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PUBLISHER: Grand View Research | PRODUCT CODE: 1678756

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PUBLISHER: Grand View Research | PRODUCT CODE: 1678756

Shape Memory Alloys Market Size, Share & Trends Analysis Report By Product (Nitinol, Copper-based), By End Use (Biomedical, Automotive, Aerospace & Defense), By Region, And Segment Forecasts, 2025 - 2030

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Description

Table of Contents

List of Tables

Shape Memory Alloys Market Growth & Trends:

The global shape memory alloys market size is expected to reach USD 29.28 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 11.3% from 2025 to 2030. Shape memory alloy (SMA) refers to a metallic material that can be bent or stretched in its cool state. The alloy regains its original shape when heated above the transition temperature. Low temperature (martensite) and high temperature (austenite) are two stable phases of SMAs.

Nickel-titanium alloy (nitinol) is the key product type, which is largely used in medical devices. Medical devices made from nitinol include dental wires, needles, catheter tubes, guidewires, and other surgical instruments. The biomedical industry is facing many challenging applications that are testing the capability of SMAs. Recent research and development activities are aimed at improving the fatigue life of the material and producing materials with low inclusion sizes.

Gradual expansion of the automotive industry is likely to play a significant role in the demand for SMAs over the forecast period. SMA actuators are gaining popularity among automobile manufacturers owing to properties such as shape memory effect (SME) and super elasticity (SE). In addition, SMA actuators do not need complex and bulky design to function. Increasing R&D investments by automobile manufacturers to find potential applications such as climate control, door locks, engine control valve, and actuators are anticipated to drive market growth.

Aerospace and defense is another promising sector for SMAs. Rising focus on multi-functionality and reliability is driving demand for advanced materials in aerospace applications such as spacecraft, rotorcraft, and fixed-wing aircraft.

Asia Pacific is projected to remain a key region for the market over the coming years. Various research institutes and organizations are focusing on the development of new industrial applications. The region is undergoing significant infrastructural development in railways, roadways, industrial, commercial, and residential sectors. Furthermore, globalization has made the region a lucrative place for investment to aid the development of the economy while catering to a larger population. Asia Pacific also boasts a large aerospace and defense industry, creating novel opportunities for SMAs to be incorporated.

The market is competitive, with various small and large participants. Mergers and acquisitions, R&D investments, and new product launches are key strategic initiatives adopted by market players. For instance, in March 2024, Montagu Private Equity LLP, a private equity firm, announced its plans to acquire Johnson Matthey Plc's Medical Device Components (MDC) business. MDC develops and manufactures specialized components for minimally invasive medical devices. It also focuses on complex and high-precision parts made from platinum group metals and nitinol.

Shape Memory Alloys Market Report Highlights:

  • The biomedical segment had the largest market share, over 55%, in 2024. This segment's large share is attributed to increasing R&D in medical devices and surgical instruments.
  • The nickel-titanium alloys (nitinol) segment dominated the market by capturing the largest share of 79.6% in 2024. Increasing R&D activities for application-specific products are aiding the growth of this segment.
  • North America shape memory alloys market secured the largest market share of 35.1% in 2024
  • Asia Pacific shape memory alloys market is anticipated to expand at the fastest CAGR of 11.7% from 2025 to 2030. Increasing production activities in the aerospace and automotive industries are likely to contribute to market growth.
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Product Code: GVR-3-68038-963-0

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Insights
  • 2.2. Segmental Outlook
  • 2.3. Competitive Outlook

Chapter 3. Shape Memory Alloys Market Variables, Trends & Scope

  • 3.1. Global Shape Memory Alloys Market Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Technology Overview
  • 3.4. Regulatory Framework
    • 3.4.1. Policies and Incentive Plans
    • 3.4.2. Standards and Compliances
    • 3.4.3. Regulatory Impact Analysis
  • 3.5. Market Dynamics
    • 3.5.1. Market Driver Analysis
    • 3.5.2. Market Restraint Analysis
    • 3.5.3. Industry Challenges
  • 3.6. Porter's Five Forces Analysis
    • 3.6.1. Supplier Power
    • 3.6.2. Buyer Power
    • 3.6.3. Substitution Threat
    • 3.6.4. Threat from New Entrant
    • 3.6.5. Competitive Rivalry
  • 3.7. PESTEL Analysis
    • 3.7.1. Political Landscape
    • 3.7.2. Economic Landscape
    • 3.7.3. Social Landscape
    • 3.7.4. Technological Landscape
    • 3.7.5. Environmental Landscape
    • 3.7.6. Legal Landscape

