CHICAGO, Aug. 9, 2024
/PRNewswire/ -- The 3D-printed drones
market is projected to grow from USD 707 million in 2024 to USD 1,891 million by 2029, at a CAGR of 21.8%
from 2024 to 2029 according to a new report by
MarketsandMarkets™. The market growth can be attributed to
the growing utilization of 3D printing technology for rapid
prototyping and improved customization.
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Browse in-depth TOC on "3D-Printed Drones
Market"
192 – Tables
77 – Figures
227 – Pages
3D-Printed Drones Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 707
million
|
Estimated Value by
2029
|
$ 1,891
million
|
Growth Rate
|
Poised to grow at a
CAGR of 21.8%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Component, Type,
Platform, Application, Manufacturing Technique and
Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Product quality
compliance
|
Key Market
Opportunities
|
High investments in
commercial drone industry
|
Key Market
Drivers
|
Enhanced customization
and rapid prototyping capabilities of 3D printing
|
Significant advances in additive manufacturing, with rapid
prototyping, inexpensive production, and fabrication of complex
lightweight structures, are driving the market for 3D printed
drones. The ability to produce custom components on demand also
reduces inventory costs and fast design - Facilitates iteration.
This flexibility is particularly useful for the military because
some operations require more specialized drones. However,
operational complexity is further increased by the need for skilled
workers and designers coupled with the high initial cost of 3D
printers and sophisticated components and mechanical capacity
limitations for 3D printed parts to prevent them. Despite these
limitations, innovative applications such as customized delivery
systems and environmental monitoring provide attractive
improvements. Advances in 3D printing materials and techniques have
expanded the possibilities of 3D printed drones. The key players in
the 3D-printed drones' market are Boeing (US), AeroVironment,
Inc. (U.S.), Parrot Drone SAS (France), General Atomics (U.S.), and Skidoo,
Inc. (U.S.)
Based on component, frames & arms segment dominate the
market in the base year.
In terms of component, the 3D-printed drones market is divided
into frames & arms, propellers, landing gears, wing structures,
mounts & holders, enclosures, and other parts. An increasing
demand for lightweight and durable structures is anticipated to
drive the demand of frames & arms segment.
Advanced composites with equivalent strength and weight, such as
polymers reinforced with carbon fiber, are now viable due to
advancements in 3D printing technology. This is particularly
critical for drone weaponry and frames, as the use of lighter
materials enhances battery life, flight efficiency, and payload
capacity. Furthermore, 3D printing offers significant advantages in
customization and design flexibility, which are often restricted by
the high tooling costs and design complexities of traditional
manufacturing methods. The capability to swiftly fabricate
intricate geometries without the need for costly molds or extensive
assembly lines allows manufacturers to develop bespoke frames and
components tailored to specific applications. This rapid
prototyping facilitates quick testing of new designs and the rapid
development of innovative ideas, enabling companies to promptly
respond to market demands and maintain a competitive edge in the
fast-evolving drone market.
Based on type, the fixed-wing drones is estimated to register
a large share in the base year.
The 3D-printed drones industry is categorized by type into
fixed-wing drones, rotary-wing drones, and hybrid drones.
An advantage of 3D printing over conventional drone
manufacturing technology to boost the development of fixed wing
drones. Fixed-wing drones manufactured using additive manufacturing
technology represent a significant improvement over conventional
fixed-wing drones. This innovative approach enables rapid
prototyping, cost-effectiveness and scalability, with consequences
resulting in lighter, more powerful and more efficient drones. Key
players such as AeroVironment, Inc. (US) and senseFly (Switzerland) are using 3D printing to produce
fixed-side models that offer high performance for remote sensing,
environmental monitoring and precision agricultural
applications
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The Asia Pacific region is
projected to be a high growth potential market for 3D-printed
Drones during the forecast period.
The Asia Pacific market is
projected to witness a significant CAGR from 2024 to 2029. The
region is witnessing a rapid adoption of 3D printing technology for
drone manufacturing, driven by technological advancements and
strong government support. China
leads the 3D-printed drones' market, subject to the presence of
leading commercial drones and associated drone part manufacturers.
In India, initiatives such as Make
in India promote domestic
innovation in 3D-printed drones. Meanwhile, Japan integrates 3D printing with robotics and
AI for industrial applications. Australia's aerospace sector, supported by
government initiatives, utilizes 3D printing for environmental
monitoring. South Korea's focus on
Industry 4.0 sees firms exploring advanced materials and 3D
printing for enhanced drone capabilities in surveillance and
delivery services. Overall, the region's dynamic market scenario
for 3D-printed drones is characterized by robust growth driven by
technological innovation, government support, and a strong focus on
both defense and commercial applications.
The major players include in 3D-printed drones
companies are Boeing (US), Parrot Drone SAS (France), General Atomics (US), and
AeroVironment, Inc. (US), among others.
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