NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET FORECAST 2023-2032
The North America additive manufacturing in aerospace & defense market is evaluated to develop with a CAGR of 19.89% during the forecasting period of 2023-2032, acquiring a revenue share of $6682.26 million by 2032.
NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET FORECAST 2023-2032
North America Additive Manufacturing in Aerospace & Defense Market by Material (Alloys, Special Metals) Market by Manufacturing (in-house, OEM) Market by Application (Commercial Aviation, Defense, Spacecraft) by Geography
The North America additive manufacturing in aerospace & defense market is evaluated to develop with a CAGR of 19.89% during the forecasting period of 2023-2032, acquiring a revenue share of $6682.26 million by 2032.
The North America additive manufacturing in aerospace & defense market growth is driven by key factors, such as the increasing focus on aircraft that are fuel-efficient as well as heavy investments in technological advancements. In addition, R&D efforts by major players, such as the Boeing Company and GE Aviation, are expected to further propel the region’s market growth.
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The North America additive manufacturing in aerospace & defense market growth study entails the evaluation of the United States and Canada. Leading industry players in the United States have embraced additive manufacturing technologies, thus escalating the market demand. For example, the Boeing Company has been an eminent contender in the additive manufacturing field over the years, predominantly in the avenue of satellites, manufacturing the first 3D-printed antenna in the year 2019. The company also observed significant success utilizing AM technology in order to print components of its SES-15 spacecraft. In addition, Lockheed Martin, in 2023, partnered with Relativity Space for an upcoming NASA mission, entailing the construction of customized rockets.
Conversely, infrastructural investments by industry players, coupled with the support offered by local authorities toward technological advancements, have played a pivotal role in positioning the United States as the dominating nation in the North America additive manufacturing in aerospace & defense market. Aligning with this, in September 2021, a nano and microsatellite developer, Terran Orbital, announced a $300 million investment toward one of the largest commercial spacecraft facilities in Florida. The facility expands across 660,000 sq ft. and leverages a wide range of additive manufacturing technologies. This factor, in turn, has facilitated the manufacturing of thousands of space components in a year. Hence, such developments are set to propel the additive manufacturing in aerospace & defense market growth in North America during the forecasted years.
The North America additive manufacturing in aerospace & defense market is segmented into material, manufacturing, and application. The material segment includes alloys and special metals. Special metals comprise a range of materials, including titanium, platinum, gold, silver, and palladium. They are predominantly used in structural components of spacecraft or jet aircraft, enabling enterprises to explore design as well as manufacturing liberty. Furthermore, the potential to raise production capabilities by leveraging additive manufacturing technologies through space metals is also a significant market accelerator.
For example, in February 2021, Orbex announced its plans to build a large-volume 3D printer for the production of its rocket engines. Following the printer’s post-conclusion, the company will be able to manufacture over 35 rocket engines annually. The made-in-space concept has also encouraged various startups and leading organizations to invest in additive manufacturing technologies.
Some of the major enterprises operating in the North America additive manufacturing in aerospace & defense market are Safran SA, Airbus SE, Aerojet Rocketdyne, etc.
Aerojet Rocketdyne, headquartered in the United States, is involved in the manufacturing as well as designing of advanced propulsion and energetics systems for customers, including NASA, the US Department of Defense, as well as other agencies and companies, situated both in the United States and internationally. The company also offers a holistic range of propulsion and power systems for satellites, launch vehicles, strategic missiles, space vehicles, tactical systems and armaments, and missile defense.
