Press release
The Global 4D Printing Market to Gain $236.22 Billion by 2028
Global 4D Printing Market
A study by Triton Market Research with the title ‘Global 4D Printing Market,’ covers the Global Analysis and Forecast for 2019-2028 by Material (Programmable Textiles, Programmable Fiber, Programmable Wood), by Industry Vertical (Textile, Automotive, Aerospace, Healthcare, Military & Defense, Others), and by Geographical Region (Europe, Latin America, Asia-Pacific, North America, Middle East and Africa).
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According to the report on the global 4D printing market, the industry will generate $236.22 billion by 2028, showcasing a CAGR of 26.04% in the forecasted years between 2019 and 2028.
4D printing is a process in which 3D printed objects change their shape or size according to the changing conditions in the environment. It adds the dimension of time into the 3D printing process.
The increasing adoption of Industry 4.0 is driving the growth of the 4D printing market. Industrial 4.0 is an ongoing industrial revolution that includes additive manufacturing, also called as 3D printing or 4D printing. The increasing demand for mass customization is challenging the traditional means of manufacturing, and additive manufacturing is gaining a lot of traction. However, the high initial cost of development is restraining the growth of the 4D printing market. At present, there are only a few companies developing technologies to support 4D printing.
The 4D printing market is primarily segmented into two parts as material and industry vertical. The first segment, material, trifurcates into programmable textiles, programmable fiber and programmable wood. The second segment, industry vertical, includes textile, automotive, aerospace, healthcare, military & defense and others.
As per the regional landscape, North America is estimated to be the fastest-growing region in the 4D printing market over the projected years. The region is also likely to be the largest market of 4D printing with the highest contribution. There is an increased public awareness regarding advanced technologies, including 3D and 4D printing technology. The increasing healthcare expenditure is primarily driving the regional market growth. 4D printers are expected to find applications in the healthcare sector, primarily for developing prosthetics, which are used post limb amputations surgeries. Due to the increasing prevalence of diabetes in the region, there is a high rate of amputation every year. This is likely to increase the adoption of 4D printing in North America. Besides, the region is home to several 3D printing pioneers, who are supporting the 4D printing use-cases.
Some prominent names in the 4D printing market are Organovo Holdings Inc, CT CoreTechnologie Group, ExOne, Hewlett Packard Enterprise Development LP, Autodesk Inc, Massachusetts Institute of Technology, EnvisionTEC Inc, Stratasys Ltd and Arc Centre of Excellence for Electromaterials Science (ACES).
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Question & Answer: 4D Printing Market
Question 1: Which factor is driving the growth of the global 4D printing market?
Answer: The increasing adoption of Industry 4.0 is driving the growth of the 4D printing market. Industrial 4.0 is an ongoing industrial revolution that includes additive manufacturing, also called as 3D printing or 4D printing. The increasing demand for mass customization is challenging the traditional means of manufacturing, and additive manufacturing is gaining a lot of traction.
Question 2: What is restraining the growth of the 4D printing market?
Answer: The high initial cost of development is restraining the growth of the 4D printing market. At present, there are only a few companies developing technologies to support 4D printing.
Question 3: In which way is North America impacting the 4D printing market?
Answer: As per the regional landscape, North America is estimated to be the fastest-growing region in the 4D printing market over the projected years. The region is also likely to be the largest market of 4D printing with the highest contribution. There is an increased public awareness regarding advanced technologies, including 3D and 4D printing technology. The increasing healthcare expenditure is primarily driving the regional market growth.
4D printers are expected to find its applications in the healthcare sector, primarily for developing prosthetics, which are used post limb amputations surgeries. Due to the increasing prevalence of diabetes in the region, there is a high rate of amputation every year. This is likely to increase the adoption of 4D printing in North America. Besides, the region is home to several 3D printing pioneers, who are supporting the 4D printing use-cases.
Question 4: Which are some of the prominent names in the 4D printing market?
Answer: Some prominent names in the 4D printing market are Organovo Holdings Inc, CT CoreTechnologie Group, ExOne, Hewlett Packard Enterprise Development LP, Autodesk Inc, Massachusetts Institute of Technology, EnvisionTEC Inc, Stratasys Ltd and Arc Centre of Excellence for Electromaterials Science (ACES).
Related Report:
Global 3D Printing Market
The Global 3D Printing Market is estimated to gain $40.54 billion by the year 2027, showcasing a CAGR of 16.54% in the projected period 2019-2027.
As compared to the traditional method of production, 3D printing has advantages like increased customization, better inventory management, cost-efficiency and unprecedented flexibility. Besides, the time span for production has also increased with the adoption of 3D printing technology. It also provides higher resolution and detailed quality when used in the textile and jewelry market. These benefits of 3D printing over conventional printing techniques are likely to push the demand for the studied market.
Unlike conventional printing machines, 3D printers can make use of multiple materials simultaneously for printing. These printers support different materials like ceramics, polymers and metals. The growing trend of multiple inputs is likely to fuel the adoption of 3D printing in the market. This technology is being increasingly adopted in different application sectors, including healthcare, automobile, industrial, archaeological, fashion, textile, jewelry, and consumer products like smartphones & tablets. The increasing application is driving the 3D printing market growth.
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