#Shape Memory Alloys Market Industry Report

[electronalytics]

Muscle Wire Market Analysis Growth Factors and Competitive Strategies by Forecast 2032

Market Overview:

The muscle wire market refers to the segment of the industry that deals with the production and application of shape memory alloys (SMAs), commonly known as muscle wires. Muscle wires are made from alloys that can change their shape in response to external stimuli such as heat, electricity, or stress. They find applications in various industries, including robotics, aerospace, automotive, healthcare, and consumer electronics.

Key Factors:

1. Expanding robotics and automation market: The need for muscle wires is being driven by the growing use of robotics and automation in sectors including manufacturing, healthcare, and aerospace. These cables give robotic devices the ability to move precisely and deliberately, improving their functionality and effectiveness.

2. Development of new and superior muscle wire alloys with improved qualities such as form recovery, durability, and fatigue resistance has been made possible by ongoing advances in material science. These developments help the market expand.

3. Electronics are becoming smaller: The demand for miniaturised actuation systems is driven by the movement towards smaller and more compact electronic devices, such as wearable tech, cellphones, and medical implants. A practical alternative for precise and compact actuation in these systems is muscle wires.

4. Muscle wires are utilised in the automotive industry for a variety of purposes, including active aerodynamics, engine components, and safety systems. They are suitable for a variety of automotive applications due to their ability to deliver precise and reliable actuation.

5. Medical and healthcare applications: Muscle wires are used in products including drug delivery systems, surgical instruments, and assistive equipment in the medical and healthcare industry. These applications benefit from muscle wires' capacity to deliver regulated actuation and movements.

6. There is an expanding market for smart fabrics, which include technological elements and functionality. It is possible to incorporate muscle wires into textiles to give them shape-changing capabilities, resulting in the creation of creative and adaptable clothes, wearable technology, and smart materials.

7. Applications in the aerospace industry: The aerospace sector uses muscle wires for morphing wings, actuation systems, and adaptive structures. In aircraft applications, muscle wires provide thin, effective actuation solutions that boost performance and fuel economy.

8. Research and development activities: Ongoing research and development in the field of muscle wires is fostering innovation and broadening the applications that they may be used for. This involves improvements in material composition, fabrication processes, and integration strategies that create new market prospects.

9. Energy-efficient actuation: Compared to conventional mechanical systems, muscle wires offer energy-efficient actuation. They are appealing for situations where energy efficiency is essential because they can efficiently transform electrical energy into mechanical motion.

10. Growing need for intelligent and responsive materials: The industry is seeing an increase in demand for materials that can respond to external stimuli and alter their shape or qualities. Since muscle wires have special qualities in this area, their use is growing.

Here are some key benefits for stakeholders:

Growing Market Opportunity

Innovative Applications

Energy Efficiency

Miniaturization and Lightweight

Reliability and Durability

Flexibility and Versatility

Improved Medical Applications

Competitive Advantage

Demand and Trends:

The growing deployment of robots, automation, and miniature electronic devices across sectors is predicted to increase the market for muscle wires. The market is additionally impacted by trends like the creation of smart textiles, developments in material science, and the expanding need for responsive and energy-efficient materials.

Muscle wires' prospective uses are anticipated to expand as long as research and development efforts are made, hence market expansion is likely. To fulfil the changing needs of diverse industries, producers and suppliers should concentrate on creating cutting-edge muscle wire goods, working with other industry participants, and discovering new application areas.

We recommend referring our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into this market.

By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.

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Market Segmentations:

Global Muscle Wire Market: By Company

• Edgetech Industries

• Jameco Electronics

• Dynalloy, Inc

• Hengxin Rare Metals

• Cliniva Healthcare

• Aura Design

• Autosplice

• SAES Getters

• Ulbrich

• California Fine Wire Co.

Global Muscle Wire Market: By Type

• One - Way

• Two – Way

Global Muscle Wire Market: By Application

• Aerospace

• Textile Electronics

• Arterial Stints

• Robotics

• Orthodontic Braces

• Eyeglasses

• Others

Global Muscle Wire Market: Regional Analysis

The regional analysis of the global Muscle Wire market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Muscle Wire market report are as follows:

North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Muscle Wire in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.

Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Muscle Wire in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.

Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Muscle Wire in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.

Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.

South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Muscle Wire in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.

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Reasons to Purchase Muscle Wire Market Report:

• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.

• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.

• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.

• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.

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[marketingreportz]

Aircraft Engine Blades Market - Forecast(2024 - 2030)

Innovations like blisk technology and 3D printing are improving their performance, reducing engine weight, and increasing fuel efficiency, making them essential for the future of sustainable aviation.

Sample Report:

 Introduction to Aircraft Engine Blades

What are Aircraft Engine Blades?

Aircraft engine blades are critical components in jet engines, responsible for compressing air and converting fuel into thrust.

They are located in the turbine and compressor sections of an engine.

Types of Blades:

Compressor Blades: Increase the pressure of incoming air.

Turbine Blades: Extract energy from hot gases to drive the compressor and other systems.

How Aircraft Engine Blades Work

Aerodynamics in Blades:

The aerodynamic design of blades allows efficient air movement and heat management.

Blade Shape and Curvature: Designed to handle the high-speed airflow and extreme conditions inside a jet engine.

Blade Function:

Blades play a vital role in compressing air, mixing it with fuel, and generating the necessary energy to propel the aircraft.

 Materials Used in Aircraft Engine Blades

Advanced Alloys and Composites:

Aircraft engine blades are made from heat-resistant materials like nickel-based superalloys.

Why These Materials Matter:

Blades endure extreme temperatures (up to 2,500°F) and pressure, necessitating materials that can handle stress without deformation.

Ceramic Matrix Composites (CMCs):

Emerging materials offering greater heat resistance and weight reduction, boosting fuel efficiency.

 Challenges in Aircraft Engine Blade Design

Thermal Stress:

The heat produced by jet engines can cause metal fatigue or cracking, posing a significant design challenge.

Fatigue and Wear:

Blades undergo cyclic stress from constant engine operation, making durability crucial.

Advanced Cooling Techniques:

Internal cooling channels and thermal barrier coatings (TBCs) help manage blade temperatures and extend lifespan.

Inquiry Before Buying:

 Manufacturing of Aircraft Engine Blades

Casting and Forging:

The manufacturing process includes investment casting and single-crystal forging, which ensures precision in the blade’s aerodynamic shape.

Additive Manufacturing (3D Printing):

3D printing technologies are emerging as game-changers, allowing for complex designs and reducing manufacturing time.

Innovations in Aircraft Engine Blades

Blisk Technology (Bladed Disks):

Integrating blades and disks into a single component, reducing weight and improving efficiency.

Shape Memory Alloys:

Materials that adapt to changing temperatures to enhance performance.

Active Clearance Control:

Systems designed to adjust blade tip clearance in real-time to optimize efficiency and performance.

Schedule a Call :

 Future Trends in Blade Technology

Lightweight Composite Materials:

The future lies in even lighter and more durable materials to improve fuel efficiency.

Smart Blades:

Blades equipped with sensors to monitor real-time performance and optimize maintenance schedules.

Sustainability:

Manufacturers are focusing on developing blades that reduce fuel consumption, contributing to the industry’s push for greener aviation.

Maintaining and Replacing Engine Blades

Inspections and Maintenance:

Blades are regularly inspected for cracks, erosion, and wear during scheduled maintenance.

Cost of Replacement:

Replacing a turbine blade can be costly, which makes early detection of wear critical.

