Smart Materials Market by Product (Piezoelectric Materials, Shape Memory Materials), by Application (Actuators & Motors, Structural Materials, Transducers), by End-User (Industrial, Healthcare), by Region (Americas, Asia-Pacific, Europe, Middle East and Africa) – Global Forecast (2020 to 2027)

Smart Materials Market - Global Industry Analysis and Forecast 2020 to 2027

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

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

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

Smart Materials

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.

Smart Materials Market: Report Scope

The report on the smart materials market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Historical Year

2018

Base Year

2019

Forecasted Period

2020-2027 (2020 estimated year, forecast up to 2027)

Measured Units

Value (USD Million)

Segments Included

Product, Application, and End-User

Regional Coverage

Americas, Asia-Pacific, Europe, Middle East & Africa

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

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Smart Materials Market Providers
  • Smart Materials Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Smart Materials Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Smart Materials Market STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Demand for Sensors and Actuators in Consumer Electronics
      2. Rising Demand of Piezo-Electric Devices
    3. Restraints
      1. Lack of Awareness Among End-Users
    4. Opportunities
      1. Rising in the Defense Budget
    5. Challenges
      1. Lack of Professional
  5. Market Factor Analysis
    1. Porters Five Forces Analysis
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
    3. Value Chain Analysis
      1. R&D and Designing
      2. Manufacturing
      3. Distribution & Sales
      4. Post-Sales Services
    4. COVID-19 Impact Analysis
      1. Impact on Service
      2. Impact on Market Growth
      3. Impact on Regions
  6. GLOBAL SMART MATERIALS MARKET  BY PRODUCT, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Piezoelectric Materials
    3. Shape Memory Materials
    4. Phase Change Materials
    5. Electrochromic Materials
    6. Electrostrictive Materials
    7. Magnetostrictive Materials
    8. Others
  7. GLOBAL SMART MATERIALS MARKET  BY APPLICATION, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Actuators & Motors
    3. Structural Materials
    4. Transducers
    5. Sensors
    6. Others
  8. GLOBAL SMART MATERIALS MARKET  BY END-USER, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Industrial
    3. Defense & Aerospace
    4. Healthcare
    5. Automotive
    6. Consumer Electronics
    7. Other
  9. GLOBAL SMART MATERIALS MARKET  BY REGION, MARKET SIZE IN USD MILLION (2018-2027)
    1. Americas
      1. North America
        1. US
        2. Canada
      2. Latin America
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. South Korea
      6. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Spain
      6. Rest of Europe
    4. Middle East and Africa
      1. Middle East
      2. Africa
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    4. Key Developments
  11. COMPANY PROFILES
    1. APC International, Ltd.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
      6. Key Strategy
    2. CeramTec
    3. Channel Technologies Group
    4. CTS Corporation
    5. KYOCERA Corporation
    6. L3Harris Technologies, Inc.
    7. Parker Hannifin Corp
    8. QorTek, Inc.
    9. TDK Corporation
    10. Wright Medical Group N.V
    11. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 0170

Published : October, 2020


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