sky\'s the limit for 3-d printing in the aerospace industry
3D printing is also known as additive manufacturing, because it creates a variety of three- Use the additional procedure in the digital blueprint to label the object. It has the potential to revolutionize many different industries. 3D printing has a greater impact on the defense and aerospace industries than any other technology. The industry believes that 3D printing technology provides the best way to reduce costs and improve efficiency. The company wants to use 3D printing technology to make parts for all products from satellites to jet engines. For example, the 3D-made bracket is already on the Juno spacecraft to Jupiter, which was made by Lockheed Martin (NYSE:LMT). A key area of the aerospace industry for jet engine parts is jet engine parts. As Pratt & Whitney Part of joint technology (NYSE:UTX)- Told the Royal Aviation Society in April ( Free registration required) \"Everything in [jet] The engine is really expensive, so [3D printing] Attractive for the right part. \"3D technology in particular has been accepted by GE\'s Pratt & Whitney competitors (NYSE:GE). GE even predicted that in \"a few years\" the 3D printer would make 25% of all the components of the jet engine. The company\'s upcoming LEAP engine Joint construction with Snecma in France- Parts made using a 3D printer will be included. These engines will be produced from 2016 and each engine will contain 19 3D- Printed Fuel nozzle. Without using 3D printers, the process of making these nozzles will be very complicated, including merging 20 sep accelerated parts together, GE said. Alcoa enters 3D PrintingAlcoa (NYSE:AA) Recently, 3D printing technology has been widely used, and it has announced that it will focus on the field of aerospace. Ray Kilmer, technical director of the company, believes that 3D printing technology will eventually have a huge impact on the aerospace industry. On the company\'s annual investor day, he noted that the technology is expected to reduce development costs by 25% and will reduce the time it takes to make parts for Alcoa\'s aerospace customers by half. Kilmer added that the 3D printer will also implement a quick redesign of complex products, which was previously impossible. Taking jet engine blades as an example, Alcoa\'s research suggests that production time from design to finished products could be reduced from one year to 25 weeks, Kilmer said. This is 50% less than before. The future of 3D printing in the aerospace field all this is about the topic of aerospace companies using 3D printing technology, but what is the actual potential here? So far, 3D printing has been barely used throughout the manufacturing industry, especially in the aerospace industry. At the meeting of the Royal Aviation Society, deputy vivik sakeshore The president of aerospace operations and supply chain at aerospace consulting firm ICF International provides some interesting data. Saxena said that at present, additive manufacturing only accounts for a small 0. 0002% of the global manufacturing market. The price of $10 is about $2 billion. Market in 5 trillion. More specifically, in the field of aerospace, Saxena said that the proportion of additive manufacturing is still very small. 002% of the $150 billion aerospace parts market. The significance here is that the aerospace industry is in the leading position in 3D printing, accounting for 13% of the total 3D printingprinted parts. Many industry observers, including Saxena, predict 3D- Printed parts in aerospace will climb to $2 billion over the next decade. If so, it will help keep the U. S. The aerospace industry is one step ahead of global competitors. For 3D printing companies, it is obviously good news for the aerospace industry to enter 3D printing. Consider Stratasys (NASDAQ:SSYS), for example. Space engineers rely on their limited funds ( Modeling of molten deposition) Technology for prototyping, tools, and parts manufacturing. Work with high- High-performance thermoplastic plastics for the manufacture of various aircraft components. Stratasys also offers PolyJet 3D printing for precision prototyping. 3D Systems (NYSE:DDD) Not left behind. Its machines were once used only by the aerospace industry for prototyping, design verification and testing. But now, the DDD machine printing function, real Aerospace and Defense Department- From the needs of various participants in the industry. Investors should also pay attention to Hewlett-Packard (NYSE:HPQ) The company recently said it would enter the field of 3D printing by 2016. With its sheer size and familiarity, it may expand the industry as a whole and win a large number of contracts from aerospace companies. Disclosure: The author does not hold any positions in any of the stocks mentioned, and does not have a plan to start any positions within the next 72 hours. The author wrote this article himself and expressed his views. The author was not compensated ( In addition to Seeking Alpha). The author has no business relationship with any company mentioned in this article.