#Electrostrictive Materials

[everythingwaschocolateandsugar]

The Smart Materials Market was valued at USD 70.14 billion in 2021 and is predicted to reach USD 251.20 by 2030 with a CAGR of 15.5% from 2022 to 2030.

[spymeister]

Sound waves and spark oscillations:

Premise: Jazz has a different playlist for different things- and this includes missions, and off time.

Thesis: Jazz's choice of music in each playlist affects his performance in the positive.

Hypothesis: Sound waves actually affect spark oscillations thanks to Brillouin scattering.

Evidence: In electromagnetism, Brillouin scattering (also known as Brillouin light scattering or BLS), named after Léon Brillouin, refers to the interaction of light with the material waves in a medium (e.g. electrostriction and magnetostriction). It is mediated by the refractive index dependence on the material properties of the medium; as described in optics, the index of refraction of a transparent material changes under deformation (compression-distension or shear-skewing).

Broken down: Sound waves interact with light by changing its momentum into preferential directions. This means, for example, the higher the BPM of a particular track, the faster it spins the spark- creating extra energy without the frame having to utilize its own fuel source. It's only by a fraction of a percentage: .25% or so- but enough that Jazz can use it for surprise maneuvers.

Or even that extra burst of speed.

Conversely, a slower BPM or RPM on music can slow down a spark's oscillating spin- making the mechanism sleepier or destressing them to the point their processor can shut down- ESPECIALLY if they have extrasensory equipment like doors, audio horns, or sensor panels.

This is also evidence of why mechanisms like Blaster, Jazz, and Soundwave are so deadly: music can save or end a life.

[materialsscienceandengineering]

An approach to enhancing relaxors for energy storage devices

Relaxor ferroelectrics are materials with ferroelectric properties and high electrostriction (i.e., the ability to contract or deform in response to electric fields). These materials can be used to create highly efficient energy storage devices, such as capacitors. Capacitors are key electronic components composed of two electrical conductors with a given distance between them. These components can temporarily store electric charge, reducing the noise transmitted by individual integrated circuits (ICs) and thus improving the overall performance of electronics. Researchers at Tsinghua University and other institutes in China recently introduced a new strategy to engineer effective relaxor ferroelectrics for energy storage devices. Their paper, introduced in Nature Energy, suggests using a so-called configurational entropy to evaluate the local inhomogeneity of a relaxor's composition.

Read more.

[jhavelikes]

In electromagnetism, Brillouin scattering (also known as Brillouin light scattering or BLS), named after Léon Brillouin, refers to the interaction of light with the material waves in a medium (e.g. electrostriction and magnetostriction). It is mediated by the refractive index dependence on the material properties of the medium; as described in optics, the index of refraction of a transparent material changes under deformation (compression-distension or shear-skewing).

Brillouin scattering - Wikipedia

[chemicalresearchupdates]

Smart Materials Market Growth Dynamics 2023 Emerging Technologies and Supply Chain Analysis

Smart materials refer to those materials that have the ability to change their properties in response to an external stimulus. These stimuli can be temperature, pressure, light, or any other physical or chemical change. The properties of smart materials can change reversibly or irreversibly, depending on the type of material and the stimulus applied.

The global smart materials market is expected to grow significantly in the coming years, driven by the increasing demand for smart materials in various end-use industries such as aerospace, automotive, healthcare, and construction.

Some of the major types of smart materials are:

Shape memory alloys (SMAs): These are metallic alloys that can return to their original shape when heated after being deformed.

Piezoelectric materials: These are materials that generate an electric charge when subjected to mechanical stress or pressure.

Electrostrictive materials: These are materials that change shape when an electric field is applied.

Magnetostrictive materials: These are materials that change shape when subjected to a magnetic field.

Thermoelectric materials: These are materials that generate an electric voltage when there is a temperature difference between two points.

Phase change materials: These are materials that can change their phase from solid to liquid or vice versa, in response to changes in temperature.

