Posted 4/11/2024, 2:45:00 PM
Aerospace Manufacturing Poised for Trillion-Dollar Growth Driven by Automation and Additive Manufacturing
- Global aerospace parts manufacturing market to reach $1 trillion by 2030, growing at a CAGR of 5.1%
- Automation is a central theme driving efficiency and transformation in aerospace manufacturing
- U.S. market estimated at $216.8 billion in 2023; China to grow at 6.8% CAGR
- Recovery of commercial aviation industry brightens outlook for aircraft supply chain OEMs
- Additive manufacturing storming into spotlight in aerospace sector as massive shift represents overarching trend