Technavio has been monitoring the smart materials market and it is poised to grow by USD 48.48 billion during 2020-2024, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Smart Materials Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of almost 14%, the market growth will accelerate in the forecast period of 2020-2024.
What is the key factor driving the market?
The rise in R&D efforts to develop innovative materials is one of the key factors driving the market growth.
Who are the top players in the market?
Allegheny Technologies Inc., APC International Ltd., Arkema SA, CeramTec TopCo GmbH, CTS Corp., Kyocera Corp., LORD Corp., Metglas Inc., Piezo Kinetics Inc., and Solvay SA are some of the major market participants.
Which region is expected to hold the highest market share?
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 13.17%.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Allegheny Technologies Inc., APC International Ltd., Arkema SA, CeramTec TopCo GmbH, CTS Corp., Kyocera Corp., LORD Corp., Metglas Inc., Piezo Kinetics Inc., and Solvay SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The rise in R&D efforts to develop innovative materials has been instrumental in driving the growth of the market.
Smart Materials Market 2020-2024: Segmentation
Smart Materials Market is segmented as below:
Shape Memory Alloys
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Smart Materials Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our smart materials market report covers the following areas:
Smart Materials Market size
Smart Materials Market trends
Smart Materials Market analysis
This study identifies the rising demand for piezoelectric material-based devices in the automotive sector as one of the prime reasons driving the smart materials market growth during the next few years.
Smart Materials Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the 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 SA. Backed with competitive intelligence and benchmarking, our research reports on the smart materials market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Smart Materials Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist smart materials market growth during the next five years
Estimation of the smart materials market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the smart materials market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of smart materials market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY MATERIAL
Market segmentation by material
Comparison by material
Piezoelectric materials - Market size and forecast 2019-2024
Shape memory alloys - Market size and forecast 2019-2024
Thermoelectric materials - Market size and forecast 2019-2024
Rheological fluids - Market size and forecast 2019-2024
Magnetostrictive materials - Market size and forecast 2019-2024
Other materials - Market size and forecast 2019-2024
Market opportunity by material
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
Advances in shape memory alloys with high fatigue life
Growing use of piezoelectric devices
Development of tires with shape memory alloys
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
Market positioning of vendors
Allegheny Technologies Inc.
APC International Ltd.
CeramTec TopCo GmbH
Piezo Kinetics Inc.
PART 14: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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