4D printing market size will reach USD 1,971.4 million in 2030

VANCOUVER, BC, March 4, 2022 /PRNewswire/ — The size of the global 4D printing market was $87.8 million in 2021 and register a revenue CAGR of 41.3% over the forecast period, according to the latest analysis from Emergen Research. Growing demand for technological innovation in the aerospace and defense sectors is a major factor expected to drive the market revenue growth.

Drivers:

The growing need to reduce manufacturing and processing costs and deploy more efficient management of materials and resources needed for conventional manufacturing practices are key factors that are expected to support the demand for 4D printing solutions and drive the growth of the Marlet. The self-transforming ability of 4D printed structures allows a limited number of materials to be used for multiple purposes, reducing the waste of natural resources and reducing the impact on the environment. The growing emphasis on ensuring environmental sustainability is expected to drive the demand for 4D printing over the forecast period.

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Constraints:

High development costs, rising concerns among decision makers as the technology is still emerging, rising intellectual property rights issues, and potential security risks are some of the factors expected to hamper the growth of the market for 4D printing during the forecast period.

Growth projections:

The global 4D printing market is expected to register a CAGR of 41.3% during the forecast period and revenue is expected to increase by $124.3 million in 2022 at $1,971.4 million in 2030. Rising need for resource management and reduction in manufacturing costs of various parts, implants, and structures, among others, are key factors fueling the market revenue growth.

COVID-19 impact analysis:

The COVID-19 pandemic has led to a significant decrease in the number of businesses around the world and created a number of challenges in various sectors. Industries have also been impacted by social and economic disruptions, the implementation of extended lockdowns and social distancing norms, and other restrictions have created significant growth challenges in the economic landscape.

Despite the pandemic, 4D printing has continued to gain traction and the technology has proven useful in manufacturing smart medical devices to treat COVID-infected patients. This printing technique allows fabricated parts to change shape in varying environmental temperatures, resulting in increased innovation in patient treatment.

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Current trends and innovations:

4D printing technology enables customers to use fewer materials for a variety of products and purposes, and also aids in the development of materials capable of changing properties, behavior patterns, and transforming in response to external stimuli such as temperature, pressure and others. . These cutting-edge features are expected to drive further advancements in technology, which is a trend in the global 4D printing market.

Industry 5.0 is expected to sustain the traction of 4D printing as it will allow designers to focus on the design process rather than the manufacturing process. Design freedom will result in the creation of more bespoke and personalized products.

Geographical perspectives:

market in Asia Pacific is expected to register a very rapid revenue growth rate over the forecast period due to the increasing use of 4D printing in the automotive industry and the increasing manufacturing of passenger and luxury vehicles.

Strategic initiatives:

Some major companies in the global market report include 3D Systems Corporation, Autodesk, Inc., Hewlett-Packard Company, Organovo, Materialize NV, EnvisionTEC, Inc., Dassault Systèmes SE, ExOne, Heineken NV, and Aerojet Rocketdyne Holdings Inc.

  • In January 2019, Autodesk has developed new generative design software that works directly with HP Multi Jet Fusion 3D printers. The design-to-print workflow for additive manufacturing was designed specifically for HP 3D printers to streamline the conversion of digital designs into physical parts. In addition to working with HP, the company is also working with GE Additive to create an integrated workflow for GE 3D printers, which will lead to advancements in 4D printing techniques.

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Emergen Research has segmented the global 4D printing market based on material type, end use and region:

  • Material Type Outlook (Revenue, USD Million; 2019-2030)
    • Programmable carbon fiber
    • Programmable Wood – Custom Printed Wood Grain
    • Programmable textiles
  • End-Use Outlook (Revenue, USD Million; 2019-2030)
    • Aerospace and Defense
    • Automotive
    • Construction
    • Clothes
    • Health care
    • Utility
    • Others

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  • Regional Outlook (Revenue, USD Million; 2019-2030)
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Benelux
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Latin America
  • Middle East & Africa
      • Saudi Arabia
      • United Arab Emirates
      • South Africa
      • Turkey
      • Rest of MEA

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About Emergen Research

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