The key players are 3D Systems, GE, Stratasys, Desktop Metal, EOS, Renishaw, SLM Solutions, TRUMPF, Xi’an Bright Laser Technologies(BLT), Velo3D, etc. In 2023, top five players hold a share approximately 56.82% in terms of revenue in global 3D Printing Machine for Aerospace.

3D printing is a process of making three dimensional solid objects from a digital file. The term “3D printing” covers a variety of processes in which material is joined or solidified under computer control to create a three-dimensional object, with material being added together, typically layer by layer. 3D printing has many advantages in aerospace industry.

3D printing for aerospace industry can streamline and simplify the design workflow, produce lighter, stronger parts, consolidate multiple parts into one single part, minimize waste of extremely expensive raw materials, and more. 3D printing for Aerospace has delivered higher flexibility, shorter lead times and a more economical means of production.

Based on consumption, North America region is expected to hold the largest share in the 3D printing for aerospace market, 48.03% in 2023 and this region provides more business opportunities during the forecast period. Europe will follow to occupy the second position with approximately 24.90% of the global revenue market share in 2023. On the other hand, the Asia-Pacific is expected to see lucrative growth during the forecast period, APAC segment will grow the fastest due to the rising demand for 3D printing for aerospace.

Aerospace industry has relatively low production volumes, complex part geometries, and the need for lighter, more efficient parts. Improvements in the size of industrial 3D printers, the speed at which they print and greater design and material flexibility are helping make 3D printing a more viable manufacturing method – especially for low to medium-volume production runs of high-value, geometrically complex items.

3D printing is ideally suited to the needs of Aerospace industry. As 3D printing technology becomes more widely adopted, the 3D Printing for Aerospace Market is anticipated to reach US$ 2.17 billion by 2029, and it is expected to grow at a CAGR of 16.55% during the forecast period 2023-2029.