Key vendors to strategically increase their sales by producing new-age fasteners
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global aerospace 3D printing market in their latest research report. This report also lists 56 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated in the overall market from the procurement of aircraft components and subsystems that are manufactured using 3D printing technology.
- Aircraft components: This are being manufactured with the aid of 3D printing technologies are mainly engine components like fuel nozzles.
- Airframes: This is the mechanical structure of an aircraft, which includes wings, fuselage, and undercarriage, but not the thrust generating system.
This Technavio report, under aerospace components vertical, is based on the synthesis, analysis, and interpretation of information about the global aerospace 3D printing market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The competition in the market is very intense due to the presence of various international and regional players. The competition in the market is predicted to be intense during the forecast period as the new entrants may offer a comprehensive array of components and subsystems using 3D printing manufacturing technology. Several companies are forming strategic partnerships to benefit from the joint development efforts and increase their manufacturing capabilities. The vendors in the market are competing on the basis of weight, performance, and safety of an aircraft platform. The OEMs are investing in the development of materials that are lightweight and ensure optimum performance to sustain the competition in the market. The companies are also focusing on the maximizing value proposition of services to attract both prime integrators and retrofitting service providers.
“The vendors are using 3D printing for aircraft interiors as it enables the production of complex geometries and organic shapes. The use of 3D printing makes the components more convenient and lightweight. This method is used for designing and producing air ducts, overhead compartments, wall panels, and seat framework. This technology uses fewer materials and reduces waste generation during the manufacturing of components,” says Avimanyu Basu, a lead analyst at Technavio for research on aerospace components.
Top five vendors in the aerospace 3D printing market space
Airbus
The company designs, manufactures, and markets aircraft, helicopters, satellites, commercial space launch vehicles, defense systems, and electronics for global aerospace and defense industries. It is also engaged in the development of parts and components using 3D printing technology. Moreover, it has collaborated with several companies to enhance its operational capabilities, in particular, its 3D printing manufacturing capabilities.
Key products: Commercial Aircraft, Helicopters, and Business Jets.
Boeing
Boeing, along with its subsidiaries, engages in the aerospace and defense businesses across the world. The company designs and manufactures 3D printed parts and components that are currently used in many aircrafts. Recently, the company manufactured a large solid 3D printed component, the trim-and-drill tool, which is used in the construction of the wings of its next-generation 777X wide-body aircraft.
Key products: Commercial Aircraft, Helicopters, and Business Jets.
GE
The company manufactures and markets aircraft engines, oil and power generation equipment, and medical imaging systems globally. Its aviation division engages in the development and manufacture of fuel nozzles that are used in LEAP engines, which is claimed to be 25% lighter than its counterparts.
Key products: Engines for commercial aircraft, business aircraft, and helicopters.
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Honeywell International
The company provides aerospace-related products and services, which include electronic and advanced materials, turbochargers, control, sensing, and security technologies, and energy-efficient products and solutions for business, homes, and transportation industries. It uses advanced additive manufacturing technologies for the production of aircraft components and parts.
Key products: Electronics and components for commercial aircraft and helicopters.
Rolls-Royce
Rolls-Royce designs, develops, and manufactures integrated power and propulsion solutions for aviation and marine industries across the globe. The company uses 3D printing technology to construct parts and components like aerofoils. Recently, it used one of the largest 3D printed parts in a Trent XWB-97 engine fitted on an Airbus A350 XWB wide-body aircraft.
Key products: Aviation engines, Power Systems, and Product lifecycle services.
Other prominent vendors in this market include AERIA Luxury Interiors, JBRND, Moog, MTU Aero Engines, Norsk Titanium, and Pratt & Whitney.
A more detailed analysis is available in the Technavio report, Global Aerospace 3D Printing Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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- Global 3D Printing Materials Market 2016-2020
- Global 3D Printer Market 2016-2020
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