Report ID: SQMIG20C2024
Report ID:
SQMIG20C2024 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
66 |
Figures:
73
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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REQUEST FREE CUSTOMIZATION4d 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