Shape Memory Alloys Market by Type (Nitinol, Copper based, Iron-Manganese-Silicon), End-use Industry (Biomedical, Aerospace & Defense, Automotive, Consumer Electronics, and Home appliances) and Region - Global Forecast to 2026
Shape Memory Alloys Market
The global shape memory alloys market is estimated to be valued at USD 11.0 billion in 2021 and is projected to reach USD 18.8 billion by 2026, growing at a cagr 11.2% from 2021 to 2026. The SMAs market growth is highly ascribed to increasing demand for SMAs in the manufacturing of biomedical devices; surgical instruments; aircraft components; automotive actuators; and consumer electronics. The major region for the SMAs market in North America, due to the tremendous demand for biomedical device manufacturing. Market growth is attributed to the growing demand for high-quality, and life-saving medical equipment with better automotive & aircraft components. The physical characteristics of SMAs are promoting their use in different end-use applications. Still, the high price of an implanted device, which is the major application of SMAs, is the key challenge to the growth of the market.
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COVID-19 Impact on the Global Shape Memory Alloy Market
The outbreak of the COVID-19 wrought havoc on the world economy. The world economy entered recession due to this pandemic, with the confinement of international borders and closure of economic activities across countries against the spread of COVID-19. The IMF cautioned of a total output loss of USD 9 trillion in the world economy between 2020 and 2021. The extent of economic damage still depends on how the virus spreads throughout the US, Europe, and other large economies.
Shape Memory Alloys Market Dynamics
Driver: Ever-increasing adoption, and aging population of biomedical implants to spur the demand
SMAs are extensively used in biomedical applications, especially in medical implants, due to their biological compatibility. The recovery process after implant surgery is dependent on the mechanical properties of the implant materials. Nitinol SMAs are widely accepted for medical implants due to their characteristics such as consistency of stress, kink resistance, better elasticity, and resistance to corrosion.
The rise in the aging population and the spread of chronic diseases have boosted the demand for life-saving medical implants. Reduction in fertility rate and longer life expectancy rate increase the aging population. According to the United Nations, by 2050, 1 in 6 people in the world will be over 65 years of age compared to 1 in 11 in 2019. Elderly persons are more susceptible to orthopedic, and cardiovascular conditions due to age-related physical changes. Given the fact that surgical procedures are regarded as an effective therapy option for most of these conditions, the growth in elderly patients is resulting in a higher demand for surgical procedures.
Restrain: Availability of substitutes and Rising cost of raw materials
Raw materials of SMAs are metals such as aluminum, nickel, titanium, and copper. Prices of these metals are constantly increasing. These alloys are widely used in the health care industry for biomedical implants and surgical tools. Still, for many applications in the automotive, biomedical, and consumer electronics industries, stainless steel is preferable to SMAs owing to its high prices of these and the presence of similar properties. Consequently, the increasing cost of raw materials and the availability of substitutes are curbing the growth of the SMAs market.
Challenges: Effect of a pandemic on the actuator market
The COVID-19 outbreak has triggered disturbances in the global supply chain and business processes. Major industries utilizing SMAs, such as aerospace & defense, automotive, consumer electronics & home appliances, have been crushed negatively by the COVID-19 pandemic outbreak. Apart from the biomedical sector, nearly all industries witnessed a downfall. Also, the imposition of lockdowns and quarantine regulations in India, Canada, and European countries have disturbed the normal flow of business, sales, demand for new projects, and revenue in major industries, including aviation, automotive, and oil & gas.
Opportunities: Growth of the consumer electronics industry
Consumer electronics & home appliances are one of the most rapidly growing end-use industries of SMAs. SMAs are used widely in manufacturing rice cookers, air conditioners, coffee makers, cameras, personal accessories, minidisc recorders, and cellular phones. These alloys are favored due to their better elasticity, long fatigue life, and corrosion resistance. They are mainly used as actuators and sensors in various applications in electrical equipment and household applications.
