliances are discussed. The principals of WinterGreen Research have been involved in analysis and forecasting of international business opportunities in telecommunications and advanced computer technology markets for over 30 years.
About the Principal Author
Susan Eustis, President, co-founder of WinterGreen Research, has done research in communications and computer markets and applications. She holds several patents in microcomputing and parallel processing. She is the author of recent studies of the Service Oriented Architecture (SOA) marketing strategies, Internet software, a study of Push to Talk Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, Business Process Management, Servers, Blades, the Mainframe as a Green Machine, and Application Server markets. Ms. Eustis is a graduate of Barnard College.