Report ID: SQMIG20C2024
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.
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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