4D Printing Market Research Report- Global Forecast 2022
The global 4D printing market can potentially touch a valuation of USD 162 Million by 2022, believes Market Research Future (MRFR). The market is anticipated to obtain a growth rate of 39% during the forecast period (2019-2022).
Primary Drivers and Key Challenges
The global 4D printing market is set to progress remarkably in the next few years, given the rising adoption of 4D printing in aerospace, military and defense, healthcare and automotive industries. Additionally, with the high potential scope for product development and innovations, the market growth in the near future is bound to happen at a rapid pace.
The mounting need to reduce the cost of manufacturing and processing is inducing market growth for 4D printing. The rising focus to elevate a sustainable environment can also positively influence the market in the coming years. Other than this, technological advancements in 4D printing are leading to technology developments both in the medical and defense sector. For instance, to reduce the number of procedures for carrying out the surgery, doctors are now using 4D printing to place self-transforming components in the patient’s body.
Furthermore, the military applications of 4D printing are now more significant than ever before. Soldiers now make use of camouflage that can adapt to diverse environments and metals. This helps augment the performance of tanks and trucks, as per the changes in the environment. Due to their properties to produce guns, machinery, and other defense technologies, 4D printing is now gaining high momentum in the military sector.
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The segments enlisted in the MRFR report include application, which is split into healthcare, aerospace and defense, construction, automotive, utility, clothing, and others.
Out of these, the automotive industry faces constant challenges, owing to the growing demand for high-quality but inexpensive components. High diligence needs to be maintained to ensure that these components are designed and manufactured retaining top quality, in a bid to endure different service environments. These factors increase the demand for 4D printing in the automotive industry significantly.
The primary regional segments of the 4D printing market are Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).
North America is known for being proactive in almost every technology-based sector, indulging in constant researches, which has made it the leading market for 4D printing. Researchers in the region are mainly focusing on 4D printing materials, concentrating on every aspect at the microscopic level. Technologies like shape memory alloys are being developed, which involves changing the temperature to influence the shape of the objects. Latest technologies in the region are now using electroactive polymers, pressurized fluids, chemicals, and smart materials, which further accelerate the demand for 4D printing market.
APAC is expected to demonstrate a quick growth rate in the coming years, given the substantial boom in the automotive industry. This has been brought on by the mounting demand for passenger cars and advanced vehicles. The passenger vehicles make high use of 4D printing owing to the population density in the region. Thus, increasing production of passenger, as well as luxury cars, is stimulating the growth of the 4D printing market in the region.
Europe is touted to be one of the strongest contenders in the global 4D printing market. The market growth is the result of the region’s openness to new technologies like 4D technology. The regional market also gains from the high focus on technological advancements and considerable investments in research & development. Scientists in the region are striving to develop 4D materials that are able to adapt to diverse environmental conditions, which works in favor of the 4D printing market.
Dassault Systèmes SA (France), Organovo Holdings, Inc. (U.S.), Autodesk, Inc. (U.S.), ExOne Co. (U.S.), Stratasys Ltd. (U.S), 3D Systems Corporation (U.S.), Hewlett Packard Corp. (U.S.), Materialise NV (Belgium), have been identified as the top players in the global 4D printing market.
Few researchers from the Department of Aerospace and Mechanical Engineering at Rutgers University have designed shape-memory polymer, metamaterials, and 3D printing to develop tunable metamaterials using the 4D printing technology. This product has the potential to be used in morphing airplane or drone wings, shock absorption mechanism, as well as soft robotics.
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4D Printing Market, by Application (Aerospace and defense, Healthcare, Automotive, Construction, Clothing, Utility, Others.), by Region- Global Forecast to 2022
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