Analysts forecast
the Global Smart
Materials market to grow at a CAGR of 12.61 percent over the period
2013-2018.
Smart materials are
specialty building materials whose properties tend to vary when subjected to
external stimuli such as stress, temperature, moisture, pH, and magnetic field.
These materials are called smart materials because of the change inherent in them,
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 could be
classified into many types: piezoelectric materials, shape memory alloys,
magnetostrictive materials, thermoelectric materials, rheological fluids, and
others.
This report covers
the present scenario and the growth prospects of the Global Smart Materials
market for the period 2014-2018. To calculate the market size, the report
considers the revenue generated through the sales of smart materials by these
vendors. It provides data about different segments of the Global Smart
Materials market 2014-2018, which are based on the following:
- Material (Piezoelectric Material, Magnetostrictive Material, Thermoelectric Material, Shape Memory Alloy, Rheological Fluids, and Others)
- Application (Motors, Sensors, Transducers, and Building Materials)
- End-Use (Transportation, Agriculture and Food, Healthcare, Construction and Infrastructure, Leisure and Sports, and Others)
- Geography (APAC, EMEA, and the Americas)
In addition, it
discusses the major drivers that influence the growth of the market and also
outlines the challenges faced by vendors and the market at large, as well as
the key trends emerging in the market.
