Press release
Global Smart Materials Market: Growing Research and Development Activities to Open New Application Areas, finds TMR
The growth of the global smart materials market is dependent on many small markets such as thermally responsive and biomimetic materials as it is a confluence of all these markets, states Transparency Market Research (TMR) in a new research report. Only a few companies that operate in the global smart materials market hold a high production capacity and thus invest heavily in research and development activities to advance existing smart materials and discover more variants. Leading players operating in the global smart materials market are TDK Corporation, Wright Medical Group Inc., Noliac A/S, Kyocera Corporation, CTS Corporation, Advanced Cerametrics Inc., APC International Ltd, and LORD Corporation among others.The global smart materials market is expected to expand at a CAGR of 12.5% between 2014 and 2020. The market was worth US$34.96 bn in 2015 and is likely to touch a valuation of US$63.28 bn by the end of 2020. In terms of product type, piezo-electric materials led the global smart materials market in 2013 with a share of 51.0%. The segment is expected to retain a lead until 2020 with a share of approximately 52.9% in the same year. Owing to the demand for piezo-electric materials from various end-use industries in Asia Pacific and the Rest of the World, the sales of these materials are expected to accelerate over the forecast period. Furthermore, this product segment is also projected to witness strong growth over the next couple of years.
Download And Get Sample PDF File Of Smart Materials Industry : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4150
Growing Construction Industry to Fuel Demand for Smart Materials in North America
Regionally, North America dominated the global smart materials in terms of consumption with a share of 38.4% in 2013 and is likely to retain a lead with a share of 38.2% by the end of 2020. According to a TMR analyst, “The growth of the smart materials market in North America can be attributed to their rising demand in applications such as structural materials and motors and actuators.” Moreover, the building and construction industry in North America is focusing on the implementation of new techniques regarding the monitoring of structural health, environment control, and vibration control, thus driving the demand for smart materials in the region. The growth of the global smart materials market is further expected to be fueled by the growing demand for smart materials from applications such as embedded and surface-mounted sensors.
Flourishing Bionics and Artificial Organ Industries to Aid Market Growth
Smart materials such as biomimetic materials have applications in the bionics industry for the development of engineering systems and modern technologies. Several industries such as healthcare, wind energy, marine, aerospace, and automotive use biomimetic materials in their manufacturing processes. For instance, biomimetic systems and materials are used in the copying mechanisms for the production of water sports attire for replicating shark skin. Further, in the healthcare industry, biomimetic materials are used in applications such as artificial muscles and artificial organs, which are made from biomimetic materials with electronic systems and components. As a result of the rising adoption of artificial organs, the demand for smart materials is expected to intensify over the forecast period.
Transformation of Smart Materials into Commercial Products to Act as Challenge for Manufacturers
Dynamic features of smart materials enable them to sense and respond to environmental changes and adapt according to the surroundings. Smart materials have characteristics such as biomimetic, controlling, actuating, and sensing. Although smart materials have applications in many industries, manufacturers are striving to transform them into commercial products. The challenge of converting smart materials into commercial products is likely to impact the cost of these materials. Thus, manufacturers are investing in research and development projects to decrease the cost of smart materials as well as make them commercially viable.
Browse Market Research Report with ToC & Free Analysis : http://www.transparencymarketresearch.com/smart-materials-market.html
This review is based on a Transparency Market Research report titled, “Smart Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2020.”
This report segments the global smart materials market as follows:
Smart Materials Market - Product Segment Analysis
Biomimetic materials
Piezo-electric materials
Thermally responsive materials
Others (including smart fluids, smart hydrogels etc.)
Smart Materials Market - Application Analysis
Actuators & motors
Sensors
Transducers
Structural materials
Others (including sports & leisure, energy harvesting devices, mechanical structures etc.)
Smart Materials Market - Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://globalresearchanalysis.blogspot.in/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Smart Materials Market: Growing Research and Development Activities to Open New Application Areas, finds TMR here
News-ID: 377461 • Views: …
More Releases from TMR – Research Reports CMFE

Offshore Lubricants Market - Evolving Industry Trends 2020
The global offshore lubricants market is characterized by high degree of competition by integrated MNCs. The top four companies in the industry accounted for 45% of the market in 2014. These four companies are ExxonMobil Corp., Royal Dutch Shell, Chevron, and Castrol. Competition is intensifying on account of the presence of major oil and gas companies across the value chain. Key players are participating in expansion strategies to maintain their…

Large-scale LNG Terminals Market By Technology - Global Industry Analysis Foreca …
Rising focus on shale gas production has changed the demand-supply demographic of several energy producing regions across the globe in the past few years. The shale boom in the U.S. is on the verge of making North America, a major importer of crude oil and natural gas in the past years, an exporter of LNG. The urgency to improve production and supply infrastructure owing to such changes is the key…
Crude Oil Carriers Market is expected to rise at a remarkable CAGR By 2024.
Shipping of petroleum liquids such as crude oil comprises many different operations, each of which signifies a potential source of evaporation loss. Crude oil is transported from production facilities to refineries by crude oil carriers, rail tank cars, barges, pipelines, and tank trucks. Coastal tank vessel trades are functioned by crude carriers, tank barges, and product tankers. Crude oil carriers are generally referred to as oil tankers which transport crude…

Gas Insulated Substation Market - Evolving Industry Trends 2024
Substations play a crucial role in electricity distribution infrastructures as a part of the transmission and distribution systems, performing several core functions such as the transformation of voltage from high to low, or vice versa. Electricity may flow through a number of substations between the power generation station to the consumer. Substations may house transformers to alter voltage levels between high and low transmission and distribution voltages or at the…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…