Global Smart Materials Market 2018-2023: Growing Adoption of Piezoelectric Devices Driving Market Growth

Dublin, Feb. 22, 2018 -- The "Smart Materials Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

Smart materials market is projected to witness a compound annual growth rate of 9.94% during the forecast period to reach a total market size of US$97.794 billion by 2023, increasing from US$38.401 billion in 2017.

Smart materials are advanced materials that change properties according to the external stimuli such as temperature, magnetic fields, pH change, and mechanical stress.

Growing adoption of piezoelectric devices across various end-use industries such as consumer electronics and automotive is one of the major drivers of smart materials market. Rising investment in R&D for developing artificial organs will significantly bolster the demand for smart materials in the coming years.

Geographically, North America accounted for the major market share in 2017 due to early adoption of the technology in developed countries such as U.S. and Canada coupled with the high investment in R&D to develop smart materials for various industries.

Market Dynamics

This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Smart Materials. Complete industry analysis has also been covered through Porter's five forces model as a part of this report section.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1. Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Porter's 5 Forces Analysis
4.6. Technology Overview
4.7. Industry Value Chain Analysis
4.8. Industry Regulations
4.9. Scenario Analysis

5. Smart Materials Market Forecast by Type (US$ billion)
5.1. Piezoelectric
5.2. Magnetostrictive
5.3. pH sensitive
5.4. Thermo responsive
5.5. Biomimetic
5.6. Others

6. Smart Materials Market Forecast by Application (US$ billion)
6.1. Dampers
6.2. Heat transfer
6.3. Actuators & motors
6.4. Sensors
6.5. Others

7. Smart Materials Market Forecast by Industry Vertical (US$ billion)
7.1. Automotive
7.2. Aerospace and Defense
7.3. Industrial
7.4. Electrical and Electronics
7.5. Others

8. Smart Materials Market Forecast by Geography (US$ billion)
8.1. Americas
8.1.1. North America
8.1.2. South America
8.2. Europe Middle East and Africa
8.2.1. Europe
8.2.2. MEA
8.3. Asia Pacific

9. Competitive Intelligence
9.1. Investment Analysis
9.2. Recent Deals
9.3. Strategies of Key Players

10. Company Profiles
10.1. KYOCERA Corporation
10.2. CTS Corporation
10.3. Channel Technologies Group, LLC
10.4. APC International, Ltd.
10.5. LORD Corporation
10.6. TDK Corporation
10.7. CeramTech GmbH

For more information about this report visit https://www.researchandmarkets.com/research/ncrqll/global_smart?w=12

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Manager
         [email protected]
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
         Related Topics: Advanced Materials