The global Materials Informatics market is expected to reach the market value of around US$ 782.2 million by 2027 and is anticipated to grow at a CAGR of around 26.9% from 2020 to 2027.
According to Precedence Research, the global material informatics market is the application of data centric methodologies to material science research and development. This can take many forms and affect every aspect of research and development. Materials informatics is primarily built on the use of data infrastructures and machine learning solutions to create novel materials, discover materials for a certain purpose, and optimize how they are tested.
Several applications and end user sectors have begun to apply comparable design techniques. The increased innovations in artificial intelligence driven solutions from other industries is due to the factors such as technological advancements, massive advancements in data infrastructures, and improved awareness and understanding of technologies.
In recent years, the application of materials informatics to find novel attractive materials has been successful. One significant example is the discovery of new super hard materials. The existing materials, such as osmium and rhenium, are utilized in abrasives and cutting tools, but they need high synthetic conditions or contain very rare elements.
The artificial intelligence has been proposed in almost every industry. Although material science research and development is behind the curve and faces numerous industry specific challenges, the opportunities are beginning to emerge, and the potential impact is considerable.
Global Materials Informatics Market Report Highlights:
- North America dominated the global materials informatics market with the highest revenue share in the year 2020 owing to high technology penetration rate in the region
- The Asia Pacific anticipated to register the fastest growth rate over the forthcoming years due to rising internal research & development activity in the Asian companies
- Based on material, inorganics materials led the global materials informatics market with the highest revenue share of approximately 50% in the year 2020
- On the basis of application, electronics segment captured significant revenue share in the year 2020 because of the notable investments made for the internal R&D among the companies in the industry
Key Questions Answered
- Which regions will continue to remain the most profitable regional markets for materials informatics market players?
- Which factors will induce a change in the demand for materials informatics during the assessment period?
- How will changing trends impact the global market?
- What effect will the COVID-19 pandemic have on the global Market
- How can market players capture the low-hanging opportunities in the materials informatics market in developed regions?
- Which companies are leading the global market?
- What are the winning strategies of stakeholders in the global market to upscale their position in this landscape?
View Full Research Report@ https://www.precedenceresearch.com/material-informatics-market
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the materials informatics market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of this market study are as follows – statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as validation from companies in the market and makes the projections on the growth prospects of the global markets more accurate and reliable.
For a better understanding of the global materials informatics market, analysts have segmented the market.
Market Segmentation:
By Material
- Organic Materials
- Inorganic Materials
- Hybrid Materials
By Technique
- Digital Annealer
- Deep Tensor
- Statistical Analysis
- Genetic Algorithm
By Application
- Chemical Industries
- Dyes
- Research and Development Agencies
- Material Science
- Food Science
- Electronics
- Paper & Pulp
By Regional Outlook
- North America
- US
- Rest of North America
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Regional Segmentation:
The global version of this report with a geographical classification such as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. These key regions focus on the consumption of materials informatics market. The creators of the report have studied the region’s growth potential to assist organizations in arranging their future investments. They also study the regulatory reforms and norms that are expected to impact the global market.
Company Profiles: Almost all the major players of this global market is profiled in this report. The creators of the report have provided information about their recent developments in materials informatics market, products, revenue, production, business, and company.
Certain noteworthy players in the materials informatics market are as follows:
- Exabyte.io
- Alpine Electronics Inc.
- Phaseshift Technologies
- Nutonian Inc.
- Schrodinger
- Citrine Informatics
- Materials Zone Ltd.
- BASF
- Kebotix
- AI Materia
The Final Report will cover the impact analysis of COVID-19.
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