Smart Materials Market Shares, Strategies and Forecasts, Analysis and Overview to 2025

Smart Materials Market Shares, Strategies and Forecasts, Analysis
and Overview to 2025
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The global Smart Materials Market size is expected to value at USD 98.2 billion by 2025. The market is subject
to witness a substantial growth due to the growing demand of electronic devices such as sensors and actuators
in various end-user industries, and aerospace & defense sector. Globally, the smart materials industry is
predicted to grow at CAGR of 13.5% in forecast period, providing numerous opportunities for market players to
invest for research and development in the market.
Rising adoption of automatic, and high-tech machines have led to the increased demand for piezoelectric
materials, in the last few years. Numerous initiatives by local government and private bodies in order to promote
the adoption of non-conventional energy resources rather than fossil fuels have propelled the demand for smart
materials such as piezoelectric devices in the market, in recent years. Numerous benefits offered by smart
materials such as reliability, and cost-effectiveness, are vital for sustained growth of the smart materials market
during the forecast period. Rising popularity of the piezoelectric material among end-user industries is one of
the critical factor for the growth of smart materials industry, in recent years.
High-end demand from aerospace engineering industry to achieve high performance level and fuel efficiency,
has led to growth of the smart materials market over the last few years. Smart systems have gained popularity
in both - aeronautical and astronautical engineering & sciences. Development of latest technology involving the
use of the smart materials has fueled demand for smart materials.
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Subsequently, rise in the global warfare are motivating the war-torn countries to largely invest in enhancing
their defense capabilities, involving land, air, and naval forces.
A substantial increase in the defense budget by number countries are predicated to boost demand of advanced
intelligent materials. Smart materials are largely used in defense sectors during manufacturing of high-end
weapons and warfare systems. Development of numerous warfare strategies to strengthen war technologies,
which includes cyber warfare, intelligence tactics, and precision strike capabilities, are anticipated to fuel the
demand of smart materials in coming years. Though, absence of high-end expertise during designing and
manufacturing of such systems are negatively impacting growth of the market. Additionally, limited commercial
viability of the devices coupled with lack of awareness among end users are restring growth of the market, in
recent years.
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Smart materials, also termed as intelligent or responsive materials, that specifically designed to include multiple
properties, which makes them to respond during external stimuli in controlled way. The external stimulus
includes the changes in atmospheric pressure, temperature, humidity content, pH level, electric field, magnetic
field, light intensity, and bio-chemical reactions. Smart materials are used in various application such as sensors,
transducers, artificial muscles, and electrically activated polymers (EAP's). Smart materials are widely popular
in electrically activated polymers (EAP's) application. Smart materials offer numerous advantages such as selfadaptability,
in-built mechanism, inbuilt healing properties, and memory driven capability in wide range of
applications.
The smart materials industry is divided into regional market segment such as North America, Europe, Asia-
Pacific, Latin America and Africa. North America and European region has shown major growth in recent years
owing to substantial funding by local governments in research & development of innovative products, rise in
the implementation of latest technologies and existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market share in the smart materials market with massive growth
in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific’s market with
favorable governmental policies, rise in the adoption in aerospace & defense, healthcare, automotive, and
building & construction sectors and significant investment by leading industry players considering potential
opportunities in the region. The key players in the smart materials industry are APC International Limited, Harris
Co., CeramTec Group, Kyocera Co., TDK Co., and CTS Co.
Market Segment:
Product Outlook (Revenue, USD Million; 2014 - 2025)
• Piezoelectric materials

• Shape memory materials
• Electrostrictive materials
• Magnetostrictive materials
• Phase change materials
• Electrochromic materials
• Others
Application Outlook (Revenue, USD Million; 2014 - 2025)
• Actuators & Motors
• Transducers
• Sensors
• Structural materials
• Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil

• MEA
• South Africa
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