Global Programmable Materials Market Size showed significant growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, global programmable materials market is expected to grow at a CAGR of XX.XX% during the forecast period, i.e. 2017-2025.

Programmable materials are compositions of materials designed specifically to become vastly dynamic in their form and function to serve numerous functions across various industries such as military & defense, aerospace, healthcare and others. Programmable materials are cost-effective and can be optimized limitlessly across several industries such as aerospace and construction for multiple purposes.

Global Programmable Materials Market Opportunities Analysis, By 2017-2025

Market Dynamics:

Programmable materials market is anticipated to rise significantly over the forecast period, owing to advancements made in 3D and 4D printing technology, which enables the production of smart materials that are capable of self-transformation (one shape to another). For instance, in August 2018, researchers at City University of Hong Kong (CityU) developed world’s first 4D printing method for ceramics. Rising research & development activities in the field of nanotechnology and 4D printing is aiding to the growth of programmable materials market, as they have potential to reduce the processing and manufacturing costs of products across various industries. Furthermore, rising demand for sustainable products due to environmental issues, coupled with minimal maintenance required in handling of programmable materials are anticipated to boost the growth of programmable materials market. However, high cost of development and intellectual property right concerns associated with programmable materials can hinder the growth of programmable materials market over the forecast period.

Segment Analysis:

Among the products, programmable carbon fiber materials are projected to hold the major market share over the forecast period, owing to their beneficial characteristics such as low weight, high stiffness and high tensile strength. Rise in aerospace and defense industry is expected to boost the growth of programmable carbon fiber materials as they are of great importance for the development of aircraft parts such as airplane wing and light-weighted, self-transformable defense arms. According to Wisconsin Economic Development Corporation (WEDC), by the year 2018, aviation business in Middle East is anticipated to surpass US$ 1 billion.

Among end-users, military & defense industry is expected to witness a steep rise over the forecast period, owing to rising demand of programmable self-healing materials in the industry. There are several usage of programmable materials in military and defense industry, some of them include utilization of programmable materials to manufacture a soldier’s gear (that needs to be change adaptive in extreme situations) and production of self-destructive tools to ensure security of confidential data.

Regional Insight:

North America is expected to be the fastest growing region and holding the major market share over the forecast period, due to rapid technological advancements and their higher adoptation in the region. Initialization of 4D printing technology in the U.S., which is highly advantageous in the development of programmable materials, is one of the major reasons for the growth of the region during the upcoming years. Furthermore, presence of prominent players such as MIT Self-Assembly Lab and Hewlett-Packard Inc. in North America, coupled with growing research & development activities in the field of programmable matters are projected to boost the growth of programmable materials market in the region.

Global Programmable Materials Market Opportunities Analysis, By Regional 2017-2025

Asia Pacific is anticipated to be growing significantly over the forecast years due to rising focus on new products development that are able to change their dynamics in different conditions. Growing construction and healthcare industry in the Asia Pacific is fueling the demand of advanced materials that are capable of self-transformation, which in-turn is aiding to the growth of programmable materials market.

Global Key Players

Key companies operating in global programmable materials market include Materialise NV, Organovo Holdings Inc., MIT Self-Assembly Lab, Stratasys Limited, Dassault Systemes S.A., Autodesk Inc., ARC Centre of Excellence for Electromaterials Science (ACES) and Hewlett-Packard Inc. Research institutes and key market players are focusing on the development of advanced programmable materials that would be compatible for various industries and will reduce the traditional operational cost. For instance, in 2016, University of Pittsburgh’s researchers developed a hybrid material system that is capable of recognizing simple patterns. This system can perform computational tasks without requiring any external source of electricity.

Global Programmable Materials Market Report Offer You!

Global Programmable Materials Market size report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.

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