Worldwide 3D Printing Market in Aerospace and Consumer Electronics to expected to reach $11,140 million by 2022; Finds New Report

Worldwide 3D Printing Market in Aerospace and Consumer Electronics to grow at a CAGR of 28.2% during the period 2016–2022 to aggregate $11,140 million by 2022

Less raw material wastage, increased government investments, efforts to develop unmanned air and spacecraft and light-weight, low-cost consumer electronics will help the 3D printing in the aerospace and consumer electronics technology market to reach $3,629.5 million by 2022

Global market research and consulting organization, has published a study titled “Worldwide 3D Printing Market in Aerospace and Consumer Electronics: Drivers, Opportunities, Trends, and Forecasts, 2016–2022” (June 2016).

According to Publisher, Asia Pacific will drive the 3D printing in aerospace and consumer electronics market in the near future. As per the study, the market will experience a significant growth in the coming years due to the increase in the government investments, efforts to develop unmanned air and spacecraft by the aerospace industry and demand for the light-weight, low-cost consumer electronics. The market is expected to grow at a CAGR of 28.2% during the period 2016–2022 to touch an aggregate of $11,140 million by 2022.

“3D printing is basically on-demand manufacturing, i.e. very fast and low cost. However, the industry leaders have keenly started enabling the 3D printing technology in aerospace and consumer electronics domains to improve the manufacturing production, pricing, and decrease the inventory amount throughout the supply chain. Moreover, huge support from the government in terms of investments and smart initiatives from the key players are majorly driving this market for aerospace and consumer electronics.” – Tariq Ahmed. Shaik, Research Manager at Publisher

The worldwide 3D printing market is rapidly growing and is being adopted by various industry verticals such as healthcare, consumer electronics, automobiles, and aerospace. At present, 3D printing technology is widely being used by the consumer electronics and is expected to continue in the near future too. North America is one of the key 3D printing consumer electronics markets whereas Europe is the leading 3D printing aerospace market. The 3D printers contribute a lot in the 3D printing revenues. The growing number of technology-friendly population and their dependence on the wearable and smart electronic devices and reduced aircraft weight which helps in saving the fuel are some of the factors supporting the growth of the market.

“It is expected that Asia Pacific and Latin America will be the biggest 3D printing aerospace and consumer electronics markets in the coming years. The increase in the number of air travelers, the rise in the income of the people and growing demand for the sleek and light-weight electronic products will support the growth of the 3D printing market in these regions. It is foreseen that major growth will be in China, Singapore and Brazil markets due to the increase in the R&D activities in these countries.” Senior Research Analyst.

The report aims to highlight key insights from providers and end-users. The report provides an in-depth analysis and forecast about the industry covering the following key features:

This report not only highlights users’ conundrum (challenges and barriers to adopting 3D printing market) but also brings in their perspective on the market. This market has been analyzed by taking into account the key regions – North America, Europe, Asia Pacific, and LAAM

The report analyzes the top 11 players in terms of market reach, business strategy, and R&D spending’s

Competitive benchmarking analysis to optimize short term and long term strategy of the organizations

Stakeholders’ insights and key trends (current and future) of the market

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