PUBLISHER: Grand View Research | PRODUCT CODE: 1553617
PUBLISHER: Grand View Research | PRODUCT CODE: 1553617
The global material informatics market size was estimated at USD 134.6 million in 2023 and is projected to grow at a CAGR of 16.5% from 2024 to 2030. The increasing complexity of materials used across industries demands sophisticated tools for analysis and development. Advanced materials are integral to innovations in sectors such as electronics, aerospace, automotive, and healthcare. The need for efficient material discovery and optimization methods, which can handle vast datasets and predict material behaviors, is propelling the market forward.
With the proliferation of data generated from experiments and simulations, material informatics offers solutions for managing and interpreting this information effectively. Moreover, the integration of machine learning and artificial intelligence enhances predictive capabilities, allowing for faster and more accurate material discovery. These technological advancements enable researchers to accelerate the development of new materials with customized properties, driving market growth.
The rise in collaborative and interdisciplinary research also contributes to the growth of the market. As materials science intersects with fields such as computational science, data analytics, and engineering, there is a growing need for integrated tools that facilitate collaboration across disciplines. Material informatics platforms enable researchers from diverse fields to share data, models, and insights, promoting innovation and accelerating discoveries. This collaborative approach enhances the development of new materials and optimizes existing ones, driving demand for advanced material informatics solutions. The trend toward interdisciplinary research highlights the increasing importance of material informatics in addressing complex scientific and engineering challenges.
The growing emphasis on sustainability and environmental impact is shaping the material informatics industry. Industries face increasing pressure to develop materials that are high-performing and environmentally friendly. Material informatics tools assist in the design and optimization of sustainable materials by predicting their lifecycle impacts and identifying eco-friendly alternatives. This focus on sustainability drives the adoption of material informatics solutions that support green chemistry and circular economy principles. As companies and researchers work to meet environmental regulations and achieve sustainability goals, the demand for material informatics technologies that support these objectives continues to rise. This trend toward sustainability is a significant factor contributing to the market's growth.
Global Material Informatics Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global material informatics market report based on material type, technology, end-use, and region.