Smart Materials Market Size was valued at USD 39.2 billion in 2022. The smart materials industry is projected to grow from USD 44.6 Billion in 2023 to USD 127.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.10% during the forecast period (2023 - 2032). Growing investments in medical tools in the healthcare sector and bionics, as well as a thriving artificial organ industry, are the key market drivers enhancing the market growth.
APC International (U.S.)
Harris Corporation (U.S.)
CeramTec (Germany)
Kyocera Corporation (Japan)
TDK Corporation (Japan)
Noliac A/S (Denmark)
Wright Medical Group Inc. (U S.)
Channel Technologies Group (U S.)
LORD Corporation (US.)
In February 2021, CTS Corporation and Entekno Materials, based in Turkey, revealed their successful acquisition of Eurostars funding. Their joint endeavor aims to pioneer an eco-friendly alternative to lead-based piezoelectric ceramic materials, prioritizing environmental sustainability.
In April 2021, Evonik unveiled a groundbreaking addition to the 3D printing landscape with their latest photopolymer product line. This innovative range boasts color phase transition capabilities, offering ready-to-use formulations that leverage Evonik's expertise in 3D printing and smart materials for enhanced performance.
February 2020 saw Hexagon's announcement of Intergraph Smart® Materials 10, marking a pivotal moment in the company's product evolution. This significant update represents the most substantial advancement in Hexagon's renowned materials and contract management system, signaling a milestone in the realm of Smart Materials.
Smart Materials Market Product Outlook
Piezoelectric Materials
Shape Memory Materials
Electrostrictive Materials
Magnetostrictive Materials
Smart Materials Market Application Outlook
Actuators & Motors
Transducers
Sensors
Structural Materials
Smart Materials Regional Outlook
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
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