SmarTech Markets Publishing has released its new study "Additive Manufacturing in Space and Defense Aerospace Markets".
The report explores the entire value chain of Additive Manufacturing in space/defense aerospace markets, providing analysis of its benefits in the manufacture of space vehicles, satellites, military aircraft, missile systems, and, of course, UAVs. After an initial reading, we would like to share up with you some key facts and figures that we have found:
Additive Manufacturing comprehensive revenues (including hardware, software, materials and services) for defense aerospace and space companies will reach around $140 million in 2016, rising to $600 million in 2022. Service revenues will exceed $325 million by 2022, and material revenues by the space and defense aerospace will reach $120 million by 2022.
- Polymers will have a growing presence in some areas of space/defense aerospace, but there is also a high degree of potential metal component demand for very large structural components associated with space vehicles, satellites, and some military aircraft.
- Soon both plastic and metal systems will prove to be ideal technologies for replacement parts in aging military aircraft.
- There is a high degree of potential metal component demand for very large structural components associated with space vehicles, satellites, and some military aircraft.
- There is a growing need for Additive Manufacturing specialists with know-how in space and defense applications.
- Use of additive manufacturing in space and defense aerospace is still in the development phase, favoring the use of service providers to print low-volume parts.