Smart Materials Market Report 2025 (Global Edition)

Global Smart Materials Market Report 2025 Market Size Split by Product Type (• Piezoelectric Materials, • Electro-rheostatic, • Magneto-rheostatic, • Shape Memory Materials, • Smart Fluids, ...

Smart Materials Market Report Description

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The smart materials market is witnessing increasing competitiveness, driven by rapid industrialization in developing nations such as China and India. These materials are gaining traction across a variety of industries, including manufacturing, automotive, construction, defense, aerospace, and healthcare. Key market players are leveraging these expanding applications to explore new growth opportunities, particularly in sectors like military technologies and medical devices, where adaptive and responsive materials are in high demand. Leading companies in the smart materials market include CeramTec, CTS Corporation, Harris Corporation, LORD Corporation, and Piezo Kinetics, Inc., all of which are actively focusing on product innovation, strategic collaborations, and portfolio expansion to strengthen their market presence.
For instance, in March 2023, Kyocera Corporation completed the full acquisition of AVX Corporation, a U.S.-based electronic components manufacturer. Kyocera, which previously held around 74% of AVX’s outstanding shares, finalized the merger to make AVX a wholly owned subsidiary, thereby enhancing its capabilities in smart material components and electronic innovations. (Source: https://www.kyocera-avx.com/news/completion-of-merger-with-kyocera-corporation/) 
In another significant move, TDK Corporation of Tokyo, Japan, announced an investment in XCOM Labs in May 2022 through its venture arm, Ventures Inc. TDK, known for pioneering ferrite materials, is now channeling resources into 5G and advanced wireless communication systems, reinforcing its focus on smart and responsive technologies. These strategic moves reflect how major players are positioning themselves to lead in the evolving smart materials landscape by aligning with high-growth areas such as wireless tech, connectivity, and defense-grade components. (Source: https://tdk-ventures.com/news/announcements/tdk-ventures-invests-in-xcom-labs-vision-for-a-high-speed-wireless-future/) 

Top Companies Market Share in Smart Materials Industry: (In no particular order of Rank)

• Kyocera Corporation
• Noliac A/S
• APC International
• Ltd
• CTS Corporation
• Confluent Medical Technologies
• Meggitt PLC
• Gentex Corporation
• Piezo Kinetics Inc. (The Crest Group Incorporated
• CeramTech GmbH
• LORD Corporation
• Noliac A/S
• APC International
• TDK Corporation
• Metglas Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Which region will dominate the market in 2024, and which region is expanding at the fastest CAGR?

North America accounted for the largest share of revenue in the global smart materials market in 2021, driven by the growing adoption of these materials in aerospace, defense, and robotics industries, especially in the U.S. and Canada. The region benefits from significant government investments and initiatives aimed at advancing technologies in these sectors. In particular, the aerospace and defense industries have seen an increasing demand for smart materials that offer high performance, lightweight properties, and adaptability for various applications. For instance, the U.S. aerospace sector is expected to see substantial growth in advanced air mobility, with an estimated market value of USD XX billion annually by 2035, according to research. This growth is further bolstered by the Federal Aviation Administration’s (FAA) projections, which suggest that the total commercial aircraft fleet will expand to over 8,270 by 2037. Moreover, the National Defense Authorization Act (NDAA), signed by the U.S. President in December 2021, authorized USD 768.2 billion in military spending, further supporting defense-related smart material innovations.
In addition to aerospace and defense, smart materials are increasingly being adopted in the robotics sector, particularly in the development of biomedical robots. For Instance, In Stanford University, engineers created multifunctional wireless robots on June 14, 2022, that integrate novel smart materials to enhance health outcomes while minimizing invasiveness during medical procedures. (Source: https://news-archive.stanford.edu/press-releases/2022/06/14/tiny-robots-precon-drug-delivery/) These robots are designed for microscale biomedical research, highlighting the growing potential for smart materials in medical technologies. The steady integration of smart materials into both aerospace and robotics industries positions North America as a key driver of market growth, with strong governmental and institutional support helping to propel innovation.
 