- They are used as fasteners for high-density circuit board connections
- In cameras, they are being used as a lock switch actuator
- In cellular phones, they are used in the manufacture of cellular phone antennas
- They are used for personal accessories such as Brassiere underwires, eyeglass frames, shoulder pad wires
Shape Memory Alloys Market Ecosystem
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“Nitinol segment to drive the shape memory alloys market in 2020”
The Nitinol segment has the biggest share in the overall shape memory alloys market. The considerably growing biomedical industry, particularly for medical implants, leads the demand for nitinol SMAs. These SMAs are being used in the form of sheets, wires, rods, and ribbons.
“The biomedical end-use segment is the major segment of shape memory alloys”
The biomedical segment was the major end-use industry of SMAs, followed closely by the aerospace & defense segment. Applications of SMAs in the automotive industry will increase as the EV market is gaining momentum. SMAs are also widely dental applications for the production of orthodontic wires due to their shape memory properties, super-elasticity, high toughness, and resistance to corrosion. Still, due to the COVID-19 pandemic in 2020, and social distancing norms, only basic services remain open. Oral dentists have been impacted due to the restrictions imposed by the governments. Consequently, the requirements for the SMAs dental use declined in 2020.
“North America accounted for the major share of the shape memory alloys market during the forecast period”
North America accounted for the biggest share in the worldwide shape memory alloys market, in terms of both value and volume, from 2021 to 2026. The underlying growth of the North American market is fuelled by capacity expansion, and new product development strategies adopted by the top players in this region. Furthermore, the region leads the market for SMAs in the biomedical end-use industry due to increased demand for transplantation. The US is the major economy to dominate the market, followed up by Canada, in the region.
Shape Memory Alloys Market Players
The worldwide shape memory alloys market comprises major manufacturers such as SAES Getters (Italy), ATI Specialty Alloys & Components (US), Furukawa Electric Co., Ltd (Japan), Nippon Steel & Sumitomo Metal (Japan), and Johnson Matthey (UK). Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the shape memory alloys market.
Shape Memory Alloys Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2021 |
USD 11.0 billion |
|
Revenue Forecast in 2026 |
USD 18.8 billion |
|
CAGR |
11.2% |
|
Market size available for years |
2019-2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021-2026 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
Type, End-Use Industry, and Region |
|
Geographies covered |
North America, Asia Pacific, Europe, South America, and Middle East & Africa |
|
Companies covered |
SAES Getters (Italy), ATI Specialty Alloys & Components (US), Furukawa Electric Co., Ltd (Japan), Nippon Steel & Sumitomo Metal (Japan), Johnson Matthey (UK), Fort Wayne Metals (US), Nippon Seisen co. ltd. (Japan), Xian Saite Metal Materials Development Company Limited (China) are the top 8 manufacturers are covered in the shape memory alloys market. |
This research report categorizes the shape memory alloys market based on type, end-use industry, and region.
Shape Memory Alloys Market, By Type
- Nickel-Titanium (Nitinol)
- Copper-based
- Fe-Mn-Si
- Others
Shape Memory Alloys Market, By End Use Industry
- Biomedical
- Aerospace & Defence
- Automotive
- Consumer Electronics & Home Appliances
- Others
Shape Memory Alloys Market, By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Recent Developments
- In July 2018, ATI acquired the assets of Addaero Manufacturing (headquartered in Connecticut, US) for USD 10.0 million. Addaero Manufacturing is a metal alloy-based additive manufacturer for the aerospace & defense industry.
- In January 2018, ATI announced a 50–50 joint venture with a subsidiary Tsingshan Group (US) to produce 60-inch-wide stainless sheet products for sale in North America. This joint venture will increase ATI’s sustainable development in the North American market.
- In January 2018, ATI has signed two long-term agreements with General Dynamics Land Systems Inc. (US) to be a leading supplier of titanium plates for use in next-generation military vehicles.
Upcoming Changes
This new version of the report on the shape memory alloys market includes the following changes.
