Hardware Computing Market Size Will Exceed US$782.2 Million By

Tokyo, Jan. 24, 2022 (GLOBE NEWSWIRE) — According to Precedence Research, the hardware computing market size was worth US$91.7 million in 2021. Materials informatics is the application of data-centric methodologies to materials science research and development. It can take many forms and affect all aspects of research and development. Materials informatics is primarily based on the use of data infrastructures and machine learning solutions to create new materials, discover materials for a certain purpose, and optimize the way they are tested.

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Several applications and end-user sectors have begun to apply comparable design techniques. The increase in innovations in AI-based solutions from other industries is due to factors such as technological advancements, massive advances in data infrastructure, and better knowledge and understanding of technologies.

In recent years, the application of materials informatics to find attractive new materials has been successful. A significant example is the discovery of new super hard materials. Existing materials, such as osmium and rhenium, are used in abrasives and cutting tools, but they require high synthesis conditions or contain very rare elements.

Artificial intelligence has been proposed in almost every industry. Although materials science research and development is lagging behind and facing many industry-specific challenges, opportunities are beginning to emerge and the potential impact is significant.

Report cover

Report Highlights Details
Market size by 2030 $782.2 million
CAGR from 2021 to 2030 26.9 %
Biggest earner North America
Fastest growing region Asia Pacific
Year of reference 2021
Forecast period 2021 to 2030
Companies covered Exabyte.io, Nutonian Inc., Alpine Electronics Inc., Phaseshift Technologies, Kebotix, Schrödinger, Citrine Informatics, Materials Zone Ltd., BASF, AI Materia

Global Computer Materials Marlet Report Highlights:

  • North America ruled the world materials informatics market with highest revenue share in 2020 due to high tech penetration rate in the region
  • Asia-Pacific is expected to register the fastest growth rate over the next few years due to increased in-house research and development activity in Asian companies
  • Based on materials, inorganic materials dominated the global materials computing market with the highest revenue share of around 50% in 2020
  • Based on applications, the electronics segment captured a major share of revenue in 2020 owing to notable investments made for in-house R&D among companies in the industry.

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COVID-19 impact analysis:

  • The spread of COVID-19 in early 2020 disrupted the functioning of several industries, including materials science and the research sector.
  • During COVID-19, the attention of government agencies as well as reputable companies had shifted to studying the COVID-19 virus, their characteristics and treatment which hampered materials research.
  • Additionally, the country’s lockdown and social distancing norms have had a significant impact on industry operations in various sectors.

Global Computer Materials Marlet News:

  • In December 2021, Boston Micro Fabrication (BMF), a company specializing in microscale 3D printing systems, and 4D Biomaterials, a UK-based company specializing in 3D printing materials, announced the ability to print geometries on a microscopic scale using 4Degra bioresorbable materials.
  • In June 2018, Citrine Informatics and BASF announced their collaboration to apply artificial intelligence (AI) to accelerate the development of new environmental catalyst technologies. Citrine Informatics is an advanced platform that uses the power of AI to bring new materials to market faster.

By material

  • Organic materials
  • Inorganic materials
  • Hybrid materials

By techniques

  • Digital annealing
  • deep tensor
  • Statistical analyzes
  • Genetic algorithm

By request

  • chemical industries
  • Tinctures
  • Research and development agencies
  • material science
  • Culinary science
  • Electronic
  • paper pulp

By regional perspectives

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa (MEA)

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