Global 4D Printing Market Highlights over 2022 – 2031
The global 4D printing market is estimated to grow at a CAGR of ~40% over the forecast period, i.e., 2022 – 2031. 4D printing is the process through which a 3D printed object transforms itself into another structure under certain external stimuli. Environmental conditions, such as, submersion in water, or exposure to heat, pressure, current, ultraviolet light, or some other source of energy can make the 3D printed self-transform in shape and material property. The growth of the market can be attributed to the increasing adoption of advanced technology amongst the various end-use industry. Moreover, 4D printing deploys the same technique as 3D printing, by adding precise geometric codes. As a result, the growing applications of 3D printing, and growth in the industry is further estimated to boost the market growth. For instance, 3D printing products and services generated a revenue of more than USD 12 billion, in 2020. In addition to this, the increasing number of industrialists that are driven towards 4D printing technology, combined with the growing number of large enterprises, are foreseen to promote the market growth.
The market is segmented by end-user into aerospace, automotive, clothing, construction, defense, healthcare & utility, and others, out of which, the automotive segment is anticipated to hold a substantial share in the global 4D printing market over the forecast period on account of growing adoption of advanced technologies for manufacturing vehicles. 4D printing can help designers to achieve high level of accuracy in less time and cost, especially while manufacturing complex small parts of the vehicles. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global 4D Printing Market Regional Synopsis
On the basis of geographical analysis, the global 4D printing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing economic development, along with the presence of major automobile manufacturers in the region. Moreover, the constantly rising demand for automobiles in the developing countries is estimated to encourage the regional market growth. According to the data by the International Energy Agency (IEA), in 2019, the total car sales reached 25 million cars in China, 4 million in India, and 4 million in Japan.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing technological advancements and implementation of 3D technology. In fact, the U.S. 3D printing industry has generated exponential revenue over the past decade, making it an extremely viable market for the 4D printing technology.
The global 4D printing market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Our in-depth analysis of the global 4D printing market includes the following segments:
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
Increasing adoption of advanced technology is estimated to boost the market growth.
The market is anticipated to attain a CAGR of ~40% over the forecast period, i.e., 2022 – 2031.
The major players in the market are Materialise NV, Organovo Holdings, Inc., ExOne Co., Autodesk, Inc., 3D Systems Corporation, Stratasys, Ltd., Hewlett-Packard Company, SLM Solutions Group AG, and ANSYS, Inc.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by material, end-user, and by region.
The automotive segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
High cost of 4D printers and printing material are estimated to hamper the market growth.
The North America region is anticipated to provide more business opportunities over the forecast period owing to the high adoption of advanced technology.
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