Smart materials market
Smart materials are a class of reactive materials that change some of their properties in response to a change in external environmental conditions.
Increasing demand for piezo-electric devices in a range of end-user applications is likely to trigger growth in the smart materials market. These are used in medical devices, robotics, information and communications technology, automobiles and so on. Piezoelectric devices typically have good accuracy, high torque, high responsiveness, and energy saving properties.
Artificial organs are made up of biomimetic materials with electronic components and systems, which are integrated into the human body and act as a replacement for natural organs. Challenges in implantation research and development may hamper the growth of this market.
Product segments include:
Piezo-electric materials were the largest segment of the market in 2016 in terms of revenue and are expected to expand at an even faster rate over the coming years. Biomimetic materials held the second largest share of the market in 2016. Thermally responsive materials are expected to expand at a moderate rate in the future.
On the basis of application, the market for smart materials is divided into:
- Actuators and motors.
- Sensors
- Transducers
- Structural materials.
- Others.
Actuators and motors dominated the market in 2016 and are expected to remain the leading segment over the forecast period, expanding at the fastest rate compared to all other applications. The piezoelectric actuators are widely used in smartphones and wearables and are driving growth due to the vast shift in the market trend towards the efficiency of electronics.
On the basis of region, the market is segmented into; North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America leads the market and is expected to experience high demand for smart materials in electrical and electronics, information technology, construction, and healthcare.
The key players in the market include; TDK Corporation, CTS Corporation, Wright Medical Group, CeramTec, NOLIAC A/S, Kyocera Corporation, APC International, Channel Technologies, LORD Corporation, and Advanced Cerametrics among others.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Engineering Smart Cities.
- European connected and smart home market.
- PAS 180:2014 Smart cities – Vocabulary.
- PAS 181:2014 Smart city Framework.
- PAS 182 Smart city data concept model.
- Smart airports.
- Smart city.
- Smart cities design timeframe.
- Smart coating.
- Smart construction.
- Smart glass.
- Smart greenhouse.
- Smart homes in Germany.
- Smart kitchen appliances.
- Smart meter.
- Smart technology.
- The smart buildings market.
Featured articles and news
Twas the site before Christmas...
A rhyme for the industry and a thankyou to our supporters.
Plumbing and heating systems in schools
New apprentice pay rates coming into effect in the new year
Addressing the impact of recent national minimum wage changes.
EBSSA support for the new industry competence structure
The Engineering and Building Services Skills Authority, in working group 2.
Notes from BSRIA Sustainable Futures briefing
From carbon down to the all important customer: Redefining Retrofit for Net Zero Living.
Principal Designer: A New Opportunity for Architects
ACA launches a Principal Designer Register for architects.
A new government plan for housing and nature recovery
Exploring a new housing and infrastructure nature recovery framework.
Leveraging technology to enhance prospects for students
A case study on the significance of the Autodesk Revit certification.
Fundamental Review of Building Regulations Guidance
Announced during commons debate on the Grenfell Inquiry Phase 2 report.
CIAT responds to the updated National Planning Policy Framework
With key changes in the revised NPPF outlined.
Councils and communities highlighted for delivery of common-sense housing in planning overhaul
As government follows up with mandatory housing targets.
CIOB photographic competition final images revealed
Art of Building produces stunning images for another year.
HSE prosecutes company for putting workers at risk
Roofing company fined and its director sentenced.
Strategic restructure to transform industry competence
EBSSA becomes part of a new industry competence structure.
Major overhaul of planning committees proposed by government
Planning decisions set to be fast-tracked to tackle the housing crisis.
Industry Competence Steering Group restructure
ICSG transitions to the Industry Competence Committee (ICC) under the Building Safety Regulator (BSR).
Principal Contractor Competency Certification Scheme
CIOB PCCCS competence framework for Principal Contractors.
The CIAT Principal Designer register
Issues explained via a series of FAQs.