Some of the major applications of smart materials are:

Actuators and motors

Sensors and transducers

Structural materials

Energy harvesting

Medical devices

Consumer electronics

The smart materials market is also segmented by geography, with North America, Europe, Asia Pacific, and Rest of the World being the major regions. Some of the key players in the global smart materials market are:

BASF SE

Carpenter Technology Corporation

Kyocera Corporation

TDK Corporation

Noliac A/S

CeramTec GmbH

Smart Material Corporation

Wright Medical Group N.V.

Harris Corporation

CTS Corporation

In conclusion, the smart materials market is expected to witness significant growth in the coming years, driven by the increasing demand for smart materials in various end-use industries. With advancements in technology, the development of new and innovative smart materials is expected to further boost the growth of this market.

[technsavi]

Inventions | Free Full-Text | Robust Control and Active Vibration Suppression in Dynamics of Smart Systems

1. Introduction A piezoelectric structure with a control strategy has the potential to adapt to both a changing internal environment and a changing external environment, such as stresses or form changes. It includes intelligent actuators that enable controlled modification of system parameters and reactions. Piezoelectric materials (PZT), shape memory alloys, electrostrictive materials,…

[riyaus]

Who are the Active Players in Electrostrictive Materials Market ?

Electrostrictive Materials Market 2021

All the dielectric materials are electrostrictive materials, which cause electrostriction when the displacement of ions occurs in the crystal lattice during exposure to an external electric field. Cation moves towards the direction of the electric field, while anion moves away from the electric field. Electrostriction is similar to piezoelectricity; the main difference is that electrostriction is a quadratic effect, while piezoelectricity is a linear effect. Therelaxor ferroelectrics are considered electrostrictive material as they have extraordinarily high electrostrictive constants. The most commonly used electrostrictive include lead magnesium niobate (PMN), lead magnesium niobate lead titanate (PMN-PT), and lead lanthanum zirconate titanate (PLZT).

Get a  Sample copy of this report : https://straitsresearch.com/report/Electrostrictive Materials-Market/request-sample

The Major Manufacturers Covered in this Report:

APC International Harris Corporation PI Ceramic Morgan Technical Ceramics Mad City Labs Noliac A/S and more...

[materialsscienceandengineering]

Atomically engineered interfaces improve electrostriction in an oxide material

An international team of researchers has found a way to improve electrostriction in an oxide material by atomically engineering the interfaces of the layers of which it is made. In their paper published in the journal Nature, the group shows that electrostriction in oxides can be enhanced through the use of artificial interfaces. David Egger with the Technical University of Munich, has published a News & Views piece in the same journal issue outlining the work done by the group on this new effort.

Prior research has shown that applying an electric field to a material can sometimes result in desired modifications to the shape of the material—a phenomenon known as electrostriction. It has been used to great effect in creating motors and actuators. Formally, it is described as the process of generating strain in a material through application of an electric field. Unfortunately, most such applications involve the use of lead, which is toxic, so researchers have been looking for other materials.

One such promising possibility involves the use of tailored oxides, though the tailoring has not yet been worked out. In this new effort, the researchers report a big step toward that goal. They found a material made by layering different oxides in particular ways can improve the degree of electrostriction that results.

Read more.

[constructioandchemicalblog]

Smart Materials Market to Reach USD 115.08 Billion by 2030 | Growth Rate (CAGR of 14%)

The global smart materials market is expected to exhibit a strong 14% CAGR over the forecast period from 2022 to 2030, according to the latest research report from Market Research Future (MRFR). The global smart materials market is thoroughly analyzed in the report, which takes into account all the major factors enabling the growth of the smart materials market and presents a detailed analysis of the key factors driving and restraining the global market. The major economic and regulatory factors affecting the market’s growth are also profiled in the report to provide readers with a comprehensive overview of the market.

