Market Research Reports

Smart materials can be included in the category of reactive materials that change their properties as a response to changes in external environment. Possessing multiple physico-chemical properties that enable these materials to change as per the external stimuli, smart materials have the capacity to adapt to the changed environment via alteration of their properties. Smart materials undergo changes when in contact with elements such as temperature, magnetic or electric field, pH, mechanical stress, and light. As the change occurring in the properties of these materials is reversible, smart materials can be reused over and over. Sensitivity to change, easy adaption, and quick response are some of the major advantages of smart materials.  The global market for smart materials was pegged at US$27.7 bn in 2013 and is expected to keep expanding at a CAGR of 12.5% between 2014 and 2020. By the end of 2020, the market will have achieved a revenue worth US$63.28bn, predicts Transpare...

Transparency Market Research has released a new report, titled “ Smart Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 ,” providing a comprehensive overview of the global start material market, covering the various factors influencing the market between 2014 and 2020.  The rising popularity of piezoelectric devices is one of the key factors driving the global smart materials market. Piezoelectric devices are used for various purposes across industries such as security and defense, industrial equipment, aerospace, defense and security, medical, automotive, commercial sonar, home goods, and power generation and flow monitoring.   Smart materials refer to a class of reactive materials that change a few of their properties in response to changing external environment conditions. These materials possess unique properties that can be changed or altered. Smart materials can sense the change in their external environm...