MarkNtel Advisors recently released a research report focusing on the Global Space-Based 3D Printing Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
Global Space-Based 3D Printing Market Insight and Analysis:
The Global Space-Based 3D Printing Market is projected to grow at a CAGR of around 21.2% during the forecast period, i.e., 2023-28.
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Global Space-Based 3D Printing Industry Segmentation:
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)
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)
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)
Global Space-Based 3D Printing Market (2023-28): Segmentation Analysis
The Global Space-Based 3D Printing Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:
Based on Technology:
- Direct Metal Laser Sintering (DMLS)
- Fused Deposition Model (FDM)
- Continuous Liquid Interface Production (CLIP)
- Stereolithography (SLA)
- Selective Laser Sintering (SLS)
- Poly Jet Printing
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. Most space applications require the utilization of several metal alloys, including titanium, aluminum, stainless steel, and nickel-based alloys. These materials pose high strength, heat resistance, and lightweight properties, due to which DMLS has emerged as the most preferred choice for 3D printing in these applications. Moreover, it creates complex geometries & intricate designs that are difficult to achieve with traditional manufacturing methods, owing to which its usage is expected to surge in the coming years.
Based on End Product:
- Engine Components
- Structural Components
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. This approach reduces development time, enables faster innovation, and optimizes structural components for specific mission requirements, due to which the structural components are majorly manufactured using 3D printing.
With 3D printing, a wide range of advanced materials can be utilized, including lightweight alloys, composites, and specialized polymers. This material versatility enables the production of structural components such as frames & casings, spacecraft chassis, supports, mounts, etc., with enhanced mechanical properties, such as high strength, heat resistance, and durability, crucial for space applications. Thus, owing to these benefits offered by 3D printing, its application for printing structural components would further increase.
Global Space-Based 3D Printing Market Regional Analysis:
Geographically, the Global Space-Based 3D Printing Market expands across:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
The North American region has a thriving space industry, encompassing government space agencies, commercial space companies, satellite communications, technology development, and space exploration. The region has the presence of prominent players like NASA & innovative market players such as SpaceX, due to which it showcased leadership in space technology, satellite operations, and scientific research. Owing to this, the region generated substantial demand for 3D printing. Moreover, private space exploration projects are growing in the region, especially in the US & this would substantially support the Space-Based 3D Printing Market growth during the forecast period.
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.
Geographical overview:
-North America
-Europe
-Asia-Pacific
-Rest of the World.
The Global Space-Based 3D Printing Market Trend:
3D Printing Using In-Situ Resources in the Space Creating New Trend – 3D printing by utilizing in-situ resources such as lunar regolith, Martian soil, etc., to create construction material in space itself is the new trend in the market. Space agencies of different countries are now using this in-situ printing to create structures on the lunar surface. For instance, in 2022, NASA and AI Space Factory collaborated to develop Lunar Infrastructure Asset (LINA), an in-situ 3D-printed facility to protect astronauts & critical missions on the Moon. This structure was 3D printed lunar regolith & earth-sourced polymer. Hence, this trend is enriching the feasibility & efficiency of the space mission by reducing the need for transporting construction materials from Earth, therefore contributing in upscaling the revenue growth of the Space-Based 3D Printing Market in the forecast years.
Top Leading key players of Global Space-Based 3D Printing Market
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including –
-Stratasys
-3D Systems Corporation
-ExOne
-EOS GmbH
-Materialise
-Relativity Space
-GE Additive
-CRP Technology.
The Global Space-Based 3D Printing Market report addresses the following concern:
- The Global Space-Based 3D Printing Market report explores the influence of key trends on market share within the primary segments.
- What are the leading market trends that propel the expansion of the Global Space-Based 3D Printing market?
- What are the projected CAGR, market size, and growth rate for the Global Space-Based 3D Printing Market in the upcoming years?
- What are the key players in the Global Space-Based 3D Printing market, and what strategies are they implementing?
- What factors, such as industry trends, drivers, and challenges, are contributing to the growth of the Global Space-Based 3D Printing market?
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