Technavio has been monitoring the smart materials market and it is poised to grow by 48.48 bn during 2020-2024, progressing at a CAGR of about 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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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.
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The rise in R&D efforts to develop innovative materials has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/smart-materials-market-analysis-industry-analysis
Smart materials market 2020-2024: Segmentation
Smart materials market is segmented as below:
Material
Piezoelectric Materials
Shape Memory Alloys
Thermoelectric Materials
Rheological Fluids
Others
Geographic Landscape
APAC
Europe
MEA
North America
South America
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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: Industry analysis
This study identifies the growing use of piezoelectric devices as one of the prime reasons driving the smart materials market growth during the next few years.
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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
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2019
Market outlook
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
Market condition
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
Geographic segmentation
Geographic comparison
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
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market 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
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Allegheny Technologies Inc.
APC International Ltd.
Arkema SA
CeramTec TopCo GmbH
CTS Corp.
Kyocera Corp.
LORD Corp.
Metglas Inc.
Piezo Kinetics Inc.
Solvay SA
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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