The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

The global market for Aerospace Additive Manufacturing is projected to reach US$2.5 billion by 2025, driven by increasing investments in the technology by aircraft OEMs and component suppliers. Players in the industry currently operate in a difficult market environment made challenging by factors such as taut economic climate that does not favor resource inefficiencies and wastages, rising competition, financial and budgetary constraints, growing burden of regulatory compliance, threat of disruption posed by digitization and globalization, and challenges in information and operations management. Manufacturers and service providers in the industry feel the competitive heat to innovate engineering and manufacturing processes and optimize supply chain to reduce costs, optimize production cycle and enhance efficiencies. The convergence of myriad disruptive factors is fundamentally changing the structure and competitive dynamics of the aerospace industry, necessitating changes in business models for survival in a rapidly transforming landscape. Additive manufacturing is therefore becoming an enterprise strategy. In this regard, a key advantage of additive manufacturing is the ability to create and produce intricate components and sub-assemblies. It also enables parts consolidation as against the traditional need for several separate components. Additive manufacturing machines therefore have the potential to emerge into a “supply chain in a box” phenomenon, allowing aerospace companies to enjoy supply chain management agility.  Read More…