DUBLIN, June 15, 2021 /PRNewswire/ -- The "Global Additive Manufacturing in Defense and Aerospace - Market and Technology Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global market revenue generated by this sector accounts for USD 1.36 Billion in the year 2020 and it is anticipated to reach a value of around USD 7.08 Billion by the year 2028. The market growth dynamics account for a CAGR of 20.11% during the forecast period, 2020-2028.

North America is expected to dominate the global market with a market value of USD 2.83 Billion owing to the increasing R&D investment in this sector coupled with an infrastructure that supports the same.

The early adoption of 3D printing technology in North America is another factor that fuels its market growth. Europe is expected to be the second-largest market due to the growing industrialization coupled with the low production cost of additive manufacturing. ROW is expected to grow with the highest CAGR of 35.71%.

Additive manufacturing is the process of building complex and precise products with the help of software integrated design techniques. This technology makes use of CAD (Computer-Aided Design) or 3D object scanners to take precise measurements of the product to be custom designed.

The material of construction used to produce these 3-D models are environmentally sustainable since they can be recycled. Increasing utilization of ecologically friendly technology that helps with environmental conservation and the rising awareness with regards to green technology further propels the growth of this market. Low cost of creating a product coupled with easy customization of the same impacts the market positively.

Additive manufacturing has started to become a tool for designing, testing, tooling, and manufacturing in the aerospace sector which extends beyond the manufacture of aircraft into ground assistance, maintenance, and repair systems. Additive manufacturing allows manufacturers in the aerospace industry to become more cost-effective, competitive, and successful in selling new products. Irrespective of the end-use in prototyping, tooling, or on-spot manufacturing; additive manufacturing is an essential capability to be adopted in this globalized world and remain competitive.

Repair parts are manufactured on demand where and when necessary such as in extreme environments, on a ship or on the battlefield. This has a particularly high effect on military supplies where a large amount of inventory is continually maintained to ensure readiness for operations. It could also lead to increased reliability and a significant decrease in both delivery times and logistical footprint essential for warfare and peacekeeping missions to run smoothly.

There are still technological difficulties to be addressed to completely achieve additive manufacturing capabilities such as the testing of the parts manufactured to ensure that they are not going to fail in operation.

The report is aimed at:

Country Analysis

Key Topics Covered:

1 Introduction1.1 Objective1.2 Market Introduction1.3 Market Scope1.4 Methodology1.5 Scenario based Forecast1.6 Who will benefit from this report?1.6.1 Business Leaders & Business Developers1.6.2 Additive Manufacturing Professionals1.6.3 Policy Makers, Budget Planners and Decision Makers1.6.4 Civil Government Leaders & Planners1.6.5 Financial analysts, Investors, Consultants1.7 Language

2 Executive Summary2.1 Additive Manufacturing in Defense & Aerospace, Market Trends and Insights2.2 Top Five Major Findings2.3 Major Conclusion2.4 Important Tables and Graphs

3 Current Market Overview of the Global Additive Manufacturing Market in Defense & Aerospace3.1 Introduction3.2 A Brief History of Additive Manufacturing3.3 Capabilities of AM in Defense & Aerospace3.3.1 Integrating AM in the Design Workflow3.3.2 Case Study (Manufacturing of Satellite Parts)3.3.3 AM Materials for Aerospace Applications3.3.4 AM Applications for Defense3.3.5 Significant Projects3.4 Standards for Additive Manufacturing

4 Current Market Trends of the Global Additive Manufacturing Market in Defense & Aerospace4.1 Additive Manufacturing Process Categories4.1.1 Binder Jetting4.1.2 Material Jetting4.1.3 Powder Bed Fusion4.1.4 Directed Energy Deposition4.1.5 Sheet Lamination4.1.6 Vat Photopolymerization4.1.7 Material Extrusion4.2 Recent Experiences in the Operations Field4.2.1 European Experience4.2.2 The U.S. Experience4.3 Plastic and other Non-Metal Processes4.4 Metal Processes

5 Market Technologies5.1 Satellite Fuel Tank5.2 3D Printed Firearms5.3 Unmanned Vehicles5.4 3D Printed Food in Space5.5 Grips, Jigs & Fixtures5.6 Brackets5.7 Cold Spray5.8 D-Shape Technology5.9 Contour Crafting

6 Market Dynamics6.1 Drivers6.1.1 Faster Time to Market6.1.2 Supply Chain Disruption6.1.3 Increased Spending in Defense and Aerospace6.1.4 Increased efficiency requirements6.1.5 Reduced Raw Material Usage6.1.6 Increased Design Confidence6.1.7 Improvements in Technology6.1.8 Obsolete Part Manufacturing6.1.9 Asset Optimization6.2 Restraints6.2.1 Cost of Equipment6.2.2 Lack of Expertise6.2.3 Size Limitations6.3 Challenges6.3.1 Material Standardization6.3.2 Certification6.3.3 Process Control6.3.4 Environment and Health Safety

Company Profiling

For more information about this report visit https://www.researchandmarkets.com/r/cjk5n0

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Global Defense and Aerospace Additive Manufacturing Market and Technology Report 2021-2028 - PRNewswire