USD 90 million
Report ID:
SQMIG20C2024 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
66
|Figures:
73
4d Printing Market size was valued at USD 90 million in 2019 and is poised to grow from USD 126.82 million in 2023 to USD 1971.15 million by 2031, growing at a CAGR of 40.91% in the forecast period (2024-2031).
4D printing represents one of the new emerging technologies associated with an object that can shape its form over time. It is a more advanced version of 3D printing that allows for self-transformation by embedding a programme directly into the materials themselves. This technology pretty much exclusively adds time to the objects' length, width, and height. Due to strong competition, there's a need to decrease the production and processing costs is predicted to be a significant factor accelerating the global market for 4D printing market share in the coming years. 4D technology, which is focused on 3D printing technology, suggests a new business strategy to adapt to existing business requirements by providing limited capital, inventories, and time-to-market, thereby boosting business efficiency. The ability of 4D printed objects to self-transform enables them to use scarce resources as they respond to external stimuli, resulting in easier after-use disposal of the object and thus having contributed to the preservation of a sustainable environment. The growing emphasis on maintaining a sustainable environment is expected to drive market growth over the forecasting years. The high initial costs of product development may suppress market expansion during the forecast period.
US 4D Printing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 90 million
Largest Segment
Programmable carbon fiber
Fastest Growth
Programmable carbon fiber
Growth Rate
40.91% CAGR
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Global 4d printing market is segmented based on the material, end-user, and region. Based on material, the market is segmented into programmable carbon fiber, programmable wood – custom printed wood grain, programmable textile, and others. Based on end-user, the market is segmented into automotive, aerospace & defense, healthcare, textile, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
4d Printing Market Analysis by Material
Based on material, the 4d printing market is segmented into programmable carbon fiber, programmable wood – custom printed wood grain, programmable textile, and others. Due to its superior stiffness, low weight, and tensile strength, programmable carbon fiber segment is predicted to expand at a significant rate during the forecast period, which makes it ideal for a variety of industrial purposes. Furthermore, it can be transformed on its own by printing active material on flexible carbon fibre and activating it with heat. It also does not require any complicated electronics, actuators, or sensors; and it also minimizes the overall weight and reduces failure-prone mechanisms.
Both programmable wood and programmable textiles are expected to grow at a healthy rate during the forecasting years. Textiles that can be programmed have found use in furniture design, product manufacturing, and shipping. They've also adopted different approaches of self-assembly and user interaction, such as methods that reduce the need for extra materials. Improving self-transforming structures that revamp into pre-programmed shapes is perfectly feasible by printing material in varying layer thicknesses on stretched textiles.
4d Printing Market Analysis by End-User
Based on end-user, 4d printing market is segmented into automotive, aerospace & defense, healthcare, textile, and others. During the forecast period, the aerospace and defense sector is expected to hold the highest market share. The use of space memory technique in 4D printing aids in the formation of a self-deploying structure, which is particularly effective in the aerospace sector. Airbus is currently researching methods to cool aircraft engines using a smart material that reacts to temperature. There are rapid developments in the defense sector. Significant advances benefit the defence industry. These technological advancements can provide materials that can repair and self-replicate in response to environmental conditions.
During the forecast period, the health care segment is also expected to grow significantly owing to the advanced methods for performing better organ transplantation techniques developed for better biocompatibility, which demonstrates to be a significant driving factor for the market during the forecast period. The application of 4D printing in various new fields such as tissue engineering and self-assembling human skin biomaterials is expected to drive 4D printing market growth in this sector, resulting in increasing 4D printing market share during the analysis period.
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The North American market is expected to grow rapidly over the forecast period followed by Asia Pacific and Europe, accounting for a significant share of the overall market due to the early adoption of 4D technology, particularly in the United States, and the growing emphasis on technological advancements. The region's growth is also due to increased investment in R&D, with scientists aiming to develop 4D materials that can adapt to a variety of conditions. According to the OECD, the United States spends more on healthcare as a proportion of GDP compared to any other country. 4D scanners can be utilized in healthcare to create 4-D models of human body parts that can be utilized to make prosthetics.
During the forecast period, the Asia Pacific region is also predicted to experience substantial revenue growth. The region will grow during the forecast period due to the increased use of 4D printing in the automotive industry, resulting in increasing the 4D printing market share. This technology is extensively employed in the manufacture of luxury vehicles in addition to the production of passenger vehicles. Market growth for automobiles in both developing and advanced economies is expected to drive market revenue growth. The regional market is predicted to expand due to a significant rise in the production of new products.
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4d Printing Market Drivers
Increased Investment in Developing Latest Technology to Open New Opportunities for Players
4d Printing Market Restraints
Risks associated with Hacking to Hamper Market Growth
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Global 4d printing market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
4d Printing Market Top Player's Company Profiles
4d Printing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global 4d printing market analysis, The execution of the 4D technology concept is responsible for the North American 4D printing market robust growth during the analysis period. Due to greater competition amongst the industry participants, the use of 4D printing aids in lowering processing and manufacturing costs, which is a significant driver for the market's growth. However, the disadvantage of 4D printing is that it cannot print complex shapes with curved surfaces. These disadvantages of 4D printing can be overcome by 5D printing, thereby constraining the 4D printing market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 90 million |
Market size value in 2031 | USD 1971.15 million |
Growth Rate | 40.91% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 4D Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 4D Printing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 4D Printing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 4D Printing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
4d Printing Market size was valued at USD 90 million in 2019 and is poised to grow from USD 126.82 million in 2023 to USD 1971.15 million by 2031, growing at a CAGR of 40.91% in the forecast period (2024-2031).
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Report ID: SQMIG20C2024
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