Smart Materials Market Is Anticipated To Grow At A 13.5% from 2014 to 2025: Grand View Research, Inc.
The global smart materials market is anticipated to reach USD 98.2 billion by 2025, according to a report by Grand View Research, Inc. Extensive research & innovation activities have widened the industrial applications of smart materials. Augmented use of smart actuators & motors, sensors, and structural materials is anticipated to bolster the demand over the next few years. Smart materials are advanced products, which can sense and respond to a broad range of stimuli, including electric and magnetic fields, temperature, pressure, mechanical stress,hydrostatic pressure, nuclear radiation, and pH change. Unique properties of these products allow them to revert to their original state after removal of the stimuli. U.S. smart materials market revenue, by application, 2014 - 2025 (USD Billion) Piezoelectric, shape memory, electrostrictive, magnetostrictive, phase change, and electrochromic materials have gained wide industrial acceptance in the recent pas...