 The Environmental Impact of Aircraft Engine Blades

Fuel Efficiency:

Engine blades have a direct impact on the engine’s fuel consumption, which contributes to lower emissions.

Noise Reduction:

New blade designs aim to reduce the noise levels of jet engines, especially in urban areas.

Buy Now :

Conclusion

Aircraft engine blades represent a marvel of engineering, constantly evolving with the demands for efficiency, durability, and environmental sustainability. Whether through material innovation or advanced design techniques, these components are crucial for the future of aviation.

For More Information about Aircraft Engine Blades Market click here

[market-insider]

Shape Memory Alloys Market Overview: Extensive Evaluation of Market Size, Share, Growth Opportunities

The global shape memory alloys market is expected to reach USD 29.29 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 11.3% over the forecast period. Shape memory alloy (SMA) refers to a metallic material that can be bent or stretched in its cool state. The alloy regains its original shape when heated above the transition temperature. Low temperature (martensite) and high temperature (austenite) are two stable phases of SMAs.

Nickel-titanium alloy (nitinol) is the key product type, which is largely used in medical devices. Medical devices made from nitinol include dental wires, needles, catheter tubes, guidewires, and other surgical instruments. The biomedical industry is facing many challenging applications that are testing the capability of SMAs. Recent research and development activities are aimed at improving the fatigue life of the material and producing materials with low inclusion sizes.

Shape Memory Alloys Market Report Highlights

The biomedical segment had the largest market share, over 60%, in 2023. This segment's large share is attributed to increasing R&D in medical devices and surgical instruments.

The Nickel titanium alloys (nitinol) segment is anticipated to grow at a CAGR of 11.4% during the forecast period. Increasing R&D activities for application-specific products are aiding the growth of this segment.

Asia Pacific held a revenue share of over 29.0% in 2023. The large populations in India and China, along with increasing investment in the healthcare sector, are projected to remain key drivers for the long term.

North America is anticipated to grow at a CAGR of 11.4% during the forecast period. Increasing production activities in the aerospace and automotive industries are likely to contribute to market growth.

Some of the key players in the market are SAES Group, ATI, Nippon Steel Corporation, Furukawa Electric Co., Ltd., Seabird Metal, and Johnson Matthey. M&As and investment in R&D are key growth strategies of market players.

For More Details or Sample Copy please visit link @: Shape Memory Alloys Market Report

Gradual expansion of the automotive industry is likely to play a significant role in the demand for SMAs over the forecast period. SMA actuators are gaining popularity among automobile manufacturers owing to properties such as shape memory effect (SME) and super elasticity (SE). In addition, SMA actuators do not need complex and bulky design to function. Increasing R&D investments by automobile manufacturers to find potential applications such as climate control, door locks, engine control valve, and actuators are anticipated to drive market growth.

Aerospace and defense is another promising sector for SMAs. Rising focus on multi-functionality and reliability is driving demand for advanced materials in aerospace applications such as spacecraft, rotorcraft, and fixed-wing aircraft.

Asia Pacific is projected to remain a key region for the market over the coming years. Various research institutes and organizations are focusing on the development of new industrial applications. The region is undergoing significant infrastructural development in railways, roadways, industrial, commercial, and residential sectors. Furthermore, globalization has made the region a lucrative place for investment to aid the development of the economy while catering to a larger population. Asia Pacific also boasts a large aerospace and defense industry, creating novel opportunities for SMAs to be incorporated.

The market is competitive, with various small and large participants. Mergers and acquisitions, R&D investments, and new product launches are key strategic initiatives adopted by market players. For instance, in March 2024, Montagu Private Equity LLP, a private equity firm, announced its plans to acquire Johnson Matthey Plc's Medical Device Components (MDC) business. MDC develops and manufactures specialized components for minimally invasive medical devices. It also focuses on complex and high-precision parts made from platinum group metals and nitinol.

List of major companies in the Shape Memory Alloys Market

ATI

Baoji Seabird Metal Material Co., Ltd.

Dynalloy, Inc.

Fort Wayne Metals Research Products Corp

Furukawa Electric Co., Ltd.

Johnson Matthey

Mishra Dhatu Nigam Limited (MIDHANI)

Nippon Seisen Co., Ltd.

Nippon Steel Corporation

SAES Group

For Customized reports or Special Pricing please visit @: Shape Memory Alloys Market Analysis Report

We have segmented the global shape memory alloys market on the basis of product, end-use, and region.

[master-ps]

Shape Memory Alloys Market, Share, Size, Trends, Industry Analysis, Forecast and Outlook

Shape Memory Alloys Market

The market research report provides a comprehensive analysis of the industry, with a specific focus on the Shape Memory Alloys Market. It examines the size, growth rate, and major trends within the Shape Memory Alloys Market, offering valuable insights into its current state and future prospects. The report explores the significance of Shape Memory Alloys in driving market dynamics and shaping business strategies. It investigates the market drivers, such as increasing consumer demand and emerging trends related to Shape Memory Alloys, providing a deep understanding of the factors influencing market growth. Additionally, the report assesses the competitive landscape within the Shape Memory Alloys Market, profiling key players and their market share, strategies, and product offerings. It also addresses market segmentation, identifying different segments within the Shape Memory Alloys Market and their unique characteristics. Overall, the market research report equips businesses operating in the Shape Memory Alloys Market with valuable information and actionable recommendations to capitalize on opportunities and navigate the challenges in the industry.

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This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.

The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and sub segments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

