Increasing Use of 3D Printing in Aerospace Industry

he 3D printing materials market is projected to grow from USD 530.1 Million in 2016 to USD 1,409.5 Million by 2021, at a CAGR of 21.60% during the same period. 3D printing technology has been adopted by major end-use industries because of its design flexibility, less wastage, and environmentally friendly properties among others. The increase in the demand for 3D printing technology in aerospace & defense, medical & dental, automotive, and consumer goods is driving the 3D printing materials market, globally.

• Medical & dental is one of the key segments in the 3D printing materials market
• Metal materials are expected to dominate the 3D printing materials market
• North America is the largest 3D printing materials market

Major players in the 3D printing materials market:
3D Systems Corporation (U.S.), Arcam AB (Sweden), Arkema S.A. (France), Royal DSM N.V. Netherlands), ExOne GmbH (Germany), Stratasys Ltd. (U.S.) 

Combat System Integration is Shaping The Future Of Defense Industry!!

Good news to BHIC , with incoming LCS and LMS , CSI will be in-house competency and should be able to offer the services not only Malaysia but SEA.

The combat system integration market is projected to grow from USD 4.26 Billion in 2016 to USD 25.46 Billion by 2022, at a CAGR of 34.7% during the forecast period, 2016 to 2022. 

This growth can be attributed to the increasing incidences of armed conflicts and terror attacks, which are driving the demand for combat systems, globally.

Leading players in the combat system integration market include Lockheed Martin Corporation (U.S.), BAE Systems PLC (U.K.), Raytheon Company (U.S.), Saab AB (Sweden), and Thales Group (France), among others. Fortunately for us,we had Thales system for LCS and Submarine. Maybe ATLAS COSYS onboard PV Meko class will also be replaced by Thales.

The combat system integration market has been segmented and analyzed on the basis of application into naval, airborne, and land-based. Based on application, the naval segment is projected to grow at the highest CAGR from 2016 to 2022. This growth is primarily driven by increase in the number of navy combat system modernization programs, procurement of new military equipment, and rise in defense spending, globally.

Submarine is widely used by military forces worldwide for varied applications such as patrolling, target acquisition, tracking, and surveillance. Emerging countries such as China and India, among others are developing a large force of submarines. These countries are investing in Air-Independent Propulsion (AIP) technology and focusing on the manufacture of nuclear submarines. For instance, China launched the world’s largest nuclear submarine known as TYPE 032 in 2010. India is also building six new nuclear submarines; in 2016, the country commissioned its new nuclear submarine, INS Arihant. Such developments are expected to fuel the growth of the combat system integration market in the submarine segment.