September 03, 2021
According to the research report titled ‘Global 4d Printing Market 2019-2028’, available with Market Study Report, global 4D printing market is projected to register a hefty CAGR of 26.04% during the forecast period 2019-2028.
As per the findings of the research literature, rising penetration of Industry 4.0 technologies is spurring global 4D printing market growth. Moreover, emergence of Industry 5.0 solutions that aim to offer personalized object production with minimal energy consumption and cost, along with rising focus towards sustainable development are presenting new opportunities for business expansion.
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On the contrary, high development costs, lack of skilled professionals, and complex coding procedures associated with 4D printing are hindering market development.
Based on material, the market is fragmented into programmable wood, programmable carbon fiber, programmable textiles, and others. Speaking of industry vertical, the business sphere is categorized into aerospace, military & defense, textile, automotive, healthcare, and others.
All aforementioned segments are individually assessed to unveil the key avenues where stakeholders should invest their resources for generating strong returns over the forecast duration.
Considering the geographical bifurcation, key contributors to global 4D printing industry remuneration are North America (United States, Canada), Europe (France, Germany, Spain, Russia, Italy), Asia Pacific (India, China, Japan, South Korea, ASEAN countries, Australia & New Zealand), and Latin America (Mexico, Brazil).
North America market is predicted to record tremendous growth in the forthcoming years, creditable to strong presence of various 3D printing manufacturers, higher awareness about technological advancements, and inflowing investments towards 4D printing technology development.
Elaborating on the competitive landscape, Massachusetts Institute of Technology, ARC Centre of Excellence for Electromaterials Science (ACES), Organovo Inc., ExOne Co., Envisiotec Inc., CT Coretechnologies Group, Hewlett Packard Enterprise Development LP, Autodesk Inc., and Stratasys Ltd. are the major players influencing the overall 4D printing market trends.
Industry players are focusing on amplifying investments to expand their printing capabilities and application engineering in an effort to attract more customers. Apart from this, new product launches, production capacity expansion, mergers, partnerships, and acquisitions will help companies elevate their position in the marketplace.