Market Highlights:
Military 3D Printing Industry Trend Size is estimated to reach USD 6.230 Billion by 2027, registering a CAGR of 28% during 2018-2027
Lightweight aeroplane parts are produced using the 3D printing technology, which involves constructing three-dimensional things. The need for 3D printing is rising as a result of the expanding capabilities of additive manufacturing. The growth of this market will be constrained by a few drawbacks, such as the high cost of 3D printed parts and the absence of standard process control. During the forecast period, the market for military 3D printing is anticipated to grow at a CAGR of 28%.
In contrast, Stratasys Ltd. and Airbus agreed to a contract in 2017 for the production of 3D printed polymer parts for the A350 XWB aircraft. In order to develop cutting-edge manufacturing capabilities for 3D printing in the aerospace and defence industries, 3D Systems and the Air Force Research Laboratory (AFRL) inked a contract in 2015. Additionally, the market has grown as 3D printing has become more prevalent in the product development process for defence companies.
Key Players:
The key players in Military 3D Printing Industry Trend are
Stratasys (U.S.), 3D Systems Corporation (U.S.), The Exone Company (U.S.), EOS GmbH (Germany), Arcam AB (Sweden), Norsk Titanium AS (U.S.), American Elements (U.S.), Cimetrix Solutions (Canada), Artec Europe (Luxembourg), 3T RPD (U.K), Optomec Inc. (Mexico), Initial (France), Markforged (U.S.), Smg3D (U.K), and Engineering Manufacturing Services (U.S.)
Market Segmentation:
The scope of the study segments the Military 3D Printing Industry Trend through its offering, application, platform, process, technology, and region.
By Offering
Printer, Material, Software, Service
By Application
Functional Part Manufacturing, Tooling, Prototyping
By Platform
Airborne, Land, Naval, Space
By Process
Power Bed Fusion, Material Extrusion, Vat Photo Polymerisation, Material Jetting, Binder Jetting, Direct Energy Deposition, Sheet Lamination
By Technology
Stereo Lithography, Fuse Deposition Modelling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing
By Region
North America, Europe, Asia-Pacific, Middle East Africa, Latin America
Regional Analysis:
The Military 3D Printing Industry Trend is examined in this study, which tracks five market sectors across five geographical areas. With a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, the Middle East Africa, and Latin America, the study examines important players. The research also includes a prediction, concentrating on the market prospects for each region over the following five years.
The market is divided into Latin America, North America, Asia-Pacific, Europe, the Middle East, and Africa. The market in North America will grow as 3D printing technology becomes more widely used in a variety of sectors. The Asia-Pacific market will grow as a result of the increased military spending in nations like China and India.
Full report @ https://www.marketresearchfuture.com/reports/military-3d-printing-market-6276
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