3D & 4D Print technology was initially used mostly in entertainment and artwork, but due to its high flexibility to simplify complex processes, it was also welcomed in various industries such as health, education, construction, etc.
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Market / Industry segment of 3D & 4D Print technology
Base Year | Market size(M$) | Duration(YEAR) | CAGR(%) | Source Name |
2019 | 63.04 | 6 | 42.95% | Market and Market |
2017 | 31.62 | 8 | 33.20% | Grand view research |
2019 | 62.02 | 6 | 41.96% | Mordor Intelligenc |
2020 | 157800 | 7 | 25.50% | Verified Market Research |
2020 | 183300 | 5 | 20.00% | Market Data Forcast |
The size of the market value changes under the influence of many factors:
the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of 3D & 4D Print technology.
Influencing factors that changes market size of 3D & 4D Print technology:
Direct drivers:
- Increasing investment in research and development of industrial companies
- Acceptance of technology in industry
- Technology advancement
Reverse drivers at the market of 3D & 4D Print technology:
- High cost of 3D & 4D Print equipment
- Availability of raw materials for production
- No access to 3D content
The market of 3D & 4D Print technology may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management.
- Technology risk
- Sales and marketing risk
- Maturity risk
- Manufacturing risk
- Funding risk
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