[July 20, 2011]

Global Smart Materials Market Set to Reach $40 Billion by 2016: companiesandmarkets.com

It is estimated that the global smart materials market at about $19.6 billion in 2010, according to a new report available on companiesandmarkets.com. Analysts expect the market to approach $22 billion in 2011 and pass $40 billion by 2016, a compound annual growth rate of 12.8% between 2011 and 2016.

Smart Materials: Technologies and Global Markets
http://www.companiesandmarkets.com/Market-Report/smart-materials-technologies-and-global-markets-623257.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2

Actuators and motors make up the largest application segment of the smart materials market, with sales of nearly $10.8 billion (55% of the total market) in 2010, incrasing to $25.4 billion (nearly 64% of the market) by 2016, a compound annual growth rate (CAGR) of 15.4% between 2011 and 2016.

Transducers make up the second-largest application segment, with sales of $7 billion in 2011. However, transducers have the lowest projected growth rate of any major application segment and, while absolute dollar sales are projected to approach an impressive $9.4 billion in 2016, transducers' percentage of market share should slip to 23.4%, reflecting a compound annual growth rate (CAGR) of 6%.

Smart materials are a class of materials that respond dynamically to electrical, thermal, chemical, magnetic, or other stimuli from the environment. These materials are incorporated in a growing range of products, enabling these products to alter their characteristics or otherwise respond to external stimuli. This report is an update of an earlier research report published in 2005. Since then, the range of smart materials technologies and applications has continued to grow.

The smart materials report analyzes the principal applications for each type of smart material (including commercial, industrial, medical, research and military applications) and estimates the current and projected worldwide market for each type of smart material and application through 2016.

The report format includes the following major elements:

• Executive summary
• Definitions
• Milestones in the development of smart materials
• Types of smart materials, their properties, technologies, and markets
• Smart material applications, end-users and markets
• Company profiles
• Patent analysis

Report Details: http://www.companiesandmarkets.com/Market-Report/smart-materials-technologies-and-global-markets-623257.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2

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