Smart materials also have tremendous application potential in segments such as bionics and artificial organs. Bomimetic materials are key raw material for manufacturing artificial organs, many of these organs have electronic components that support their functioning. In near future, application scope is likely to increase as the segment grows in terms of viability and applicability.
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- Harris Corporation (U.S.),
- Kyocera Corporation (Japan).,
- Noliac A/S (Denmark),
- LORD Corporation (U.S.),
- APC International (U.S.),
- CeramTec (Germany),
- Channel Technologies Group (U.S.),
- TDK Corporation (Japan) and
- Wright Medical Group, Inc. (U.S.)
The segmental analysis of the global smart materials market has been conducted on the basis of application and product.
On the basis of application, the market has been segmented into transducers, structural materials, actuators & motors, sensors and others.
Based on product, the smart materials market has been segmented into shape memory materials, magnetostrictive materials, electrochromic materials, piezoelectric materials, phase change materials, electrostrictive materials and others.
The global smart materials market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World.
In the global smart materials market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of low labor costs coupled with the reduced costs associated with raw materials.
North America accounted for the largest share as compared to other regions, the Smart Materials market in Europe market is expected to witness a significant growth and hold the second largest market share during the forecast period. Countries such as France, Italy, and Germany are anticipated to drive the growth of the smart materials market owing to the presence of established automotive industry. Demand growth in the region is mainly due to increase consumption in end-use markets in countries such as the U.S., Mexico, and Canada. Increased use of smart materials in automotive products, aerospace and consumer goods characterise the widespread acceptance of such materials.
The rapidly growing demand for structural materials and mimetic materials has been the main growth driver of the smart materials market in this region. The adoption of new methods in the domains of monitoring of structural health, environmental control, and vibration control is also responsible for the development of the smart materials market in this region.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Smart Materials Market
List Of Tables
Table 1 Global Smart Materials Market: By Region, 2017-2023
Table 2 North America Smart Materials Market: By Country, 2017-2023
Table 3 Europe Smart Materials Market: By Country, 2017-2023
Table 4 Asia-Pacific Smart Materials Market: By Country, 2017-2023
Table 5 Rest Of The World Smart Materials Market: By Country, 2017-2023
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