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Smart Material Market Emerging Trends

Thursday, November 10, 2016 4:16
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Summary: “Smart Material Market” Order This Report by calling BigMarketResearch.com at +1-971-202-1575.

KEY BENEFITS:

  • This report provides an in-depth analysis of the world smart material market to elucidate opportunities in the smart materials market
  • Current trends, future estimations and smart materials application are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold.
  • A quantitative analysis of the types of smart materials in market from 2016 to 2022 is provided to highlight the financial competency of the market.
  • Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.
  • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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Smart materials are adaptive or intelligent materials that possess intrinsic and extrinsic capabilities, which can be altered by external stimuli such as moisture, temperature, electromagnetic field, and pressure to obtain the desired functional effects. In addition, these materials are dynamic in nature and respond to their immediate interaction environments by adapting their characteristics.

Advancement in the materials science sector resulted in the development of materials for specific applications, which was previously not possible with the use of conventional materials such as polymers/plastics, metals, glass, and ceramics. The smart material market is valued at $72.63 billion for the period 2015 – 2022. Besides this, the smart material market is expected to register a CAGR of 14.9% during the assessment period. Smart materials are capable of working at a very basic functional level and can be used in complex technical systems by incorporating additional functionalities and properties.

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For instance, smart materials can be used in energy supply systems for microelectronic components. These attributes have attracted many end-users to the smart materials market. Rapid demand for smart materials, piezoelectric and biomimetic materials have now caught the attention of major ainvestors worldwide. The demand for piezo-electric materials is significant in North America. Manufacturers specializing in thermally responsive materials and other materials such as smart fluids and smart hydrogels will keep many stakeholders interested in the smart material market.

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Table of Content

MARKET OVERVIEW

  • 3.1 Market definition and scope
  • 3.2 Key findings
  • 3.2.1 Top impacting factor
  • 3.2.2 Top winning strategies
  • 3.2.3 Top investment pockets
  • 3.3 Value chain analysis
  • 3.4 Porters five forces analysis
  • 3.4.1 Low bargaining power of suppliers
  • 3.4.2 Moderate bargaining power of buyers
  • 3.4.3 Low threat from substitutes
  • 3.4.4 Low threat from new entrants in the market
  • 3.4.5 Moderate rivalry among market players
  • 3.5 Drivers
  • 3.5.1 Growing aging population
  • 3.5.2 Widening applications
  • 3.5.3 Government initiatives and incentive programs
  • 3.5.4 Substantial investment in R&D
  • 3.6 Restraints
  • 3.6.1 Lack of awareness
  • 3.6.2 High cost

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