Aerospace and defence 3D printing market worth $5.9 billion by 2026
The global aerospace and defence 3D printing market is currently estimated at $1.56 billion (£1.22 billion) and is expected to grow to $5.9 billion (£4.63 billion) by 2026 at a CAGR of around 15.93%. This is according to a new report from ResearchandMarkets.
The cumulative market is expected to amount to £234.8 billion during the forecast period.
Key drivers of the market are identified as a reduction in overall manufacturing time and a reduction in raw material, which translates into direct cost saving and more efficient deployment.
Airlines are now starting to invest in in-house 3D printing capabilities, the report finds. These in-house centres are expected to produce cabin interior components. Examples of airlines which have invested in an in-house 3D printing facility are Air New Zealand and Emirates.