Firm Forecasting Market to Top $5.5 Billion in Value by 2027
CHARLOTTESVILLE, VA, July 18, 2017 /24-7PressRelease/ — SmarTech Publishing, the leading industry analyst firm in the 3DP/ additive manufacturing market has just issued a new report titled, “Additive Manufacturing for Space Industry Applications: from Earth to Orbit and Beyond“. In this report, the firm projects that the yearly value of AM manufactured parts in the space industry will reach $4.7 billion, driving nearly $1 billion in yearly sales of AM equipment, software and materials.
Further details of this report including a detailed description, table of contents and excerpt can be found at: https://www.smartechpublishing.com/reports/additive-manufacturing-for-space-industry-applications-from-earth-to-orbit. Members of the press can receive an executive summary and schedule an interview with the report’s author, Davide Sher, Senior Industry Analyst at SmarTech.
SmarTech has issued two related subject matter reports titled “Additive Manufacturing for the Drone/UAV Industry” and “Opportunities for Additive Manufacturing in Aerospace 2017 – Civil Aviation: An Opportunity Analysis and Ten-Year Forecast.” Details of the reports can be found at https://www.smartechpublishing.com/reports/category/aerospace.
The reports are available individually or as part of a program service that looks at AM in Aerospace and Aviation that includes reports, market and forecast updates and follow on inquiry time.
About the Report:
This report quantifies the projected value of additive manufactured parts and identifies the most commercially important technologies, materials and applications for 3D printing of space borne parts. It includes ten-year forecasts of the materials, hardware, software and AM service, both in terms of demand and revenues. Granular geographic nation-specific and part type-specific information completes this first ever accurate analysis of AM in the booming industry for manufacturing of satellites, launch vehicles and spacecraft. The Space AM also provides information on which companies and institutions in the space infrastructure industry are using additive manufacturing today, with relevant case studies. The report was compiled after extensive research and interviewing of key industry executives.
Key firms in the space AM segment include: 3D Systems, Aerojet Rocketdyne, Airbus, Arcam, ATOS, Bigelow Aerospace, Boeing, Concept Laser, CRP Group, ExOne, Hexce, Lockheed Martin, Made in Space, Materialise, Nano Dimension, Optomec, Orbital ATK, Oxford Performance Materials (OPM), Safran, Sciaky, SLM Solutions, Space Systems Loral (SSL), Space X, Thales Alenia Space and Trumpf.
The report includes an in-depth analysis of the material used for space AM applications, which takes into consideration both high performance polymers and metals as well as composites, ceramics and technologies for direct 3D printing of electronics.
From the Report:
– SmarTech Publishing is forecasting that the overall value of additive manufacturing segments for the space industry was worth $117 million in 2016 and that it is expected to grow to $872 million by the end of the forecast period.
– Additive manufacturing provides the most effective tool to optimize weight in systems built to reach space. This is true both for launch vehicles and – until the time when resources are gathered in space – for space borne systems and devices.
– SmarTech Publishing expects AM to grow to represent 1.78% of the total yearly value of space infrastructure manufacturing at the end of the forecast period, for a global turnover of $4.7 billion derived from the value of additively manufactured parts alone.
– The renewed interest in low-cost satellites, some of which are small enough to be held in one hand, is prompting a range of start-ups and providing new accessibility to space by educational institutions, small businesses, and individual researchers. This trend favors adoption of AM technologies to reduce costs.
– SmarTech Publishing is expecting spacecraft and rocket parts to represent the largest opportunity segments due to the generally much higher cost of the parts and systems involved. While satellites today represent the area where AM has been used most intensively, the emergence of low cost CubeSat and NanoSat systems makes this a less valuable opportunity overall.
Since 2013 we have published reports on important business opportunities in 3D printing/additive manufacturing sector. SmarTech is the leading industry analyst firm providing coverage in this sector. Our client roster includes the largest 3D printer firms, materials firms and investors.
To Purchase or Enquire about this Report:
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