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Smart Materials Market Size & Growth Report, 2022-2030

The global Smart Materials market size is expected to be worth around US$ 112.5 billion by 2030, according to a new report by Vision Research Reports.

The global Smart Materials market size was valued at US$ 40.7 billion in 2020 and is anticipated to grow at a CAGR of 14.5% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 112.5 billion by 2030
Growth Rate CAGR of 14.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned APC International, Ltd., Harris Corporation, CeramTec, Kyocera Corporation, TDK Corporation, and NOLIAC A/S.

Growth Factors

 They exhibit responsiveness in a controlled manner to changing environments. They have a molecular structure, which allows them to respond to a wide array of external stimuli, such as electric fields, magnetic fields, pressure, temperature, moisture, and chemicals.

Rising demand for sensors and actuators in consumer electronics, aerospace & defense, and consumer goods have propelled the demand. Various U.S.-based organizations such as The National Science Foundation (NSF) and the Defense Advanced Research Projects Agency (DARPA) have encouraged research programs to promote commercial and industrial usage of smart materials. DARPA has funded various research activities to evaluate the application potential of the product in the defense sector.

By Product Analysis

Piezoelectric materials accounted for the largest share of the global industry, among products, accounting for 54% share of the revenues in 2016. Mechanical deformations or stress can induce electric dipoles in these materials, which generates electricity.

Shape memory products are anticipated to be the fastest-growing product segment over the forecast period. Nitinol, copper-based alloys and various shape memory polymers have extensive usage in actuators & motors, sensors, and structural products.

Phase change products are projected to exhibit a promising trend over the forecast period. The growing use of structural products in applications including building resources, electronics cooling, energy storage, shipping, and packaging is predicted to drive the product demand over the forecast period.

By Application Analysis

Actuators & motors held the largest share of the market over the past few years, and a similar trend is expected to continue over the next few years. The segment accounted for around 59% share of the global revenues in 2021, and the share is projected to rise by 2030.

The structural materials application segment is projected to be the fastest-growing segment, growing at a CAGR of 14.9% from 2021 to 2030. Considerable demand from the medical industry is expected to drive the market over the forecast period.

By Regional Analysis

North America dominated the market, accounting for 37.4% of global revenues in 2020. Increasing the application scope of the products in the aerospace & defense industry has strengthened the product demand in the region.

Europe held the second-largest share of global revenues in 2016, due to a sizeable demand in developed countries such as the UK, Germany, the Netherlands, France, and Switzerland.

The Asia Pacific market is expected to experience outstanding growth over the forecast period, owing to the increasing demand from end-use industries in countries such as Japan and China.

Key Players

 APC International, Ltd., Harris Corporation, CeramTec, Kyocera Corporation, TDK Corporation, and NOLIAC A/S.

Market Segmentation

  • 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
  • Regional
    • North America
      • The U.S.
    • Europe
      • Germany
      • UK
    • Asia Pacific
      • China
      • Japan
    • Central & South Africa
      • Brazil
    • Middle East & Africa
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Smart Materials Market, By Product

7.1.  Smart Materials Market, by Product, 2021-2030

7.1.1.    Piezoelectric materials

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Shape memory materials

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Electrostrictive materials

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Magnetostrictive materials

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Phase change materials

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Electrochromic materials

7.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Smart Materials Market, By Application

8.1.  Smart Materials Market, by Application, 2021-2030

8.1.1.    Actuators & Motors

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Transducers

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Sensors

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Structural materials

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Smart Materials Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              APC International, Ltd

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Harris Corporation

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              CeramTec

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Kyocera Corporation

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              TDK Corporation

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              NOLIAC A/S.

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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