Global Smart Materials Market: Snapshot

Smart materials have been gaining immense popularity across diverse industries in the last few years. It is considered as a reactive material that changes its properties as a response to the changes in the external environment. Thanks to this, the market is projected to witness lucrative opportunities in the next few years.

According to the market research study by Transparency Market Research, in 2013, the global market for smart materials was worth US$27.7 bn and is estimated to reach a value of US$63.28 bn by the end of 2020. The market is expected to register a promising 12.50% CAGR between 2014 and 2020.

Rising Number of Applications to Enhance Market Growth

The growing popularity of piezo-electric devices is considered as one of the major factors that is projected to encourage the growth of the global smart materials market in the next few years. The rising number of applications from diverse industries is another key factor that is estimated to boost the demand for smart materials and generate potential growth opportunities for the market players in the coming few years. The easy adoption, sensitivity to change, and the quick response are some of the major benefits of smart materials, which is estimated to accelerate the growth of the global smart materials market in the next few years.

The global smart materials market has been categorized on the basis of product type into piezo-electric materials, biomimetic materials, thermally responsive materials, smart fluids, and smart hydrogels. Among these, the piezo-electric materials segment is projected to hold a major share of the market in the next few years. The growing demand from the automotive, information technology, and robotics is one of the key factors estimated to accelerate the growth of the smart materials market in the near future. On the basis of application, the market has been classified into actuators and motors, transducers, sports and leisure, mechanical structures, structural materials, sensors, and energy harvesting devices. The actuators and motors is expected to lead with a large share of the global smart materials market in the near future.

North America to Maintain Dominance in Global Smart Materials Market

In the last few years, North America accounted for a large share of the global smart materials market and is projected to maintain its dominance in the next few years. The strong growth of this region can be attributed to the rising demand for piezo-electric based actuators and motors. In addition to this, the rising demand for structural materials and mimetic materials is estimated to encourage the development of the smart materials market across North America in the next few years. Furthermore, the adoption of the new methods in the domains of environmental control, vibration control, and monitoring of structural health is another major factor that is predicted to accelerate the market growth in the near future. Europe is expected to remain on the second position, further followed by Asia Pacific. The rapid development of several industries such as information technology, retail, automotive, aerospace and defense, and electronics, especially in developing economies to enhance market growth in Asia Pacific in the next few years.

The global smart materials market is highly competitive in nature with a presence of a large number of players operating across the globe. The growing focus on the research and development activities and technological advancements are projected to enhance the development of the overall market in the near future. In addition to this, the rising mergers and acquisitions are expected to offer potential growth opportunities for the market players in the near future. Some of the key players operating in the smart materials market across the globe are CTS Corporation, Kyocera Corporation, Noliac A/S, APC International, Channel Technologies Group, LLC, Advanced Cerametrics, LORD Corporation, TDK Corporation, CeramTec GmbH, and Wright Medical Group, Inc.

 
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 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)
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

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