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Global Metallurgy Additive Manufacturing for Aerospace Market Is Expected to Reach $20.9 Billion by 2024; Finds New Report

Market Research Reports, Inc. has announced the addition of “Metallurgy Additive Manufacturing for Aerospace: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 12/19/2017 -- Metallurgy Additive Manufacturing for Aerospace: Market Shares, Strategy, and Forecasts, Worldwide, 2017 to 2023. The 2017 study has 224 pages, 99 tables and figures. Worldwide markets are poised to achieve continuing growth as the metallurgy additive manufacturing for aerospace decreases the cost of manufacture and increases efficiency in process. Lowering product manufacturing costs is a key benefit.

Additive manufacturing presents the opportunity to completely, rethink a product's design, transforming its functionality and reducing manufacturing complexity. This is a disruptive technology that is transformational. Aerospace companies and government programs are focusing on the advance of metal 3D printing for aerospace engine applications in 2017. Advances have been able to make commercial additive manufacturing a reality.

Aerospace and defense customers leverage 3D systems industry-leading solutions and expertise. Vendors seek to deliver productivity in increasing speed and reliability of quality assurance and validation processes, lowering fuel costs through light weighting and parts consolidation, and increasing manufacturing productivity through innovative 3D printed casting patterns, 3D data recovery, injection-mold design, and direct metal printing of airworthy parts.

According to Senior Researcher, lead author of the team that wrote the study, "Metal 3D printing is at its beginning stages. It is poised to grow to new levels in the aerospace industry and beyond. A key advantage of 3D printing is that it removes constraints found with traditional manufacturing, reducing cycle time and production costs. Manufacturing companies in various industries use FDM Technology and realize benefits."

The global market for metallic additive manufacturing for aerospace at $1.9 billion in 2016, $2.2 billion in 2017 is forecast to reach $20.9 billion by 2024. Market growth comes from the economies of scale achieved by building metal parts in layers instead of using cutting. Coherent designs make a difference, fostering market growth. The metal parts are structural, making metal additive manufacturing a core business.

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Key Topics
Metallurgy Additive Manufacturing
Additive Manufacturing for Aerospace
Lowering the Total Cost of Manufacturing
3D Printing
AM Revolution
Fabricated metal
Modeling processes
Powder metallurgy
Wire metalurgy
Additive Manufacturing Infrastructure
Additive
Aerospace
Metal AM
Metallurgy Additive Manufacturing Tooling
Metals and alloys
Nanoparticles Theory and Computational Mechanical Properties

Spanning over 224 pages "Metallurgy Additive Manufacturing for Aerospace: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023" report covers Additive Manufacturing For Aerospace: Market Description And Market, Additive Manufacturing For Aerospace Market Shares And Forecasts, Additive Manufacturing For Aerospace Product Description, Additive Manufacturing For Aerospace Research And Technology, Additive Manufacturing For Aerospace Company Profiles.

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