Press release
Smart Materials Market | TDK Corporation (Japan), CTS Corporation (U.S.), Optotune AG (Switzerland)
Smart Materials Market
The piezoelectric materials segment dominated the smart materials market. Smart materials are adaptive to different environmental and operational conditions. Increased investments in R&D to innovate new smart materials has resulted in broadened applications in automotive, construction, healthcare, aerospace, and chemical industries. Shape memory alloys have wide range of applications in manufacturing actuators and motors. Piezoelectric and electro-rheostatic materials are widely used in permeated households and automotive applications.
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Global Smart Materials Market Taxonomy
The global smart materials market is classified on the basis of the following segments:
product type
Piezoelectric materials
Electro-rheostatic
Magneto-rheostatic
Shape memory materials
Smart fluids
Smart hydrogels
Electrochromic materials
Others
Application
Actuators & motors
Sensors
Transducers
Structural materials
Others
End-user
Industrial
Defense
Aerospace
Automotive
Consumer electronic
Healthcare
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Increasing technological advancements have resulted in increased use of developed materials rather than conventional materials such as polymers, metal, and glass in various industries such as automotive, consumer electronics, and healthcare, among others. The property of smart materials to change one or more of its properties due to external stimulus is driving the usage of smart materials for various applications such as transducers, actuators & motors, structural materials and others. The use of smart materials require high investments. Various governmental and non-governmental bodies are focusing on increasing awareness and fuel uptake of smart materials.
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