+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2015-02-27Number of Pages: 77

Smart Materials (Biomimetic Materials, Piezo-electric Materials, Thermally Responsive Materials and Others) Market for Actuators & Motors, Sensors, Transducers, Structural Materials, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

 
Smart materials are reactive materials that are designed and have more than one physico-chemical property, which changes according to the external environment or external stimuli. This stimuli or environment can be light, temperature, pH, electric or magnetic field, and mechanical stress. Changes in physico-chemical properties include shape, conductivity, luminescence, mechanical displacement, and color. The family of smart materials adapts to the changing environment by altering its properties. This change in properties is reversible; hence, smart materials can be used for several times. Sensing the change, adaption and quick response are the key properties of smart materials. These properties help smart materials replace conventional materials in various end-user industries. 
 
Rising usage of piezo-electric devices in various end-user industries is expected to drive the smart materials market. Piezoelectric devices are used in industries such as information technology and robotics, medical devices, automotive, consumer goods, information, and telecommunication. Beneficial properties of piezoelectric devices, such as energy saving, high torque, high precision, and high responsiveness, are getting popular across various industries. Furthermore, flourishing artificial organ and bionics industry is boosting the smart materials market. Artificial organs are made from biomimetic materials with electronic components and systems, which are implanted or integrated into the human body, and act as a replacement for a non-functional natural organ. However, challenges in transforming research and development activities into commercial products to be used in end-user industries are anticipated to hamper market growth. Increasing number of applications of smart materials is anticipated to provide immense opportunities for market players in the next few years. Few examples of upcoming applications include energy harvesting devices and smart packaging. 
 
Product segments of smart materials include biomimetic materials, piezo-electric materials, thermally responsive materials, and others. In terms of revenue, piezo-electric materials was the largest segment in the global smart materials market in 2013. The segment is estimated to expand at a faster rate during the forecast period. In terms of revenue, biomimetic materials held the second-largest share of the smart materials market in 2013. Thermally responsive materials segment is estimated to expand at a moderate rate during the forecast period. 
 
Based on applications, the global smart materials market can be segmented into actuators & motors, sensors, transducers, structural materials, and others. In terms of revenue, actuators & motors emerged as the largest application segment of the global smart materials market in 2013. The segment accounted for over 54% share in 2013. Actuators & motors segment is likely to remain the largest application in the near future, expanding at the fastest rate among all applications. Growth in end-user industries of actuators & motors is projected to drive the application segment. Transducers segment is expected to be the second-largest segment in the global smart materials market during the forecast period. However, the segment is anticipated to lose significant share by 2020. Structural materials application segment is estimated to expand at a moderate rate during the forecast period, due to rising demand for these materials in developed countries. Sensors and others application segments are likely to expand at low to moderate rate in the next few years. 
 
North America dominated the smart materials market, accounting for over 38% in 2013. The region has been experiencing high demand for smart materials in information technology, electrical & electronics, healthcare, and building & construction industries. Europe followed North America in terms of demand in 2013. Demand for smart materials in North America and Europe is anticipated to increase at a moderate rate in the near future. Asia Pacific is projected to expand at a faster rate in the next few years. Demand for smart materials in Rest of the World (RoW) is estimated to rise at a sluggish rate in the next few years. 
 
Key players in the smart materials market include Advanced Cerametrics, Inc., APC International, Ltd., LORD Corporation, CeramTec GmbH, Channel Technologies Group, LLC, CTS Corporation, KYOCERA Corporation, Noliac A/S, Wright Medical Group, Inc., and TDK Corporation.

 
Chapter 1 Preface
1.1 Research Description
1.2 Market Segmentation
      1.2.1 Global Smart Materials Market Segmentation, by Product, Application and Region
1.3 Research Scope
      1.3.1 Assumptions
1.4 Research Methodology
 
Chapter 2 Executive Summary
2.1 Global Smart Materials Market, 2013 – 2020 (US$ Mn)
2.2 Global Smart Materials Market Snapshot, 2013 and 2020
 
Chapter 3 Smart Materials – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
      3.3.1 Rising Piezoelectric Devices Usage Set to Drive Global Smart Materials Market
              3.3.1.1 Global Piezoelectric Devices Market Revenue, 2013 - 2020 (US$ Bn)
      3.3.2 Burgeoning Artificial Organ and Bionics Industry is Boosting Smart Materials Market
              3.3.2.1 Global Artificial Organ and Bionics Market Revenue, 2013 – 2020 (US$ Bn)
3.4 Restraints
      3.4.1 Challenges in Transforming Research and Development of Smart Materials to End-use Applications Inhibits the Global Market Growth
3.5 Opportunities
      3.5.1 Increasing Number of End-use Applications
              3.5.1.1 Global Energy Harvesting Device Market Revenue, 2013 – 2020 (US$ Mn)
3.6 Porter’s Five Forces analysis
      3.6.1 Bargaining Power of Suppliers
      3.6.2 Bargaining Power of Buyers
      3.6.3 Threat of New Entrants
      3.6.4 Threat from Substitutes
      3.6.5 Degree of Competition
3.7 Smart Materials: Market Attractiveness Analysis, by Application
      3.7.1 Smart Materials: Market Attractiveness Analysis, by Application
 