Report Synopsis
|
Report Scope |
Details |
| Market Forecast Years | 2023-2032 |
| Base Year | 2022 |
| Market Historical Years | 2018-2022 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Material, Manufacturing, Application |
| Countries Analyzed | The United States and Canada |
| Companies Analyzed |
Aerojet Rocketdyne, Airbus SE, GE Aviation, Honeywell International Inc, Lockheed Martin Corporation, Moog Inc, Raytheon Technologies, Safran SA, Thales Group, The Boeing Company |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- MAJOR MARKET FINDINGS
- THE MARKET IS PRICE SENSITIVE
- GOVERNMENT SUPPORT ENABLES COMPANIES TO EXPAND THEIR BUSINESS THROUGH NEW DEFENSE CUSTOMERS
- SIGNIFICANT RISE IN THE NUMBER OF 3D PRINTING-RELATED PATENT APPLICATIONS
- MARKET DYNAMICS
- KEY DRIVERS
- FASTENED PRODUCTION TIMELINES
- SUPPLY CHAIN DISRUPTIONS
- INCREASED EFFICIENCY REQUIREMENTS
- MINIMAL PROCESSING AND MANUFACTURING COSTS
- REDUCED RAW MATERIAL USAGE
- KEY RESTRAINTS
- HIGH EQUIPMENT COSTS
- TECHNOLOGICAL INTEGRATION CHALLENGES
- MATERIAL STANDARDIZATION & CERTIFICATION
- KEY DRIVERS
- KEY ANALYTICS
- PARENT MARKET ANALYSIS
- KEY TECHNOLOGY TRENDS
- ADDITIVE MANUFACTURING PROCESS CATEGORIES
- BINDER JETTING
- MATERIAL JETTING
- POWDER BED FUSION
- DIRECTED ENERGY DEPOSITION
- SHEET LAMINATION
- VAT PHOTO-POLYMERIZATION
- MATERIAL EXTRUSION
- REGULATORY STANDARDS FOR ADDITIVE MANUFACTURING
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET MATURITY ANALYSIS
- MARKET CONCENTRATION ANALYSIS
- MARKET BY MATERIAL
- ALLOYS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SPECIAL METALS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- ALLOYS
- MARKET BY MANUFACTURING
- IN-HOUSE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OEM
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- IN-HOUSE
- MARKET BY APPLICATION
- COMMERCIAL AVIATION
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- DEFENSE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SPACECRAFT
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- COMMERCIAL AVIATION
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET DRIVERS
- NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET CHALLENGES
- KEY PLAYERS IN NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET
- COUNTRY ANALYSIS
- UNITED STATES
- UNITED STATES ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET SIZE & OPPORTUNITIES
- CANADA
- CANADA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET SIZE & OPPORTUNITIES
- UNITED STATES
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- AEROJET ROCKETDYNE
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- AIRBUS SE
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- GE AVIATION
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- HONEYWELL INTERNATION INC
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- LOCKHEED MARTIN CORPORATION
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- MOOG INC
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- RAYTHEON TECHNOLOGIES
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- SAFRAN SA
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- THALES GROUP
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- THE BOEING COMPANY
- COMPANY OVERVIEW
- PRODUCTS
- STRENGTHS & CHALLENGES
- AEROJET ROCKETDYNE
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE
TABLE 2: ADDITIVE MANUFACTURING PROCESS CATEGORIES
TABLE 3: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY MATERIAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 5: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY MANUFACTURING, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY MANUFACTURING, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 7: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 11: KEY PLAYERS OPERATING IN NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY TECHNOLOGY TRENDS
FIGURE 2: BINDER JETTING
FIGURE 3: MATERIAL JETTING
FIGURE 4: POWDER BED FUSION
FIGURE 5: DIRECTED ENERGY DEPOSITION
FIGURE 6: SHEET LAMINATION
FIGURE 7: VAT PHOTO-POLYMERIZATION
FIGURE 8: MATERIAL EXTRUSION
FIGURE 9: STRUCTURE OF ADDITIVE MANUFACTURING STANDARDS FOR ATSM & ISO
FIGURE 10: PORTER’S FIVE FORCES ANALYSIS
FIGURE 11: GROWTH PROSPECT MAPPING
FIGURE 12: MARKET MATURITY ANALYSIS
FIGURE 13: MARKET CONCENTRATION ANALYSIS
FIGURE 14: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2022
FIGURE 15: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY ALLOYS, 2023-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY SPECIAL METALS, 2023-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, GROWTH POTENTIAL, BY MANUFACTURING, IN 2022
FIGURE 18: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY IN-HOUSE, 2023-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY OEM, 2023-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 21: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY COMMERCIAL AVIATION, 2023-2032 (IN $ MILLION)
FIGURE 22: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY DEFENSE, 2023-2032 (IN $ MILLION)
FIGURE 23: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, BY SPACECRAFT, 2023-2032 (IN $ MILLION)
FIGURE 24: NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 25: UNITED STATES ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, 2023-2032 (IN $ MILLION)
FIGURE 26: CANADA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET, 2023-2032 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET DRIVERS
- NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET CHALLENGES
- KEY PLAYERS IN NORTH AMERICA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET
- COUNTRY ANALYSIS
- UNITED STATES
- UNITED STATES ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET SIZE & OPPORTUNITIES
- CANADA
- CANADA ADDITIVE MANUFACTURING IN AEROSPACE & DEFENSE MARKET SIZE & OPPORTUNITIES
- UNITED STATES
- NORTH AMERICA
- MARKET BY MATERIAL
- ALLOYS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SPECIAL METALS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- ALLOYS
- MARKET BY MANUFACTURING
- IN-HOUSE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OEM
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- IN-HOUSE
- MARKET BY APPLICATION
- COMMERCIAL AVIATION
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- DEFENSE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SPACECRAFT
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- COMMERCIAL AVIATION
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