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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
Transparency Market Research
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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....