Smart Materials Market 2018 Industry Key Players, Facts, Figures Share, Trend, Applications, Analytical Insights Segmentation and Forecast to 2023

Market Highlights:

The global smart materials market is projected to witness a rapid growth during the forecast period.  The study indicates that chemical composition present in the smart materials are responsible for the characteristics of the smart materials it displays. Its response varies depending on the chemical composition of the smart materials used. It is observed that smart materials are dynamic in nature and react to external environments by adapting their properties.

The global smart materials market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest share as compared to other regions, the Smart Materials market in Europe market is expected to witness a significant growth and hold the second largest market share during the forecast period. Countries such as France, Italy, and Germany are anticipated to drive the growth of the smart materials market owing to the presence of established automotive industry. The rapidly growing demand for structural materials and mimetic materials has been the main growth driver of the smart materials market in this region. The adoption of new methods in the domains of monitoring of structural health, environmental control, and vibration control is also responsible for the development of the smart materials market in this region.

Get Sample Report @

https://www.marketresearchfuture.com/sample_request/5333

In the global smart materials market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of low labor costs coupled with the reduced costs associated with raw materials.

The global smart materials market is projected to reach USD 73 billion at a CAGR of over 14% by the end of the forecast period 2017-2023.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Smart Materials Market Research Report-Forecast to 2023”.

Smart Materials Market Segmentation

The global smart materials market is segmented by products and application. By product segment, the market consists of piezoelectric materials, shape memory materials, electrostrictive materials, magnetostrictive materials, phase change materials, electrochromic materials, and others. By application, it is segmented into actuators & motors, transducers, sensors, structural materials, and others.

Major Key Players:

Some of the key players in the market: 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 (U.S.) among others.

Segments:

The global smart materials market is segmented by products and application.  By product segment the market consists of piezoelectric materials, shape memory materials, electrostrictive materials, magnetostrictive materials, phase change materials, electrochromic materials and others. By application it is segmented into actuators & motors, transducers, sensors, structural materials, and others.

Regional Analysis:

The global color detection market is studied for Asia Pacific, North America, Europe, and Rest of the World. It is observed that North America market was leading in the global smart materials market in 2016, owing to significant demand for smart actuators & motors in key industries such as automotive, consumer goods, and aerospace. Europe accounted for the second-largest share of the market due to presence well-established automotive industry followed by Asia Pacific market. Asia Pacific market is anticipated to exhibit a remarkable growth over the forecast period, owing to significant research activities supported by the government.

Market Research Analysis

The North American market is witnessing rapid growth due to technological advancements and increasing demand for Smart Materials across different industry verticals in this region. U.S. holds majority of the market share both in terms of revenue as well as adoption of advance solutions.

Intended Audience:

  • Research/Consultancy firms
  • Technology Solution Providers
  • Original Equipment Manufacturers
  • Government bodies
  • Automotive Industry
  • Civil Industry

Access Full Report@

https://www.marketresearchfuture.com/reports/smart-materials-market-5333

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

Continued…

List of Tables

Table 1 Global Smart Materials Market: By Region, 2017-2023

Table 2 North America Smart Materials Market: By Country, 2017-2023

Table 3 Europe Smart Materials Market: By Country, 2017-2023

Continued…

List of Figures

Figure 1 Global Smart Materials Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Five Forces Analysis of Global Smart Materials Market

Continued…

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Pune – 411028 Maharashtra, India

Phone: +91 841 198 5042

Mail:  sales@marketresearchfuture.com

Leave a Reply

Your email address will not be published. Required fields are marked *