Global 4D Printing Market (2021 to 2026) – Growth, Trends, COVID-19 Impact, and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “4D Printing Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The 4D Printing Market was valued at USD 62.02 million in 2020 and is expected to reach USD 488.02 million by 2026, at a CAGR of 41.96% over the forecast period (2021 – 2026).
Companies Mentioned
- Autodesk Inc.
- Stratasys Ltd
- Hewlett Packard Enterprise Company
- CT CoreTechnologie Group
- EnvisionTEC, Inc.
- The ExOne Company
Key Market Trends
Increase in Demand for Industry 4.0 and Emergence of Industry 5.0 to Drive the 4D Printing Market
- Additive Manufacturing, also called 3D-printing, is a part of Industry 4.0. Lately, there has been many funding activities which is leading to developments in this technology. For instance, in January 2019, Essentium, a 3-D printing firm, raised USD 22 million in a Series A round, led by Materialise and Genesis Park.
- Additive manufacturing technology is still developing rapidly so companies have realized that ‘manufacturing as a service’ is a smart approach. Also, the future of additive manufacturing is the ability to produce personalize products with lower costs, less energy consumption and less material waste, which is what exactly Industry 5.0 has to offer.
- Industry 5.0 will encourage 4-D printing since it will help in concentrating on design process, rather than the manufacturing process. The freedom of design will lead to the creation of products which are more bespoke and personal.
- Industry 5.0 is projected to push the boundaries of physics on design. For instance, in the creation of next generation aircraft, there is a constraint in manufacturing capabilities when it comes to Industry 4.0. On the other hand, with Industry 5.0, the manufacturing process would be better automated, since humans will mainly focus on design of the aircraft.
North America to Account for Largest Market Share in 4D Printing Market
- The North American region, particularly the United States, is among the lead innovators and pioneers, in terms of adoption, for additive manufacturing. It is expected to retain its position as the market leader, over the forecast period.
- US- based Autodesk in December 2018 launched ADAPT, which is an additive manufacturing consortium that identifies visionary research, scalable education platforms, actionable strategic insights, and academic-industry ecosystem as the basis of its platform
- EnvisionTEC in Michigan, is one of the leading manufacturer and distributor of patented 3D rapid prototyping and manufacturing solutions for global organizations. Due to their strong customer and partner base in automotive, aerospace and medical industry, the company is planning to introduce 4-D printed prototypes in near future.
- According to OECD, The healthcare expenditure of the United States, as a percentage of GDP, is higher than any other country. 4D scanners can be brought into use in healthcare in developing 4-D models for human body parts, which can then be used for producing prosthetics.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Market Drivers
4.4.1 Increase in Demand for Industry 4.0 and Emergence of Industry 5.0
4.5 Market Challenges
4.5.1 High Development Cost and Lack of Skilled Professional
4.6 PATENT ANALYSIS
4.7 ASSESSMENT OF IMPACT OF COVID-19 ON THE INDUSTRY
5 MARKET SEGMENTATION
5.1 Type of Programmable Material
5.1.1 Programmable Carbon Fiber
5.1.2 Programmable Textiles
5.1.3 Programmable Bio material
5.1.4 Programmable Wood
5.2 End User
5.2.1 Medical
5.2.2 Aerospace and Defense
5.2.3 Automotive
5.2.4 Other End Users
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Autodesk Inc.
6.1.2 Stratasys Ltd
6.1.3 Hewlett Packard Enterprise Company
6.1.4 CT CoreTechnologie Group
6.1.5 EnvisionTEC, Inc.
6.1.6 The ExOne Company
6.2 Major Initiatives by Research Agencies
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/fcs5hv
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