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PUBLISHER: IMARC | PRODUCT CODE: 1519441
PUBLISHER: IMARC | PRODUCT CODE: 1519441
Smart Materials Market Report by Product, Application, End Use Industry, and Region 2024-2032
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PAGES: 137 Pages
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The global smart materials market size reached US$ 58.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 132.0 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032.
Smart materials are manufactured by modifying the mechanical and physical properties of standard materials under externally controllable and applied fields. These materials are presently available in multi-functional variants, ranging from carbon nanotubes and graphene to inorganic nanoparticles and conducting polymers. They are superior to conventional materials in terms of selectivity, directness, immediacy, transiency, and self-actuation. Additionally, as they can be activated by electrical stimuli to alter their magnetic and electric fields, stress, acoustic, temperature, nuclear radiation, and chemical behaviors, smart materials are gaining immense traction in various end use industries across the globe.
Smart Materials Market Trends:
The increasing use of chemical products in several industries, along with the rising awareness among employees about workplace safety and protection from hazardous conditions, represents one of the key factors catalyzing the adoption of smart materials in protective clothing. Apart from this, the escalating demand for effective, localized, and need-based systems in numerous biomedical applications, including cancer targeting, controlled drug delivery, tissue engineering, and biosensors, is stimulating the market growth. This can also be attributed to the rising incidences of chronic diseases and trauma injuries, coupled with the growing need for regenerative medicines and personalized treatments. Moreover, due to the emerging demand for energy-efficient building materials, smart materials are combined with conventional construction materials to build structures that adapt to atmospheric conditions, such as wind, heat, or rain. Besides this, rising investments in research and development (R&D) activities to develop smart materials using biopolymers, such as bacterial cellulose, chitosan, gelatin, starch, polylactic acid, and polyglycolic acid, are creating a positive market outlook. Furthermore, as these materials are biocompatible, biodegradable, and capable of broad chemical modifications, their applications are anticipated to expand in formulating artificial muscles, biomimetic robots, and reconfigurable lens systems worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart materials market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, application and end use industry.
Breakup by Product:
Piezoelectric Materials
Shape Memory Materials
Electrostrictive Materials
Magnetostrictive Materials
Phase Change Materials
Electrochromic Materials
Others
Breakup by Application:
Transducer
Actuators and Motors
Sensors
Structural Materials
Others
Breakup by End Use Industry:
Automotive
Consumer Electronics
Aerospace and Defense
Healthcare
Industrial
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being APC International Ltd, Arkema S.A, Confluent Medical Technologies, CTS Corporation, Gentex Corporation, Johnson Matthey, Kyocera Corporation, Meggitt PLC, Murata Manufacturing Co. Ltd, Piezo Kinetics Inc. (The Crest Group Incorporated), SAGE Electrochromics Inc. (Saint-Gobain S.A.) and Solvay S.A.
Key Questions Answered in This Report
- 1. What was the size of the global smart materials market in 2023?
- 2. What is the expected growth rate of the global smart materials market during 2024-2032?
- 3. What has been the impact of COVID-19 on the global smart materials market?
- 4. What are the key factors driving the global smart materials market?
- 5. What is the breakup of the global smart materials market based on the application?
- 6. What is the breakup of the global smart materials market based on the end use industry?
- 7. What are the key regions in the global smart materials market?
- 8. Who are the key players/companies in the global smart materials market?
Product Code: SR112024A4981
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Materials Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Piezoelectric Materials
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Shape Memory Materials
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Electrostrictive Materials
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Magnetostrictive Materials
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Phase Change Materials
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Electrochromic Materials
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Application
- 7.1 Transducer
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Actuators and Motors
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Sensors
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Structural Materials
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Consumer Electronics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Aerospace and Defense
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Healthcare
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Industrial
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 APC International Ltd
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Arkema S.A
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Confluent Medical Technologies
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 CTS Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Gentex Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Johnson Matthey
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Kyocera Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Meggitt PLC
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Murata Manufacturing Co. Ltd
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Piezo Kinetics Inc. (The Crest Group Incorporated)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 SAGE Electrochromics Inc. (Saint-Gobain S.A.)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Solvay S.A.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 APC International Ltd
Product Code: SR112024A4981
List of Figures
- Figure 1: Global: Smart Materials Market: Major Drivers and Challenges
- Figure 2: Global: Smart Materials Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Smart Materials Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Smart Materials Market: Breakup by Product (in %), 2023
- Figure 5: Global: Smart Materials Market: Breakup by Application (in %), 2023
- Figure 6: Global: Smart Materials Market: Breakup by End Use Industry (in %), 2023
- Figure 7: Global: Smart Materials Market: Breakup by Region (in %), 2023
- Figure 8: Global: Smart Materials (Piezoelectric Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Smart Materials (Piezoelectric Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Smart Materials (Shape Memory Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Smart Materials (Shape Memory Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Smart Materials (Electrostrictive Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Smart Materials (Electrostrictive Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Smart Materials (Magnetostrictive Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Smart Materials (Magnetostrictive Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Smart Materials (Phase Change Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Smart Materials (Phase Change Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Smart Materials (Electrochromic Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Smart Materials (Electrochromic Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Smart Materials (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Smart Materials (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Smart Materials (Transducer) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Smart Materials (Transducer) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Smart Materials (Actuators and Motors) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Smart Materials (Actuators and Motors) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Smart Materials (Sensors) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Smart Materials (Sensors) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Smart Materials (Structural Materials) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Smart Materials (Structural Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Smart Materials (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Smart Materials (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Smart Materials (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Smart Materials (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Smart Materials (Consumer Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Smart Materials (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Smart Materials (Aerospace and Defense) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Smart Materials (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Smart Materials (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Smart Materials (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Global: Smart Materials (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Global: Smart Materials (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Global: Smart Materials (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Global: Smart Materials (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: North America: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: North America: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: United States: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: United States: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Canada: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Canada: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Asia-Pacific: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Asia-Pacific: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: China: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: China: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Japan: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Japan: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: India: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: India: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: South Korea: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: South Korea: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Australia: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Australia: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Indonesia: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Indonesia: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Europe: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Europe: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Germany: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Germany: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: France: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: France: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: United Kingdom: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: United Kingdom: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Italy: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Italy: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Spain: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Spain: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Russia: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Russia: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Others: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Others: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Latin America: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Latin America: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Brazil: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 85: Brazil: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Mexico: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 87: Mexico: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 88: Others: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 89: Others: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 90: Middle East and Africa: Smart Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 91: Middle East and Africa: Smart Materials Market: Breakup by Country (in %), 2023
- Figure 92: Middle East and Africa: Smart Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 93: Global: Smart Materials Industry: SWOT Analysis
- Figure 94: Global: Smart Materials Industry: Value Chain Analysis
- Figure 95: Global: Smart Materials Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Materials Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Smart Materials Market Forecast: Breakup by Product (in Million US$), 2024-2032
- Table 3: Global: Smart Materials Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Smart Materials Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 5: Global: Smart Materials Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Smart Materials Market: Competitive Structure
- Table 7: Global: Smart Materials Market: Key Players
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