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Global Shape Memory Alloy Market 2018-2022

Global Shape Memory Alloy Market 2018-2022

About this market

Development of tires with shape memory alloy to drive market growth. The NASA has developed tires meant for the rover destined for the Mars by using shape memory alloys. Technavio’s analysts have predicted that the shape memory alloy market will register a CAGR of over 9% by 2022.

Market Overview

Biocompatibility of Nitinol

Nitinol exhibits super elasticity, shape memory, and corrosion resistance properties. This is leading to an increased usage of Nitinol in implants.

High cost of shape memory alloys

The cost of the alloy is very high because the primary raw material, titanium is very expensive due to its limited supply.

For the detailed list of factors that will drive and challenge the growth of the shape memory alloy market during the 2018-2022, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Nippon Seisen and SAES Group the competitive environment is quite intense. Factors such as the development of tires with shape memory alloy and the biocompatibility of Nitinol, will provide considerable growth opportunities to shape memory alloy manufactures. ATI, FURUKAWA ELECTRIC, Johnson Matthey, Nippon Seisen, and SAES Group are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Shape Memory Alloy Market 2018-2022

Technavio recognizes the following companies as the key players in the global shape memory alloy market: ATI, FURUKAWA ELECTRIC, Johnson Matthey, Nippon Seisen, and SAES Group.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of tires with shape memory alloy.”

According to the report, one of the major drivers for this market is the biocompatibility of Nitinol.

Further, the report states that one of the major factors hindering the growth of this market is high cost of shape memory alloys.

Companies Mentioned

ATI
FURUKAWA ELECTRIC
Johnson Matthey
Nippon Seisen
and SAES Group

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Global smart materials market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Types of shape memory alloys
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global shape memory alloy market – Market size and forecast 2017-2022 ($ mn)
      • Table Global shape memory alloy market – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Global shape memory alloy market – Market share by application 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Biomedical – Market size and forecast 2017-2022
      • Table Biomedical – Market size and forecast 2017-2022 ($ mn)
      • Table Biomedical – Year-over-year growth 2018-2022 (%)
    • Automotive – Market size and forecast 2017-2022
      • Table Automotive – Market size and forecast 2017-2022 ($ mn)
      • Table Automotive – Year-over-year growth 2018-2022 (%)
    • Aerospace and defense – Market size and forecast 2017-2022
      • Table Aerospace and defense – Market size and forecast 2017-2022 ($ mn)
      • Table Aerospace and defense – Year-over-year growth 2018-2022 (%)
    • Consumer products – Market size and forecast 2017-2022
      • Table Consumer products – Market size and forecast 2017-2022 ($ mn)
      • Table Consumer products – Year-over-year growth 2018-2022 (%)
    • Others – Market size and forecast 2017-2022
      • Table Others – Market size and forecast 2017-2022 ($ mn)
      • Table Others – Year over year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global shape memory alloy market – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ mn)
      • Table Americas – Year-over-year growth 2018-2022 (%)
      • Table Top three countries in Americas
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ mn)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
      • Table Top three countries in EMEA
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ mn)
      • Table APAC – Year-over-year growth 2018-2022 (%)
      • Table Top three countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Development of shape memory alloys with high fatigue life
    • Development of tires with shape memory alloy
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ATI
      • Table ATI overview
      • Table ATI – Business segments
      • Table ATI – Organizational developments
      • Table ATI – Geographic focus
      • Table ATI – Segment focus
      • Table ATI – Key offerings
    • FURUKAWA ELECTRIC
      • Table FURUKAWA ELECTRIC overview
      • Table FURUKAWA ELECTRIC – Business segments
      • Table FURUKAWA ELECTRIC – Organizational developments
      • Table FURUKAWA ELECTRIC – Geographic focus
      • Table FURUKAWA ELECTRIC – Segment focus
      • Table FURUKAWA ELECTRIC – Key offerings
    • Johnson Matthey
      • Table Johnson Matthey overview
      • Table Johnson Matthey – Business segments
      • Table Johnson Matthey – Organizational developments
      • Table Johnson Matthey – Geographic focus
      • Table Johnson Matthey – Segment focus
      • Table Johnson Matthey – Key offerings
    • Nippon Seisen
      • Table Nippon Seisen overview
      • Table Nippon Siesen – Business segments
      • Table Nippon Siesen – Key offerings
    • SAES Group
      • Table SAES Group overview
      • Table SAES Group – Business segments
      • Table SAES Group – Organizational developments
      • Table SAES Group – Geographic focus
      • Table SAES Group – Segment focus
      • Table SAES Group – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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