Chapter 4. Shape Memory Alloys Market: Product Outlook Estimates & Forecasts

  • 4.1. Shape Memory Alloys Market: Product Movement Analysis, 2025 & 2030
    • 4.1.1. Nickel-Titanium (Nitinol) Alloys
      • 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 4.1.2. Copper-Based Alloys
      • 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 4.1.3. Others
      • 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)

Chapter 5. Shape Memory Alloys Market: End Use Estimates & Forecasts

  • 5.1. Shape Memory Alloys Market: End Use Movement Analysis, 2025 & 2030
    • 5.1.1. Biomedical
      • 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.2. Automotive
      • 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.3. Aerospace & Defense
      • 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.4. Consumer Electronics & Household
      • 5.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.5. Others
      • 5.1.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)

Chapter 6. Shape Memory Alloys Market Regional Outlook Estimates & Forecasts

  • 6.1. Regional Snapshot
  • 6.2. Shape Memory Alloys Market: Regional Movement Analysis, 2025 & 2030
  • 6.3. North America
    • 6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.3.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.3.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.3.4. U.S.
      • 6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.4.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
      • 6.3.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.3.5. Canada
      • 6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.3.5.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
      • 6.3.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
  • 6.4. Europe
    • 6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.4.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.4.4. Germany
      • 6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.4.4.2. Market Estimates and Forecast, By Product, 2018 - 2032 (USD Million)
      • 6.4.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.4.5. UK
      • 6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.4.5.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
      • 6.4.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.4.6. France
      • 6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.4.6.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
      • 6.4.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
  • 6.5. Asia Pacific
    • 6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.5.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.5.4. China
      • 6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.5.4.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
      • 6.5.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.5.5. India
      • 6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.5.5.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
      • 6.5.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.5.6. Japan
      • 6.5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.5.6.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
      • 6.5.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
  • 6.6. Central & South America
    • 6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.6.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
    • 6.6.4. Brazil
      • 6.6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.6.4.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
      • 6.6.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
  • 6.7. Middle East & Africa
    • 6.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.7.2. Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
    • 6.7.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Vendor Landscape
    • 7.2.1. Company categorization
    • 7.2.2. List of Key Distributors and Channel Partners
    • 7.2.3. List of Potential Customers/End Users
  • 7.3. Competitive Dynamics
    • 7.3.1. Competitive Benchmarking
    • 7.3.2. Strategy Mapping
    • 7.3.3. Heat Map Analysis
  • 7.4. Company Profiles/Listing
    • 7.4.1. ATI
      • 7.4.1.1. Participant's Overview
      • 7.4.1.2. Financial Performance
      • 7.4.1.3. Product Benchmarking
      • 7.4.1.4. Strategic Initiatives
    • 7.4.2. Baoji Seabird Metal Material Co., Ltd
      • 7.4.2.1. Participant's Overview
      • 7.4.2.2. Financial Performance
      • 7.4.2.3. Product Benchmarking
      • 7.4.2.4. Strategic Initiatives
    • 7.4.3. Dynalloy, Inc
      • 7.4.3.1. Participant's Overview
      • 7.4.3.2. Financial Performance
      • 7.4.3.3. Product Benchmarking
      • 7.4.3.4. Strategic Initiatives
    • 7.4.4. Fort Wayne Metals Research
      • 7.4.4.1. Participant's Overview
      • 7.4.4.2. Financial Performance
      • 7.4.4.3. Product Benchmarking
      • 7.4.4.4. Strategic Initiatives
    • 7.4.5. Furukawa Electric Co., Ltd
      • 7.4.5.1. Participant's Overview
      • 7.4.5.2. Financial Performance
      • 7.4.5.3. Product Benchmarking
      • 7.4.5.4. Strategic Initiatives
    • 7.4.6. Johnson Matthey
      • 7.4.6.1. Participant's Overview
      • 7.4.6.2. Financial Performance
      • 7.4.6.3. Product Benchmarking
      • 7.4.6.4. Strategic Initiatives
    • 7.4.7. Mishra Dhatu Nigam Limited (MIDHANI)
      • 7.4.7.1. Participant's Overview
      • 7.4.7.2. Financial Performance
      • 7.4.7.3. Product Benchmarking
      • 7.4.7.4. Strategic Initiatives
    • 7.4.8. Nippon Seisen Co., Ltd
      • 7.4.8.1. Participant's Overview
      • 7.4.8.2. Financial Performance
      • 7.4.8.3. Product Benchmarking
      • 7.4.8.4. Strategic Initiatives
    • 7.4.9. Nippon Steel Corporation
      • 7.4.9.1. Participant's Overview
      • 7.4.9.2. Financial Performance
      • 7.4.9.3. Product Benchmarking
      • 7.4.9.4. Strategic Initiatives
    • 7.4.10. SAES Group
      • 7.4.10.1. Participant's Overview
      • 7.4.10.2. Financial Performance
      • 7.4.10.3. Product Benchmarking
      • 7.4.10.4. Strategic Initiatives
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Product Code: GVR-3-68038-963-0

