A new report by Allied Market Research, titled, "World Smart Material Market," projects that the world smart material market is expected to generate revenue of $72.63 billion by 2022, with an estimated CAGR of 14.9% from 2016 to 2022. In the year 2015, Asia-Pacific was the highest revenue-generating region, owing to high adoption of products developed by using smart materials in various end-user industries such automotive, manufacturing, construction, and defense along with large number of small players offering smart materials. Furthermore, the region is projected to continue its dominance throughout the forecast period, due to increasing adoption of Internet of things (IoT) applications. North America was the second largest market, in terms of revenue generation, followed by Europe. Major factors that boost the smart material market in Asia-Pacific region include growing geriatric population, declining prices of smart materials, and improving standards of living in countries such as India, China, and Japan. In addition, evolution in IoT and increasing demand for connected devices are projected to drive the market growth worldwide. In the year 2015, the actuator & motor segment dominated the market with around 44% share, owing to high performance, innovation, and continuous improvements in variety of industrial applications. In terms of growth, the sensor segment is projected to expand at the highest CAGR of around 18% during the forecast period. This is attributed to widening applications of connected devices equipped with smart sensors by end users. Among key end users, industrial segment led the market followed by defense & aerospace, both collectively accounted for around 62% of the market revenue in 2015. The world smart material market is classified based on geography into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific generated the largest revenue in 2015, followed by North America. Asia-Pacific is projected to expand at the highest CAGR of around 16% during forecast period.

1. Published Date: June 2016 No. of pages : 123
World Smart Material
Market
Opportunities and Forecasts,
2015-2022

2. A new report by Allied Market Research, titled, "World Smart Material Market," projects that the
world smart material market is expected to generate revenue of $72.63 billion by 2022, with an
estimated CAGR of 14.9% from 2016 to 2022.
In the year 2015, Asia-Pacific was the highest revenue-generating region, owing to high adoption of
products developed by using smart materials in various end-user industries such automotive,
manufacturing, construction, and defense along with large number of small players offering smart
materials. Furthermore, the region is projected to continue its dominance throughout the forecast
period, due to increasing adoption of Internet of things (IoT) applications. North America was the
second largest market, in terms of revenue generation, followed by Europe. Major factors that boost
the smart material market in Asia-Pacific region include growing geriatric population, declining prices
of smart materials, and improving standards of living in countries such as India, China, and Japan. In
addition, evolution in IoT and increasing demand for connected devices are projected to drive the
market growth worldwide.
In the year 2015, the actuator & motor segment dominated the market with around 44% share, owing
to high performance, innovation, and continuous improvements in variety of industrial applications. In
terms of growth, the sensor segment is projected to expand at the highest CAGR of around 18%
during the forecast period. This is attributed to widening applications of connected devices equipped
with smart sensors by end users.
INTRODUCTION TO SMART MATERIAL MARKET

3. INTRODUCTION
Scope of the Report
Key Benefits
Key Audiences

4. 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.

5. TABLE OF CONTENT
1. INTRODUCTION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. WORLD SMART MATERIAL MARKET, BY APPLICATION
5. WORLD SMART MATERIAL MARKET, BY END-USER INDUSTRY
6. WORLD SMART MATERIAL MARKET, BY REGION
7. COMPANY PROFILE

6. SMART MATERIAL MARKET OVERVIEW
1. Market definition and scope
2. Key findings
3. Value chain analysis
4. Porters five forces analysis
5. Drivers
6. Restraints
7. Opportunities

7. SMART MATERIAL MARKET, BY APPLICATION
SMART
MATERIAL
MARKET, BY
APPLICATION
Introducti
on
Transducer
Actuators
and
motors
Sensors
Structural
materials
Coatings

8. SMART MATERIAL MARKET, BY END-USER INDUSTRY
SMART
MATERIAL
MARKET, BY
END-USER
INDUSTRY
Introduction
Industrial
Defense and
aerospace
Automotive
Consumer
electronics
Healthcare
Others (Civil
engineering and retail
sector)

9. SMART MATERIAL MARKET, BY GEOGRAPHY
North America, Europe, Asia Pacific, LAMEA

10. COMPANY PROFILES
• KYOCERA Corporation
• Noliac A/S
• APC International, Ltd.
• TDK Corporation
• CTS Corporation
• Channel Technologies Group, LLC

11. Follow Us On
Thank You!
For More Details
Visit us at
https://www.alliedmarketresearch.com/smart-material-
market