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.
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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.
The researchers have considered all the factors influencing the growth of the Programmable Materials market on a global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors in the Programmable Materials market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Programmable Materials market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
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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.
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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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 Carbon Fiber
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Military & Defense
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Key Questions Answered in the Report:
What will be the estimated growth rate of the Programmable Materials market by 2028?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Programmable Materials market throughout the forecast period?
What are the current and future market trends in the Programmable Materials market?
What are the sales and price analyses of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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