0
2016
Smart Materials Market

Smart Materials Market

by Application (Transducers, Actuators & Motors, Sensors, Structural Materials, and Coatings) and End-User Industry (Industrial, Defense & Aerospace, Automotive, Consumer Electronics, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2015-2022

Report Code: A01182
Pages: 109
Tables: 34
Charts: 64
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Smart Materials Market - Sales Forecasts, Trends and Analysis:

Smart Materials Market is expected to garner $72.63 billion by 2022, registering a CAGR of 14.9% during the forecast period 2016-2022. Smart materials are adaptive or intelligent materials which pose intrinsic and extrinsic capabilities. These can be altered by external stimuli, such as moisture, temperature, electromagnetic field, and pressure to obtain the desired functional effects. In addition, these materials are dynamic in nature and respond to their immediate interaction environments by adapting their characteristics. Advancements in the materials science sector resulted in the development of materials for specific applications, which was previously not possible with the use of conventional materials, such as polymers/plastics, metals, glass, and ceramics. Smart materials are capable of working at a very basic functional level, such as temperature and can be used in very complex technical systems by incorporating additional functionalities and properties. For instance, smart materials can be used in energy supply systems for microelectronic components.

Smart materials are used in applications, such as transducers, actuators & motors, and structural materials. The market for smart materials is driven by the rise in adoption of smart materials products among various end-user industries, such as defense & aerospace, automotive, and consumer electronics; supportive government initiatives & plans; and increase in R&D investment by prominent players to optimize the cost and quality of smart materials. There is a high demand for smart materials on account of potential growth in emerging economies as well as evolution in Internet of Things (IoTs).

Value Chain Analysis

The value chain of smart materials observes the presence of large number of stakeholders from the raw material providers to final end users. Each of these stakeholders share a specific value at their point of operation, and in turn, contribute to the competitive value of the product. R&D activities, innovations, and marketing strategies further enhance the value associated with end-deliverables by each player, who operate in the global smart materials industry.

Value Chain Analysis

 Value Chain Analysis

Top factors impacting World Smart Materials Market:

Top factors impacting World Smart Material Market:

Growing Aging Population

Smart materials have increase in gaining traction in older population-centric products. In addition, these products help reduce daily routine complexities and make life easier for old people. In near future, population share of this age-group is projected to increase at significant rate which in-turn is anticipated to increase demand for smart materials products. According to an International Population Reports, 2015 published by United States Census Bureau, the population increase of older population is projected outpace that of younger population over the next 35 years. Thus, the overall impact of this factor is projected to be high by 2022.

Widening Applications

Continuous development in manufacturing processes and adoption of enhanced materials has increased the applications of smart materials across various end-user industries. By 2022, smart materials are projected to further expand their applications and is anticipated to play pivotal role in the smart materials market growth. Hence, the impact is projected to be high throughout the forecast period.

Government Initiatives and Incentive Programs

Currently, some specific group of industries, such as small and medium enterprises (SMEs) lack in terms of adoption of smart materials due to high cost. Introduction of several initiatives and programs to encourage industries to invest in and utilize smart materials is projected to impact throughout the forecast period.

Substantial Investment in R&D

Increase in demand for enhanced smart materials and products from various industries, such as construction, manufacturing, and automotive are anticipated to encourage key players operating in the smart materials market to invest considerable amount on research and development to introduce efficient products and stay ahead in the competition.

Market segmentation:

The market is segmented on the basis of application, end-user industry, and geography. By application, it is divided into transducers, actuators & motors, sensors, structural materials, and coatings. Based on end-user industry, it is classified into industrial, defense & aerospace, automotive, consumer electronics, healthcare, and others (civil engineering and retail). The global smart materials market is classified based on geography into North America, Europe, Asia-Pacific, and LAMEA.

Actuator & Motors

Actuators are the components of machine that respond to change in mechanical property, such as viscosity or dimensional change. For instance, a simple amplifier which converts low energy signal into high energy signal. Smart materials, which include shape memory alloys, magnetostrictive materials, piezoelectric ceramics, and magnetorheological/electrorheological fluids are integral parts of actuators. On the other hand, motors are also actuators that convert electrical energy to mechanical energy through the production of continuous angular rotations.

Loudspeakers are used as acoustic actuators for active noise control applications. Pneumonic and hydraulic actuators are frequently found useful when large force, low frequency, and displacements are required, while the shaker/electromagnetic actuator are used to respond against an inertial electrodynamic mass. Actuators have the potential to enhance vehicle performance and fuel economy to ensure convenience and comfort. In actuation technologies, shape memory alloys are used for tight-integration and small-scale applications, such as in small-displacement tensile motors. Nowadays, actuators have become an inseparable part of robotics where pedal motors, manipulator joint motors, deployment motors, drive/steering motors, and sampling tool motors are used. Key players are inclined to enhance, design, and develop process of actuators to make actuator compatible with wide range of applications.

Key Benefits

  • This report provides an in-depth analysis of the global smart materials market size to elucidate opportunities.
  • Current smart materials market trends and future estimations are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold.
  • A quantitative analysis of the smart materials market share from 2016 to 2022 is provided to highlight the financial competency.
  • Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.
  • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

Smart Materials Market Report Highlights

Aspects Details
By Application
  • Transducer
  • Actuators & Motors
  • Sensors
  • Structural Materials
  • Coatings
By End Use Industry
  • Industrial
  • Defense & Aerospace
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Other (Civil Engineering and Retail)
By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Singapore
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
Key Market Players TDK Corporation, Kyocera Corporation, Metglas, Inc., CeramTech GmbH, CTS Corporation, APC International, Ltd., Channel Technologies Group, LLC, LORD Corporation, Noliac A/S, Advanced Cerametrics, Inc.
 

Loading Table Of Content...


 
 

The world smart material market is projected to grow at a steady rate during the forecast period. Asia-Pacific is the highest revenue-generating region and is expected to grow at the fastest CAGR during the forecast period, owing to high adoption of smart materials in various applications such as transducers, actuators & motors, and structural materials.

The market for transducers in Asia-Pacific is projected to grow at the fastest CAGR owing to widening applications of transducers in defense & aerospace and industrial sector. In addition, increasing government spending on smart devices and supportive government initiatives to encourage small- and medium organizations to invest in smart materials accelerate the adoption of these materials in the emerging regions such as Asia-Pacific and LAMEA.

Smart materials have gained huge popularity in various end-user industries such as construction, manufacturing, and automotive, owing to heavy industrialization in developing economies such as China and India. Furthermore, increasing use of smart materials in healthcare and defense & aerospace is anticipated to create significant growth opportunities for key players.

Key players are projected to emphasize on product innovation and make them available at affordable price to various types of organizations. These players are anticipated to concentrate on acquisitions & mergers to increase their global footprints and profit margins. In addition, significant investment on R&D activities is projected to boost the growth of various smart materials such as piezoelectric and sharp memory alloy demand in the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Smart Materials Market

Start reading instantly.
This Report and over 71,295+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jun 2017 - Jun 2018)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2017 - Jun 2018)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2017 - Jun 2018)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2017 - Jun 2018)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2017 - Jun 2018)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers