Global Smart Materials Market Growth 2025-2031

Global Smart Materials Market Growth 2025-2031

The global Smart Materials market size is predicted to grow from US$ 4505 million in 2025 to US$ 6244 million in 2031; it is expected to grow at a CAGR of 5.6% from 2025 to 2031.

Smart materials are the basis of many applications, including sensors and actuators, or artificial muscles, particularly as electroactive polymers (EAPs). Terms used to describe smart materials include shape memory material (SMM) and shape memory technology (SMT).

The key players of Smart Materials include Gentex Corporation, Saint-Gobain, L3Harris and Johnson Matthey. The top four manufacturers hold approximately 38% of the global market share,.

In terms of product type, Electrochromic Materials is the largest segment, with a share of 33%. And in terms of application, Automobile has a share about 39 percent.

LP Information, Inc. (LPI) ' newest research report, the “Smart Materials Industry Forecast” looks at past sales and reviews total world Smart Materials sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Materials sales for 2025 through 2031. With Smart Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Materials industry.

This Insight Report provides a comprehensive analysis of the global Smart Materials landscape 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 Smart Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Materials 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 Smart Materials.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Materials market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Piezoelectric Materials
Electrochromic Materials
Thermochromic Materials
Shape Memory Alloy
Shape Memory Polymers
Others

Segmentation by Application:
Biomedical Industry
Automobile
Electronic Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Gentex Corporation
Saint-Gobain
L3Harris
Johnson Matthey
Murata Manufacturing
Piezo Kinetics
Kyocera
Solvay
G.RAU
View Smart Windows
Arkema
CTS Corporation
LCR Hallcrest
Fort Wayne Metals
ATI
SAES Getters
ChromoGenics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Materials market?

What factors are driving Smart Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Materials market opportunities vary by end market size?

How does Smart Materials break out by Type, by Application?