Smart materials have become increasingly important in recent years due to the growing commercial interest in the Internet of Things (IoT) and smart connectivity. Smart materials are materials that can alter their response to environmental variables. This makes them highly valued in several consumer electronics, automotive, and IT products. Electric fields, magnetic fields, temperature, moisture, and pressure are just some of the stimuli that can trigger a change in smart materials. The growing demand for smart, responsive skins on mobile phones, tablets, and other consumer electronics is likely to be a major driver for the smart materials market over the forecast period. The growing demand for smart fabrics and smart clothing is also likely to be a major driver for the global smart materials market. Smart clothing can be made to react to a wide range of stimuli, making it capable of reacting to heat gain, heat loss, moisture gain or loss, and other factors. This allows smart clothing to provide a valuable service to the wearers.

The growing demand for piezoelectric devices in a number of healthcare applications is likely to be a key driver for the global smart materials market. Medical devices, medical and other robotic tools, and automotive are some of the key applications for piezoelectric devices and are likely to exhibit robust demand over the forecast period. This is likely to lead to steady growth of the smart materials market over the forecast period. Increasing demand for artificial organs made from smart materials is also likely to be a major driver for the global smart materials market. Artificial organs made from smart materials are likely to take on an important role in the smart materials market over the forecast period, as an increasing number of patients requiring artificial organs has driven the demand at a strong rate over the last few years.

Segmentation:

The global smart materials market is segmented by product, application, and region.

By product, the global smart materials market is segmented into piezoelectric materials, shape memory materials, electrostrictive materials, magnetostrictive materials, phase change materials, electrochromic materials, and others.

By application, the global smart materials market is segmented into actuators and motors, transducers, sensors, structural materials, and others.

Regional Analysis:

North America is the leading revenue generator in the global smart materials market, followed by Europe and Asia Pacific. The growing demand for smart actuators and motors in automotive, aerospace, and consumer goods industries in North America is likely to be a major driver for the smart materials market in the region.

Competitive Analysis:

Leading players in the global smart materials market include LORD Corporation, Channel Technologies Group, Wright Medical Group Inc., Noliac A/S, TDK Corporation, Kyocera Corporation, CeramTec, Harris Corporation, and APC International.

In October 2019, a research team from the University of Iowa and the University of Illinois at Urbana-Champaign launched a project to develop smart skin based on the skin of cephalopods. Twisted and coiled polymer fibers were used to produce the musculature of the artificial skin, making the skin capable of fine motion and smooth modulation of the shape. The skin is expected to see application in interfaces in 3D displays for the blind as well as in marine vehicles, where the skin can be used to reduce the drag and make the vehicle more aerodynamic.

Read More Report Summary: https://www.marketresearchfuture.com/reports/smart-materials-market-5333

[marketinsightshare]

Smart Materials Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027

The Smart Materials market size is forecast to reach US$110.7 billion by 2027 after growing at a CAGR of 12.8% during 2022-2027. Smart materials have inherent and extrinsic qualities that are adaptable and clever in operation. Technological advancements in material science have enabled the growth of this market for the production of smart materials like photovoltaic-integrated electrochromic devices for smart applications, having specific required purposes that were earlier hard to manufacture using conventional materials like polymers, plastics, metals, glass, and ceramics. Smart materials are more often being utilized as dielectric elastomers in microelectronic component energy supply systems. Smart materials hold some special properties that allow them to get back to their original state after removal of the external stimuli, like electric and magnetic fields, temperature, pressure, mechanical stress, hydrostatic pressure, and others. Piezoelectric materials (PZT), shape memory alloy materials (SMA), electrostrictive materials (PMN), magnetostrictive materials, and phase change materials have gained wide industrial acceptance in recent times. Moreover, ferromagnetic shape memory alloys, conductive polymers, nanotube actuators, and electroactive polymers are a couple of emerging smart materials used within the market, with strong application potential. Increasing use of smart transducers, actuators, sensors, and structural materials, is expected to drive the demand of the smart materials market during the forecast period.

