MarkNtel Advisors recently published a detailed industry analysis of the Global Space-Based 3D Printing Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Space-Based 3D Printing, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Space-Based 3D Printing Market is projected to grow at a CAGR of around 21.2% during the forecast period, i.e., 2023-28.
Key Findings in Global Space-Based 3D Printing Market:
- Historical Analysis: 2018 –2021
- Base Year: 2022
- Forecast Period: 2023-2028
Leading Market Players- Stratasys, 3D Systems Corporation, ExOne, EOS GmbH, Materialise, Relativity Space, GE Additive, CRP Technology
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Space-Based 3D Printing industry?
Surging Demand for Recyclable & Efficient Launch Vehicles Parts to Augment the Market Growth – The number of space exploration initiatives is increasing dramatically as numerous national & private organizations are preparing short-term physical exploration missions to explore the solar system. Owing to this, the frequency of launches has expanded, due to which the market demand for recyclable & efficient launch vehicles has surged. As a result, complex components, such as thrusters, engines, etc., have started to be manufactured using additive manufacturing for weight reduction & performance improvement.
The space industry across the globe is working to cut the costs involved with space missions. Thus, reusability is becoming one of its primary focal areas. Along with this, additive manufacturing also allows for prototyping, which helps engineers & designers quickly repeat & refine designs. Therefore, space missions can reduce weight, improve performance, reduce cost through recyclability, and speed up design repetition by utilizing the capabilities of 3D printing. Owing to this, the integration of space 3D printing in the manufacturing processes of launch vehicles & propulsion systems is surging. Hence, this would intensify the Global Space-Based 3D Printing Market expansion during the forecast period.
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What segments define the Global Space-Based 3D Printing Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Application
-
- Satellite – Market Size & Forecast 2018-2028, (USD Million)
- Spacecraft & Launch Vehicles – Market Size & Forecast 2018-2028, (USD Million)
- Rovers – Market Size & Forecast 2018-2028, (USD Million)
- Space Stations – Market Size & Forecast 2018-2028, (USD Million)
By Offering
-
- Materials- Market Size & Forecast 2018-2028, (USD Million)
- Titanium- Market Size & Forecast 2018-2028, (USD Million)
- Steel- Market Size & Forecast 2018-2028, (USD Million)
- Aluminum- Market Size & Forecast 2018-2028, (USD Million)
- Nickel- Market Size & Forecast 2018-2028, (USD Million)
- Plastics- Market Size & Forecast 2018-2028, (USD Million)
- Ceramics- Market Size & Forecast 2018-2028, (USD Million)
- Others (Cobalt Chrome, Maraging Steel, etc.)- Market Size & Forecast 2018-2028, (USD Million)
- Software- Market Size & Forecast 2018-2028, (USD Million)
- Design & Sculpting- Market Size & Forecast 2018-2028, (USD Million)
- Inspection- Market Size & Forecast 2018-2028, (USD Million)
- Printing- Market Size & Forecast 2018-2028, (USD Million)
- Scanning & Imaging- Market Size & Forecast 2018-2028, (USD Million)
- Services- Market Size & Forecast 2018-2028, (USD Million)
- Custom Design & Manufacturing- Market Size & Forecast 2018-2028, (USD Million)
- After Sales- Market Size & Forecast 2018-2028, (USD Million)
- Materials- Market Size & Forecast 2018-2028, (USD Million)
By Technology
-
- Direct Metal Laser Sintering (DMLS) – Market Size & Forecast 2018-2028, (USD Million)
- Fused Deposition Model (FDM)- Market Size & Forecast 2018-2028, (USD Million)
- Continuous Liquid Interface Production (CLIP) – Market Size & Forecast 2018-2028, (USD Million)
- Stereolithography (SLA) – Market Size & Forecast 2018-2028, (USD Million)
- Selective Laser Sintering (SLS) – Market Size & Forecast 2018-2028, (USD Million)
- Poly Jet Printing – Market Size & Forecast 2018-2028, (USD Million)
- Others (Laser Metal Deposition (LMD), Laminated Object Manufacturing (LOM), etc. – Market Size & Forecast 2018-2028, (USD Million)
According to report, Direct Metal Laser Sintering (DMLS) registered the highest growth in the Global Space-Based 3D Printing Market due to its substantial use in various applications such as satellite manufacturing, propulsion systems, etc.
By End Product
-
- Engine Components – Market Size & Forecast 2018-2028, (USD Million)
- Structural Components- Market Size & Forecast 2018-2028, (USD Million)
- Others (Controls, Satellite Components, etc.)- Market Size & Forecast 2018-2028, (USD Million)
According to report, The production of Structural Components using 3D printing has registered the highest growth rate in the Global Space-Based 3D Printing Market, as it facilitates rapid prototyping & iterative design processes, allowing quick testing & refining of designs.
Explore the Complete Global Space-Based 3D Printing Market Analysixxs Report – https://www.marknteladvisors.com/research-library/space-based-3d-printing-market.html
Geographical Analysis: Global Space-Based 3D Printing Market
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Global Space-Based 3D Printing Industry Recent Development:
- 2023: Stratasys Ltd. announced the launch of GrabCAD Print Pro software, with integrated quality assurance functionality from Riven, intending to boost additive manufacturing production volumes & profitability.
- 2023: Sigma Additive Solutions, Inc. announced the expansion of its collaboration with Materialise to provide additive manufacturing (AM) users with automated quality control by integrating the PrintRite3D® quality assurance solution into the new software solution Materialise Process Control.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Space-Based 3D Printing?
- How is the Global Space-Based 3D Printing expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
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