A new report by Allied Market Research, titled, "World Smart Material Market," projects that the world smart material market is expected to generate revenue of $72.63 billion by 2022, with an estimated CAGR of 14.9% from 2016 to 2022.
In the year 2015,
Asia-Pacific was the highest revenue-generating region, owing to
Read more details of the report at: https://www.alliedmarketresearch.com/smart-material-market
In the year 2015, the actuator & motor segment dominated the market with around 44% share, owing to high performance, innovation, and continuous improvements in variety of industrial applications. In terms of growth, the sensor segment is projected to expand at the highest CAGR of around 18% during the forecast period. This is attributed to widening applications of connected devices equipped with smart sensors by end users.
Among key end users,
industrial segment led the
The world smart material
market is classified based on geography
Key Findings of the Study:
Major driving forces for
the growth of
dominated the smart material market in 2015; however, the sensor segment is
expected to grow at a
· Asia-Pacific dominated the market in 2015, and is expected to register the fastest growth over the forecast period.
The report features a
competitive scenario of the world smart material market. It provides a
comprehensive analysis of key growth strategies adopted by major players. Key
players adopt product launches, digital expansion, and mergers &
acquisitions as their key growth strategies to expand their presence and gain a
Allied Market Research
(AMR) is a full-service market research and business consulting wing of
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirm the utmost accuracy in our market forecasting. All the data presented in the reports published by us are extracted through primary interviews with top officials from leading companies of concerned domain. Our secondary data procurement methodology includes deep online and offline research and discussions with knowledgeable professionals and analysts in the industry.
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