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4D Printing Market Technological Innovations and Future Opportunities 2024 by Top Companies Autodesk, Dassault Systèmes, Materialise, Massachusetts Institute of Technology, HP, Stratasys, 3D Systems Corporation
4D Printing Market
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The technology is an extension of 3D printing technology and offers customers and end users enhanced efficiency, quality, and performance abilities over manufacturing techniques. The rising demand from hardware manufacturers and software solution suppliers owing to technological advancements in scanning is anticipated to drive the 4D printing market growth. Technological advancements such as 3D digitization are offering end-users high resolution which will provide a positive impetus to the 4D printing market growth.
The necessity to condense the manufacturing and processing costs due to severe competition amongst industry players is expected to be a key factor accelerating the 4D printing market growth. The technology is based on 3D printing technology and offers a new model to accommodate the present commercial requirements by providing lesser marketing time, inventories, and the need for capital thereby boosting business efficiency.
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Rising insecurity of policy makers owing to the technology not being commercialized, high development costs, and growing issues associated with intellectual property rights are some of the factors which are anticipated to hinder the 4D printing market development. However, the growing opportunities for key industry players are projected to subdue the factors, thereby propelling the industry growth over the forecast timespan.
Based on the materials, the 4D printing market can be segmented into programmable carbon fiber, programmable textile, and programmable wood grain. The programmable carbon fiber materials are predicted to witness a high growth over the coming years owing to their features, such as tensile strength, low weight, and high stiffness, thereby making them useful for many industrial applications. The material helps in decreasing the total weight and reducing failure-prone mechanisms, which will drive the industry adoption.
On the basis of end users, the 4D printing market can be bifurcated into industries such as aerospace, automotive, healthcare, military & defense, and others. The military & defense industry is expected to rise as the fastest growing segment due to its ability to self-replicate and repair itself in external environmental conditions. Several countries are developing modern technologies, which offer military & defense safety against toxic gases, providing a positive growth opportunity.
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Key players operating in the 4D printing market include industry leaders and research facilities such as Autodesk, Inc., Dassault Systemes S.A., Materialise NV, Massachusetts Institute of Technology, Hewlett-Packard, Inc., Stratasys, Ltd., 3D Systems Corporation, ExOne Co., ARC Centre of Excellence for Electromaterials Science (ACES), and Organovo Holdings, Inc.
Browse Related Report: - Construction Robot Market Opportunity and Forecast 2018 to 2024 by Application, Key Companies and Regional Outlook
https://www.marketwatch.com/press-release/construction-robot-market-opportunity-and-forecast-2018-to-2024-by-application-key-companies-and-regional-outlook-2019-01-16
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