Global Piezoelectric Smart Materials 2016-2020
About Piezoelectric Smart Materials
Smart materials are specialty building materials whose properties change when subject to external stimuli such as stress, temperature, moisture, pH, or magnetic field. The change in the smart materials is an inherent property and not due to an external force. Smart materials have been on the market for many years and serve a large number of end-use applications, including construction, transport, medical, and leisure. Smart materials can be classified as piezoelectric materials, shape memory alloys, magnetostrictive materials, thermoelectric materials, and rheological fluids.
Piezoelectric materials produce a voltage when mechanical stress is applied. This effect also appears in a reverse manner, i.e., producing a strain when an electric field is applied. Piezoelectric materials are widely used in sensors. These help in measuring fluid density, fluid viscosity, the force of impact, and fluid composition.
Technavio’s analysts forecast the global piezoelectric smart materials market to grow at a CAGR of 12.96% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global piezoelectric smart materials market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Piezoelectric Smart Materials Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Piezoelectric Smart Materials Market: AAC Technologies, Advanced Cerametrics, Arkema, Kyocera, and Solvay
Other Prominent Vendors in the market are: APC International, and Channel Technologies Group
Commenting on the report, an analyst from Technavio’s team said: “There has been an increased substitution of mechanical means by electric motors. The use of smart materials is helping the industry achieve this goal. Active suspension systems have been designed for optimized vehicle control and comfort. Damping- and stiffness-related issues can now be solved by the use of rheological fluids. However, we expect the manufacturers are to be more inclined toward the use of piezoelectric materials, as they cost less than rheological fluids.”
According to the report, transportation, healthcare, and smart packaging are among the sectors that have been receiving tremendous attention with respect to R&D. In the transportation sector, the military and aerospace sector, followed by the automotive and marine sectors account for the major R&D.
Further, the report states that smart materials are highly efficient materials. However, this performance comes at high costs associated with the high level of R&D involved. End-users look for more affordable and low-cost materials with considerable efficiency. Therefore, as the consumers demand more affordable options, the importance of smart materials diminishes.
AAC Technologies, Advanced Cerametrics, Arkema, Kyocera, Solvay, APC International, Channel Technologies Group