A shape memory alloy (SMA) is an alloy that "remembers" its original shape and that when deformed returns to its pre-deformed shape when heated. This material is a lightweight, solid-state alternative to conventional actuators such as hydraulic, pneumatic, and motor-based systems. Shape-memory alloys have applications in industries including Automotive, aerospace, and biomedical and robotics. Nickel-titanium alloys have been found to be the most useful of all SMAs. Other shape memory alloys include copper-aluminum-nickel, copper-zinc-aluminum, and iron-manganese-silicon alloys. The generic name for the family of nickel-titanium alloys is Nitinol.
LPI (LP Information)' newest research report, the “Shape Memory Alloys Industry Forecast” looks at past sales and reviews total world Shape Memory Alloys sales in 2022, providing a comprehensive analysis by region and market sector of projected Shape Memory Alloys sales for 2023 through 2029. With Shape Memory Alloys sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shape Memory Alloys industry.
This Insight Report provides a comprehensive analysis of the global Shape Memory Alloys lands cape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Shape Memory Alloys portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Shape Memory Alloys market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shape Memory Alloys and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Grade Phosphoric Acid.
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The global Shape Memory Alloys market size is projected to grow from US$ 757.2 million in 2022 to US$ 1377.2 million in 2029; it is expected to grow at a CAGR of 1377.2 from 2023 to 2029.
Global Shape Memory Alloys key players include Nitinol Devices & Components, SAES Getters, G.RAU GmbH & Co. KG, Fort Wayne Metals, ATI Wah-chang, etc. Global top five manufacturers hold a share over 45%.
North America is the largest market, with a share about 45%, followed by Europe, and Japan, both have a share over 30 percent.
In terms of product, Nickel-Titanium is the largest segment, with a share over 75%. And in terms of application, the largest application is Medical Applications, followed by Automotive, Aircraft Applications, Home Appliance, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Shape Memory Alloys market by product type, application, key manufacturers and key regions and countries.
Top Manufactures in Global Shape Memory Alloys Includes:
Nitinol Devices & Components
SAES Getters
G.RAU GmbH & Co. KG
ATI Wah-chang
Johnson Matthey
Fort Wayne Metals
Furukawa Electric
Nippon Steel & Sumitomo Metal
Nippon Seisen
Metalwerks PMD
Ultimate NiTi Technologies
Dynalloy
Grikin
PEIER Tech
Saite Metal
Smart
Baoji Seabird Metal
GEE
Market Segment by Type, covers:
Nickel-Titanium
Copper Based
Fe Based
Others
Market Segment by Applications, can be divided into:
Medical Applications
Aircraft Applications
Automotive
Home Appliance
Others
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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