This is increasing the adoption of 4D printing, which is anticipated to augment the market growth.Īs greenhouse gas and harmful materials are not released in the production of 4D printing devices, they are increasingly deployed to reduce carbon footprint as the concerns regarding rapid climate change surges. The 4D printing technology offers the additional benefit of resource management by allowing the use of one system for more than one application as per requirement, thus marking a step towards sustainability. As 4D printing can eliminate middlemen and reduced labour force, various companies are increasingly investing in the 4D printing technology to increase profitability owing to the rising labour costs. The advancements in the 4D printing technology can enable the manufacturers to develop innovative products cost-effectively while offering ease of access and improved efficiency, which is expected to augment the industry growth. The rising demand for innovative products and the growing competition in the manufacturing industry are the key reasons catalysing the growth of the market. Growing Demand for Innovative and Cost-Effective Products to Augment the Growth of the 4D Printing Industry The EMR report looks into the regional markets of 4D printing like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. On the basis of end users, the market is divided into: This shape changing phenomenon is based on the materials’ ability to transform over time in response to the stimuli, eliminating the need for human intervention to aid the change.īased on the type of programmable material, the market is segmented into: With the introduction of 4D, the 3D printed objects acquire the potential to change their shape, when stimulated by external conditions such as light, electricity, pressure, and heat, among others. The addition of the fourth dimension to the 3D printing technology is termed as 4D printing. Such research and development (R&D) activities are aiding the market growth of 4D printing. Similarly, at the Lee’s lab at Rutgers University, experiments are being performed on materials that would change when triggered by heat. For instance, the researchers at Self Assembly Lab at the Massachusetts Institute of Technology leveraged Autodesk’s Cyborg Software and Stratasys 3D printers for the development of materials that can change shape when stimulated by water. Moreover, the increasing research activities in the region is also positively impacting the market growth. The United States accounts for a major share in the overall market due to the rapid adoption of the latest technologies. North America holds a significant share of the 4D printing industry owing to technological advancements in the region. North America to Contribute Significantly to the Growth of the 4D Printing Industry Various benefits, such as cost-effectiveness, easy accessibility, affordability, and enhanced efficiency, associated with 4D printing is providing further impetus to the market growth. Moreover, the increasing demand for flexible objects that can be transformed by external stimuli in various applications such as adaptive wind turbines and self-fold packaging, among others, is augmenting the industry growth. The rapid evolution of technology to eliminate manual labour in various industries, such as the healthcare, defence, and manufacturing industries, among others, is leading to a surge in the adoption of 4D printing technology, hence propelling the market growth. Technological Advancements to Boost the Market Growth of 4D Printing Read more about this report - REQUEST FREE SAMPLE COPY IN PDF The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 45% to reach nearly USD 558 million by 2026. The global 4D printing market attained a value of nearly USD 60 million in 2020.
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