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Programmable Materials Market Segmentation by Product Type (Programmable Textiles, Programmable Wood, Programmable Carbon Fiber); and by End-Users (Construction, Healthcare, Military & Defence, Automotive, Textiles, and others) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Extensive insights into the Growth of Programmable Materials Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Programmable Materials Market Highlights 2020-2029

The programmable materials market is estimated to grow with a significant CAGR during the forecast period, i.e., 2021-2029. The rise in research and development activities in the field of 4D printing and recent advancement in nanotechnology supports the growth of the programmable market. Also, these materials can reduce the manufacturing and processing costs of products across numerous industries. Growing demand for sustainable merchandises due to environmental issues, combined with marginal maintenance required in the handling of programmable materials, is estimated to boost the growth of the programmable materials market. According to the U.S. Census Bureau the total spending on the construction industry in the year 2020 accounted for USD 1,432,341 million. These costs could be reduced to some extent with the usage of programmable materials.

Programmable Materials Market

On the basis of product type, the programmable carbon fiber material segment is expected to capture the major market shares in the forecast period owing to its advantageous characteristics, including high tensile strength, high stiffness, and low weight. Moreover, rise in the defense and aerospace industry is also anticipated to boost the programmable material segment.

The market is segmented by end-users into construction, healthcare, military & defense, automotive, textiles, others out of which, the military & defense industry segment is anticipated to capture the major market share in the forecast period, owing to the increasing demand for programmable self-healing materials in the military and defense industry. The other uses include the production of self-destructive tools to ensure confidential data security and the utilization of programmable materials to manufacture a soldier’s gear. CLICK TO DOWNLOAD SAMPLE REPORT 

Programmable Materials Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The North America market is predicted to grow at the highest CAGR over the forecast period due to the initialization of 4D technology, mainly in the United States, and the increasing focus on the developments in the technology. The continent is progressively investing in research & development, and scientists are concentrating on developing 4D material that has the capability to adapt to different environmental conditions. According to the Organization for Economic Co-operation and Development, the healthcare spending of the United States is higher than that of other countries, as a percentage of GDP. 4D scanners can be used in healthcare to develop 4-D models for human body parts, which can then be used for designing prosthetics. Moreover, in the upcoming years, Asia-Pacific and Europe are also expected to have a noteworthy contribution to the programmable materials market.

Programmable Materials Market

The global programmable materials market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • 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 & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global programmable materials market includes the following segments:

By Product Type

  • Programmable Textiles
  • Programmable Wood
  • Programmable Carbon Fiber

By End-User

  • Construction
  • Healthcare
  • Military & Defense
  • Automotive
  • Textiles
  • Others

Growth Drivers

  • Advancements in 3D and 4D Printing Technology
  • Rising Demand for Sustainable Products

 Challenges

  • High Initial Costs
  • Intellectual Property Right Concerns

Top Featured Companies Dominating the Market

  • Autodesk Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Hewlett-Packard Inc.
  • Stratasys Ltd.
  • CT Core Technologie Group
  • EnvisionTec Inc.
  • Other prominent players

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