Key Market Segmentation

Global Shape Memory Alloys Market- By Type

Nickel Titanium Alloys

Copper-Based Alloys

Fe-Mn-Si

Others

Global Shape Memory Alloys Market- By Application

Biomedical

Aerospace & Defense

Automotive

Consumer Electronics & Appliances

Others

Global Shape Memory Alloys Market- By Region

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Russia

Benelux

Nordics

Rest of Europe

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific

Middle East and Africa

South America

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Table of Content

Methodology & Scope

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

1.5. List of abbreviations

Assumptions

Research Methodology

3.1. Data Mining

3.2. Secondary Research

3.3. Primary Research

3.4. Data Sources

3.5. Data Triangulation

3.6. Bottom-up Approach

3.7. Top Down Approach

Executive Summary

4.1. Market Overview

4.2. Global Shape Memory Alloys Market Geographical Analysis (CAGR %)

4.3. Global Shape Memory Alloys Market, By Type (US$ Million)

4.4. Global Shape Memory Alloys Market, By Application (US$ Million)

4.5. Future Market Opportunities

4.6. Global Market Split

Market Dynamics

5.1. Market Drivers

5.2. Market Restraints

5.3. Opportunities Analysis

5.4. Emerging Trends Analysis

5.4.1. Demand Side Analysis

5.4.2. Supply Side Analysis

Key Insights

6.1. Macro and Micro Economic Indicators

6.2. Consolidated SWOT Analysis of Key Players.

6.3. Porter’s Five Forces Analysis

6.3.1. Bargaining power of buyers

6.3.2. Bargaining power of suppliers

6.3.3. Threat of new entrants

6.3.4. Threat of substitutes

6.3.5. Threat of rivalry

6.3.6. Market condition

6.4. PESTEL Analysis

6.5. Key Product Developments

6.6. Value Chain Analysis

6.7. Cost Structure Analysis

6.8. Price Trend Analysis

6.8.1. Weighted Average Price

6.8.2. Price Impact-COVID-19

Impact Analysis of COVID-19 on Global Shape Memory Alloys Market

7.1. Short Term Impact of COVID-19 on the Global Shape Memory Alloys Market

7.2. Long Term Impact of COVID-19 Global Shape Memory Alloys Market

7.3. Impact of COVID-19 on the Parent Market

7.4. Sales and Financial Analysis of  Shape Memory Alloys Market

Global Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028

8.1. Key Findings / Summary

8.2. Market Size Estimates and Forecasts

8.2.1. By Type (Value)

8.2.1.1. Nickel Titanium Alloys

8.2.1.2. Copper-Based Alloys

8.2.1.3. Fe-Mn-Si

8.2.1.4. Others

8.2.2. By Application (Value)

8.2.2.1. Biomedical

8.2.2.2. Aerospace & Defense

8.2.2.3. Automotive

8.2.2.4. Consumer Electronics & Home Appliances

8.2.2.5. Others

8.2.3. By Region (Value)

8.2.3.1. North America

8.2.3.2. Europe

8.2.3.3. Asia Pacific

8.2.3.4. Middle East and Africa

8.2.3.5. South America

North America Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028

9.1. Market Size Estimates and Forecasts

9.1.1. By Type (Value)

9.1.1.1. Nickel Titanium Alloys

9.1.1.2. Copper-Based Alloys

9.1.1.3. Fe-Mn-Si

9.1.1.4. Others

9.1.2. By Application (Value)

9.1.2.1. Biomedical

9.1.2.2. Aerospace & Defense

9.1.2.3. Automotive

9.1.2.4. Consumer Electronics & Home Appliances

9.1.2.5. Others

9.1.3. By Country (Value)

9.1.3.1. U.S.

9.1.3.2. Canada

9.1.3.3. Mexico

Europe Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028

10.1. Market Size Estimates and Forecasts

10.1.1. By Type (Value)

10.1.1.1. Nickel Titanium Alloys

10.1.1.2. Copper-Based Alloys

10.1.1.3. Fe-Mn-Si

10.1.1.4. Others

10.1.2. By Application (Value)

10.1.2.1. Biomedical

10.1.2.2. Aerospace & Defense

10.1.2.3. Automotive

10.1.2.4. Consumer Electronics & Home Appliances

10.1.2.5. Others

10.1.3. By Country (Value)

10.1.3.1. Germany

10.1.3.2. United Kingdom

10.1.3.3. France

10.1.3.4. Italy

10.1.3.5. Spain

10.1.3.6. Russia

10.1.3.7. Benelux

10.1.3.8. Nordics

10.1.3.9. Rest of Europe

Asia Pacific Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028

11.1. Market Size Estimates and Forecasts

11.1.1. By Type (Value)

11.1.1.1. Nickel Titanium Alloys

11.1.1.2. Copper-Based Alloys

11.1.1.3. Fe-Mn-Si

11.1.1.4. Others

11.1.2. By Application (Value)

11.1.2.1. Biomedical

11.1.2.2. Aerospace & Defense

11.1.2.3. Automotive

11.1.2.4. Consumer Electronics & Home Appliances

11.1.2.5. Others

11.1.3. By Country (Value)

11.1.3.1. China

11.1.3.2. Japan

11.1.3.3. India

11.1.3.4. Southeast Asia

11.1.3.5. Oceania

11.1.3.6. Rest of Asia Pacific

Middle East and Africa Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028

12.1. Market Size Estimates and Forecasts

12.1.1. By Type (Value)

12.1.1.1. Nickel Titanium Alloys

12.1.1.2. Copper-Based Alloys

12.1.1.3. Fe-Mn-Si

12.1.1.4. Others

12.1.2. By Application (Value)

12.1.2.1. Biomedical

12.1.2.2. Aerospace & Defense

12.1.2.3. Automotive

12.1.2.4. Consumer Electronics & Home Appliances

12.1.2.5. Others

12.1.3. By Country (Value)

12.1.3.1. South Africa

12.1.3.2. GCC

12.1.3.3. Rest of Middle East and Africa

South America Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028

13.1. Market Size Estimates and Forecasts

13.1.1. By Type (Value)

13.1.1.1. Nickel Titanium Alloys

13.1.1.2. Copper-Based Alloys

13.1.1.3. Fe-Mn-Si

13.1.1.4. Others

13.1.2. By Application (Value)

13.1.2.1. Biomedical

13.1.2.2. Aerospace & Defense

13.1.2.3. Automotive

13.1.2.4. Consumer Electronics & Home Appliances

13.1.2.5. Others

13.1.3. By Country (Value)

13.1.3.1. Brazil

13.1.3.2. Argentina

13.1.3.3. Chile

13.1.3.4. Peru

13.1.3.5. Rest of South America

Competition Matrix

14.1. Business Strategies & Insights Adopted by Leading Players

Global Shape Memory Alloys Market Revenue Share Analysis, By Key Market Participants, 2021

Company Profiles

16.1. SAES Getters

16.1.1. Company Overview

16.1.2. Description

16.1.3. Product Benchmarking

16.1.4. Financials Performance (Data as available in public domain and/or on paid databases)

16.1.5. Recent Developments

16.1.6. COVID – 19 Response

16.1.7. Strategy & Business Overview

Similar information shall be provided for all the below companies

Key Takeaways

Transcripts of the Primary Interview Respondents

Continue…

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[marketresearch99]

Driving Industrial Precision: Analyzing Innovations and Trends in Actuators for 2023

In the realm of industrial automation and machinery, actuators play a pivotal role as the silent workforce behind countless mechanical movements. As we step into 2023, the Actuators Market continues to evolve, offering sophisticated solutions that drive precision, efficiency, and innovation across diverse industries.

Understanding Actuators:

Actuators are mechanical or electromechanical devices that convert energy into mechanical motion, enabling the control and movement of machinery and systems. In 2023, these devices come in various forms, from electric and hydraulic to pneumatic and piezoelectric, each catering to specific applications based on their unique capabilities.

Pioneering Technological Advancements:

The Actuators Market of 2023 is characterized by technological advancements that revolutionize industries. Innovations in materials, such as shape memory alloys and smart polymers, enhance actuator efficiency and responsiveness. Additionally, integration with sensors, IoT, and advanced control systems optimizes precision and functionality.

Diverse Industrial Applications:

Actuators find applications across a wide spectrum of industries. In automotive manufacturing, they power automated assembly lines. In aerospace, they control aircraft components. Moreover, actuators facilitate robotic movements in manufacturing and healthcare, demonstrating their versatility in various industrial settings.

Enabling Smart Automation:

With the rise of Industry 4.0, the Actuators Market embraces smart automation. Actuators equipped with sensors and connectivity capabilities enable predictive maintenance, real-time monitoring, and remote control, enhancing operational efficiency and minimizing downtime across manufacturing and processing plants.

Market Dynamics and Evolution:

The Actuators Market continues to witness dynamic growth. The demand for actuators with higher accuracy, speed, and reliability drives innovation. Ongoing developments focus on miniaturization, energy efficiency, and cost-effectiveness to meet evolving industrial needs.

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Forecasting Future Trends:

Looking ahead, the Actuators Market is poised for significant advancements. Anticipated trends include increased adoption of electric actuators, advancements in robotics, and the integration of artificial intelligence to enhance actuator functionality, thereby further streamlining industrial processes.

Conclusion:

In 2023, the Actuators Market stands as an indispensable contributor to industrial efficiency and automation. Its evolution from basic mechanical devices to sophisticated, smart actuators marks a paradigm shift in how industries harness motion control technology. As these devices continue to advance and diversify, their role in driving innovation, precision, and reliability across industries remains pivotal, shaping a future where machinery and systems operate with unprecedented accuracy and efficiency.