COVID-19 Impact

Currently, due to the COVID-19 pandemic, the core end-use industries such as aerospace, automotive, industrial, electrical, and electronics industries were highly impacted. Due to social distancing policy, most of the manufacturing plants of aircraft and automobiles were shut down, which declined the regular production of commercial aircraft and vehicles. With aerospace and defense being the major end-use industry, according to the Welsh Government services and information, the global demand for production of short-haul sized aircraft is most probably going to drop by 15% and by 30 - 65% for long haul sized craft, by the end of 2025, as an extended-term impact of the covid-19. Also, due to supply chain disruptions like delay in reaching of raw materials or non-arrival, disrupted financial flows, and rising absenteeism among production line staff and employees, OEMs have been forced to function at zero or partial capacity, resulting in lower demand and consumption for Smart Materials in 2020.

Report Coverage

The report: “Smart Materials Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Smart Materials Market.

By Product Type: Piezoelectric Materials (PZT), Shape Memory Alloy Materials (SMA), Electrostrictive Materials (PMN), Magnetostrictive Materials (Terfenol-D), Electrochromic Materials, Phase Change Materials, Others. By Application: Transducers, Actuators and Motors, Sensors, Structural and Building Materials, Smart Textile, Packaging, and Others. By End-Use Industry: Industrial, Aerospace and Defense, Automotive, Electrical and Electronics, Healthcare, Food and Beverages, and Others. By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (the Middle East, and Africa).

Key Takeaways

North America was the leading region for the smart materials market, thanks to the rising demand for smart actuators and motors in end-use industries like automotive, electrical and electronics, and aerospace.

Europe accounted for the second-largest share of the market, followed by the Asia Pacific, and is anticipated to be the fastest-growing region of the market during the forecast period.

Growing consumption of piezoelectric devices in numerous end-use industries has accelerated the demand in the smart materials market, thereby being the most important shareholder within the product type segment.

The dominance of the piezoelectric product segment care is often primarily attributed to the rising demand in applications such as hydrophones, sonar, speakers, buzzers, gas igniters, and sporting equipment.

The use of smart materials within the aerospace and defense segment has increased and is predicted to grow at a rapid rate as compared to other industries during the forecast period.

Figure: North America Smart Materials Market Revenue, 2021-2027 (US$ Billion)

For More Details on This Report - Request for Sample

Smart Materials Market Segment Analysis – By Product Type

The Piezoelectric Materials (PZT) segment held the largest share of 36% in the Smart Materials market in 2021. Piezoelectric smart materials have the ability to transduce the mechanical pressure acting on them into the electrical signals called the direct piezoelectric effect, and electrical signals to mechanical signals called the converse piezoelectric effect. For the material to possess piezoelectricity, it should have a lack of center of symmetry and also depends on its crystal lattice structure. Piezoelectric smart materials are applied in a wide range of applications in the electrical and electronics industry which includes transducers, actuators, motors, and sensors. Piezoelectric smart materials are also utilized as electroactive scaffolds for tissue repair and regeneration in tissue engineering. They have the capacity to deliver variable electrical stimuli without an external power source involved. Globally increasing research and development investments by research universities & companies for the development of advanced technology for piezoelectric smart materials in aerospace and defense applications, electrical, and other major industries, are driving the market growth. Additionally, the rise in demand for piezoelectric smart sensors for fluid measurements like compositions, density, viscosity, and impact force is expected to bring new opportunities and demand during the forecast period for the smart materials market. As a result, the demand for piezoelectric smart materials can be seen and will increase significantly, which contributes to increased business growth.

Smart Materials Market Segment Analysis – By Application

The sensors segment held the largest share of 34% in the Smart Materials market in 2021. A piezoelectric sensor is a smart device that helps to convert changes in strain, pressure, acceleration, temperature, or force into an electric charge using the piezoelectric effect. These sensors offer a variety of advantages like good frequency response, availability in the desired shape, negligible phase shift, and is of small size. The industrial segment employs piezoelectric sensors for a number of uses such as pressure sensors and sonar equipment. Moreover, the increasing use of piezoelectric sensors in industries like aerospace and defense, automotive, healthcare for medical applications, as pressure sensors in the touchpads of mobile phones, and as tilt sensors in electrical and electronic devices, is expected to accelerate the global smart materials market. Furthermore, the actuators segment is projected to be the fastest-growing segment during the forecast period of the global smart materials market, as they are highly employed in the aerospace and defense industry. Hence, a positive growth curve for the smart materials market in various applications is expected during the forecast period.

