The global 4D printing market is expected to reach USD 313.1
million by 2025, according to a new report by Grand View Research, Inc. 4D
printing is an advanced process for printing customizable smart materials where
an object is 3D printed using a programmable material. It enables the material
objects to adjust their appearance or shape over time by using internal or
external stimuli, such as change in temperature or water immersion subjected to
pressure, electric current, UV light, or other form energies. 4D printing, with
its form changing tools, is estimated to revolutionize every industry on a
global scale as the technology offers advantages of reduced resource
consumption and energy wastage.
Researchers are increasingly emphasizing on 4D printing materials,
primarily focusing at the microscopic level. Technologies incorporating shape
memory alloys are developed wherein a temperature change results in the change
of an object’s shape. Additionally, newer technologies are also utilizing
electroactive polymers, pressurized fluids, smart materials, and chemicals.
Technology needs are ever increasing in today’s rapidly changing
environment. The market is anticipated to witness a robust growth over the
forecast period, which is ascribed to the increased demand for technological
innovation in the fields of military & defense, automotive, aerospace, and healthcare,
resulting in the rising adoption of 4D printing. Additionally, the latent scope
for innovations and product development is likely to supplement the market
demand over the coming years.
The increasing demand for reduction in the cost of manufacturing and
processing is another major factor anticipated to accelerate the 4D printing
market growth by 2025. Moreover, there is a growing demand for efficient
material and resource management. The self-transforming property of the
technology would lead to the use of limited materials for several purposes,
which in turn would lead to reduced wastage of natural resources, thereby
maintaining a sustainable environment. Thus, the increasing focus on ensuring a
sustainable environment is likely to accelerate the demand in the near future.
The high development cost, growing insecurity of policy makers as the
technology is yet to be commercialized, and rising issues related to
intellectual property rights and potential safety hazards are some of the
factors estimated to restrain the development of the 4D printing market.
However, the increasing opportunities for key players are expected to overpower
the aforementioned restraints, thereby driving the growth over the next few
years.
U.S. 4D printing market by
material, 2019 - 2025 (USD Million)
Browse full research report on
4D
Printing Market Analysis:
Further key findings from
the report suggest:
- The global 4D
printing market is estimated to reach USD 64.5 million by 2019 and grow at
a CAGR exceeding 33.2% from 2020 to 2025, which is primarily attributed to
its rising demand in the military & defense, aerospace, automotive,
and healthcare industries.
- Programmable
carbon fiber is anticipated to emerge as the largest product segment over
the forecast period as it is extremely light and strong, like traditional
carbon fiber; requires no complex electronics, actuators, or sensors;
minimizes failure-prone mechanisms; and decreases the total weight of the
product.
- The military
& defense sector is expected to be the largest contributor to the
overall 4D printing market, accounting for more than 25% of the share in
2019, which is followed by the aerospace segment.
- North America
is anticipated to emerge as a dominant region for 4D printing market by
2025 owing to high investments in R&D in the region, which is boosting
the 4D printing technology.
- Key players
such as Stratasys Ltd., Autodesk Inc., and Hewlett-Packard Inc. are
estimated to dominate the market over the forecast period with their
emphasis on expanding the market presence through a series of new product
launches, announcements, and partnerships.
For more information: http://www.grandviewresearch.com
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