Smart materials are a type of reactive materials that changes its properties with respect to external environment. These materials sense the change in the external environment and respond to it by changing the properties in order to adapt to its surroundings. The response of smart materials depends on the chemical structure of the material. Smart materials exhibit one or more properties that can be changed by the application of external stimuli such as temperature, moisture, stress, electric, and magnetic fields.
The smart materials are segmented by product as Biomimetic Materials, Piezo-Electric Materials, Thermally Responsive Materials and Others (Including Smart Fluids, Smart Hydrogels Etc.). The Piezo-electric segment is leading the global smart materials market and is expected to grow during the forecast period. Piezoelectric materials have advantageous properties such as high precision, high responsiveness, and high energy-saving capabilities. The smart materials are classified according to application as Actuators & Motors, Sensors, Transducers, Structural Materials and Others (Including Sports & Leisure, Energy Harvesting Devices, Mechanical Structures, Etc.). The actuators and motors sector dominated the global smart materials market and expected to grow during the forecast period.
The key driver for global smart materials market is increasing demand of piezoelectric devices in end user segments. The use of piezoelectric materials in various industries such as robotics, automotive, medical devices, telecommunication, and consumer goods will help to boost the market for smart materials. The expanding artificial organ and bionics industry will also help to fuel the smart materials market. The key constraint of this market is lack of research and development.
North America is the largest market for smart materials. Asia Pacific is expected to grow during the forecast period due to the rising demand for smart materials from its end-use industries. The key companies operating in this market are TDK Corporation, Wright Medical Group, NOLIAC A/S, Kyocera Corporation, CTS Corporation, Channel Technologies, CeramTec, LORD Corporation, APC International, and Advanced Cerametrics.
Decision Databases is involved in providing research reports and company profiles in the global smart materials market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The smart materials market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our smart materials profiles.
SEGMENTATIONS IN REPORT:
Smart Materials By Product
1. INTRODUCTION TO THE SMART MATERIALS MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF SMART MATERIALS
4. SMART MATERIALS MARKET ANALYSIS BY PRODUCT
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