New York, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Between 2022 and 2032, the global 4D Printing Market is anticipated to expand at a CAGR of 23.0%. It is projected to increase from a value of US$ 148.5 million recorded in 2022 to US$ 1.2 billion by 2032.
To get the tactical advantage, spending on 4D printed weaponry is anticipated to rise dramatically over the next ten years. One example of a new technology being developed by the USA Army Research Center is a soldier's uniform that can alter its own camouflage as it travels through various regions.
Their attire can successfully protect them from dangerous toxins. This potential development in the military sector is anticipated to propel growth in the worldwide 4D printing market throughout the course of the projected period.
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It is anticipated that military 4D printing would spur as a result of factors such as increasing demand, expanding military technology spending, and rising use of lightweight materials. Market expansion, however, may be constrained by reasons, including complicated design in both hardware & software and lack of process standardization. It is anticipated that technological advancements in industries 4.0 and 5.0 would offer lucrative opportunities for global market expansion.
Key Takeaways from 4D Printing Market
- Sales of 4D printing parts are anticipated to surge in the USA at a CAGR of roughly 21.7% over the anticipated time period.
- The historical era from 2017 to 2021 saw astounding growth on the global 4D printing market, with a CAGR of 30.6%.
- In 2032, the United Kingdom 4D printing market is anticipated to be worth US$ 59.4 million.
- In the assessment period, it is expected that China 4D printing market will provide an absolute dollar potential of US$ 90.1 million.
- In 2032, the 4D printing market in Japan is anticipated to be worth US$ 86.0 million.
“Increasing drone use and necessity for uniforms that may be camouflaged to meet the demand from the defense industry are important elements driving sales of 4D printing items. Demand would also be fueled by urgent need for medical supplies such as flexible organs and cutting-edge medications in the healthcare industry,” says a lead analyst at Persistence Market Research.
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Competitive Landscape: 4D Printing Market
- Autodesk, Inc.
- Stratasys Ltd.
- ExOne Co.
- Hewlett Packard Corp.
- 3D Systems Corporation
- Materialise NV
- Organovo Holdings, Inc.
- Dassault Systèmes SA
Important market rivals are continuously coming up with innovative approaches to supply high-quality items. Along with expanding their product lines, they are concentrating on patenting their innovations and technological advancements. In 4D printing, wherein they currently hold a minor position, key players are always seeking to increase their market share.
For instance,
- In February 2022, with its licensed early ideas and ground-breaking work in the field of 3D bio-printing, Organovo announced that it now has a strong foundational patent portfolio in the 4D printing area. With numerous Investigational New Drug (IND) submissions anticipated by 2025, Organovo is currently focusing on bringing medications for inflammatory bowel disease (IBD) to market. The business nevertheless intends to use the licensing income generated by its patent strength to subsidize the price of developing new medications.
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Get More Valuable Insights into 4D Printing Market
Persistence Market Research, in its new offering, provides an unbiased analysis of the 4D printing market presenting historical demand data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.
The study incorporates compelling insights on the 4D printing market based on
- material (programmable carbon fiber, programmable textile, programmable wood-custom printed wood grain),
- end user (aerospace & defense, automotive, health), and
- region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa)
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