Smart Materials Market Segment Analysis – By End Use Industry

The Aerospace and Defense segment held the largest share of 44% in the Smart Materials market in 2021. The increasing aircraft fleet and the rising defense expenditure have increased the production of aircraft across the world, creating immense demand for smart materials, as it helps in maintaining and guiding the airflow across the aircraft wings and while take-off and landing. Also, these smart materials are applied to solve some common complications associated with aircraft engine vibration, flow separation due to turbulence, ice formation on wings, and high cabin noise levels. Every year, countries allocate a specific amount of budget for their defense sector, especially in developed and developing countries like the United States, China, and India, the governments have been increasing the national defense budget regularly, which is predicted to boost the smart materials market. These smart materials are widely used as nanorobots, sensors, combat suits, and others in the military and defense sectors extensively. For instance, China’s military spending is increasing every year, with around a 25% rise in almost every following year over the past two decades, which was around USD 10 billion in 1999 and has increased to over USD 250 billion in 2020. Furthermore, due to the covid impact, there was a temporary dip in the revenue graph of Boeing, a leading manufacturer of aircraft and defense crafts in the world, which had a revenue of USD 58.16 billion in the year 2020, which has comparatively fallen from 2019 revenue of USD 76.56 billion. Overall, the market for smart materials in the aerospace and defense industry is expected to recover gradually through the forecast period and grow consistently.

Smart Materials Market Segment Analysis – By Geography

North America region held the largest share in the Smart Materials market in 2021 up to 40%, owing to the increasing demand from the aerospace and defense industry, which has increased at a rapid rate, due to the rise in the exports and consumer base of the region. The United States accounts for the most important manufacturers of the aerospace and defense industry in the world. According to the Federal Aviation Administration (FAA), “the entire commercial aircraft fleet is predicted to reach 8,270 by 2037, due to the expansion in air cargo.” Also, the US mainliner carrier fleet is predicted to grow at a rate of 54 aircraft per annum, thanks to the prevailing fleet getting older. According to the International trade association, “Canada ranks first in civil flight simulation, third in civil engine production, and fourth in civil aircraft production”. It is the sole nationally ranked within the top five of all the key categories. The aerospace industry led the Canadian manufacturing sector in innovation-related investment such as R&D activities with an expenditure of over USD 1.4 billion annually (nearly a quarter of all manufacturing R&D). Hence, all the aforementioned factors driving the aerospace and defense segment are expected to cause a significant impact on the demand for smart materials market within the region over the forecast period.

Secondly, Asia Pacific is predicted to be the fastest-growing region over the forecast period. Europe is the second major exporting region for Smart Materials due to its capacity. Hence, with all such applications and robust demand within all the regions, the Smart Materials market is predicted to witness healthy growth globally during the forecast period.

Smart Materials Market Drivers

Increasing demand for smart materials by a growing global economy

The smart materials market is growing and thanks to the rapidly rising demand in various applications like the industrial, automotive, and aerospace industries. Also, the rapid growth within automotive and automobile production on account of the rapidly growing demand from emerging economies is additionally highly impacting the expansion of smart materials. In spite of the coronavirus crisis, between march and may 2020, global automotive sales contracted by around 15% globally. But within a few months, the market recovered by 5% showing a positive sign of growth. Thus, increasing automation production will require more automotive smart materials, which will act as a driver for the smart materials market. Additionally, the rising importance of air cargo delivery alongside the growing number of air passengers is also anticipated to flourish the demand of the smart materials market due to the above-mentioned reasons and is additionally projected to grow substantially during the forecast period.

