Smart Materials Market Report 2025

The smart materials market size has grown rapidly in recent years. It will grow from $63.1 billion in 2024 to $71.06 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. The growth during the historic period can be attributed to increasing investments in research and development, rising consumer demand for energy-efficient materials, growing need for responsive materials, the expanding use of smart textiles, and the increasing demand for corrosion-resistant smart materials.

The smart materials market size is expected to see rapid growth in the next few years. It will grow to $112.8 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth during the forecast period can be attributed to the increasing adoption of shape-memory alloys, the rising utilization of electroactive polymers, growing consumer preference for adaptive materials, the expanding use of self-healing concrete, and the rising demand for nanomaterials. Major trends during this period include integration with IoT technology, advancements in aerospace applications, a focus on sustainability, enhanced sensor technologies, and greater adoption in industrial automation.

The growing demand for consumer electronics is expected to drive the expansion of the smart materials market. Consumer electronics, which include devices such as smartphones, laptops, TVs, gaming consoles, and smart home gadgets, are becoming increasingly integrated into daily life. This growing demand is driven by the need for improved communication, productivity, entertainment, and convenience, as well as the devices’ ability to adapt to changing consumer needs and lifestyles. Smart materials contribute to this by offering enhanced features, such as self-healing screens, flexible displays, energy-efficient components, and responsive adjustments to environmental changes, all of which improve durability, performance, and the user experience. For instance, in January 2023, LG, a South Korea-based electronics company, reported its highest-ever annual revenue in 2022, reflecting a 12.9% increase from the previous year. The company’s Home Appliance & Air Solution division alone saw a 10.3% revenue growth. As a result, the rising demand for consumer electronics is driving the growth of the smart materials market.

Companies within the smart materials market are working on developing innovative materials that utilize ultrasonic conversion and actuator technology, combined with filling polymers, to enhance performance and adaptability across various industrial and medical applications. Ultrasonic conversion involves transforming electrical energy into high-frequency mechanical vibrations, while actuator technology provides precise motion control by using these vibrations. This combination offers numerous advantages, including high efficiency, precision, fast response times, and low maintenance. These technologies are useful in industries such as medical technology, industrial automation, and diagnostics. For example, in May 2024, PI Ceramic GmbH, a Germany-based company specializing in advanced materials, introduced piezoceramic composites that embed piezoelectric ceramics in filling polymers using ultrasonic conversion and actuator technology. This approach enhances adaptability for applications such as high-intensity focused ultrasound, diagnostic imaging, and industrial uses such as flow rate metering and non-destructive testing, improving precision, sensitivity, and resolution.

In October 2023, Resonetics LLC, a US-based medical device manufacturer, acquired SAES Smart Materials Inc. for an undisclosed amount. This acquisition allows Resonetics to expand its expertise in nitinol materials and processing capabilities. By integrating Memry Corporation and SAES Smart Materials, Resonetics gains new facilities and advanced manufacturing techniques, as well as a dedicated Lightspeed Lab in Bethel, Connecticut. This move is aimed at accelerating innovation and improving prototyping. SAES Smart Materials Inc. is a company that specializes in manufacturing smart materials.

Major players in the smart materials market are Honeywell International Inc., 3M Company, Toray Industries Inc., Evonik Industries AG, TDK Corporation, DuPont de Nemours Inc., Arkema S.A., AMETEK Inc., Schott AG, Harris Corporation, CeramTec AG, CTS Corporation, SAES Getters S.p.A, Piezo Kinetics Inc., Laird Thermal Systems GmbH, PI Ceramic GmbH, Kyocera Corporation, APC International, LORD CorporationQinetiQ Group, Smart Material Corp.

North America was the largest region in the smart materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart materials report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Smart materials are advanced substances that can sense and respond dynamically to changes in their environment, such as variations in temperature, pressure, moisture, electric or magnetic fields, and chemical stimuli. These materials alter their physical properties, such as shape, color, stiffness, or conductivity, enabling them to adapt. They integrate functionalities that allow them to self-heal, change phase, or undergo controlled transformations in real-time, making them highly versatile for innovative applications.

The main product types of smart materials include piezoelectric materials, electro-rheostatic materials, magneto-rheostatic materials, shape memory materials, smart fluids, smart hydrogels, electrochromic materials, and others. Piezoelectric materials are substances that generate an electric charge when subjected to mechanical stress, enabling applications in sensors, actuators, and energy harvesting. These materials are used in various applications, such as transducers, actuators and motors, sensors, structural materials, coatings, and more. They are also employed by different end-users, including industries such as defense and aerospace, automotive, consumer electronics, healthcare, and others.

The smart materials market research report is one of a series of new reports that provides smart materials market statistics, including the smart materials industry global market size, regional shares, competitors with the smart materials market share, detailed smart materials market segments, market trends, and opportunities, and any further data you may need to thrive in the smart materials industry. This smart materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The smart materials market consists of sales of electroactive polymers, thermochromic materials, thermoelectric materials, self-healing materials, and phase change materials. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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