3D printing fosters the market of aircraft and components manufacturing
According to the global market report 2018 from ReportLinker, specialist in market research, additive manufacturing enables to improve the market of aircraft and components manufacturing. First of all, this industry includes the capacities of manufacturing aircraft, aircraft engine, engine parts as well as other aircraft parts and auxiliary equipment.
Countries in expansion in the aircraft and components manufacturing industry
In 2017, North America was one of the top manufacturers in the production of aircraft and components.
Mexico observed a significant growth due to the Canadian company Bombardier’s investments, and increasing participation of companies such as GE, Airbus, Honeywell, Eurocopter or Safran Group.
As for Asia Pacific, it was the second largest region accounting for 24% market share. South America was the smallest region accounting for 2% market share.
The impact of 3D printing
“Additive manufacturing is continuously evolving and manufacturers are now using 3D printing technology to produce parts for aircrafts and aircraft engines. 3D printing creates a three-dimensional physical object using a digital design.
They are 25% lighter, simpler and offer more design features than conventional parts. This enables manufacturers to create high performance aircraft engines and components. GE Aviation has introduced 3D printed parts in its aircraft engines.”
In 2016 for instance, Airbus released an aircraft made using additive manufacturing. Boeing will exploit 3D printed titanium parts in the manufacturing of its 787 Dreamliner jets that is expected to save about $3 million in construction costs.
Last, the report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
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