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Smart Materials Market

Smart Materials Market Size, Share & Trends Analysis Report

Smart Materials Market

Published
Report ID : AIMR 1618
Number of pages : 300
Published Date : Mar 2024
Category : Materials
Delivery Timeline : 48 hrs

Global Smart Materials Market Overview

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.

Key Companies in the smart materials market include

  • 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.)

Developments in the Smart Materials Industry:

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 Segmentation

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

 
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

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