Global Smart Materials Market to Reach Us$63.2 Bn by 2020, Rising Demand for Piezoelectric Devices to Drive Growth.Pdf

Transparency Market

Research

Smart Materials Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date

27-Feb-2015

77 Page Report

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Press Release

Global Smart Materials Market to Reach US$63.2 bn by 2020, Rising Demand

for Piezoelectric Devices to Drive Growth :TMR

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Smart Materials Market

REPORT DESCRIPTION

Smart Materials (Biomimetic Materials, Piezo-electric Materials,

Thermally Responsive Materials and Others) Market for Actuators &

Motors, Sensors, Transducers, Structural Materials, and Other

Applications - Global Industry Analysis, Size, Share, Growth, Trends

and Forecast 2014 – 2020

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 smart materials 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 environment and respond

to it accordingly by altering their properties. However, the response of smart materials to the changing

environment varies, depending on their chemical composition....