Lewes, DE -- (SBWIRE) -- 12/05/2016 -- Report forecast the global aerospace 3D printing market to grow at a CAGR of 55.85% during the period 2016-2020.

3D printing manufacturing refers to the process of synthesizing successive layers of materials with the support of computerized control technology to create an object or component. This process empowers manufacturers to produce small and micro-components of almost any shape or size. It also allows the manufacturers to reduce the overall weight of the components, thus substantially reducing the overall weight of an aircraft. This innovative printing method allows cost-efficient and just-in-time (JIT) manufacturing of parts. It also permits quick design and rapid changes of internal features of the components, which would not be possible with traditional manufacturing methods.

The report covers the present scenario and the growth prospects of the global aerospace 3D printing market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market from the procurement of aircraft components and subsystems that are manufactured using 3D printing technology.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the primary drivers in the market is miniaturization of jet engines. 3D printing not only contributes to the overall weight reduction of the aircraft but also enables miniaturization of aircraft components. This, in turn, results in fuel efficiency and a lower operating cost. When a gas turbine utilizes pulsed injection of fuel instead of a constant injection, the pressure in both the compressor and combustion chamber increases. This enables the design of smaller and lighter compressor systems, which saves a considerable amount of fuel. The pulsed injection, however, results in periodic blockage and detonations, and the resultant shock waves affect the other parts of the engine.

Further, the report states that one major challenge in the market is 3D printing cannot replace conventional manufacturing. With greater disruptiveness of the additive manufacturing technologies, 3D-printed joints are expected to be increasingly used across the aerospace domain. However, it will not replace traditional components in all aspects. Instead, it will act as a high-performance tool with numerous capabilities to improve conventional methodologies. 3D-printed components are often produced by joining or fusing two separate, homogeneous materials. These parts are usually difficult to separate, thus projecting a challenge during recycling. The proprietary 'hyper joint' technology by Airbus represents such a challenge. Airbus is already working toward developing the most economically viable way of separating the parts of the joint.

Global Aerospace 3D Printing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global aerospace 3D printing market: Airbus, Boeing, GE, Honeywell International, and Rolls-Royce.

Other prominent vendors in the market are: AERIA Luxury Interiors, JBRND, Moog, MTU Aero Engines, Norsk Titanium, and Pratt & Whitney.

Market driver
- Convenience in printing larger components.
- For a full, detailed list, view our report

Market challenge
- Convenience in printing larger components.
- For a full, detailed list, view our report

Market trend
- Influence of 3D printing on aircraft interiors.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 57 pages and 23 Exhibits "Global Aerospace 3D Printing Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-aerospace-3d-printing-market-2016-2020

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