Aerospace 3D Printing Market To Boom Industry Size, Growth Perspectives, Development Technologies and Innovations by 2029
The global aerospace 3D printing market size stood at USD 2.66 billion in 2021. The market is anticipated to rise from USD 2.94 billion in 2022 to USD 8.35 billion in 2029, at a 16.07% CAGR during the forecasted period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “ Aerospace 3D Printing Market , 2022-2029 .” According to the study, surging demand for low-weight components will drive innovations across emerging and advanced economies. For instance, carbon fiber materials and shape memory alloys have become trendier to minimize aircraft’s weight. With the need for fuel-saving gaining prominence, industry players will continue to invest in the portfolio. COVID-19 Impact Plunge in Aircraft Manufacturing Challenged Industry Growth End-users strived to overcome challenges emanating from the COVID-19 pandemic, largely due to a shortage of raw materials and a dip in aircraft manufacturing. Although companies, such as Stratasys, contempl