[emaanderson]

Shape Memory Alloys Market to Grow with a CAGR of ~13% During 2023–2035 and Attain ~USD 47 Billion by 2035

New York – July 29, 2023- Research Nester’s recent market research analysis on “Shape Memory Alloys Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global shape memory alloys market in terms of market segmentation by type, end use, and by region. 

Rising Demand for Automotive to Boost the Growth of Global Shape Memory Alloys Market

The global shape memory alloys market is set to grow on account of rising demand for automotive. In the automotive industry, shape memory alloys have a wide range of possible uses, particularly in light of recent developments. Even though they are currently largely used in the cooling circuit or to operate mixing valves, shape memory alloys will be essential to the automation of cars in the future. Actuators are needed to build automated vehicles. Shape memory alloys based on nickel-titanium are capable of noiseless phase change. As a result, systems and actuators built around shape memory alloys operate and react quietly, preventing unwanted engine noise inside the car.

Additionally, the demand for household equipment including refrigerators, coffee machines, and furnaces has increased as a result of rising disposable income. These appliances make extensive use of shape memory alloys because of their enhanced elasticity and shape memory effect (SME) characteristics. Additionally, the aerospace industry is increasingly adopting SMEs because of their beneficial qualities, such as high mechanical strength and fatigue resistance, which is booming the market.

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Some of the major growth factors and challenges that are associated with the growth of the global shape memory alloys market are:

Growth Drivers:

Rising Application of Shape Memory Alloys in Robotics

Growing Deployment of Shape Memory Alloys in Fire Alarm

Challenges:

During the projected period, the high cost of raw materials would be the key barrier to the market growth of shape memory alloys. Only a few businesses, particularly those in the medical sector, can afford the expenses and research required to create new markets. Nitinol, for instance, has an extremely low composition and a very high cost. One of the primary problems on the market is that manufacturers use it by the inch rather than the pound.

By end use, the market for shape memory alloys is segmented into biomedical, aerospace & defense, automotive, and consumer electronics & home appliances. Out of these segments, the biomedical segment is anticipated to gather share of about 40% over the forecast period. The automotive segment is also set to grow. The demand for better performance, safety, and comfort in modern automobiles is driving the creation of sophisticated actuators, sensors, and microcontrollers. The segment is expanding as to a growing preference for the shape memory effect over traditional actuators including pneumatic and hydraulic systems.

By region, the market in Europe for shape memory alloys is anticipated to grow over the forecast period. The demand for shape memory alloys from the aerospace & defense and biomedical industries in the region is anticipated to increase as a result of rising defense budgets, investments in aerospace industries, spending on healthcare, and the availability of top healthcare services.

This report also provides the existing competitive scenario of some of the key players of the global shape memory alloys market which includes company profiling of Dynalloy, Inc., Fort Wayne Metals, SAES Getters S.p.A., Nitinol Devices & Components, Admedes GmbH, Memry Corporation, Confluent Medical Technologies, Metalwerks, Johnson Matthey, Endosmart GmbH, and others.

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Aerospace 3D Printing Market Analysis 2029

The global aerospace 3D printing market size stood at USD 2.66 billion in 2021. The market is anticipated to rise from USD 2.94 billion in 2022 to USD 8.35 billion in 2029, at a 16.07% CAGR during the forecasted period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Aerospace 3D Printing Market, 2023-2029.”

According to the study, surging demand for low-weight components will drive innovations across emerging and advanced economies. For instance, carbon fiber materials and shape memory alloys have become trendier to minimize aircraft’s weight. With the need for fuel-saving gaining prominence, industry players will continue to invest in the portfolio.

COVID-19 Impact

Plunge in Aircraft Manufacturing Challenged Industry Growth

End-users strived to overcome challenges emanating from the COVID-19 pandemic, largely due to a shortage of raw materials and a dip in aircraft manufacturing. Although companies, such as Stratasys, contemplated producing medical equipment for hospitals, the customer base grappled with boosting the financial commitment. Meanwhile, robust government policies and investment in cutting-edge R&D could play a pivotal role in surmounting complexities stemming from the pandemic.

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Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

Segmentations

Material Segment to Gain Traction from Rising Demand for High strength-to-weight Ratio Materials

In terms of vertical, the market is segregated into material and printer. The material segment could account for the highest share of the global market. The growth is partly attributed to the strong demand for high strength-to-weight ratio materials.

Aircraft to Exhibit Profound Demand Due to Rising Footfall of 3D printed Parts

With respect to industry, the market is segmented into spacecraft, aircraft and UAV. The aircraft segment will contribute a significant CAGR towards the global market, partly due to the need for equipment deliveries and the demand for 3D printed parts.

Space Component to Depict Strong Demand Due to Rising Number of 3D Printer Deliveries

On the basis of application, the market is classified into space component, engine component and structural components. Stakeholders expect the space component segment to boost industry growth in the wake of a surging number of aerospace 3D printer deliveries for space components.

Fused Deposition Modeling (FDM) to be Sought-after for Efficiency

Based on the printer technology, the industry is divided into Fused Deposition Modeling (FDM), Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), Continuous Liquid Interface Production (CLIP), Selective Laser Sintering (SLS) and others. The fused deposition modeling segment will grow due to increased efficiency and money-saving attributes.

Drivers and Restraints

Strong Demand for Composite Materials to Boost Industry Growth

Aerospace 3D printing market growth will be pronounced during the forecast period, largely due to bullish demand from composite materials. Expanding applications, such as wing assemblies, beech starship, propellers and helicopter rotor blades, will augur well for the industry growth. Besides, additive manufacturing will gain impetus in space applications. An upsurge in research and development activities will encourage investments in the ensuing period. Prominently, the European Space Agency (ESA) is contemplating 3D printing their base on the moon, auguring well for the industry outlook. However, increased time consumption and the high cost of parts could dent the industry growth.

Regional Insights

North America to Provide Lucrative Opportunities with Bullish Adoption of Additive Manufacturing

The trend for additive manufacturing will continue to receive traction across the U.S. and Canada over the next few years. The growth is mainly attributed to the rising demand for space exploration and aircraft programs. North America market size stood at USD 1.17 billion in 2021 and will witness a similar trend on the back of the strong adoption of aerospace 3D printers across the region.

Asia Pacific aerospace 3D printing market share will be robust against the backdrop of increased adoption of aerospace 3D printers across Japan, China and India. Moreover, leading players will continue to exhibit an exponential demand for small components in space and aircraft systems.

Industry participants expect Europe to contribute notably toward the global market in the wake of the rollout of advanced technologies across the region. Advanced economies are poised to invest in aircraft programs to boost their portfolios across untapped areas.

Competitive Landscape

Stakeholders Prioritize Strategic Approaches to Boost Penetration

Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.

Notable Industry Development

March 2022 – Relativity Space Inc is gearing up to build an entire rocket using state-of-the-art 3D printing technology.

Major Players Profiled in the Market Report:

3D Systems (U.S.)

Stratasys (Israel)

Materialise (Belgium)

EOS GmbH (Germany)

General Electric Company (U.S.)

CleanGreen3D (Mcor Technologies Limited) (U.S.)

Ultimaker BV (Netherlands)

Proto Labs, Inc. (U.S.)

Relativity Space (U.S.)

The ExOne Company (U.S.)

Voxeljet AG (Germany)

Velo 3D (U.S.)

SLM Solutions Group AG (Germany)

EnvisionTEC (U.S.)

