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Market Research Report
Product code
926801
4D Printing Market, By Material, By End Use, and by Geography - Analysis, Share, Trends, Size, & Forecast from 2019 - 2025 |
4D Printing Market, By Material, By End Use, and by Geography - Analysis, Share, Trends, Size, & Forecast from 2019 - 2025 |
Published: January 1, 2020
AnalystView Market Insights
Content info: 167 Pages
Delivery time: 2-3 business days
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4D Printing Market was valued at USD 80.9 million by 2018, growing with 30.6% CAGR during the forecast period, 2019-2025
Market Dynamics
4D printing is an advanced form of 3D printing technology that involves transformation of a 3D printed object through external stimuli such as heat, light, electricity or water. The formation of 4D printed objects is the same as 3D printed shapes; however, they have the ability to perform various functions through the use of advanced programmable materials such as carbon fiber, wood, polymers and fabric. These 'smart materials', combined with their memory property, allow easy customization of objects into specific forms. 4D printing is a state-of-the-art technology currently being researched and developed at the Self-assembly Lab at the Massachusetts Institute of Technology.
The invention of 4D printing technology increases the potential applications of using newer forms of programmable materials. Growing advancements in the 3D printing and 4D printing technologies that aim at creating products that are highly efficient, reliable, safe to use and that demonstrate the desired performance is the key factor estimated to accelerate the market growth in future. Being even more advanced than the 3D printing technology, 4D printing provides cost-efficient and sustainable methods of manufacturing objects for numerous industrial applications. As the 4D printing technology is still being developed, there is a large scope of expansion in this market during the forecast period. The growing research and development activities are further expected to attract various investors and businesses in the 4D printing market.
Material Takeaway
The market for 4D printing is expected to observe a significantly high CAGR of over 30% during the forecast period 2019-2025. The industry is segmented by material, by application and by region. On the basis of material, the market is further divided into programmable carbon fiber, programmable fabric, programmable wood and others. The programmable carbon fiber segment is estimated to lead the market share in the market by the end of 2025 as a result of highly favourable properties of carbon fiber that make it an optimal substance in automotive, aerospace, defence and other such industries.
Application Takeaway
Based on application, the 4D printing market is segmented into aerospace, healthcare, defence, automotive, construction and others. The use of 4D printing technology in the healthcare industry is anticipated to lead to the substantial growth of this segment over the next few years. Application of 4D printing in the medical industry can be attributed to the rising demand for surgical procedures, for instance, organ transplantations. According to the World Health Organization, around 139,024 organs were transplanted in 2017, a 7.25% increase over the number of transplantations in 2015.
Apart from this, 4D printed objects have a high growth potential in the automotive industry. The various parts used in automobiles can be replaced by components manufacturing using this technique while ensuring maximum safety. Furthermore, the property of these objects to repair themselves without any external aid is anticipated to increase their use in the defence sector.
Regional Takeaway
Geographically, the market is segmented into North America, South America, Asia Pacific, Europe and Middle East and Africa. The largest market for 4D printing is present in the North America region, mainly due to the developments in this industry in the United States. Further, it is expected to continue to hold the leading stance in the market in the coming years.
4D printing market in the Asia Pacific region is anticipated to witness the fastest growth over the forecast period on account of rising development and utilization of this technology, mainly in countries such as China and Japan. The increasing population in this region is another growth driving factor for the market since it results in an increase in demand for innovative automobiles as well as advanced healthcare facilities.
Key Vendors Takeaway
The key 4D printing market players profiled in the report include Stratasys Limited, Autodesk Inc., Hewlett-Packard Inc., ExOne Company, 3D Systems Corporation, Organovo Holdings, Autodesk, Inc., Materialise NV, Dassault Systemes SA among others. The market is predicted to be extremely competitive on account of increasing number of new entrants in the business.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2014 & 2016
Base Year - 2017
Estimated Year - 2018
Projected Year - 2025
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY PLAYERS
Materialise NV
Hewlett-Packard Inc.
ExOne Company
3D Systems Corporation
Organovo Holdings
Autodesk, Inc.
Autodesk Inc.
Stratasys Limited
Dassault Systemes SA
MARKET, BY MATERIAL
Programmable Carbon Fiber
Programmable Textiles
Programmable Wood - Custom Printed Wood Grain
Programmable Bio Material
Others
MARKET, BY END-USER
Aerospace
Healthcare
Military & Defense
Automotive
Textile
Others
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
fTABLE 4D Printing market: Regional snapshot (2018)