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.
Browse full research report on 4D
Printing Market: http://www.grandviewresearch.com/industry-analysis/4d-printing-market
Further key findings from the study 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.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-4d-printing-market
About
Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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