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Robotics and Automation Actuators Market Share, Size Growing Rapidly with Modern Trends, Development, Revenue, Demand and Forecast to 2027

The research report "Robotics and Automation Actuators Market by Actuation (Electric, Pneumatic, Hydraulic), Application (Process Automation, Robotics), Type, Vertical (Automotive, Electronics, Healthcare), Design Characteristics & Region - Global Forecast to 2027" published by MarketsandMarkets, the Robotics and Automation Actuators market is estimated to be valued from USD 18.7 billion in 2022 to USD 35.8 billion by 2027; at a CAGR of 13.9% during the forecast period.

The robotics and automation actuators market is growing at a significant rate, and this trend is expected to continue during the forecast period. This growth can be attributed to the development of advanced actuators, such as pneumatic muscle arm actuators, shape memory alloy actuators, and compact electric actuators. However, stringent regulations regarding safety and power consumption, noise, and leak issues are some of the restraints impacting the growth of the market.

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The Roboticts application segment of the robotics abd automation actuators market is projected to grow at the highest CAGR during the forecasted period.

By application, the robotics segment is projected to grow at the highest CAGR in the robotics and automation actuators market in 2022. The growth in service robots in applications such as logistics, medical, field robotics, exoskeleton and household will fuel the growth of robotics segment.

The Rotary actuator segment of the robotics abd automation actuators market is estimated to have the highest CAGR during the forecasted period

By type, the rotary is estimated to grow at a highest CAGR during the forecast period. Growth in rotary actuators can be attributed to the increasing installations of industrial robots and growing demand for service robots.

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Asia Pacific is estimated to lead the robotics and automation actuators market by 2027. The market growth in this region can be attributed to the installation of automation systems in Japan and China and the higher manufacturing of industrial robots in these regions. The presence of some major companies such as SMC (Japan), MISUMI Group Inc. (Japan), IAI (Japan) is also contributing to the growth of the Asia Pacific robotics and automation actuators market.

ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US). Moog (US), SMC (Japan), Curtis Wright (Exlar) (US), and MISUMI (Japan) are some of the leading players covered in the robotics and automation actuators market report.

Top 5 Key Market Players in Robotics and Automation Actuators Companies 

ABB (Switzerland)

Rockwell Automation (US)

Altra Industrial Motion (US)

Moog (US)

SMC (Japan)

Curtis Wright (Exlar) (US)

MISUMI (Japan)

DTN (US)

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com

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Smart Materials Market Global Growth and Size Analysis

The smart materials market refers to the industry that deals with the development, manufacturing, and application of materials that possess responsive and adaptive properties. These materials are designed to change their physical characteristics in response to external stimuli such as temperature, light, pressure, or electrical signals. The smart materials market encompasses a wide range of materials, including shape memory alloys, piezoelectric materials, electrochromic materials, thermochromic materials, and many others.

Smart materials are revolutionizing various industries by offering enhanced functionality, improved performance, and increased efficiency in diverse applications. Some key sectors where smart materials are being extensively used include:

Aerospace and Defense: Smart materials are employed in aircraft wings, fuselages, and other structural components to improve fuel efficiency, reduce weight, and enhance aerodynamic performance. They are also used in defense applications such as smart textiles for soldiers' uniforms and bulletproof vests.

Automotive: Smart materials find applications in automotive manufacturing for components like smart windows, adaptive suspension systems, and self-repairing materials. These materials help improve safety, comfort, and energy efficiency in vehicles.

Construction: Smart materials are utilized in construction for applications such as self-healing concrete, adaptive facades, and smart windows that can regulate light and heat transmission based on external conditions. They enhance sustainability and energy efficiency in buildings.

Healthcare and Biomedical: Smart materials play a vital role in the medical field, including applications such as drug delivery systems, tissue engineering, smart implants, and wearable devices. They enable targeted drug release, improve biocompatibility, and provide real-time monitoring of patients' health.

Consumer Electronics: Smart materials are incorporated into consumer electronic devices to enhance user experience and functionality. Examples include flexible displays, touch-sensitive screens, and shape-changing interfaces.

Energy and Environment: Smart materials contribute to energy generation, storage, and conservation. They are used in solar panels, smart windows that adjust to optimize natural lighting, and energy-efficient sensors and actuators.

The smart materials market is driven by increasing demand for advanced materials with unique properties, technological advancements in material science, and the need for sustainable and energy-efficient solutions across industries. The market is characterized by ongoing research and development efforts to discover new smart materials and expand their applications.

Key players in the smart materials market include companies like:

DOWDuPont

3M Company

BASF SE

Saint-Gobain

Huntsman International LLC

General Electric

Panasonic Corporation

Corning Incorporated

Smart Material Corporation

TDK Corporation

In terms of geographical distribution, the smart materials market is global, with significant growth opportunities in regions like North America, Europe, and Asia-Pacific. These regions have a strong presence of major market players, advanced technological infrastructure, and a high demand for smart materials across various industries.

It's worth noting that market dynamics and specific details regarding the smart materials market may change over time as new developments, innovations, and applications emerge. Therefore, it is advisable to refer to the latest industry reports and market analyses for the most up-to-date information.

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4D Printing in Healthcare Market: Innovative Use of 4D Printing Technology to Trigger Market Growth 2027

Overview

The 4D printing in healthcare market is making rapid strides during COVID 19 crises. 4D printing technology is proving to be very helpful in fighting the effects of COVID 19, providing medical services delivery, drone-based delivery, virus-immune robots that do manual labor, 4D printing of ventilators, and so on. In contrast to conventional 3D printing, the 4D printing method allows the control in the architecture of the polymers and tunes the mechanical properties of the materials prepared by the process using visible light.

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The new 4D printing technique has many novel applications, including delivering cancer drugs more efficiently and tissue engineering. Thanks to the pioneering work of research & developments that have improved the technology exponentially. The burgeoning sectors, such as medical implant and dentistry, are benefitting with the technology the most. Resultantly, the growth in these sectors defines the growth landscape of the 4D printing in healthcare market.

Moreover, researches, investments, and early adoptions are the major factors improving the performance of this disruptive technology stepwise as it grows. According to Market Research Future (MRFR), the global 4D printing in healthcare market is projected to create a valuation of USD 30.4 MN by 2025, registering around 29.4% CAGR during the forecast period (2019-2025). Rising implementation of 4D printing technology to print tissues & organs and in the drug discovery is fostering the growth of the market.

Additionally, rising investments by chemical companies in the development of smart materials in 4D printing are, in turn, enhancing the growth of the market directly. Moreover, factors such as the increasing application of 4D printing in healthcare verticals such as dentistry, implants, and prosthetics push the growth of the market. On the other hand, stringent regulatory policies for the approval of 4D printing medical devices and limited skilled professionals are the major factors estimated to impede the growth of the market.

4D Printing in Healthcare Market -   Segments

The report is segmented into four market dynamics;

By Component      : Software & Services, Equipment (3D Bioprinters, 3D Printers), Smart Material (Shape Memory Alloys (SMA), Shape Memory Materials (SMM), Shape Memory Polymers (SMP), Shape Memory Ceramics (SMC), Shape Memory Hybrids (SMH), Shape Memory Gels (SMG), Hydrogels, Living Cells), Technology Direct Inkjet Cure, Fused Deposition Modeling, Stereolithography, Laser-Assisted Bioprinting, Selective Laser Melting), and others.

By Application       : Dental Supplies, Prosthetics (Finger Splints, Prosthetics Implants, Hip Disarticulation, Lower Limb/Extremity Componentry, others), Tissue Engineering (Bone & Cartilage Scaffolds, Ligament & Tendon Scaffolds), Orthopedic Implants, Medical Components, Drug Screening, Hearing Aids, and others.

