The global material informatics market size was estimated at USD 134.6 million in 2023 and is projected to reach USD 390.8 million by 2030, growing at a CAGR of 16.5% from 2024 to 2030. The increasing sophistication and diversity of materials utilized in various industries are creating a strong demand for advanced tools capable of handling complex analysis and development tasks. Modern materials play a crucial role in driving technological advancements in sectors such as electronics, aerospace, automotive, and healthcare, making their efficient management and innovation essential.

As industries strive to develop next-generation materials, there is a rising need for streamlined methods of material discovery and optimization. These methods must be capable of processing extensive datasets and accurately predicting the behavior of different materials under varying conditions. This necessity is one of the key factors fueling the expansion of the material informatics market.

In addition, the volume of data generated from experimental procedures and computational simulations continues to grow exponentially. Material informatics provides effective solutions for organizing, analyzing, and extracting actionable insights from this data. The integration of cutting-edge technologies such as machine learning (ML) and artificial intelligence (AI) significantly enhances the predictive accuracy of these systems. This enables researchers and engineers to identify promising material candidates more quickly and with greater precision.

Such technological progress not only reduces the time and cost involved in the research and development cycle but also allows for the design of materials with tailored properties. These customized materials are increasingly in demand across multiple industries, thereby contributing to the sustained growth of the material informatics market.

Key Market Trends & Insights:

• In 2023, the North America material informatics market emerged as the global leader, capturing a dominant share of 39.6% of the overall market. This leadership position can be attributed to the region's strong emphasis on sustainability and the adoption of cutting-edge manufacturing technologies. In particular, the growing implementation of advanced techniques such as 3D printing is significantly contributing to the expansion of material informatics across various industries in the U.S.

• When analyzed by material type, the elements segment stood out as the market leader, accounting for 38.0% of the global revenue share in 2023. This dominance is due to the foundational role that elemental materials play in the design and development of innovative materials, making them a central focus for data-driven research and analysis in the field of material informatics.

• From a technological perspective, the machine learning segment generated the highest revenue in 2023, highlighting its critical importance in driving material discovery and optimization. Machine learning technologies are increasingly being used to analyze complex datasets, identify patterns, and predict material behavior, thereby enhancing the efficiency and accuracy of research and development processes.

• In terms of end-use industries, the chemical and pharmaceutical sector held the largest share of the market revenue in 2023. This is largely due to the growing demand for new compounds and drug formulations, where material informatics plays a key role in accelerating the discovery and testing of chemical substances, ultimately supporting innovation and efficiency in pharmaceutical development.

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Market Size & Forecast:

• 2023 Market Size: USD 134.6 Million

• 2030 Projected Market Size: USD 390.8 Million

• CAGR (2024-2030): 16.5%

• North America: Largest market in 2023

Key Companies & Market Share Insights:

Leading companies in the material informatics market have primarily relied on strategies such as product launches and technological developments to strengthen their market presence. These initiatives have been followed by business expansion efforts, mergers and acquisitions, contracts, formal agreements, strategic partnerships, and collaborative ventures. Together, these approaches are designed to enhance market penetration and secure a stronger foothold in the highly competitive landscape of material informatics.

To gain a competitive edge, these firms have implemented a range of techniques aimed at increasing visibility, improving technological capabilities, and delivering greater value to customers. A notable example of such strategic collaboration occurred in October 2023, when NobleAI announced a partnership with Azure Quantum Elements, a cloud-based service developed by Microsoft. This collaboration merges NobleAI’s Science-Based AI solutions with Microsoft's powerful cloud computing capabilities to accelerate the pace of chemical and material discovery.

By integrating advanced molecular simulations, high-performance computing resources, and artificial intelligence, this partnership is positioned to significantly transform the research and development (R&D) process. The combined technologies enable faster time-to-discovery, support multi-scale modeling, and foster large-scale innovation. Ultimately, the goal of this collaboration is to revolutionize how new materials and chemical compounds are developed—enhancing both efficiency and scalability in R&D across industries.

Key Players

• ABB

• Citrine Informatics

• Dassault Systèmes

• Elsevier

• Hitachi High-Tech Corporation

• International Business Machines Corporation

• Lattice Technology, Inc.

• Microsoft

• Phaseshift Technologies Inc.

• Schrodinger, Inc.

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Conclusion:

The material informatics market is experiencing strong growth, driven by the integration of AI and machine learning to accelerate material discovery and development. North America leads the market due to early adoption of advanced technologies and strong industry-academic collaboration. The elements segment dominates by material type, while machine learning is the leading technology, enabling predictive modeling and data analysis. The chemical and pharmaceutical industry is the largest end-use sector, relying heavily on data-driven R&D. Growing demand for sustainable materials, faster innovation cycles, and cross-sector partnerships continue to propel market expansion across industries such as electronics, aerospace, automotive, and healthcare.