The world is currently experiencing a huge challenge which has affected all the industries and markets. Few markets have experienced a high growth in their demand while others have faced a downfall. The extent of growth or drop in the market statistics of different industries by COVID 19 plays an important role in how the future of businesses will shape up in the near future. We at Value Market Research provide you with an impact analysis of COVID 19 on this market with its latest update in the purchased version of the report.
Global Smart Materials Market Report By Product (Piezoelectric materials, Shape memory materials, Electrostrictive materials, Magnetostrictive materials, Phase change materials, Electrochromic materials, Others), By Application (Actuators & Motors, Transducers, Sensors, Structural materials, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11213905
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Smart Materials Market Overview
The key drivers impacting the smart materials market is the growing demand for enhanced smart materials and products from various rapidly expanding industries, such as construction, manufacturing, Consumer goods, and automotive. For instance, According to the Indian Brand Equity fund consumer electronics market is expected Indian appliance and consumer electronics (ACE) market was valued at US$ 10.93 billion in 2019 and is anticipated to record US$ 21.18 billion by 2025.
In addition to this, the growing usage of smart actuators & motors, sensors, and structural materials in the aerospace & defense industry across the globe is anticipated to increase the smart materials market demand under the forecast period. The increasing military and defense expenditure globally is expected to create more demand for smart materials in the coming years. For Instance, According to the Stockholm International Peace Research Institute, the global military expenditure is estimated to have been $1917 billion in 2019, the highest level since 1988. It is estimated to be 3.6 percent higher than in 2018 and 7.2 percent higher than in 2010.
The high adoption of piezo-electric devices in various industrial applications such as medical devices, robotics, information, automotive, information technology is also estimated to be a key determinant adding growth to the market. However, the high cost and lack of awareness regarding smart materials may hamper the global smart materials industry in the long run. Also, the dearth of expertise in designing systems based on smart materials is likely to restrict the market growth. The current industry trends, such as the introduction of several research programs and initiatives to promote industries to invest in and make use of smart materials in the coming decade, are creating new market opportunities for the key players.
The smart materials market is vast, with a large number of local and global players. The key leaders follow various strategies to improve their market position, such as mergers, acquisitions, expansions, and improved quality products at the best prices to enhance their market share across the world. For instance, in April 2017, the European Union-funded Noilac A/S to initiate a research study to develop new piezoceramic materials for high-power industrial applications. The report studies a few key players of the global smart materials market in detail, covering the company profile, product list, and financial information. The dominating key players included in the report are APC International, Ltd., Harris Corporation, CeramTec, Kyocera Corporation, NOLIAC A/S., CTS Corporation, Channel Technologies Group, LLC, Advanced Cerametrics, LORD Corporation, CeramTec GmbH, TDK Corporation, and Wright Medical Group, Inc. always been the initial targets of smart materials companies and many others.
In this market research report, the market is segmented by materials, applications, and region.
By Materials Analysis
By materials, the report is categorized into piezoelectric materials, magnetostrictive materials, electrostrictive materials, phase change materials, shape-memory materials, electrochromic materials, and others. A Piezoelectric dominates the materials segment in 2019 with maximum market share. It is expected to maintain its dominancy over the forecast period because of its wide industrial acceptance. Moreover, the growing demands in applications such as hydrophones, sonar, speakers, buzzers, gas igniters, and sporting equipment driving the piezoelectric material segment.
By Applications Analysis
By applications, the report is categorized into actuators & motors, transducers, sensors, structural materials, and others. Actuators & Motors dominate the applications segment in 2019 with a maximum market share of 59%. It is due to the high need for competent vibration & noise control systems, fuel injection systems, ultrasonic motors, and standard industrial actuators. Moreover, growing demand from the robotic industry as actuators have become an indivisible part of robotics where manipulator joint motors, pedal motors, deployment motors, sampling tool motors, drive/steering motors are used.
By Region Analysis
In the regional outlook of the global smart materials market, North America dominates with 37.4% of shares in 2019. North American region is the significant region globally driving the market share over a forecast period. The significant demand for smart actuators & motors in key industries such as automotive, consumer goods, and aerospace are the primary growth factors contributing at a regional level. The APAC market is anticipated to record considerable growth during the forecast period, significant research activities supported by the region's government.
Market Segmentation covered in the Report:
By Product
The key drivers impacting the smart materials market is the growing demand for enhanced smart materials and products from various rapidly expanding industries, such as construction, manufacturing, Consumer goods, and automotive. For instance, According to the Indian Brand Equity fund consumer electronics market is expected Indian appliance and consumer electronics (ACE) market was valued at US$ 10.93 billion in 2019 and is anticipated to record US$ 21.18 billion by 2025.
The global smart materials market size was valued at USD 50.3 billion in 2019 and is estimated to show a CAGR of 10% during the forecast period of 2020-2026.
In addition to this, the growing usage of smart actuators & motors, sensors, and structural materials in the aerospace & defense industry across the globe is anticipated to increase the smart materials market demand under the forecast period. The increasing military and defense expenditure globally is expected to create more demand for smart materials in the coming years. For Instance, According to the Stockholm International Peace Research Institute, the global military expenditure is estimated to have been $1917 billion in 2019, the highest level since 1988. It is estimated to be 3.6 percent higher than in 2018 and 7.2 percent higher than in 2010.
