Smart_Materials Market with Focus on Emerging Technologies, Regional Trends, Competitive Landscape, Regional Analysis & Forecasts to 2023

The major factors driving the growth of smart materials market are the rising demand for sensors and actuators in consumer electronics, aerospace & defence, and consumer goods have propelled the demand Other aspects such as increasing demand of piezo-electric devices in the different end-user application is likely to trigger the smart materials market These devices are used in industries such as medical devices, robotics, information, automotive, information technology and telecommunication Further, bionics and flourishing artificial organ industry are likely to boost the smart materials market Artificial organs are made up of biomimetic materials with electronic components and systems that are integrated into the human body and act as a replacement for natural organ

The global smart materials market is expected to grow at a CAGR of approximately 14% during the forecast period 2017-2023


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