February 23, 2022
According to the research report titled, ’Global 4D Printing Market Size study, by Material (Programmable Carbon Fibre, Programmable Wood-Custom Printed Wood Grain, Programmable Textile), by End User (Aerospace Industry, Automotive Industry, Clothing, Construction, Military and Defense, Healthcare Industry, Utility) and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global 4D printing market was worth USD 65.1 million in 2020 and is expected to register 42% CAGR during over the study period, eventually reaching USD 757.88 billion in valuation by the year 2027.
The expansion of global 4D printing market throughout the forecast period is driven by the growing demand for a sustainable environment and the focus to minimize manufacturing as well as process costs. In addition, technological developments have allowed for a wide potential in innovation and product creation, which in turn is also aiding towards the market expansion.
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Although 4D printing is like 3D printing technology, it also requires the use of additional stimulus and sensor equipment, which are based on specific interaction mechanisms between the stimulus and smart materials. Meanwhile, the appropriate design of multi-material structures is based on mathematical modeling.
Despite the several growth trends, the market's growth is expected to hamper due to the complexity associated with Intellectual Property Rights.
By material type, the industry is categorized into programmable textile, programmable wood-custom printed wood grain, and programmable carbon fiber segments. The end-user landscape of global 4D printing market involves utility, healthcare industry, military and defense, construction, clothing, automotive industry, and aerospace industry.
The geographical analysis of global 4D printing industry space includes Europe (Germany, Italy, France, the U.K.), North America (the U.S., Canada), Latin America (Brazil, Mexico), Asia-Pacific (India, Japan, China, Australia), and the rest of the world.
As per the report, Europe accounts for the largest market share and is predicted to expand continuously during the study period, owing to introduction of government initiatives for controlling greenhouse gas emissions to ensure a sustainable environment.
Asia-Pacific market is also expected to grow at the fastest rate between 2021 and 2027. Factors such as rising disposable income, growing population, and rapid urbanization would create profitable growth for the market participants in Asia-Pacific.
Speaking of which, key players operating in worldwide 4D printing market are Dassault Systèmes SE, Materialise N.V., Massachusetts Institute of Technology, ARC Centre of Excellence for Electromaterials Science (ACES), Organovo Holdings Inc., The ExOne Company, Stratasys Ltd., Hewlett-Packard Inc., Autodesk Inc., 3D Systems.