According to the report titled ‘GLOBAL 4d Printing Market 2019-2028’, available with Market Study Report, global 4D printing market is anticipated to register a y-o-y growth rate of 26.04% during 2019-2028.
 

Various factors propelling the growth of worldwide 4D printing market are rapid industrialization with implementation of Industry 4.0, and recent emergence of Industry 5.0 which aims to offer personalized production with lower costs and minimum energy consumption. Also, cognizance of sustainable manufacturing is also aiding the popularity of 4D printing.
 

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On the contrary, rise in development costs, coupled with scarcity of skilled manpower, and intricate coding process are major restraints in the market sphere.
 

Based on material, the market is bifurcated as programmable carbon fiber, programmable textile, programmable wood, and others. Speaking of end users, global 4D printing industry is divided into military & defense, automotive, aerospace, healthcare, textile, and others.
 

Geographically, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa are major growth hubs for worldwide 4D printing market. As per the report, North America is touted to account for significant industry share over the forecast period, owing to presence of various leading firms in the region. Cognizance of technological advancements in 3D printing technology, and heavy investments for evolution of 4D printing technology are further catalyzing the market growth in North America.
 

On the competitive front, Stratasys Ltd., Massachusetts Institute of Technology, ARC Centre of Excellence for Electromaterials Science, Autodesk Inc., HP Development Company L.P., CT CoreTechnologie Group, EnvisionTEC Inc., Organovo, and ExOne. These industry behemoths are emphasizing on research & development activities in order to introduce innovation and expand their offering, thereby gaining competitive edge.