The global material informatics market size is anticipated to grow from USD 129 million in 2023 to USD 276 million by 2028, at a CAGR of 16.3% from 2023 to 2028. Factors such as a wide range of applications, including chemical & pharmaceutical, materials science, manufacturing, food science and energy, as well as ongoing advances in informatics software due to AI/ML, digitalization and data analytics, are propelling the demand for material informatics market.
Mat3ra (US), Schrödinger (US), Dassault Systèmes (France), Citrine Informatics (US), Phaseshift Technologies (Canada) are the top five players in the material informatics market globally. These companies offer a wide range of material informatics and related software and services and have operations worldwide. They rely on their R&D capabilities and diversified product and service portfolios to increase their market share.
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Schrödinger provides chemical simulation software solutions to customers from the pharmaceutical industry. The company operates through two business segments: Software and Drug Discovery. The Software segment offers software solutions to materials science companies, as well as to transform drug discovery across the life sciences industry. The drug discovery business offers a line of solutions, such as small drug discovery products, biologics drug discovery products, and materials science products. The segment provides the material informatics platform to various industries, including semiconductor, chemical, electronics, energy, and pharmaceutical. The company has approximately 800 employees and is engaged in meeting customers expectations from more than 70 countries. The company adopts the strategy of partnerships and contracts to expand its presence worldwide, which would help Schrödinger expand its customer base and increase market share.
Dassault Systèmes is one of the key players in the material informatics market and operates in a single operating segment. The company serves end users from three main sectors: manufacturing industries, life sciences & healthcare, and infrastructure & cities. The company has developed a broad portfolio of 3DEXPERIENCE software applications through different brands to serve its customers. The company serves customers from the material informatics market through its BIOVIA brand. BIOVIA solutions offer a scientific management environment to various customers in biology, chemical, and material innovations to enhance development and innovation. The company has a global presence in more than 130 countries with 180 sites worldwide.
Mat3ra is a major player in the material informatics market. The cloud-based software company provides simulation tools and platforms for new materials development. The company is involved in providing end-to-end materials modeling platforms, computer simulation tools, and data, allowing its users to design new compounds and run physics-based and machine-learning models. The material modeling platform architected by the company allows its customers to increase the impact of high-end simulations, allows materials scientists to design and prototype new compounds rapidly and cost-effectively, and accelerates R&D in material development.
Material Informatics Market by Technique (Statistical Analysis, Genetic Algorithm, Deep Tensors, Digital Annealers), Elements (Metals, Alloys), Chemicals (Dyes, Polymers, Biomolecules), Application (Chemical, Pharmaceutical) - Global Forecast to 2028
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