By End User           : Hospitals & Surgical Centers, Dental Clinics & Laboratories (Offices), Pharmaceutical & Biotechnology Companies, and others.

By Regions             : Asia Pacific, North America, Europe, and the Rest-of-the-World.

4D Printing in Healthcare Market -   Geographical Analysis

North America dominates the global 4D printing in healthcare market. The largest market share attributes to the presence of a large number of medical device companies and players engaged in the manufacturing of 4D printing devices & software. Also, increasing research & development led by substantial investments made by public and private organizations foster the regional market growth. The North American 4D printing in healthcare market is likely to continue to command the global market throughout the assessment period.

Europe stands second in the global 4D printing in healthcare market. The market is majorly led by the huge demand for the technology in the dental and medical implant sector. Moreover, the increasing uses of 3D & 4D printing technologies in the field of healthcare drive the growth of the regional market. Implementation of 4D printing technologies in the manufacturing of medical products using custom made materials has risen dramatically in the region, which, in turn, provides impetus to the regional market growth. The European 4D printing in healthcare market is expected to grow at a phenomenal CAGR during the forecast period.

The Asia Pacific 4D printing in healthcare market is emerging as a promising market globally. Factors such as the growing investments by government bodies and private & public companies in healthcare products drive the regional market growth.  Besides, the growing markets in India and China, backed by improved healthcare services, provide an impetus to the growth of the regional market. The APAC 4D printing in healthcare market is projected to register the highest CAGR during the forecast period.

Global 4D Printing in Healthcare Market -   Competitive landscape

Highly competitive, the 4D printing in healthcare market appears fragmented due to the presence of several well-established technology providers. To gain a larger competitive share in the market, industry players incorporate strategic initiatives such as acquisitions & mergers, expansion, collaboration, and product & technology launch. They make substantial investments to increase their global footprints and to drive R&D activities. On the backdrop of COVID 19 crises, technology providers have increased their efforts and are collaborating with players of other industries to create various products to help healthcare organizations, first responders, and communities that have dire needs but don't have access to adequate supplies.

Major Players:

Players leading the 4D printing in healthcare market include Stratasys Ltd (US), 3D Systems, Inc (US), EnvisionTEC (Germany), Poietis (France), Organovo Holdings Inc. (US), Materialise NV (Belgium), and Dassault Systèmes (France), among others.

Industry/ Innovation /Related News:

April 13, 2020 ---- Adidas AG (Germany), a multinational corporation, announced that it has created 3D printed face shields co-created for its 4D midsoles, to support US healthcare organizations during the COVID 19 situations. Adidas has collaborated with a US-based technology company, Carbon3D Inc., to redirect its efforts to aid the global health crisis. The new 3D printed face shields are made of highly elastic, tear-resistant material called Elastomeric Polyurethane. This material is normally used in Adidas 4D midsoles, which creates personal protective equipment (PPE) products that can be sanitized and reused, which further eliminates the waste generation process during a time of scarcity. The collaboration with Carbon is a step Adidas has taken to support COVID-19 relief efforts.

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Impact of Covid-19 on Shape Memory Alloys Market Expected to Witness the Highest Growth 2027 with Top Key Players Nitinol Devices & Components, SAES Getters, G.RAU GmbH & Co. KG, ATI Wah-chang, etc

The research report titled Global "Shape Memory Alloys Market" is an all-inclusive document containing crucial data pertaining to sales and revenue of the Shape Memory Alloys industry. The evaluations are done on the basis of the analysis of leading market segments such as types, applications, regions, technological advancements, and dominant players of the global Shape Memory Alloys industry. The report provides historical data (2017-2018) of the industry and provides valuable forecast information for the period of 2020-2027. The report is formulated with the analysis of current and emerging trends based on the impact of the COVID-19 pandemic. The pandemic has changed the dynamics of the market and has drastically shaken up the economic scenario of the world. The report covers an impact analysis of the COVID-19 pandemic and offers a futuristic outlook of a post COVID scenario. It also covers trends, demands, and growth rates impacted by the ongoing crisis.

The forecast estimation states the global Shape Memory Alloys market is expected to dominate the economic sphere of the world with significant growth in the coming years. The growth is boosted by a change in demand patterns, rapidly developing infrastructure, technological advancements, and product advancements. The current and emerging trends are expected to shape up the industry and help in gaining a strong foothold in the global market to contribute to the revenue generation.

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The Global Shape Memory Alloys market is further analyzed on the basis of key companies operating in the business sphere and major geographical regions where the market has a substantial size and growth rate.

Prominent Players:

Nitinol Devices & Components

SAES Getters

G.RAU GmbH & Co. KG

ATI Wah-chang

Johnson Matthey

Fort Wayne Metals

Furukawa Electric

Zonal Partition of the Market:

North America

Latin America

Europe

Asia-Pacific

The Middle East & Africa.

The report covers extensive analysis of market segments that are anticipated to lead by the end of the forecast period (2020-2027). The report puts a special emphasis on the upstream raw materials, downstream buyers, industrial chain analysis, technological and product advancements, and production and manufacturing capacities of the Shape Memory Alloys market. Moreover, the report provides an in-depth analysis of the core segments of the market by analysis of the applications, types, consumption patterns, market drivers and restraints, and challenges to be faced in the market.

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Shape Memory Alloys Market by Types:

Nickel-Titanium (Ni-Ti)

Copper

Based

Fe-Manganese-Silicon

Other

Type

Shape Memory Alloys Market by Applications:

Medical applications

Aircraft Applications

Automotive

Home Appliance

The research study focuses on the emerging development patterns and manufacturing processes anticipated to boost the growth of the market. It also includes extensive profiles of prominent contenders of the industry and provides a complete analysis inclusive of their market share, market size, production capacity, sales and distribution network, import/export activity, and product portfolios.

Major objectives of the Global Shape Memory Alloys Report:

Analysis and forecast estimation of the Global Shape Memory Alloys Market based on the market segmentation into types, applications, and regions

Analysis of micro and macroeconomic factors affecting the global Shape Memory Alloys market

Valuable insight into the major drivers, limitations, opportunities, and challenges faced by the global Shape Memory Alloys market and its players

In-depth analysis of the prominent contenders along with their business strategies and expansion plans

Strategic recommendations to the established companies as well as new entrants to assist in the formulation of investment plans

Comprehensive analysis of the competitive landscape of the Shape Memory Alloys industry

For Further Details about Shape Memory Alloys Market Visit: @https://www.reportsanddata.com/report-detail/global-north-america-europe-and-asia-pacific-south-america-middle-east-and-africa-shape-memory-alloys-market-2017-forecast-to-2022

To summarize, the report provides a better understanding to the reader about the Shape Memory Alloys industry by offering a detailed explanation of the competitive landscape, industry environment, market projections, growth driving and restraining factors, limitations, entry barriers, and opportunities. The report also covers the regulatory framework, investment opportunities, and other growth driving factors. The report allows the reader to gather insightful information about each segment of the market and provides a historical, present, and prospective outlook of the market.

