The global market for smart materials in 2010 was $19.6 billion. BCC expects the market to approach $22 billion in 2011 and pass $40 billion by 2016, a compound annual growth rate (CAGR) of 12.8% between 2011 and 2016.
Learn about the principal applications for each type of smart material (including commercial, industrial, medical, research and military applications) and get estimates of the current and projected worldwide market for each type of smart material and application through 2016…
Use this report to:
- Understand the principal applications for each type of smart material (including commercial, industrial, medical, research and military applications) and assess global markets for these products
- Examine the market impact of new materials and applications that are likely to be introduced in the next 5 years
- Identify trends and likely application(s) for current and emerging types of smart materials as the basis for developing marketing strategies
- Perform a competitive analysis of the manufacturers of smart materials and smart material-based products that are most likely to benefit from emerging trends in the field.
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