Global Smart Materials Market to Soar at 12.5% CAGR Till 2020 Due to Rising Demand from Various End-Use Industries
The global smart materials market was worth more than US$27.7 bn and by 2020, it is expected to be worth over US$63.2 bn.The global smart materials market is driven by the rising popularity of piezoelectric devices. These devices serve various markets such as industrial equipment, security and defense, aerospace, automotive, medical, commercial sonar, power generation and flow monitoring, and home goods. Furthermore, the rapidly expanding artificial organ and bionics industry will also fuel the overall smart materials market. Players in...
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