Shape Memory Alloys Market: Table of Contents

Table of Contents 1 Market Overview 1.1 Shape Memory Alloys Introduction 1.2 Market Analysis by Type 1.3 Market Analysis by Applications 2 Manufacturers Profiles 3 Global Shape Memory Alloys Market Competition, by Manufacturer 3.1 Global Shape Memory Alloys Sales and Market Share by Manufacturer (2016-2017) 3.2 Global Shape Memory Alloys Revenue and Market Share by Manufacturer (2016-2017) 3.3 Global Shape Memory Alloys Price by Manufacturer (2016-2017) 4 Global Shape Memory Alloys Market Analysis by Regions 4.1 Global Shape Memory Alloys Sales, Revenue and Market Share by Regions 4.1.1 Global Shape Memory Alloys Sales by Regions (2012-2017) 4.1.2 Global Shape Memory Alloys Revenue by Regions (2012-2017) 4.2 North America Shape Memory Alloys Sales and Growth (2012-2017) 4.3 Europe Shape Memory Alloys Sales and Growth (2012-2017) 4.4 Asia-Pacific Shape Memory Alloys Sales and Growth (2012-2017) 4.5 South America Shape Memory Alloys Sales and Growth (2012-2017) 4.6 Middle East and Africa Shape Memory Alloys Sales and Growth (2012-2017)

5 North America Shape Memory Alloys by Countries, Type, Application and Manufacturers 5.1 North America Shape Memory Alloys Sales, Revenue and Market Share by Countries 5.1.1 North America Shape Memory Alloys Sales by Countries (2012-2017) 5.1.2 North America Shape Memory Alloys Revenue by Countries (2012-2017) 5.1.3 USA Shape Memory Alloys Sales and Growth (2012-2017) 5.1.4 Canada Shape Memory Alloys Sales and Growth (2012-2017) 5.1.5 Mexico Shape Memory Alloys Sales and Growth (2012-2017) 5.2 North America Shape Memory Alloys Sales and Revenue (value) by Manufacturers (2016-2017) 5.2.1 North America Shape Memory Alloys Sales by Manufacturers (2016-2017) 5.2.2 North America Shape Memory Alloys Revenue by Manufacturers (2016-2017) 5.3 North America Shape Memory Alloys Sales by Type (2012-2017) 5.4 North America Shape Memory Alloys Sales by Application (2012-2017) 6 Europe Shape Memory Alloys by Countries, Type, Application and Manufacturers 6.1 Europe Shape Memory Alloys Sales, Revenue and Market Share by Countries 6.1.1 Europe Shape Memory Alloys Sales by Countries (2012-2017) 6.1.2 Europe Shape Memory Alloys Revenue by Countries (2012-2017) 6.1.3 Germany Shape Memory Alloys Sales and Growth (2012-2017) 7 Asia-Pacific Shape Memory Alloys by Countries, Type, Application and Manufacturers 7.1 Asia-Pacific Shape Memory Alloys Sales, Revenue and Market Share by Countries 7.1.1 Asia-Pacific Shape Memory Alloys Sales by Countries (2012-2017) 7.1.2 Asia-Pacific Shape Memory Alloys Revenue by Countries (2012-2017) 7.1.3 China Shape Memory Alloys Sales and Growth (2012-2017) 7.1.4 Japan Shape Memory Alloys Sales and Growth (2012-2017) 8 South America Shape Memory Alloys by Countries, Type, Application and Manufacturers 8.1 South America Shape Memory Alloys Sales, Revenue and Market Share by Countries 8.1.1 South America Shape Memory Alloys Sales by Countries (2012-2017) 8.1.2 South America Shape Memory Alloys Revenue by Countries (2012-2017) 8.1.3 Brazil Shape Memory Alloys Sales and Growth (2012-2017) 8.1.4 Argentina Shape Memory Alloys Sales and Growth (2012-2017) 9 Middle East and Africa Shape Memory Alloys by Countries, Type, Application and Manufacturers 9.1 Middle East and Africa Shape Memory Alloys Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Shape Memory Alloys Sales by Countries (2012-2017) 9.1.2 Middle East and Africa Shape Memory Alloys Revenue by Countries (2012-2017) 9.1.3 Saudi Arabia Shape Memory Alloys Sales and Growth (2012-2017) 9.1.4 UAE Shape Memory Alloys Sales and Growth (2012-2017) To get a detailed Table of Content, Visit Here: -

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Global Shape Memory Alloys Market 2019 | Manufacturers In-Depth Analysis Report to 2024

The latest trending report Global Shape Memory Alloys Market 2019-2024 added by DecisionDatabases.com

A shape memory alloy (SMA) is an alloy that "remembers" its original shape and that when deformed returns to its pre-deformed shape when heated. This material is a lightweight, solid-state alternative to conventional actuators such as hydraulic, pneumatic, and motor-based systems. Shape-memory alloys have applications in industries including Automotive, aerospace, and biomedical and robotics. Nickel-titanium alloys have been found to be the most useful of all SMAs. Other shape memory alloys include copper-aluminum-nickel, copper-zinc-aluminum, and iron-manganese-silicon alloys. The generic name for the family of nickel-titanium alloys is Nitinol.

The worldwide market for Shape Memory Alloys is expected to grow at a CAGR of roughly 8.8% over the next five years, will reach 910 million US$ in 2024, from 550 million US$ in 2019. This report focuses on the Shape Memory Alloys in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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 Market Segment by Manufacturers, this report covers

    Nitinol Devices & Components

    SAES Getters

    G.RAU GmbH & Co. KG

    ATI Wah-chang

    Johnson Matthey

    Fort Wayne Metals

    Furukawa Electric

    Nippon Steel & Sumitomo Metal

    Nippon Seisen

    Metalwerks PMD

    Ultimate NiTi Technologies

    Dynalloy

    Grikin

    PEIER Tech

    Saite Metal

    Smart

    Baoji Seabird Metal

    GEE

Market Segment by Regions, regional analysis covers

    North America (United States, Canada and Mexico)

    Europe (Germany, France, UK, Russia and Italy)

    Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

    South America (Brazil, Argentina, Colombia etc.)

    Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

    Nickel-Titanium (Ni-Ti) Shape Memory Alloys

    Copper Based Shape Memory Alloys

    Fe Based Shape Memory Alloys

Market Segment by Applications, can be divided into

    Medical Applications

    Aircraft Applications

    Automotive

    Home Appliance

    Other

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 The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Shape Memory Alloys product scope, market overview, market opportunities, market driving force and market risks. Chapter 2, to profile the top manufacturers of Shape Memory Alloys, with price, sales, revenue and global market share of Shape Memory Alloys in 2017 and 2018. Chapter 3, the Shape Memory Alloys competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Shape Memory Alloys breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019. Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019. Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019. Chapter 12, Shape Memory Alloys market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024. Chapter 13, 14 and 15, to describe Shape Memory Alloys sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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 Other Reports by DecisionDatabases.com:

Global Aluminum Alloys Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Global Rhodium Alloys Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Global Nickel Brazing Alloys Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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[joeypetter]

Dental Materials Market Revenue Growth to Stoke Up in Next Couple of Years, Key players Profile Outlook and Forecast Till 2030| By R&I

The report is titled as ‘Dental Materials Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the dental materials market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Dental materials market is expected to grow with significant rate in the near future.

The global dental materials market in 2020 is estimated for more than US$ 6,233.3 Mn and expected to reach a value of US$ 10,884.4 Mn by 2028 with a significant CAGR of 7.2%.

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Dental Materials Introduction

Technologies are rapidly changing the healthcare industry by improving outcomes for patients and doctors alike. Similarly, dentistry is another branch of medicine that focuses on the study, diagnosis, prevention and medical care of the oral health of the patient. This particular branch has also been through a huge advancements in past few years just like the entire healthcare industry. The field of dentistry consists of dental materials which are especially fabricated materials in different types of varieties, and their attributes differ according to their intended purpose.

Some of the dental materials include dental restorations, temporary dressings, impression materials, endodontic materials, dental implants, prosthetic materials, and many others. In addition to that, the dental material is now manufactured from different kinds of sources, ranging from metal alloys to shape-memory polymers (SMPs). The major benefit of using polymer in dental material is it provides high durability and biocompatibility in implants as well as in restoration processes, among others.

