Market Highlights:
Market Research Future (MRFR) reports that the global 4D printing market is projected to grow at USD 162 million by 2022. The market is set to expand at 39% CAGR during the forecast period (2019-2022). 4D printing is the process via which a 3D printed object turns itself into another structure due to influence of external energy input such as temperature, light or other environmental stimuli.
Industry Trends
July 2018 – Swiss designer Christoph Guberan along with Self-Assembly Lab at MIT’s International Design Center has unveiled a collection of functional inflatable lamps, vases, and vessels. These products are 4D-printed, using a technology called rapid liquid printing.
Product enhancement in tandem with technological innovations is an established trend that has managed to shape the market size favorably.
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Major Key players
Stratasys Ltd. (U.S),
Hewlett Packard Corp. (U.S.),
3D Systems Corporation (U.S.),
ExOne Co. (U.S.),
Autodesk, Inc. (U.S.),
Organovo Holdings, Inc. (U.S.),
Materialise NV (Belgium), and Dassault Systèmes SA (France) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global 4D Printing Market.
According to MRFR, the global 4D printing market is expected to grow at USD ~162 Million by 2022, at ~39% of CAGR between 2019 and 2022.
Drivers and restraints
Researches constantly trying to update 4D technology helps the market
Researchers have developed an updated technology called 4D printing, which involves state-of-the-art self-assembling materials. It is predicted that 4D printing could replace 3D printing in coming years as continuous technological developments and innovation are the current norms shaping the positive outlook of the market.
Diverse range of applications of 4D printing augments its demand
The self-transformation ability of the material aids in seeking a wide range of applications in various industries. Key players in numerous industries are already on the way to develop 4D printing technology to suit their applications. For instance, Airbus SAS (France) is currently developing a technology that can cool its jet engines using smart material that reacts to temperature.
High price to be an impeding factor in the market growth
Although there are a number of fueling the market, exorbitant expenses involved in developing smart materials will be a cause for worry researchers. However, 4D printing is touted to be the next big thing in coming years, and any investment in it will be low-risk. Investors realize this factor and continuously set efforts to update the technology. These factors will certainly create a market with great growth potential.
Regional Analysis
The regional analysis for 4D printing market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. The study indicates that North America would dominate the 4D printing market owing to the technological advancements in 3D printing and due to the high adoption of 3D printing on a large scale. The European region is expected to have the second biggest market share in the 4D printing market. As 4D printing is a niche technology Asia-Pacific region would have considerable adoption 4D printing technology by the end of forecast period.
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Intended Audience:
- Technology investors
- 3D printing original equipment manufacturers (OEMs)
- Raw material and manufacturing equipment suppliers
- Electronic design automation (EDA) and design tool vendors
- 3D printing intellectual property players
- 3D printer component manufacturers
- 3D printing product manufacturers (ODMs)
- ODM and OEM technology solution providers
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