Lucintel's latest market report analyzed that smart material provides attractive opportunities in the industrial, aerospace and defense, automotive, electrical and electronics, healthcare, and food and beverage industries. The smart material market is expected to reach $XX billion by 2028 with a CAGR of 12% to 14%. In this market, sensor is the largest segment by application, whereas aerospace and defense is largest by end use industry.
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Based on application, the smart material market is segmented into transducer, actuator and motor, sensor, structural material, coating, and others. The sensor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its various advantages such as good frequency response, availability in the desired shape, negligible phase shift, and ease of handling.
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The Smart Material Market is marked by the presence of several big and small players. Some of the prominent players offering smart material include APC International, Harris Corporation, CeramTech GmbH, Kyocera Corporation, TDK Corporation, Noliac, and Ametek.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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