A conscious effort is made by the subject matter experts to analyse how some business owners succeed in maintaining a competitive edge while the others fail to do so makes the research interesting. A quick review of the realistic competitors makes the overall study a lot more interesting. Opportunities that are helping product owners’ size up their business further add value to the overall study.
Programmable materials are unique composite materials such as wood, carbon fiber, textile, plastic designed to be highly dynamic in form and function. These programmable materials have the ability to adapt themselves to different conditions and are cost-effective, easily fabricated, and are capable of self-assembly and flat-pack shipping in comparison with conventional materials. Programmable materials are widely used in the construction and aerospace industries as these help in reducing manufacturing as well as processing costs. In automobiles, programmable materials are broadly used in tires as reinforcing agents and in chassis and exterior to reduce overall vehicle weight.
These materials are also used in medical field to prepare various dental devices and equipment. In addition, increasing healthcare spending, increasing investments in developing 4D models of human body parts, prosthetics is surging demand for programmable materials. Factors such as rapid urbanization, adoption of advanced technology and robust growth in medical, automotive, and textile sectors, rising investments in research and development activities are boosting global market revenue growth. Moreover, increasing investments to develop advanced programmable materials and products is expected to fuel global market growth going ahead.
However, factors such as high initial costs and development costs, and rising issues related to intellectual property rights are expected to hamper overall growth of the programmable materials market between 2021 and 2028.
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Some key highlights in the report:
Based on product type, the programmable carbon fiber segment is expected to account for dominant market share among other product types between 2021 and 2028 owing to high usage of carbon fiber material in aerospace and defense, construction, and automotive sector due to its favorable features such as high tensile strength, low weight, and stiffness.
The programmable textiles segment is expected to register steady revenue CAGR throughout the forecast period owing to increasing usage of programmable textiles in furniture designing, shipping, and product manufacturing.
Among the end use segments, the military and defense segment is expected to account for largest revenue share over the forecast period owing to rising demand for self-healing, smart and strong military systems, and extensive usage of programmable materials in manufacturing and processing of airplane wings, solider gear and rising demand for self-healing materials such as micro-crack healing on aircrafts, roads, and military equipment.
North America programmable market is expected to account for largest revenue share in the global programmable market over the forecast period. Presence of leading market players, rapid growth in 4D printing and nanotechnology, rising investments in research and development activities, and increasing adoption of programmable materials in healthcare, aerospace, and defense industry are key factors boosting North America market growth.
The programmable materials market in Asia Pacific is expected to expand at fastest CAGR throughout the forecast period. Factors such as emergence of market players, rapid advancements in automotive and building & construction sectors, increasing adoption of sustainable products due to rising environmental concerns, increasing research and development activities, and increasing disposable income are boosting Asia Pacific market growth.
Leading players in the global programmable market include Materialise NV, Organovo Holding Inc., Network Systems, ATRIA Innovation, Dassault Systèmes, Autodesk Inc., Stratasys Ltd., EnvisionTec Inc., MIT Self-Assembly Lab, Hewlett-Packard Inc., ARC Centre of Excellence for Electromaterials Science and Core Technologie Group.
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For the purpose of this report, Emergen Research has segmented the global programmable materials market on the basis of product type, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
Programmable Textiles
Programmable Wood
Programmable Carbon Fiber
End Use Outlook (Revenue, USD Billion; 2018–2028)
Construction
Healthcare
Military & Defense
Automotive
Textiles
Others
Regional scope: – North America; Europe; Asia Pacific; Central & South America; MEA
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Create an everlasting reputation:
The report on global Programmable Materials market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focussing on for the estimated period. The research further holds vital information on the size of market and data on the prominent leaders’ product owners have to compete with, in the coming years. Assessments of the broad strengths, as well as weaknesses too, add value to the overall research. Products details not only cover the popular applications and its performance, but it also unveils certain trends and value of specific products within specific regions.
Get to know the business better:
The global Programmable Materials market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that’s better than others.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2028
Chapter 3. Key Insights
Chapter 4. Programmable Materials Market Segmentation & Impact Analysis
4.1. Programmable Materials Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Stringent environmental regulations
4.2.2.2. Rising need to reduce bacterial or algal contamination in water systems
4.2.2.3. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
4.2.3.1. Fluctuating prices of raw material
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Programmable Materials Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Programmable Materials Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Programmable Materials Market Regional Outlook
Chapter 8. Competitive Landscape
Continued…
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