Demand from the Healthcare industry

Smart materials are consistently gaining attention in the healthcare industry owing to their benefits and properties. These materials are utilized in biomedical devices mainly for their biocompatibility and biodegradability. The increasing consumption of smart materials like sensors and actuators to develop smart medical devices and supply a greater understanding of piezoelectricity within the medical industry is driving the expansion of the market. Also, the rising investments in medical devices in the healthcare sector are another major factor driving the growth of the market. For instance, according to the India Brand Equity Foundation (IBEF), in May 2020, the government of India announced incentivization plans of at least USD 4.9 billion over a five-year period to further facilitate investments in manufacturing medical devices, which will involve the use of smart materials. Thus, all the aforementioned factors are therefore expected to drive the smart materials market growth in the healthcare industry during the forecast period.

Smart Materials Market Challenges

High cost of smart materials

Smart materials are very efficient materials and have high performance, however, it comes with high costs associated with the high level of investments made in the research and development of the product. End-use industries usually prefer and are searching for products that have greater efficiency with lower costs. Due to which, the industrial sector is cost-intensive and manufacturers are still searching for both effective and low-cost alternatives of smart materials. Additionally, in the automotive industry, active smart materials are gaining attention, but the growth might get hampered due to the high costs involved and would become a barrier to penetrate into the majority class of middle-stream background and would be seen upon as a futile investment, therefore, limiting the market only to high-end users. Hence, the high cost of smart materials will remain a restraint for the smart materials market growth during the forecast period.

Smart Materials Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Smart Materials top 10 companies include:

APC International Ltd.

Harris Corporation

CeramTech GmbH

Kyocera Corporation

TDK Corporation

Noliac A/S

Ametek Inc.

CTS Corporation

LORD Corporation

Arkema

Recent Developments

In February 2021, CTS Corporation, along with Entekno Materials of Turkey, announced that they have secured funding from Eurostars to develop environmentally-friendly lead-free piezoelectric ceramic smart material. This material is developed in consideration to replace lead-based materials.

In April 2021, Evonik launched a new product line of photopolymers for 3D printing, where the product incorporates color phase change materials. This new line of photopolymers is ready-to-use, high-performance formulations, which is bundling Evonik’s expertise in 3D printing using smart materials and its innovation growth field.

In February 2020, Hexagon announced the launch of a new smart material, where its release of Intergraph Smart® Materials 10 marked a major milestone in its product’s history. This latest update to Hexagon’s market-leading materials and contract management system marks the largest update in Smart Materials history.

[chemicalresearchupdates]

Smart Materials Market CAGR Status, Emerging Trends and Forecast till 2030

Smart materials refer to a class of advanced materials that are capable of changing their properties based on external stimuli such as temperature, stress, pH, magnetic or electric fields, and other environmental factors. The market for smart materials is driven by their growing application across a wide range of industries including aerospace, automotive, healthcare, consumer electronics, and construction.

Market Size:

The global smart materials market size was valued at USD 50.38 billion in 2020 and is expected to grow at a CAGR of 14.9% from 2021 to 2028 to reach USD 152.27 billion by 2028.

Key Drivers:

The growth of the smart materials market is driven by factors such as the increasing demand for smart materials in the automotive and aerospace industries, the rising use of smart materials in consumer electronics and wearable devices, and the growing focus on energy efficiency and sustainability.

Smart Materials Types:

Piezoelectric materials

Shape memory alloys

Electrostrictive materials

Magnetostrictive materials

Thermoresponsive materials

Photoresponsive materials

Hydrogels

Others

Applications:

Aerospace & Defense

Automotive

Consumer Electronics

Healthcare

Construction

Others

Regional Analysis:

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

Key Players:

Honeywell International Inc.

3M

BASF SE

Covestro AG

Wacker Chemie AG

KYOCERA Corporation

Noliac A/S

CTS Corporation

TDK Corporation

CeramTec GmbH

Conclusion:

The smart materials market is expected to witness significant growth in the coming years due to the increasing demand for these materials across various industries. The rising adoption of smart materials in the automotive, aerospace, and healthcare sectors is expected to drive the market growth. However, the high cost of smart materials and the lack of skilled professionals may hinder market growth to some extent.