The Asia-Pacific region is expected to experience the fastest revenue growth in the smart materials market during the forecast period, driven by significant advancements in the electronics and automotive industries, particularly in China, Japan, and India. The electronics sector in China has shown remarkable growth, with 5G mobile phone shipments reaching 266 million units in 2021, or 75.9% of total mobile shipments, marking a year-on-year increase of 63.5%, according to the China Academy of Information and Communications Technology (CAICT). (Source: https://www.gizmochina.com/2023/10/07/chinas-electronic-production-900-million-phones-produced-amidst-recovery/) This growth in 5G technology and mobile devices creates a high demand for smart materials used in sensors, actuators, and communication systems. Additionally, China is a global leader in automotive production, with 27.5 million vehicles expected to be sold in 2022, as reported by the China Association of Automobile Manufacturers (CAAM). This massive demand for vehicles has spurred the adoption of lightweight, durable, and energy-efficient materials, all key applications of smart materials in the automotive sector.
India is also contributing to this growth, particularly in the consumer electronics market, where computer sales grew by 87% and smartphone sales rose by X% in 2021 compared to 2019, demonstrating the increasing need for advanced materials. The combination of advancements in mobile technology, automotive manufacturing, and growing R&D activities across the region is creating an ideal environment for the continued expansion of the smart materials market. Governments in Asia-Pacific have been providing substantial support through research funding, facilitating the development of next-generation smart materials to meet the demand across these high-growth sectors. The combination of growing electronics, automotive, and consumer goods industries, alongside robust R&D investments, makes Asia-Pacific a powerhouse for smart materials adoption, driving both market growth and innovation.
 

The current report Scope analyzes Smart Materials Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Smart Materials Market Analysis

According to Cognitive Market Research, North America smart materials size was valued at USD XX billion in 2024 and is expected to reach USD XX billion at a CAGR of XX5 during the forecast period.

Europe Smart Materials Market Analysis

According to Cognitive Market Research, Europe smart materials size was valued at USD XX billion in 2024 and is expected to reach USD XX billion at a CAGR of XX5 during the forecast period.

Asia Pacific Smart Materials Market Analysis

According to Cognitive Market Research, Asia Pacific smart materials size was valued at USD XX billion in 2024 and is expected to reach USD XX billion at a CAGR of XX5 during the forecast period.

South America Smart Materials Market Analysis

According to Cognitive Market Research, South America smart materials size was valued at USD XX billion in 2024 and is expected to reach USD XX billion at a CAGR of XX5 during the forecast period.

Middle East Smart Materials Market Analysis

According to Cognitive Market Research,Middle East and Africa smart materials size was valued at USD XX billion in 2024 and is expected to reach USD XX billion at a CAGR of XX5 during the forecast period.

Smart Materials Market Analysis

By Product Type, the market is segmented into Piezoelectric Materials, Electro-rheostatic, Magneto-rheostatic, Shape Memory Materials, Smart Fluids, Smart Hydrogels, Electrochromic Materials, and Others. Among these, piezoelectric materials hold the largest market share, accounting for more than half of the total segment. This dominance is driven by their widespread use across various end-use industries, especially in applications such as hydrophones, sonar systems, gas igniters, and consumer electronics like speakers and bells. Meanwhile, shape memory materials are projected to witness the fastest growth rate during the forecast period. This surge can be attributed to their increasing adoption in the medical sector, particularly in devices like stents, dental braces, prosthetics, and surgical fixation tools.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Smart Materials Industry. Request a Free Sample PDF!

In 2024, the sensors segment accounted for XX% of the total market share for smart materials. A piezoelectric sensor is an intelligent gadget that uses the piezoelectric effect to help transform variations in strain, pressure, acceleration, temperature, or force into an electric charge. These sensors have several benefits, including small size, minimal phase shift, good frequency response, and availability in the desired shape. Piezoelectric sensors are used in the industrial sector for many applications, including sonar equipment and pressure sensors. Furthermore, the global smart materials market is anticipated to grow at a faster rate due to the growing usage of piezoelectric sensors in fields such as aerospace and defense, automotive, healthcare, and medical applications. These sensors are also used as tilt sensors in electrical and electronic devices and as pressure sensors in mobile phone touchpads. Furthermore, because actuators are widely used in the aerospace and defense industries, it is anticipated that this segment of the global smart materials market will grow at the fastest rate during the forecast period. As a result, during the forecast period, a positive growth curve is anticipated for the smart materials market across a range of applications.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Smart Materials End-User Segment Analysis

In End User Type, the aerospace and defense segment held the largest share of XX% in the smart materials market. The growing aircraft fleet and rising defense spending have increased aircraft production around the world, creating a huge demand for smart materials, which aid in maintaining and guiding airflow across aircraft wings and during takeoff and landing.
The automotive industry incorporates smart materials into vehicle components to enhance safety, comfort, and efficiency. The industrial sector uses smart materials for automation and robotics, where responsive properties such as shape memory alloys and piezoelectric materials improve manufacturing processes and operational efficiency. Consumer Electronics uses smart materials to create innovative products like flexible displays, smart wearables, and responsive touchscreens. Smart materials are useful in the healthcare industry for biomedical devices, drug delivery systems, and tissue engineering.

• Industrial
• Defense and Aerospace
• AutomotiveConsumer Electronics
• Healthcare
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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