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The shape memory alloy (SMA) market is forecasted to grow by USD 2.63 billion during 2023-2028, accelerating AT a CAGR of 10.87% during the forecast period. The report on the shape memory alloy (SMA) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by biocompatibility of nitinol, growing application areas of shape memory alloys, and increasing use by R&D institutions in aerospace and defense and consumer products.
The shape memory alloy (SMA) market is segmented as below:
By Application
- Biomedical
- Automotive
- A and D
- Others
By Type
- Nickel-titanium
- Copper-based
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the shape memory alloy (SMA) market covers the following areas:
- Shape memory alloy (SMA) market sizing
- Shape memory alloy (SMA) market forecast
- Shape memory alloy (SMA) market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global shape memory alloy (sma) market: Allegheny Technologies Inc., Boston Centerless Inc., Confluent Medical Technologies, DYNALLOY Inc, EUROFLEX GmbH, Fort Wayne Metals Research Products LLC, Furukawa Electric Co. Ltd., Hangzhou Ualloy Material Co. Ltd., Johnson Matthey Plc, LB Officine Meccaniche Spa, M and T (Taiwan) Co. Ltd., Metalwerks Inc., Nanoshel LLC, Nippon Seisen Co. Ltd, Nippon Steel Corp., Precision Castparts Corp., ResearchGate GmbH, SAES Getters Spa, and Sea Bird Scientific.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is development of shape memory alloys with high fatigue life."
According to the report, one of the major drivers for this market is the biocompatibility of nitinol.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Allegheny Technologies Inc.
- Boston Centerless Inc.
- Confluent Medical Technologies
- DYNALLOY Inc
- EUROFLEX GmbH
- Fort Wayne Metals Research Products LLC
- Furukawa Electric Co. Ltd.
- Hangzhou Ualloy Material Co. Ltd.
- Johnson Matthey Plc
- LB Officine Meccaniche Spa
- M and T (Taiwan) Co. Ltd.
- Metalwerks Inc.
- Nanoshel LLC
- Nippon Seisen Co. Ltd
- Nippon Steel Corp.
- Precision Castparts Corp.
- ResearchGate GmbH
- SAES Getters Spa
- Sea Bird Scientific
