Aerospace 3D Printing Market 2016 Share, Trend and Forecast Aerospace 3D Printing Market

Aerospace 3D Printing Market - Global Industry
Analysis, Size, Share, Growth and Trends 2016 -
2024
3D printing of parts is a new technology that has come up with the potential to
transform the way enterprises build new products, including parts for defense and
aerospace. This new manufacturing process is known as 3D printing or additive
manufacturing. This technology involves manufacturing physical objects by printing
one layer at a time, using special material deposition devices and digital models.
This generation’s 3D printing equipment has evolved in a short span of time and is
capable of producing complex components among different types of materials
which includes titanium, steel, aluminum, and different variety of plastics. Thus
because of its potential, 3D printing is gaining importance in various manufacturing
and fabricating sectors.
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The aerospace sector recognizes the unique competence of 3D printing and is
pursuing ways to exploit these competences. For example, Boeing is utilizing 3D
printing to manufacture plastic interior parts out of nylon and polyetherimide for
their test evaluation and prototype units. Boeing is utilizing 3D printing technology
to swiftly manufacture tools for making composite parts. Additionally Pratt &
Whitney aerospace company is investing extensively in a state-of-the-art 3D
manufacturing center in association with the University of Connecticut. The 3D
printing technology in the aerospace sector, generally in plastic, has developed into
a mainstream prototype fabrication practice of aerospace parts. This technology
empowers designers to skip the fabrication of tools and go straight to finished parts.
Although printing a prototype component may consume several hours, it is still
considerably faster than manufacturing tools that are then used to manufacture
prototype parts. This capability to swiftly manufacture prototypes allows engineers
to authenticate design concepts much faster, thus speeding up the overall
improvement process.
The major drivers driving the aerospace 3D printing market are factors such as
efficient use of raw materials, accuracy, customizable product creation and
reduction of errors while manufacturing of parts. The above mentioned factors are
going to push the 3D printing market towards its growth during the forecasted
period from 2016 – 2024.