The global 4D printing market was valued at US$ 65.1 Mn in 2020 is expected to reach US$ 489.2 Mn by 2027, with a growing CAGR of 42.1% during the forecast period (2021-2027).
4D printing is expected to play a very important role in the manufacturing process, thus drives the market demand in the coming future
The ability of 4D printed objects to self-transform, allows it to make use of limited resources as it responds to external stimuli, which leads to easier after-use disposition of the object, thereby contributing toward maintaining a sustainable environment.
Rising emphasis on ensuring a sustainable environment is anticipated to fuel the 4D printing market growth over the forecast period. The companies in the 4D printing market have started implementing various strategies to develop the product for the long term. 4D printed product would require lesser manufacturing, transportation, and handling costs, which, in turn, further helps in saving the resources and efforts, thereby sustaining the environment. The printing technology allows programmed material to be 1D or 2D printed and to self-transform into a 3D object according to the embedded program. This growth would further fuel the increasing need to reduce the manufacturing and processing cost and to ensure a sustainable environment.
4D printing is an advanced extension of the 3D printing, and it is widely being adopted across medical, aerospace and defense, automotive, manufacturing among others. The manufacturing industry primarily encounters new challenges, with the rising demand of expensive and high-quality components. Severe persistence has been maintained for ensuring that such components are designed and manufactured with good quality, to endure a variety of service environments. The industry has attracted substantial consideration and has the potential to change the manufacturing and construction processes, thus increases the efficiency of the business which could make the manufacturing processes easier in extreme environment conditions. In addition, the 4D printing market has witnessed a growing demand for resource management, as this technology allows end-users to print objects that self-assemble or reshape themselves over time, that further shows positive trend for areas such as building construction, furniture, and robotics. This further expected to foster the demand of the 4D printing market over the coming years.
Aerospace is expected to witness high growth high growth rate followed by the military & defense segment, holding a market share of over 25% by 2027. The space memory technique which is being used in 4D printing would help in forming a self-deploying structure, which is applicable in the aerospace segment; for instance, to create air ventilation. Furthermore, Airbus S.A.S. has developed a technology to cool its engines using smart material that reacts to temperature. The 4D printed parts can change their shape and size according to the environmental factors, owing to which they are primarily being adopted across diverse set of industries.
Key players in the market include Autodesk, Stratasys, MIT Self-Assembly Lab, ExOne Co., Hewlett Packard Corp., 3D Systems Corporation, Materialise NV, Organovo Holdings, Inc.
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