List of Tables

  • Table 1. List of Abbreviations
  • Table 2. Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 3. Nickel-Titanium (Nitinol) Alloys Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • Table 4. Copper-Based Alloys Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • Table 5. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • Table 6. Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 7. Biomedical Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • Table 8. Automotive Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • Table 9. Aerospace & Defense Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • Table 10. Consumer Electronics & Household Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • Table 11. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • Table 12. Shape Memory Alloys Market Estimates and Forecasts, By Region, 2018 - 2030 (USD Million)
  • Table 13. North America shape memory alloys market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 14. North America Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 15. North America Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 16. U.S. Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 17. U.S. Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 18. Canada Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 19. Canada Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 20. Europe Shape Memory Alloys Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 21. Europe Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 22. Europe Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 23. Germany Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 24. Germany Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 25. UK Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 26. UK Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 27. France Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 28. France Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 29. Asia Pacific Shape Memory Alloys Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 30. Asia Pacific Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 31. Asia Pacific Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 32. China Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 33. China Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 34. India Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 35. India Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 36. Japan Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 37. Japan Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 38. Central & South America Shape Memory Alloys Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 39. Central & South America Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 40. Central & South America Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 41. Brazil Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 42. Brazil Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)
  • Table 43. Middle East & Africa Shape Memory Alloys Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 44. Middle East & Africa Shape Memory Alloys Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
  • Table 45. Middle East & Africa Shape Memory Alloys Market Estimates and Forecasts, By End Use, 2018 - 2030 (USD Million)

List of Figures

  • Fig. 1 Market Segmentation
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Formulation and Validation
  • Fig. 5 Market Snapshot
  • Fig. 6 Segment Outlook
  • Fig. 7 Competitive Outlook
  • Fig. 8 Value Chain Analysis
  • Fig. 9 Market Dynamics
  • Fig. 10 Porter's Analysis
  • Fig. 11 PESTEL Analysis
  • Fig. 12 Shape Memory Alloys Market, By Product: Key Takeaways
  • Fig. 13 Shape Memory Alloys Market, By Product: Market Share, 2024 & 2030
  • Fig. 14 Shape Memory Alloys Market, By End Use: Key Takeaways
  • Fig. 15 Shape Memory Alloys Market, By End Use: Market Share, 2024 & 2030
  • Fig. 16 Shape Memory Alloys Market, By Region: Key Takeaways
  • Fig. 17 Shape Memory Alloys Market, By Region: Market Share, 2024 & 2030
  • Fig. 18 North America Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 19 U.S. Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 20 Canada Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 21 Europe Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 22 Germany Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 23 UK Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 24 France Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 25 Asia Pacific Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 26 China Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 27 India Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 28 Japan Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 29 Latin America Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 30 Brazil Shape Memory Alloys Market, 2018 - 2030 (USD Million)
  • Fig. 31 MEA Shape Memory Alloys Market, 2018 - 2030 (USD Million)
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