Smart materials are the basis of many applications, including sensors and actuators, or artificial muscles, particularly as electroactive polymers (EAPs). Terms used to describe smart materials include shape memory material (SMM) and shape memory technology (SMT).
The European market has matured and developed over the past few years and will continue to maintain this trend in the coming years. In the European market, Germany, the United Kingdom, France and Italy all play important roles, especially in Germany, which has an absolute advantage in the European market. Due to strong demand from China, India and Southeast Asian countries, the Asia Pacific region will occupy an increasingly important position in the global smart materials market.

Electrochromic materials account for the largest share of the global industry. Shape memory alloys and shape memory polymers are expected to be the fastest growing products in the forecast period. Nitinol, copper-based alloys and various shape memory polymers are used in a wide range of actuators, motors, sensors and structural products. .
Currently, Harris, MURATA, Solvay, Johnson Matthey, Gentex Corporation, Saint-Gobain (Sage Glass), View and LCR Hallcrest are the leading manufacturers in the industry. Gentex corporation is a global market leader.
Clearly, smart materials have shown a clear competitive advantage. In the past few years, strong downstream demand has driven the industry's growth. Rising prices may affect the development of this industry. We believe that the future of the industry is undoubtedly bright. The premise of intelligent transportation, smart home, and intelligent life is smart materials.

Market Analysis and Insights: Global Smart Materials Market
The global Smart Materials market is valued at US$ 4746 million in 2019. The market size will reach US$ 7610.5 million by the end of 2026, growing at a CAGR of 6.9% during 2021-2026.

Global Smart Materials Scope and Segment
Smart Materials market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Smart Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Piezoelectric Materials
Shape Memory Material
Electrochromic Materials
Shape Memory Polymer
Thermochromic Materials
Others

Segment by Application
Electronic Industry
Automobile
Food and Beverages
Biomedical Industry
Others

By Company
Harris
MURATA
Solvay
Johnson Matthey
Arkema
Meggitt Sensing
KYOCERA
Piezo Kinetics
Gentex Corporation
Saint-Gobain (Sage Glass)
View
ChromoGenics
LCR Hallcrest
Nitinol Devices & Components
SAES Getters
G.RAU
ATI Wah-chang
Fort Wayne Metals

Production by Region
North America
Europe
South Korea
Japan
China

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E