Smart Materials Market is projected to reach a value of USD 121.29 billion by 2027 at a CAGR of 13.5%.

Smart Materials Market: Summary

The Global Smart Materials Market is projected to reach a value of USD 121.29 billion by 2027 at a CAGR of 13.5%.

The smart materials are designed material which have one or more properties that can be significantly changed in a controlled fashion by external stimulus, such as stress, moisture, light, temperature, or the chemical compounds. Also, the smart materials consist of materials which is respond to changes in their environment and then undergo a material property change. Global smart materials market is rising with increasing demand of piezo-electric devices. However, the lack of awareness among end-users are expected to hinder the growth of the market.

Smart Materials Market: Market Dynamics

Market Driver:

• Growing Demand for Sensors and Actuators in Consumer Electronics
• There has been growing demand for sensors and actuators in consumer electronics, this plays a significant role in smart materials market. The smart materials are applied in manufacturing of actuators & sensors with its advantages, which includes fast response, high energy density, compact size as well as fewer moving parts
• The Defense Advanced Research Projects Agency (DARPA) has funded the various research activities to evaluate the application potential of the product in the defense sector
• The DARPA has developed a .50-caliber bullet known “Extreme Accuracy Tasked Ordnance (EXACTO) bullet”, which involves the use of smart actuators
• For example, the smart materials are also used in smart phones as image sensors for camera, Piezoceramics and quartz, crystals in accelerometers, barometers, microelectronic components, GPS (TCXO), gyroscopes, hygrometers, and light sensors
• Furthermore, the smart materials are being mainly used in manufacturing of electronic instrument such as sensors, actuators, electroactive polymers etc.
• Rising Demand of Piezo-Electric Devices
• Rising in the Defense Budget

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Market Challenges:

• Lack of Awareness Among End-Users

Smart Materials Market: Key Segments

The smart materials market is majorly segments into product, application and end-user.

• On the basis of product, the market is sub segmented into piezoelectric materials, shape memory materials, phase change materials, electrochromic materials, electrostrictive materials, magnetostrictive materials and others. The piezoelectric materials is excepted to accounted for the largest share in the forecast period. The rising demand for piezoelectric devices in various end-user lead to fuel the smart materials market demand.
• On the basis of application, the market is bifurcated into actuators & motors, structural materials, transducers, sensors and others.
• On the basis of end-user, the market is sub segmented into industrial, defense & aerospace, healthcare, automotive, consumer electronics and others.

Smart Materials Market: Key Regions

On the basis of region, the market is divided into Americas, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Americas accounted for the major market share, as the rising the application scope of the products in the aerospace & defense industry has boost the product growth in the region. However, Asia-Pacific is projected grow at the fastest growth rate, with the rising demand from end-use industries in countries such as China and Japan.

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Key Companies Covered

• APC International, Ltd (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
• CeramTec
• Channel Technologies Group
• CTS Corporation
• KYOCERA Corporation
• L3Harris Technologies, Inc.
• Parker Hannifin Corp
• QorTek, Inc.
• TDK Corporation
• Wright Medical Group N.V
• Other Key Companies

Smart Materials Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Smart Materials Market, by Product

• Piezoelectric Materials
• Shape Memory Materials
• Phase Change Materials
• Electrochromic Materials
• Electrostrictive Materials
• Magnetostrictive Materials
• Others

Smart Materials Market, by Application

• Actuators & Motors
• Structural Materials
• Transducers
• Sensors
• Others

Smart Materials Market, by End-User

• Industrial
• Defense & Aerospace
• Healthcare
• Automotive
• Consumer Electronics
• Other

Smart Materials Market, by Region

• Americas
• North America
• US
• Canada
• Latin America
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe
• Middle East & Africa
• Middle East
• Africa

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Table of Content

1. INTRODUCTION
2. Research Objectives
3. Market Definition
4. Research Scope
5. Regional Coverage
6. Research Timeline
7. Assumptions
8. Limitations
9. RESEARCH DESIGN & SCOPE
10. Introduction
11. Primary Research
12. Key Industry Expert Insight
13. Secondary Research
14. Vital Data from Secondary Sources
15. Market Size Estimation
16. Data Validation & Triangulation
17. EXECUTIVE SUMMARY
18. MARKET DYNAMICS
19. Introduction
20. Drivers
21. Growing Demand for Sensors and Actuators in Consumer Electronics
22. Rising Demand of Piezo-Electric Devices
23. Restraints
24. Lack of Awareness Among End-Users
25. Opportunities
26. Rising in the Defense Budget
27. Challenges
28. Lack of Professional
29. Market Factor Analysis
30. Porters Five Forces Analysis
31. Power of Buyers
32. Power of Suppliers
33. Intensity of Competition
34. Challenges of Substitutes
35. Challenges of New Entrants
36. Macro-Economic Indicators
37. Value Chain Analysis
38. R&D and Designing
39. Manufacturing
40. Distribution & Sales
41. Post-Sales Services
42. COVID-19 Impact Analysis
43. Impact on Service
44. Impact on Market Growth
45. Impact on Regions
46. GLOBAL SMART MATERIALS MARKET BY PRODUCT, MARKET SIZE IN USD MILLION (2018–2027)
47. Introduction
48. Piezoelectric Materials
49. Shape Memory Materials
50. Phase Change Materials
51. Electrochromic Materials
52. Electrostrictive Materials
53. Magnetostrictive Materials
54. Others
55. GLOBAL SMART MATERIALS MARKET BY APPLICATION, MARKET SIZE IN USD MILLION (2018–2027)
56. Introduction
57. Actuators & Motors
58. Structural Materials
59. Transducers
60. Sensors
61. Others
62. GLOBAL SMART MATERIALS MARKET BY END-USER, MARKET SIZE IN USD MILLION (2018–2027)
63. Introduction
64. Industrial
65. Defense & Aerospace
66. Healthcare
67. Automotive
68. Consumer Electronics
69. Other
70. GLOBAL SMART MATERIALS MARKET BY REGION, MARKET SIZE IN USD MILLION (2018–2027)
71. Americas
72. North America
73. US
74. Canada
75. Latin America
76. Asia-Pacific
77. China
78. India
79. Japan
80. Australia
81. South Korea
82. Rest of Asia-Pacific
83. Europe
84. Germany
85. France
86. Italy
87. UK
88. Spain
89. Rest of Europe
90. Middle East and Africa
91. Middle East
92. Africa
93. COMPETITIVE LANDSCAPE
94. Introduction
95. Market Ranking/Share Analysis of Key Companies
96. Company Benchmarking
97. Key Developments
98. COMPANY PROFILES
99. APC International, Ltd.
100. Company Overview
101. Financial Overview
102. Products/Solutions/Services Offered
103. Key Developments
104. SWOT Analysis
105. Key Strategy
106. CeramTec
107. Channel Technologies Group
108. CTS Corporation
109. KYOCERA Corporation
110. L3Harris Technologies, Inc.
111. Parker Hannifin Corp
112. QorTek, Inc.
113. TDK Corporation
114. Wright Medical Group N.V
115. Other Key Companies
116. APPENDIX
117. Key Industry Expert Insights
118. Primary Discussion Guide
119. Customization Options

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