[adityarana1687-blog]

Smart Materials Market Expected To Cross $98.2 Billion By 2025

The global smart material market size is anticipated to reach USD 98.2 billion by 2025, expanding at a CAGR of 13.5% over the forecast period, according to a report by Grand View Research, Inc. Extensive research & innovation activities have widened the industrial applications of smart material. Augmented use of smart actuators & motors, sensors, and structural materials is anticipated to bolster the demand over the next few years.

Smart materials are advanced products, which can sense and respond to a broad range of stimuli, including electric and magnetic fields, temperature, pressure, mechanical stress,hydrostatic pressure, nuclear radiation, and pH change. Unique properties of these products allow them to revert to their original state after removal of the stimuli.

Piezoelectric, shape memory, electrostrictive, magnetostrictive, phase change, and electrochromic materials have gained wide industrial acceptance in the recent past. Furthermore, ferromagnetic shape memory alloys, electroactive polymers, conductive polymers, and carbon nanotube actuators are few of the emerging materials in the market, with strong application potential.

North America was the leading region in the global market in 2016, primarily owing to significant demand for smart actuators & motors in key industries such as automotive, consumer goods, and aerospace. Europe accounted for the second-largest share of the market in 2016, followed by Asia Pacific. Asia Pacific is anticipated to exhibit a remarkable growth over the forecast period, owing to significant research activities supported by the government.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/smart-materials-market

Further key findings from the report suggest:

The global smart material market was valued at USD 32.77 billion in 2016 and is estimated to grow at a CAGR of 13.5% from 2017 to 2025, owing to increasing demand from key verticals such as aerospace, consumer electronics, and aerospace.

Considerable growth of piezoelectric devices in numerous end-user industries has boosted the product demand over the past few years, thereby enabling this product category to remain the dominant segment, with a share of over 50%.

The dominance of the piezoelectric product segment can be primarily attributed to the rising demand in applications such as hydrophones, sonar, speakers, buzzers, gas igniters, and sporting equipment.

Shape memory materials are predicted to experience the fastest growth over the forecast period, owing to rapid emergence of the product in medical sub-segments such as stents, dental braces, medical textiles, prosthetics, and surgical fixation devices.

Requirements pertaining to efficient vibration & noise control systems, ultrasonic motors, fuel injection systems, and standard industrial actuators have motivated the product demand in actuators & motors application segment.

The demand for the products in the structural material application segment is estimated to grow at the fastest rate during the forecast period, owing to emerging requirement of adaptive materials in structural health monitoring and green building materials.

Asia Pacific is estimated to grow at the fastest CAGR of 15.0% from 2017 to 2025. Collaboration between manufacturers and research organizations is likely to present new openings in the Chinese market, thereby also driving the overall Asia Pacific market.

Key players in the industry focus on research collaborations and product innovation to strengthen their positions in the industry.

Grand View Research has segmented the global smart material market on the basis of product, application, and region:

Smart Material Product Outlook (Revenue, USD Million; 2014 - 2025)

Piezoelectric materials

Shape memory materials

Electrostrictive materials

Magnetostrictive materials

Phase change materials

Electrochromic materials

Others

Smart Material Application Outlook (Revenue, USD Million; 2014 - 2025)

Actuators & Motors

Transducers

Sensors

Structural materials

Others

Smart Material Regional Outlook (Revenue, USD Million; 2014 - 2025)

North America

Europe

Asia Pacific

Central & South America

MEA

U.S.

Germany

UK

China

Japan

Brazil

South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

[rdagade]

Smart Materials Market: Competitive Analysis, Growth, Trend, Forecast up to 2027

Smart Materials Market Overview:

Smart Materials Market: Report Scope the latest industry report on the Smart Materials Market assesses the opportunities and current market landscape, offering insights and updates on the corresponding segments for the forecasted period of 2021-2027. The report contains a complete analysis of major market dynamics as well as detailed information on the global Smart Materials market's structure. This market research report provides unique insights into how the global Smart Materials market is expected to grow from 2021 to 2027.

