Smart Material Market unveils a succinct analysis of the market size, regional spectrum and revenue forecast about the Smart Material Market. Furthermore, the report points out major challenges and the latest growth plans embraced by key manufacturers that constitute the competitive spectrum of this business domain.
Global Smart Material Market is valued at USD 44.52 Billion in 2019 and expected to reach USD 110.18 Billion by 2026 with the CAGR of 13.82% over the forecast period.
Growing application of smart materials in new cutting-edge technology is driving the growth of Global Smart Material Market.
Get Sample of This Report@ https://industrystatsreport.com/Request/Sample?ResearchPostId=12807&RequestType=Sample
*The sample pages of this report is immediately accessible on-demand.**
Scope of Global Smart Material Market Report–
Smart materials are called intelligent or responsive material, which are specialized materials that have one or more properties that can be changed in a controlled fashion by external stimuli, such as stress, moisture, electric or magnetic fields, light, temperature, PH or chemical compounds. These are mainly used in manufacturing of electronic instrument such as sensors, actuators, electroactive polymers etc. these materials have properties that react to changes in surrounding environment. Changes such as temperature, pressure are reversible and can be repeated many times. Due to advent of nanotechnology, there are many smart materials available in market ranging from carbon nanotubes to graphene, inorganic nanoparticles, conducting polymers etc. It is also described as shape memory material (SMM) and shape memory technology (SMT).
Global Smart Material Market report is segmented on the basis of product, application, and region & country level. Based on product, global smart material market is classified as piezoelectric materials, shape memory materials, electrostrictive materials, magnetostrictive materials, phase change materials, electrochromic materials and others. Based upon application, global smart material market is classified into actuators & motors, transducers, sensors, structural materials and others.
The regions covered in this smart material market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of smart material is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Smart Material Market Report-
Some major key players for global smart material market are Advanced Cerametrics, Inc., Channel Technologies Group, LLC, TDK Corporation, Wright Medical Group, Inc., Kyocera Corporation, CeramTec GmbH, APC International, Ltd., LORD Corporation, CTS Corporation and NOLIAC A/S. and others.
Global Smart Material Market Dynamics–
The increasing application of smart materials, rising adoption of these materials in different end-use sectors such as defense & aerospace, consumer electronics & automotive and extensive research & development in material science sector are the major factors driving the growth of global smart material market. For instance, smart materials are applied in manufacturing of actuators & sensors due to advantages such as high energy density, fast response, compact size and fewer moving parts. Smart materials are extensively used in smart phones as image sensors for camera, microelectronic components, Piezoceramics and quartz, crystals in accelerometers, barometers, GPS (TCXO), gyroscopes, hygrometers, light sensors etc., ceramic & glass materials as image display etc. Globally there are an estimation of 2.5 billion smartphone users, which was roughly a third of the planet’s inhabitants. And by 2025, it is predicted that there will be 5.9 billion unique mobile subscribers, which was 71% of the entire global population. In the smartphone manufacturing, there are a surprising number of ceramic components within an average mobile device, including capacitors, filters, antennas, and substrates for image sensors. It can also be predicted that with the sale of mobile phones approaching almost two billion units annually, the number of ceramic components in phones is more than that which shows the high growth rate of the market in forecast period. Other than that, it is used in varied application such as piezoelectric materials provide a wide range of utility in terms of actuators, sensors, such as many accelerometers, and energy harvesters. general applications for piezo materials are BBQ igniters and actuators for inkjet printer heads. Additionally, materials such as shape memory alloys, magnetostrictive, shape memory polymers, hydrogels, electroactive polymers, bicomponent fibers are used in various application driving the smart material market.
However, some disadvantages such as limited strain outputs, limited blocking forces, high cost, and sensitivity to severe environmental conditions may hamper the market growth up to some extent. In spite of that, extensive research & development as well as government support are also expected to foster the future growth of the market.
The increasing application of smart materials, rising adoption of these materials in different end-use sectors such as defense & aerospace, consumer electronics & automotive and extensive research & development in material science sector are the major factors driving the growth of global smart material market. For instance, smart materials are applied in manufacturing of actuators & sensors due to advantages such as high energy density, fast response, compact size and fewer moving parts. Smart materials are extensively used in smart phones as image sensors for camera, microelectronic components, Piezoceramics and quartz, crystals in accelerometers, barometers, GPS (TCXO), gyroscopes, hygrometers, light sensors etc., ceramic & glass materials as image display etc. Globally there are an estimation of 2.5 billion smartphone users, which was roughly a third of the planet’s inhabitants. And by 2025, it is predicted that there will be 5.9 billion unique mobile subscribers, which was 71% of the entire global population. In the smartphone manufacturing, there are a surprising number of ceramic components within an average mobile device, including capacitors, filters, antennas, and substrates for image sensors. It can also be predicted that with the sale of mobile phones approaching almost two billion units annually, the number of ceramic components in phones is more than that which shows the high growth rate of the market in forecast period. Other than that, it is used in varied application such as piezoelectric materials provide a wide range of utility in terms of actuators, sensors, such as many accelerometers, and energy harvesters. general applications for piezo materials are BBQ igniters and actuators for inkjet printer heads. Additionally, materials such as shape memory alloys, magnetostrictive, shape memory polymers, hydrogels, electroactive polymers, bicomponent fibers are used in various application driving the smart material market.
However, some disadvantages such as limited strain outputs, limited blocking forces, high cost, and sensitivity to severe environmental conditions may hamper the market growth up to some extent. In spite of that, extensive research & development as well as government support are also expected to foster the future growth of the market.
Global Smart Material Market Regional Analysis–
North America is expected to dominate the global smart materials market with a share of more than 35% due to substantial demand for smart actuators & motors in industries such as automotive & consumer goods, research activities and high adoption rate of new technology. For instance; in 2017, North America have sold smart phone of value USD 84 billion. Additionally, screenless displays are beginning to appear in American market. For instance, in September 2018, at Mobile World Congress Americas, the first holographic call made its demonstration brought to the show by Voxon Photonics and Verizon 5G. Other than that, USA has published around 0,277 papers related to smart material from 1990 until 2015, which helped the market to grow exponentially in this region.
Europe is the second largest market of smart material due to the already established market, growing adoption of new technology in terms of robotics, automation in vehicles and government support in this region. For instance, UK one of the major innovators of smart material technology is creating partnership relationship with China for integrating expertise on smart material technology of two countries to collectively manufacture smart material solutions in transport, aerospace, healthcare etc.
Asia-Pacific is expected to witness a high growth rate in smart material market due to presence of high developing economy such as China, India, & Indonesia and growing adoption of smart phone as well as growing research activities in this region. For example; from 1990 to 2015, China has published nearly 60,000 papers on smart material providing the support to expand the market in this country. Additionally, in 2012, China’s 12th Five-Year Development Plan for national strategic emerging industries mentioned new materials as one of the seven important industries. Smart materials including shape memory alloys, rare-earth magneto-strictive materials and piezoelectric materials are the major development directions in the Plan. Other than that, new material technology is listed as one of the eight high-technology areas that obtain R&D tax incentives from the government under the R&D super deduction and high new technology enterprise R&D programs. These types of government supports also expected to foster the market growth in this region.
Key Benefits for Global Smart Material Market Report–
Global Smart Material Market report covers in depth historical and forecast analysis.
Global Smart Material Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Smart Material Market report helps to identify opportunities in marketplace.
Global Smart Material Market report covers extensive analysis of emerging trends and competitive landscape.
Full Research Report @ https://industrystatsreport.com/Chemicals-and-Materials/Dynamic-Rsearch-on-Smart-Material-Market/Summary
Global Smart Material Market Segmentation:–
By Product:
Piezoelectric Materials
Shape Memory Materials
Electrostrictive Materials
Magnetostrictive Materials
Phase Change Materials
Electrochromic Materials
Others
By Application:
Actuators & Motors
Transducers
Sensors
Structural Materials
Others
By Regional & Country Analysis:
North America
US.
Mexico
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
The Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Table of Content
1 Study Coverage
1.1 Smart Material Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Smart Material Market Size
2.2 Smart Material Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Smart Material Markets & Products
3 Market Size by Manufacturers
3.1 Smart Material Production by Manufacturers
3.2 Smart Material Revenue by Manufacturers
3.3 Smart Material Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Smart Material Production by Regions
4.2 North America
4.3 Europe
4.4 China
4.5 Japan
5 Smart Material Consumption by Regions
5.1 Global Smart Material Consumption by Regions
5.2 North America
5.3 Europe
5.4 Asia Pacific
5.5 Central & South America
5.6 Middle East and Africa
6 Market Size by Type
6.1 Global Smart Material Production by Type
6.2 Global Smart Material Revenue by Type
6.3 Smart Material Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Smart Material Breakdown Dada by Application
7.2.1 Global Smart Material Consumption by Application
7.2.2 Global Smart Material Consumption Market Share by Application (2014-2019)
Continued…
About us: Brandessence Market Research and Consulting Pvt. Ltd.
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals, and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations, and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Contact us at: +44-2038074155 or mail us at sales@brandessenceresearch.com
Media Contact
Company Name: Brandessence Market Research and Consulting Pvt ltd.
Contact Person: Alan
Email: Send Email
Phone: +917447409162
Address:Office No 101 City Point, Survey No. 171/9, Bhekrai Nagar, Near HP Petrol Pump, Opp. HDFC bank Hadapsar-Saswad Road
City: Pune
State: Maharashtra
Country: India
Website: https://brandessenceresearch.com/