The high adoption of piezo-electric devices in various industrial applications such as medical devices, robotics, information, automotive, information technology is also estimated to be a key determinant adding growth to the market. However, the high cost and lack of awareness regarding smart materials may hamper the global smart materials industry in the long run. Also, the dearth of expertise in designing systems based on smart materials is likely to restrict the market growth. The current industry trends, such as the introduction of several research programs and initiatives to promote industries to invest in and make use of smart materials in the coming decade, are creating new market opportunities for the key players.
The smart materials market is vast, with a large number of local and global players. The key leaders follow various strategies to improve their market position, such as mergers, acquisitions, expansions, and improved quality products at the best prices to enhance their market share across the world. For instance, in April 2017, the European Union-funded Noilac A/S to initiate a research study to develop new piezoceramic materials for high-power industrial applications. The report studies a few key players of the global smart materials market in detail, covering the company profile, product list, and financial information. The dominating key players included in the report are APC International, Ltd., Harris Corporation, CeramTec, Kyocera Corporation, NOLIAC A/S., CTS Corporation, Channel Technologies Group, LLC, Advanced Cerametrics, LORD Corporation, CeramTec GmbH, TDK Corporation, and Wright Medical Group, Inc. always been the initial targets of smart materials companies and many others.
In this market research report, the market is segmented by materials, applications, and region.
By Materials Analysis
By materials, the report is categorized into piezoelectric materials, magnetostrictive materials, electrostrictive materials, phase change materials, shape-memory materials, electrochromic materials, and others. A Piezoelectric dominates the materials segment in 2019 with maximum market share. It is expected to maintain its dominancy over the forecast period because of its wide industrial acceptance. Moreover, the growing demands in applications such as hydrophones, sonar, speakers, buzzers, gas igniters, and sporting equipment driving the piezoelectric material segment.
By Applications Analysis
By applications, the report is categorized into actuators & motors, transducers, sensors, structural materials, and others. Actuators & Motors dominate the applications segment in 2019 with a maximum market share of 59%. It is due to the high need for competent vibration & noise control systems, fuel injection systems, ultrasonic motors, and standard industrial actuators. Moreover, growing demand from the robotic industry as actuators have become an indivisible part of robotics where manipulator joint motors, pedal motors, deployment motors, sampling tool motors, drive/steering motors are used.
By Region Analysis
In the regional outlook of the global smart materials market, North America dominates with 37.4% of shares in 2019. North American region is the significant region globally driving the market share over a forecast period. The significant demand for smart actuators & motors in key industries such as automotive, consumer goods, and aerospace are the primary growth factors contributing at a regional level. The APAC market is anticipated to record considerable growth during the forecast period, significant research activities supported by the region's government.
Market Segmentation covered in the Report:
By Product
- Piezoelectric Materials
- Shape Memory Materials
- Electrostrictive Materials
- Magnetostrictive Materials
- Phase Change Materials
- Electrochromic Materials
- Others
- Actuators & Motors
- Transducers
- Sensors
- Structural Materials
- Others
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
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TABLE OF CONTENTS
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . SMART MATERIALS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Product
3.7.2 By Application
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL SMART MATERIALS MARKET ANALYSIS BY PRODUCT
6.1 Overview by Product
6.2 Historical and Forecast Data
6.3 Analysis by Product
6.4 Piezoelectric materials Market by Regions
6.6 Shape memory materials Market by Regions
6.5 Electrostrictive materials Market by Regions
6.7 Magnetostrictive materials Market by Regions
6.8 Phase change materials Market by Regions
6.9 Electrochromic materials Market by Regions
7 . GLOBAL SMART MATERIALS MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Actuators & Motors Market by Regions
7.5 Transducers Market by Regions
7.6 Sensors Market by Regions
7.7 Structural materials Market by Regions
7.8 Others Market by Regions
8 . GLOBAL SMART MATERIALS MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE SMART MATERIALS COMPANIES
9.1. Smart Materials Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF SMART MATERIALS INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. APC International, Ltd.
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. Harris Corporation, CeramTec
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Kyocera Corporation
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. NOLIAC A/S.
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. CTS Corporation
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. Channel Technologies Group
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. LLC
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. Advanced Cerametrics
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. LORD Corporation
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
10.12. CeramTec GmbH
10.12.1. Company Overview
10.12.2. Financials
10.12.3. Products
10.12.4. Recent Developments
10.13. TDK Corporation
10.13.1. Company Overview
10.13.2. Financials
10.13.3. Products
10.13.4. Recent Developments
10.14. Wright Medical Group, Inc
10.14.1. Company Overview
10.14.2. Financials
10.14.3. Products
10.14.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Product (USD MN)
- Piezoelectric materials Market by Geography (USD MN)
- Shape memory materials Market by Geography (USD MN)
- Electrostrictive materials Market by Geography (USD MN)
- Magnetostrictive materials Market by Geography (USD MN)
- Phase change materials Market by Geography (USD MN)
- Electrochromic materials Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis Market by Application (USD MN)
- Actuators & Motors Market by Geography (USD MN)
- Transducers Market by Geography (USD MN)
- Sensors Market by Geography (USD MN)
- Structural materials Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Smart Materials Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Smart Materials Report
- Market Research Process
- Market Research Methodology
- Global Smart Materials Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Product
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Product (USD MN)
- Piezoelectric materials Market by Geography (USD MN)
- Shape memory materials Market by Geography (USD MN)
- Electrostrictive materials Market by Geography (USD MN)
- Magnetostrictive materials Market by Geography (USD MN)
- Phase change materials Market by Geography (USD MN)
- Electrochromic materials Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Actuators & Motors Market by Geography (USD MN)
- Transducers Market by Geography (USD MN)
- Sensors Market by Geography (USD MN)
- Structural materials Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments