Summary
A New Market Study, titled “4D Printing Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
4D printing is an evolved form of 3D printing which uses a combination of special materials and complex designs to change its shape and appearance over time. Factors influencing appearance changes are wind, heat, water, and other forms of energy. The materials are programmed to react to certain triggers. This is evident with various research laboratories focusing their attention on microscopic structures that evoke such changes. The global 4D printing market report by Market Research Future (MRFR) investigates the drivers and challenges associated with the industry as well as its scope for the period from 2019 to 2022 (forecast period). The COVID-19 pandemic and its effects are included and reflected in projections for growth and revenue sizing in the report.
Market Scope
The 4D printing market is expected to grow to USD 162 million by 2022 at 39% CAGR over the forecast period. Innovation in 3D printers and the wide scope of applications are major drivers of the market. The prime need for lowering manufacturing and processing costs can influence the market demand to a great extent. New business models fashioned to lower time-to-market and high business efficiency can spur the market growth.
Focus on sustainability and use of 4D printed objects for lowering the number of resources can bolster the scope for the market. Advanced technologies in material science and capacity for changing material shape, appearance, and properties can drive the demand for 4D printing. Innovation in fields of aerospace & defense, healthcare, and automotive can augur favorably for the market.
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Segmentation
By application, it is segmented into utility, aerospace and defense, construction, healthcare, automotive, clothing, and others. The aerospace and defense application is deemed to dominate the global 4D printing market owing to space agencies adopting the technology for manufacturing various components. On the other hand, the healthcare application has potential for generating revenue for the market owing to the implementation of self-transforming components for treating abnormalities or malformations within the body.
Regional Analysis
North America can dominate the 4D printing market owing to the technological advancements in 3D printing and due to the high adoption of 3D printing on a large scale. The utilization of programmable textiles in furniture design and interest in DIY projects can drive the market growth in the region. Applications in the defense sector such as the ability to blend into environments and protection against toxic gas can bode well for the market.
The European region is expected to have the second biggest market share in the 4D printing market. Scope in healthcare and aerospace with components being able to adapt to the environment due to certain triggers can bode well for the regional market demand.
As 4D printing is a niche technology, Asia Pacific would have considerable opportunities for adoption of 4D printing technology by the end of forecast period. But high technology costs can impede market growth.
Competitive Outlook
Organovo Holdings, Inc., Materialise NV, 3D Systems Corporation, Dassault Systèmes SA, Stratasys Ltd., Autodesk, Inc., ExOne Co., Hewlett Packard Corp., and others are key players of the global 4D printing market.
Major Key Points in Table of Content
1 Market Introduction
2 Research Methodology
3 Market Dynamics
4 Executive Summary
5. Market Factor Analysis
6 4D Printing Market, by Segments
7 Competitive Analysis
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