Smart Materials Market Key Players, Competitive Landscape, and Business Opportunities, 2023
The key drivers of smart materials market can be listed as promising use of smart materials in biotechnology and biomedical domains, increasing use of smart materials in smart fabrics due to their imparting properties, and growing popularity of this fabric.
(firmenpresse) - Global smart materials market is estimated to witness considerable growth in the coming years due to increased applications of smart materials. Smart materials (responsive materials) are highly responsive to external stimulations which later undergo material property change. The specially designed materials possess properties that can be altered by external stimuli like temperature, stress, moisture, light, pH, electric or magnetic fields, or chemical compounds.
The key drivers of smart materials market can be listed as promising use of smart materials in biotechnology and biomedical domains, increasing use of smart materials in smart fabrics due to their imparting properties, and growing popularity of this fabric. Moreover, significant use of smart materials in robotics and automotive industries for motors and actuators is also fuelling the market. Conversely, low awareness of product speciality among end users is hampering the smart material market.
Speedy developments in polymer science and increase in research and developments for the potential use of smart materials are few trends observed in the market. Increase in applications of active coating is an opportunity to the market.
Smart material market is categorized on the basis of product type, applications, end use industries, and geography. Based on product type, market is divided into piezo-electric, smart hydrogels, biomimetic, thermally responsive, and smart fluids. Piezo-electric material segment is expected to lead the market in the coming years due to increased applications in smart material technology in different industries, such automotive, aerospace, robotics, and information technology, among others.
By application, market is divided into structural materials, actuators & motors, transducers, mechanical structures, sensors, sports and leisure, and energy harvesting devices. Actuators and motors segment is expected to lead the market owing to increased use of smart materials and preference by manufacturers. Smart materials like magnetostrictive materials, shape memory alloys, electrorheological/ magnetorheological fluids, and piezoelectric ceramics are essentially used in actuators. Additionally, transducers and sensors are also expected to lead the market in the near future.
In terms of end use industries, smart materials market is split into consumer electronics, defence & aerospace, automotive, retail, robotics, industrial, healthcare, and civil engineering. Automotive segment is expected to hold maximum share of the market due to increasing developments in the industry. Furthermore, robotics and consumer electronics segment also leads the market due to high demand from various industries and high demand from consumers, respectively.
Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the market due to high demand by numerous industries in the region. Europe is also projected to lead the market owing to sizeable demand from the developed regions, such as the Netherlands, Germany, Switzerland, and France. Asia Pacific accounts for a significant share of the market due to growing demand from end use industries of emerging nations.
The leading players in smart materials market comprise Qingdao Jiapu, TDK Corporation, Etrema, Vertellus, APC International Ltd., GSP Chemical, Ioniqa, Smart Material Corporation, Laird Tech, Olikrom, Kyocera Corporation, NOLIAC A/S, Harris Corporation and CeramTec.
Themen in dieser Pressemitteilung:
smart-materials-market
advanced-materials
smart-materials-market-news
global-smart-materials-industry-size
smart-materials-market-share
smart-materials-market-demand
smart-materials-market-analysis
smart-materials-market-research
smart-materials-m
Unternehmensinformation / Kurzprofil:
Million Insights Inc. is a holistic market research database. With more than a million data points in the repository, we are the only organization providing end-to-end market research solutions. Our proprietary market research solution platform is designed to be completely flexible providing you with the power to personalize.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 10.06.2020 - 12:21 Uhr
Sprache: Deutsch
News-ID 614226
Anzahl Zeichen: 3896
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Research & Development
Typ of Press Release: Financial
type of sending: don't
Date of sending: 10.06.2020
Diese Pressemitteilung wurde bisher 246 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Smart Materials Market Key Players, Competitive Landscape, and Business Opportunities, 2023"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
