Smart Materials in Global Market
Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, global smart materials market was valued at USD 37.8 billion in 2016 and is expected to reach USD 70.85 billion in 2022, growing at a CAGR of 11.1% between 2017 and 2022.Increasing demand of piezoelectric devices in the different end-user application is likely to trigger the smart materials market. These devices are used in industries such as medical devices, robotics, information, automotive, information technology and telecommunication with shares over 50 %.With the fastest growth in the market of shape memory alloys the products are emerging like stents, dental braces, medical textiles with the increased emergence.Million dollars of revenues are obtained from the Product outlook, Application outlook and regional outlook.
- Track 1-1 Huge Market among end user industries
- Track 2-2 Piezo-electric devices with shares over 50%
- Track 3-3 Fastest growth in the market of (SMA)
- Track 4-4 Collection of revenues