GLOBAL SMART MATERIALS MARKET 2020-2024
Global Smart Materials Market 2020-2024
Technavio has been monitoring the global smart materials market and it is poised to grow by USD 48.48 bn during 2020-2024, progressing at a CAGR of 14% during the forecast period. Our reports on global smart materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rise in r&d efforts to develop innovative materials.In addition, advances in shape memory alloys with high fatigue life is anticipated to boost the growth of the global smart materials market as well.
Technavio's global smart materials market is segmented as below:
- Piezoelectric Materials
- Shape Memory Alloys
- Thermoelectric Materials
- Rheological Fluids
- North America
- South America
Key Trends for global smart materials market growth
This study identifies advances in shape memory alloys with high fatigue life as the prime reasons driving the global smart materials market growth during the next few years.
Prominent vendors in global smart materials market
We provide a detailed analysis of around 25 vendors operating in the global smart materials market, including some of the vendors such as Allegheny Technologies Inc., APC International Ltd., Arkema SA, CeramTec TopCo GmbH, CTS Corp., Kyocera Corp., LORD Corp., Metglas Inc., Piezo Kinetics Inc. and Solvay S.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.