Global Smart materials Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The Smart materials Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Smart materials Business, Market Share of Product, Application and Regional Scope of Smart materials which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making.
Globally, the smart materials industry is predicted to
grow at CAGR of 13.5% in forecast period, providing numerous opportunities for
market players to invest for research and development in the market.
The global Smart Materials Market size is expected to
value at USD 98.2 billion by 2025. The market is subject to witness a
substantial growth due to the growing demand of electronic devices such as
sensors and actuators in various end-user industries, and aerospace &
defense sector.
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Rising adoption of automatic, and high-tech machines have
led to the increased demand for piezoelectric materials, in the last few years.
Numerous initiatives by local government and private bodies in order to promote
the adoption of non-conventional energy resources rather than fossil fuels have
propelled the demand for smart materials such as piezoelectric devices in the
market, in recent years. Numerous benefits offered by smart materials such as
reliability, and cost-effectiveness, are vital for sustained growth of the
smart materials market during the forecast period. Rising popularity of the
piezoelectric material among end-user industries is one of the critical factor
for the growth of smart materials industry, in recent years.
High-end demand from aerospace engineering industry to
achieve high performance level and fuel efficiency, has led to growth of the
smart materials market over the last few years. Smart systems have gained
popularity in both - aeronautical and astronautical engineering & sciences.
Development of latest technology involving the use of the smart materials has
fueled demand for smart materials. For instance, advent of Extreme Accuracy
Tasked Ordinance (EXACTO) bullet by The Defense Advanced Research Projects
Agency (DARPA) that uses smart actuators, is expected to revolutionizes future
of weapons manufacturing in coming years. Subsequently, rise in the global
warfare are motivating the war-torn countries to largely invest in enhancing
their defense capabilities, involving land, air, and naval forces.
A substantial increase in the defense budget by number
countries are predicated to boost demand of advanced intelligent materials.
Smart materials are largely used in defense sectors during manufacturing of
high-end weapons and warfare systems. Development of numerous warfare
strategies to strengthen war technologies, which includes cyber warfare,
intelligence tactics, and precision strike capabilities, are anticipated to
fuel the demand of smart materials in coming years. Though, absence of high-end
expertise during designing and manufacturing of such systems are negatively
impacting growth of the market. Additionally, limited commercial viability of
the devices coupled with lack of awareness among end users are restring growth
of the market, in recent years.
Smart materials, also termed as intelligent or responsive
materials, that specifically designed to include multiple properties, which
makes them to respond during external stimuli in controlled way. The external
stimulus includes the changes in atmospheric pressure, temperature, humidity
content, pH level, electric field, magnetic field, light intensity, and
bio-chemical reactions. Smart materials are used in various application such as
sensors, transducers, artificial muscles, and electrically activated polymers
(EAP's). Smart materials are widely popular in electrically activated polymers
(EAP's) application. Smart materials offer numerous advantages such as
self-adaptability, in-built mechanism, inbuilt healing properties, and memory
driven capability in wide range of applications.
The smart materials industry is divided into regional
market segment such as North America, Europe, Asia-Pacific, Latin America and
Africa. North America and European region has shown major growth in recent
years owing to substantial funding by local governments in research &
development of innovative products, rise in the implementation of latest
technologies and existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market
share in the smart materials market with massive growth in forecast period. Countries
such as India, China and Singapore are leading the Asia-Pacific’s market with
favorable governmental policies, rise in the adoption in aerospace &
defense, healthcare, automotive, and building & construction sectors and
significant investment by leading industry players considering potential
opportunities in the region. The key players in the smart materials industry
are APC International Limited, Harris Co., CeramTec Group, Kyocera Co., TDK
Co., and CTS Co.
Table of Contents
Chapter 1 Smart materials Market Overview
1.1 Smart materials Definition
1.2 Smart materials Market Size Status and Outlook
(2014-2025)
1.3 Global Smart materials Market Size Comparison by
Region (2014-2025)
1.4 Global Smart materials Market Size Comparison by Type
(2014-2025)
1.5 Global Smart materials Market Size Comparison by
Application (2014-2025)
1.6 Global Smart materials Market Size Comparison by
Sales Channel (2014-2025)
1.7 Smart materials Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Smart materials Market Segment Analysis by
Player
Chapter 3 Smart materials Market Segment Analysis by Type
And Continue…
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