Chapter 4 Smart Materials Market – Product Segment Analysis
4.1 Global Smart Materials Market: Product Segment Overview
      4.1.1 Global Smart Materials Market Revenue Share, by Product Segment, 2013 and 2020
4.2 Biomimetic Materials
      4.2.1 Global Biomimetic Materials Market Revenue, 2013 – 2020 (US$ Mn)
4.3 Piezo-electric Materials
      4.3.1 Global Piezo-electric Materials Market Revenue, 2013 – 2020 (US$ Mn)
4.4 Thermally Responsive Materials
      4.4.1 Global Thermally Responsive Materials Market Revenue, 2013 – 2020 (US$ Mn)
4.5 Others
      4.5.1 Global Other Smart Materials Market Revenue, 2013 – 2020 (US$ Mn)
 
Chapter 5 Global Smart Materials Market – Application  Analysis
5.1 Global Smart Materials Market: Application Overview
      5.1.1 Global Smart Materials Market Revenue Share, by Application, 2013 – 2020
5.2 Actuators & Motors
      5.2.1 Global Smart Materials Market for Actuators & Motors, 2013 –  2020 (US$ Mn)
5.3 Sensors
      5.3.1 Global Smart Materials Market for Sensors, 2013 – 2020 (US$ Mn)
5.4 Transducers
      5.4.1 Global Smart Materials Market for Transducers, 2013 – 2020 (US$ Mn)
5.5 Structural Materials
      5.5.1 Global Smart Materials Market for Structural Materials, 2013 – 2020 (US$ Mn)
5.6 Others
      5.6.1 Global Smart Materials Market for Other Applications, 2013 – 2020 (US$ Mn)
 
Chapter 6 Global Smart Materials Market – Regional Analysis
6.1 Global Smart Materials Market: Regional overview
      6.1.1 Global Smart Materials Market Share, by Region, 2013 and 2020
6.2 North America
      6.2.1 North America Smart Materials Market Revenue, by Product Segment, 2013 – 2020 (US$ Mn)
      6.2.2 North America Smart Materials Market Revenue, by Application, 2013 – 2020 (US$ Mn)
6.3 Europe
      6.3.1 Europe Smart Materials Market Revenue, by Product Segment, 2013 – 2020 (US$ Mn)
      6.3.2 Europe Smart Materials Market Revenue, by Application, 2013 – 2020 (US$ Mn)
6.4 Asia Pacific
      6.4.1 Asia Pacific Smart Materials Market Revenue, by Product Segment, 2013 – 2020 (US$ Mn)
      6.4.2 Asia Pacific Smart Materials Market Revenue, by Application, 2013 – 2020 (US$ Mn)
6.5 Rest of the World (RoW)
      6.5.1 RoW Smart Materials Market Revenue, by Product Segment, 2013 – 2020 (US$ Mn)
      6.5.2 RoW Smart Materials Market Revenue, by Application, 2013 – 2020 (US$ Mn)
 
Chapter 7 Company Profiles
7.1 Advanced Cerametrics, Inc.
7.2 APC International, Ltd.
7.3 LORD Corporation
7.4 CeramTec GmbH
7.5 Channel Technologies Group, LLC
7.6 CTS Corporation
7.7 Kyocera Corporation
7.8 NOLIAC A/S
7.9 Wright Medical Group, Inc.
7.10 TDK Corporation

List of Figures 
 
FIG. 1 Global Smart Materials Market Segmentation, by Product, Application and Region
FIG. 2 Global Smart Materials Market, 2013 – 2020 (US$ Mn)
FIG. 3 Smart Materials Market: Value Chain Analysis
FIG. 4 Global Piezoelectric Devices Market Revenue, 2013 - 2020 (US$ Bn)
FIG. 5 Global Artificial Organ and Bionics Market Revenue, 2013 – 2020 (US$ Bn)
FIG. 6 Global Energy Harvesting Device Market Revenue, 2013 – 2020 (US$ Mn)
FIG. 7 Porter’s Five Forces analysis
FIG. 8 Smart Materials Market: Market Attractiveness Analysis, by Application
FIG. 9 Global Smart Materials Market Revenue Share, by Product Segment, 2013 and 2020
FIG. 10 Global Biomimetic Materials Market Revenue, 2013 – 2020  (US$ Mn)
FIG. 11 Global Piezo-electric Materials Market Revenue, 2013 – 2020  (US$ Mn)
FIG. 12 Global Thermally Responsive Materials Market Revenue, 2013 – 2020  (US$ Mn)
FIG. 13 Global Other Smart Materials Market Revenue, 2013 – 2020  (US$ Mn)
FIG. 14 Global Smart Materials Market Revenue Share, by Application, 2013 – 2020
FIG. 15 Global Smart Materials Market for Actuators & Motors, 2013 – 2020 (US$ Mn)
FIG. 16 Global Smart Materials Market for Sensors, 2013 – 2020 (US$ Mn)
FIG. 17 Global Smart Materials Market for Transducers, 2013 – 2020 (US$ Mn)
FIG. 18 Global Smart Materials Market for Structural Materials, 2013 – 2020 (US$ Mn)
FIG. 19 Global Smart Materials Market for Other Applications, 2013 – 2020 (US$ Mn)
FIG. 20 Global Smart Materials Market Revenue Share, by Region, 2013 and 2020

