Smart Materials Market Share Growing Rapidly with Development, Recent Trends, Revenue and Forecast to 2018-2026

                                                                           
Smart materials can change one or more properties when given regulated external stimuli such as stress, temperature, moisture, pH, electric and magnetic fields.

            Smart Materials Market


Smart materials can change one or more properties when given regulated external stimuli such as stress, temperature, moisture, pH, electric and magnetic fields. Piezoelectric, magneto-rheostatic, electro-rheostatic, and different shape memory alloys are the most prevalent smart materials. Properties such as viscosity, volume, and conductivity can be modified in end applications to fit individual needs.

Due to the rising electronics market and better living standards in emerging economies such as China and India, the Asia Pacific market for smart materials is predicted to grow at the quickest rate. Medical device innovation has been aided by the use of smart materials in the healthcare sector. Manufacturing costs for large numbers in many applications at effective yields are the main constraint for smart materials. The Smart Materials Market's growth is hampered by high manufacturing costs and significant research & development investment. The market has a lot of potential, thus a lot of manufacturers are working on coming up with new goods to increase their market share. The new possibilities for smart material goods could be used in the engineering sector for manufacturing control devices and self-detection systems.


Market Segmentation:

By product type
  • Piezoelectric materials
  • Electro-rheostatic
  • Magneto-rheostatic
  • Shape memory materials
  • Smart fluids
  • Smart hydrogels
  • Electrochromic materials
  • Others

By Application
  • Actuators & motors
  • Sensors
  • Transducers
  • Structural materials
  • Others

By End-user
  • Industrial
  • Defense
  • Aerospace
  • Automotive
  • Consumer electronic
  • Healthcare

The major players involved in the market include TDK Corporation (Japan), CTS Corporation (U.S.), Optotune AG (Switzerland), AMM Technologies (Italy), Lord Corporation (U.S.), Fort Wayne Metals (U.S.), AI Technology Inc. (U.S.), AVX Corporation (U.S.), Advanced Cerametrics,Inc., (U.S.), Wright Medical Group (U.S.).

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