MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Frost & Sullivan
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

3D Print Technology Adoption in Aerospace Industry Ignites 20.3% Growth Rate Finds Frost & Sullivan - Market shift toward production of flight-worthy parts in the next five years will create significant growth opportunities that could take the market past $535.1 million by 2024, finds Frost & Sullivan - Frost.com
3D Print Technology Adoption in Aerospace Industry Ignites 20.3% Growth Rate Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2018/06/12 - Market shift toward production of flight-worthy parts in the next five years will create significant growth opportunities that could take the market past $535.1 million by 2024, finds Frost & Sullivan - Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Printing / Copier / Scanner Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Frost & Sullivan’s recent analysis of the Global 3D printing materials market for the aerospace industry reveals that the market is set to experience significant opportunities for rapid growth. Leading industry participants such as Boeing and Airbus intend to expedite the adoption of 3D printing technology to reduce supply chain complexities and costs, shorten time frames, enhance functionality and performance, and produce lighter and safer flight-worthy parts and products. Frost & Sullivan anticipates the global 3D printing materials market for the aerospace industry to reach $535.1 million by 2024, with an impressive compound annual growth rate of 20.3% between 2017 and 2024.

“The aerospace industry is witnessing a quantum change in terms of supply-chain re-arrangement as 3D printing manufacturing makes inroads,” said Sayan Mukherjee, Senior Research Analyst, Chemicals and Materials at Frost & Sullivan. “Material manufacturers with industry-qualified products have immense opportunity to cash in on double-digit growth.”

To gain a competitive advantage in a rapidly evolving market, Mukherjee recommends material manufacturers collaborate with machinery manufacturers such as Stratasys, EOS, and 3-D Systems to develop materials that are innovative, air-worthy, and suitable for large 3D printing. Leveraging new business models, designing products for different applications, and utilizing product bundling are further strategies to embrace.

Five key trends creating growth opportunities in the market include:

• Plastic filaments leading the 3D printing materials market, driven by their high adoption rate due to early availability of the technology;
• Metal powders having huge application potential in critical aircraft parts, including engine and static components;
• A market shift toward production of flight-worthy parts in the next five years;
• Boost to tooling applications through 3D printing; and
• The rationalization of prices over the next few years, making additive manufacturing (AM) a more desired solution.

“Although 3D printing greatly reduces cost involvement and turnaround time for short-volume production, the slow printing speed can be a hindrance to high-volume production until faster printing technology is available. Furthermore, the lack of clarity among end users regarding the medium- and long-term benefits of adopting 3D printing is a challenge to the industry,” noted Mukherjee.

Global 3D Printing Materials Market for the Aerospace Industry market intelligence identifies disruptive technologies, drivers and restraints, Mega Trends, market share and the competitive environment for players such as Stratasys, 3-D Systems, EOS GmbH, Arcam (GE), Covestro, Metalysis, DSM, Sandvik, Mitsubishi Chemicals, Solvay, SABIC, and Norsk Titanium. Unit shipment, revenue forecast, percent revenue forecast by product, and engineering measurements for segments such as plastic powders, plastic filaments, and metal powders are also provided.

Global 3D Printing Materials Market for the Aerospace Industry is part of Frost & Sullivan’s global Future of Chemicals, Materials, Infrastructure and Mobility Growth Partnership Service program.

About Frost & Sullivan
For over five decades, Frost & Sullivan (frost.com) has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global 3D Printing Materials Market for the Aerospace Industry / MDC9_39

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Printing / Copier / Scanner Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Printing / Copier / Scanner articles,
CATCH Visitors via Your Competitors Announcements!


3D Print Technology Adoption in Aerospace Industry Ignites 20.3% Growth Rate Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Jacqui Holmes - Frost.com 
jacqui.holmes[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Printing / Copier / Scanner via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Printing / Copier / Scanner Most Recent Related Newswires:

Datalogic Announces the New PowerScan™ 95X1 Auto Range (AR) Series
Datalogic Introduces Matrix™ 300N 2MP Reader
3D Printing and Lightweighting to Create a Dynamic Year for the Global Chemicals and Materials in Infrastructure and Mobility Application Sector
Agfa Sets A New Standard in Heatset and Coldset Printing with SPIR@L Technology
Global 3D Print Materials Market for Healthcare Industry Set for Quantum Change and 20.3% CAGR Growth from 2018 to 2025 Says Frost & Sullivan
European Digital Press Association (EDP) Rewards Agfa’s Jeti Tauro H3300 LED Large-format Printer for Setting New Standards
Datalogic Announces the Release of the Magellan™ 1500i Scanner
Agfa to Demo its Jeti Tauro H3300 LED Flagship At FESPA 2019 in Munich, Germany
Agfa to Demo Popular and Versatile Wide-Format Engines At ISA’s Sign Expo 2019
Extreme Visual Experience from Agfa’s Wide-Format Printing Solutions on Display At ISA’s Sign Expo 2019
Agfa Inspires European Printers At Exclusive Value Conference
Agfa-Gevaert Group Highlights Environmentally Friendly, Cardboard Coffin Producer, LifeArt
Agfa Partners with I-Sub Digital and Josero At Sign & Digital UK 2019
Hexagon Manufacturing Intelligence Division Unveils the Leica Absolute Tracker ATS600
Datalogic Unveils New Datalogic Gryphon™ 4500 Series of WIRELESS Scanners

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  RightITnow, Inc.





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)