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

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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