The primary goal of the Smart Materials market research is to provide detailed information on market opportunities that are assisting in the transformation of global Smart Materials enterprise. Report  provide projected growth rates along with the compound annual growth rate (CAGR) for forecasted period to enable readers to better understand the monitoring and assessment of the global Smart Materials market, as well as to discover lucrative opportunities in the market.

Request for free sample: https://www.maximizemarketresearch.com/request-sample/55833

Market Scope:

Maximize Market Research, report provide overall market insights for manufacturers, suppliers, distributors, and investors in the global Smart Materials market. The information and data offered in the report may be used by all stakeholders in the global Smart Materials market, as well as industry professionals, researchers, journalists, and business researchers.

Maximize Market Research, report provides a unique research approach to conduct detailed research on the global Smart Materials market and make conclusions on the market's future growth factors. Primary and secondary research methodologies are combined in the research approach to assure the authenticity and validity of the conclusions in this report.

The report discusses the Smart Materials market's drivers, restraints, opportunities, and challenges. The research helps to identify the market growth drivers and determining how to utilize these factors as strengths. Restraints can assist readers in identifying traits that are restricting the Smart Materials market, as well as reducing them before they become an issue.  This will assist readers in comprehending the aspects that will influence your ability to capitalise on possibilities.

Segmentation:

Global Smart Material Market

Report CoverageDetails

Base Year:2020Forecast Period:2021-2027

Historical Data:2016 to 2020Market Size in 2020:US $ 52.14 Bn.

Forecast Period 2021 to 2027 CAGR:12.9%Market Size in 2027:US $ 121.91 Bn.

Segments Covered:by Product• Piezoelectric • Shape Memory Alloys • Electrostrictive • Magnetostrictive • Electrochromic

by Application• Transducers • Actuators & Motors • Sensors • Structural Materials • Coatings

by End User• Industrial • Defense & Aerospace • Automotive • Consumer Electronics • Healthcare • Other (Civil Engineering and Retail)

Get more Report Details https://www.maximizemarketresearch.com/market-report/global-smart-materials-market/55833/

Key Players:

• APC International, Ltd. • Harris Corporation • CeramTec • Kyocera Corporation • TDK Corporation • NOLIAC A/S • AMETEK Inc. • CeramTec • CTS Corporation • Harris Corporation • LORD Corporation • Piezo Kinetics, Inc • SMART MATERIAL CORP. • TDK U.S.A. Corporation • MURATA • Solvay • Johnson Matthey • Arkema • Meggitt Sensing

The competitive landscape shows the market share of major key competitors, as well as their key development plans and current financial performance over the previous five years. This information is anticipated to help businesses understand their competitors on a global level. Furthermore, the reports feature company profiles, product offers, critical financial data, country-level research, and a synthesis of demand and supply variables that influence market growth.

Regional Analysis:

Geographically, Smart Materials market report is segmented into several key regions are as follows,

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Europe (Turkey, Germany, Russia UK, Italy, France, etc.)

North America (the United States, Mexico, and Canada.)

South America (Brazil etc.)

The Middle East and Africa (GCC Countries and Egypt.)

Furthermore, the study covers market size, growth rate, import and export, as well as country-level analysis, integrating the demand and supply forces of the Smart Materials market in these countries, which are impacting market growth.

COVID-19 Impact Analysis on Smart Materials Market:

COVID-19's global influence on the Smart Materials market was examined in this research. During this crisis, the report examines the Smart Materials market's alternatives, demanding conditions, and difficult possibilities in detail. In terms of funding and market expansion, the paper briefly examines the COVID-19's merits and limitations. The study also contains a set of concepts that should aid readers in developing and planning company strategies.

The report considers consultations to overcome past disruptions and foresees potential ones in order to improve preparation. Businesses can use the frameworks to design their strategic alignments in order to recover from such disruptive trends. Maximize Market Research analysts can also assist readers in breaking down a complex circumstance and bringing resiliency to a situation that is uncertain.

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