4D printing is an advancement of 3D printing technology. The rapid developments in the 3D printing market assure a lucrative future trajectory for 4D printing. A report is recently published by Market Research Future on the global 4D printing market. The report unfolds that the global market is projected to value at around USD 162 Mn by 2022, reflecting an exponential CAGR of 39% during the review period 2019 to 2022.
4D printing is an emerging technology expected to be entirely commercialized in 2019. Thus, the next couple of years are very crucial for the growth of the market. The massive investments in research & development assure that the technology is likely to witness proliferating applications across the forecast period. This, in turn, is poised to act a growth catalyst for the 4D printing market over the next couple of years.
The technology is anticipated to witness rapid developments in the upcoming years. These advancements in technology are projected to catalyze the growth of the 4D printing market in the years to come. The support of the governments and the availability of funds for the use of the technology in different industry verticals is poised to boost revenue creation for the market players in the nearby future.
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The report includes a detailed segmental assessment of the 4D printing market to provide a breakdown and actionable insight into the market. The analysis has been conducted on the basis of application, and the segments identified are healthcare, aerospace and defense, automotive, clothing, utility, construction, and others.
The geographical assessment of the global 4D printing market covers an in-depth analysis of the regional as well as country-level basis. The major regional segments of the market are North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is expected to dictate the growth pattern of the market over the next couple of years. The technological advancement of the region, in conjunction with early adoption of these developments, is projected to drive the growth of the 4D printing market in the region in the upcoming years. Also, some of the prominent key players are based out of the region. It is likely to benefit the growth pattern of the regional market over the next few years. 3D printing technology has gained much popularity in the region. This, in turn, further assures that the 4D printing market in the region is prognosticated to flourish in North America across the forecast period.
Stratasys Ltd. (U.S), 3D Systems Corporation (U.S.), Hewlett Packard Corp. (U.S.), Materialise NV (Belgium), ExOne Co. (U.S.), Organovo Holdings, Inc. (U.S.), Autodesk, Inc. (U.S.), and Dassault Systèmes SA (France) are some of the prominent players operating in the global 4D printing market. These players are prognosticated to catalyze market growth over the next couple of years. Technological innovations are anticipated to intensify the competition in the market. The growth strategies of the players participating in the 4D printing market are projected to facilitate revenue generation in the years to come. Some of these strategies are mergers & acquisitions, product innovation, collaborations, partnerships, research & development, etc. Increasing investments in the market are also expected to unleash developmental opportunities for market players.
Latest Industry Developments:
4D printing is poised to witness increasing applications in the foreseeable future. Case to the point is, researchers at the Switzerland’s Zurich-based Federal Institute of Technology have developed the world’s smallest stents for treating artery blockages. The stents are produced using 4D printing technology and are 40 times smaller than any other stent produced till date.
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