List of Tables
 
TABLE 1 Drivers for the Smart Materials Market: Impact Analysis
TABLE 2 Restraints for Smart Materials Market: Impact Analysis
TABLE 3 North America Smart Materials Market Revenue, by Product Segment, 2013 – 2020 (US$ Mn)
TABLE 4 North America Smart Materials Market Revenue, by Application, 2013 – 2020 (US$ Mn)
TABLE 5 Europe Smart Materials Market Revenue, by Product Segment, 2013 – 2020 (US$ Mn)
TABLE 6 Europe Smart Materials Market Revenue, by Application, 2013 – 2020 (US$ Mn)
TABLE 7 Asia Pacific Smart Materials Market Revenue, by Product Segment, 2013 – 2020 (US$ Mn)
TABLE 8 Asia Pacific Smart Materials Market Revenue, by Application, 2013 – 2020 (US$ Mn)
TABLE 9 RoW Smart Materials Market Revenue, by Product Segment, 2013 – 2020 (US$ Mn)
TABLE 10 RoW Smart Materials Market Revenue, by Application, 2013 – 2020 (US$ Mn)

 
Smart materials are defined as a class of reactive materials that changes some of its properties in response to change in the external environment. Several smart materials possess different properties that can be changed. These materials sense the change in the external environment and respond to it by changing their properties in order to adapt to the surroundings. The response of smart materials varies, depending on the chemical structure. For instance, piezo-electric materials produce electricity when mechanical stress is applied, whereas shape memory returns to its original upon change in temperature. 
 
This report estimates and forecasts the smart materials market on a global and regional level. The study provides forecast from 2014 to 2020 based on revenue (US$ Mn). The executive summary of this report provides detailed insights regarding research and information about the market segments in a summarized form. Additionally, it contains market snapshot, which provides a glance into the current and future scenario of the global smart materials market. The study also provides a decisive view of the smart materials market by bifurcating it into product segments such as biomimetic materials, piezo-electric materials, thermally responsive materials, and others (including smart hydrogels and smart fluids). The report also provides segmentation of the global smart materials market, by application, which includes actuators & motors, sensors, transducers, structural materials, and others. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2014 to 2020 in terms of revenue (US$ Mn). The study also encompasses regional segmentation that includes the current and forecast market size of North America, Europe, Asia Pacific, and Rest of the World (RoW). The segmentation includes demand for individual product segments and applications in all the regions.  
 
We have included a detailed value chain analysis in order to provide a comprehensive view of the market. Value chain provides detailed information about any value addition at each stage of the value chain. The study includes drivers and restraints for the smart materials market, along with their impact on demand during the forecast period. Additionally, the report includes the study of opportunities in the smart materials market on the global and regional level. 
 
Porter’s five forces model has been used to evaluate the smart materials market in order to understand the factors affecting the different stages of the value chain. The study includes market attractiveness analysis, which includes benchmarking of applications based on their market size, market size, growth rate, and general attractiveness. Attractiveness has been calculated based on profit margin, raw material and technology, growth, size and other factors such as legal, economical and social factors.
 
We use a combination of primary and secondary research to determine the market estimate and forecast. Secondary research sources that were typically referred to include, but were not limited to company websites, independent studies, technical journals, annual reports, trade magazines, financial reports, and SEC filings. Other information sources such as internal and external proprietary databases, government documents, statistical databases and market reports, company’s news articles, industry specific magazines and webcasts specific to companies operating in the market have also been referred for the report. 
 
Primary research includes in-depth interviews and discussions with a wide range of key industry experts and opinion leaders. Primary research represents bulk of the research efforts, supplemented by an extensive secondary research. Key players’ investor presentations, annual reports, press releases and relevant documents were reviewed for competitive analysis and market understanding. Primary research helps in validating and strengthening the secondary research findings.
 
The report presents a detailed competitive outlook including company profiles of key participants operating in the global market. Key players profiled in the report include Advanced Cerametrics, Inc., APC International, Ltd., LORD Corporation, CeramTec GmbH, Channel Technologies Group, LLC, CTS Corporation, Kyocera Corporation, Noliac A/S, Wright Medical Group, Inc., and TDK Corporation. Company profiles include attributes such as company overview, brand overview, financial overview (financial year), business strategy, and recent/key developments. 
 
This report segments the global smart materials market as follows:
  • Smart Materials Market - Product Segment Analysis
    • Biomimetic materials
    • Piezo-electric materials
    • Thermally responsive materials
    • Others (including smart fluids, smart hydrogels etc.)
  • Smart Materials Market - Application Analysis
    • Actuators & motors
    • Sensors
    • Transducers
    • Structural materials
    • Others (including sports & leisure, energy harvesting devices, mechanical structures etc.)
  • Smart Materials Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)


 
 
Back To Top