Focus On Smart Materials Market and Industry Development Research Report 2014 to 2021
Research Report on Global Smart Materials Market 2014 to 2021 added by DecisionDatabases.com studies the current and upcoming Market Size, Share, Demand, Growth Trend and Forecast.
Smart materials are a type of reactive materials that changes its properties with respect to external environment. These materials sense the change in the external environment and respond to it by changing the properties in order to adapt to its surroundings. The response of smart materials depends on the chemical structure of the material. Smart materials exhibit one or more properties that can be changed by the application of external stimuli such as temperature, moisture, stress, electric, and magnetic fields.
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The smart materials are segmented by product as Biomimetic Materials, Piezo-Electric Materials, Thermally Responsive Materials and Others (Including Smart Fluids, Smart Hydrogels Etc.). The Piezo-electric segment is leading the global smart materials market and is expected to grow during the forecast period. Piezoelectric materials have advantageous properties such as high precision, high responsiveness, and high energy-saving capabilities. The smart materials are classified according to application as Actuators & Motors, Sensors, Transducers, Structural Materials and Others (Including Sports & Leisure, Energy Harvesting Devices, Mechanical Structures, Etc.). The actuators and motors sector dominated the global smart materials market and expected to grow during the forecast period.
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The key driver for global smart materials market is increasing demand of piezoelectric devices in end user segments. The use of piezoelectric materials in various industries such as robotics, automotive, medical devices, telecommunication, and consumer goods will help to boost the market for smart materials. The expanding artificial organ and bionics industry will also help to fuel the smart materials market. The key constraint of this market is lack of research and development.
Best Region Of Market :
North America is the largest market for smart materials. Asia Pacific is expected to grow during the forecast period due to the rising demand for smart materials from its end-use industries. The key companies operating in this market are TDK Corporation, Wright Medical Group, NOLIAC A/S, Kyocera Corporation, CTS Corporation, Channel Technologies, CeramTec, LORD Corporation, APC International, and Advanced Cerametrics.
SEGMENTATIONS IN REPORT :
A. Smart Materials By Product :
1. Biomimetic Materials
2. Piezo-Electric Materials
3. Thermally Responsive Materials
B. Smart Materials By Application :
1. Actuators & Motors
4. Structural Materials
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