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The global aerospace additive manufacturing (AM) market is expected to grow at a compound annual growth rate (CAGR) of around 21% during 2016-2021. Key factors driving the growth are weight reduction and fuel consumption; feasible and eco-friendly manufacturing process; growth in utilization and acceptance in the aerospace industry; and ease of manufacturing for complex parts and freedom in design.
The Americas will continue to dominate in the forecast period, while Asia-Pacific and Europe, the Middle East and Africa will experience significant growth at a CAGR of around 21% and 20%, respectively. www.marketresearchfuture.com
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