Furthermore, the shape-memory polymers (SMPs) have been used to prevent the biofilm formation during the caries or root canal treatment as well as in implants. Owing to the availability of such advanced dental materials in the global market, the global dental material market is projected to grow swiftly in the coming years.

Dental Materials Market Dynamics

The poor eating habits of the population in the present day world ultimately deteriorating the oral health of the masses across the world is one of the major factors that is estimated to drive the growth of the global dental materials market in the near future. Moreover, there is an increasing need for painless and efficient dental procedures among the masses, which further positively propels the growth of the global dental materials market.

The continual advancements in delivery systems is one of the major trends in the global dental material market, which mainly focuses on cutting off extra material waste, thus further propelling the growth of the global dental materials market. Regardless of all the driving factors of the global dental materials market, the dental materials have to go through various stringent regulatory and clinical processes in order to ensure efficacy and quality which limits the growth of the global dental materials market.

MMC Overview

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Dental Materials market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market. Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

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The global Dental Materials Market Segmentation

dental materials market is segmented on the basis of product type, end user, and region.

By Product Type

Indirect Restorative Materials

Direct Restorative Materials

Dental Biomaterials

Others

By End User

Dental Laboratories

Dental Clinics

Dental Hospitals

Academic Institutes

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Dental Materials Market Key Players

Some of the key participating players in global dental materials market are

3M

BISCO

Danaher

Danville Materials

Dentatus

Dentsply Sirona, GC

Institut Straumann

Ivoclar Vivadent

Keystone Industries

Mitsui Chemicals

Ultradent Products

VOCO

Zimmer Biomet

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Reports and Insights is one of the leading market research companies which offers syndicate and consulting research around the globe. At Reports and Insights, we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.

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[pranalipawarshinde]

Nitinol Medical Devices Market Developments Status and Forecast 2027

Transparency Market Research (TMR) has published a new report titled, ‘Nitinol Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global Nitinol medical devices market was valued at US$ 14,571.7 Mn in 2018 and is projected to expand at a CAGR of 8.5% from 2019 to 2027.

Overview

·         Nitinol is an unique class of shape-memory alloy that is made of nickel titanium. Nitinol properties include the shape-memory effect, super elasticity, and high damping capability. These technical properties of nitinol shape-memory alloy can be modified to a large extent by changes in composition, heat treatment, and mechanical working.

·         Some of the major properties of nitinol include high fatigue strength, nonmagnetic, high power/weight ratio, corrosion resistance, heat resistance, and biocompatible.

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·         Nitinol is used in cardiovascular stents, kink resistant guide wires, minimally invasive surgical tools, and self-locking orthopedic devices. Recent advancements in nitinol includes developing new medical devices such as peripheral vascular stents, biodegradable polymer stents, and others.

·         Based on product, the nitinol medical devices market is segmented into nitinol stents, nitinol guide wires, nitinol filters, nitinol basket, nitinol catheters, others (needles, staples, pins, sheath, and wires, etc.).

·         North America dominated the global nitinol medical devices market in 2018 and the trend is anticipated to continue during the forecast period. Increasing adoption of technological advanced products and increasing prevalence of peripheral artery disease has contributed to dominant share of the region in global market.

·         Asia Pacific is likely to be a highly lucrative market for nitinol medical devices and it is expected to expand at a high CAGR during the forecast period

Increased Clinical Application of Nitinol Based Products in Medical Procedures to Drive Market

·         Usage of nitinol in the medical industry has increased due to demand for minimally invasive procedures utilizing novel instruments and implants. Medical applications range from orthodontic archwires and endoscopic instruments to endovascular stents which use nitinol as a base material for design and structure formation.

·         According to the Pediatric Research, potential applications of shape-memory alloys is magnetostrictive and ferromagnetic shape memory alloys (FSMA) which are used to design pediatric cardiovascular devices. This is due to nitinol which changes shape in response to a change in temperature, and magnetostrictive or ferromagnetic properties.

·         Thus, wide applications of nitinol based products in medical procedures is estimated to drive the growth of the market during the forecast period.

Nitinol Stents to Dominate Market

·         In terms of product, the nitinol medical devices market is segmented into nitinol stents, nitinol guidewires, nitinol filters, nitinol basket, nitinol catheters, others (needles, staples, pins, sheath, and wires, etc.). Further nitinol guidewires is segmented into orthodontic guidewires and endoscopic guidewires.

·         Nitinol stents accounted to larger market share in terms of revenue in 2016 and expected to grow in the forecast period due to increasing prevalence of cardiovascular diseases and peripheral vascular disease (PVD).

·         According to the World Health Organization, cardiovascular diseases is a leading cause of deaths worldwide. More people die of cardiovascular diseases every year than any other cause. Each year, worldwide an estimated 17.9 million people dies due to cardiovascular diseases.

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Vascular segment to be Highly Lucrative Segment

·         By application, the nitinol medical devices market is segmented into orthopedic, vascular, dental, gastroenterology, and others.

·         Vascular segment accounted for larger market share in terms of revenue in 2018, vascular segmented accounted for more than 60% of the market share in 2018 due to increasing demand and adoption of nitinol based stents for vascular surgeries.

Hospitals Segment to offer attractive opportunity

·         Based on the end-user, the market has been segmented into hospitals, clinics, ambulatory surgical centers and others.

·         The hospitals segment dominated the market in 2018 and is anticipated to remain dominant in the forecast period owing to the increasing demand for minimal invasive surgeries and increasing number of surgeries for vascular and orthopedic diseases.

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North America to Dominate Global Market

·         In terms of region, the global nitinol medical devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

·         North America dominated the global nitinol medical devices in 2018 and is estimated to maintain its leading position by the end of 2027 with sight decline in the market share.

·         Increased adoption of technological advanced products in the region, high prevalence of cardiovascular disorders, rapidly aging population, and well established healthcare infrastructure etc. factors have contributed to dominant share of the region in global market.  

·         The market in the Asia Pacific region is projected to expand at exponential growth rate during the forecast period. The highest growth rate in the Asia Pacific region is attributed to increased market penetration of global players in highly populous countries such as China, India, Taiwan, rapidly improving healthcare industry in the region, and comparatively large patient pool with cardiovascular and gastrointestinal disorders.

Competitive Landscape

The global nitinol medical devices market is fragmented in terms of number of players. Key players operating in the global nitinol medical devices market includes, include B. Braun Melsungen AG, C. R. Bard, Inc., Arthrex, Inc., Zimmer Biomet Holdings, Inc., Cook Medical, Medtronic, W. L. Gore & Associates, Inc., Terumo Corporation, Abbott Laboratories, Boston Scientific Corporation and Endosmart GmbH.

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

 Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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Contact

Rohit Bhisey Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog: https://tmrblog.com Email: sales@transparencymarketresearch.com

[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)

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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.

[vynzresearch2reportindustry]

Global Shape Memory Alloys Market Size, Scope, Growing Demand, Opportunities And Forecast to 2027

The Global Shape Memory Alloys Market published by VynZ Research provides a study on product scope, market overview, market prospects, industry growth, and market restraints and challenges. The Global Shape Memory Alloys Market studies global, regional, and country-level market sizes, market segmentation, industry share, competitive dynamics, sales forecasts, implications of international and domestic market players, value chain optimization, trade regulations, latest developments, opportunities analysis, business strategy growth analysis, product launches, geographical expansion, and technological breakthroughs.

The Global Shape Memory Alloys Market is expected to register significant growth by 2027

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