- Market size from 2019 to 2021, base year: 2020, forecast period: 2021–2026
- Updated financial information till 2020 (depending on the availability) for each listed company, which helps in easy analysis of the present status of the profiled companies in terms of their financial strength, profitability, key revenue-generating regions/countries, and the highest revenue-generating business segments
- Profile of 25 companies, along with additional information on winning imperatives, right to win, and key strategies adopted by them.
- The updated product portfolio of companies profiled in the report
- Recent developments that help assess market trends and growth strategies adopted by the leading players in the market
- Information related to ecosystem, technology analysis, regulatory landscape, value chain analysis, forecasting factors impacting the growth, YC & YCC shift, COVID-19 impact analysis, macroeconomic indicators, patent analysis, market size based on three scenarios—optimistic, realistic, and pessimistic, and case study analysis
- Market share of the top companies, company evaluation quadrant of the shape memory alloy manufacturing companies, and revenue analysis of top players
- Market size estimated after considering the impact of COVID-19 across the supply chain and a detailed analysis of the impact of COVID-19 on each market segment
-
New sections for a comprehensive analysis:
- Impact Analysis of Forecasting Factors and COVID-19
- YC and YCC Shift
- Patent Analysis
- Pricing Analysis
- Supply Chain Analysis
- Ecosystem Maps
- Technology Mapping
- Industry Experts’ Key Insights
- Macroeconomic Indicators
- Regulatory Landscape
- Comprehensive Analysis of Industrial Segment
- Key Players’ Market Share and Ranking
- Company Evaluation Matrix
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 32)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
TABLE 1 INCLUSIONS AND EXCLUSIONS
FIGURE 1 SHAPE MEMORY ALLOYS MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 37)
2.1 RESEARCH DATA
FIGURE 2 SHAPE MEMORY ALLOYS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 SUPPLY-SIDE APPROACH: ASCERTAINING THE SHARE OF TOP PLAYERS IN THE GLOBAL MARKET,
FIGURE 3 APPROACH 1: SUPPLY SIDE, 2019
2.2.2 DEMAND-SIDE APPROACH: BASED ON ASSESSMENT BY TYPE AND ITS SHARE IN THE GLOBAL MARKET
FIGURE 4 APPROACH 2: BASED ON TYPE DEMAND ESTIMATE, 2019
2.2.3 RELATED MARKET APPROACH: BASED ON ASSESSMENT BY SHARE OF SHAPE MEMORY ALLOYS IN SMART MATERIAL MARKET
FIGURE 5 APPROACH 3: BASED ON THE SHARE FROM THE PARENT MARKET
2.3 DATA TRIANGULATION
FIGURE 6 SHAPE MEMORY ALLOYS MARKET: DATA TRIANGULATION
2.3.1 ASSUMPTIONS
2.3.2 LIMITATIONS
2.3.3 GROWTH RATE ASSUMPTIONS
2.4 FORECAST FACTOR IMPACTING GROWTH
FIGURE 7 FORECAST FACTOR IMPACTING GROWTH
3 EXECUTIVE SUMMARY (Page No. - 46)
FIGURE 8 NITINOL SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE MARKET IN 2020
FIGURE 9 PREFERENCE OF SHAPE MEMORY ALLOYS, TYPE VS. END-USE INDUSTRY
FIGURE 10 BIOMEDICAL END-USE INDUSTRY ACCOUNTED FOR THE LARGEST SHARE OF THE MARKET IN 2020
FIGURE 11 NORTH AMERICA WAS THE LARGEST SHAPE MEMORY ALLOY MARKET IN 2020
TABLE 2 MAJOR PLAYERS PROFILED IN THIS REPORT
4 PREMIUM INSIGHTS (Page No. - 51)
4.1 SIGNIFICANT OPPORTUNITIES IN SHAPE MEMORY ALLOYS MARKET
FIGURE 12 BIOMEDICAL AND AEROSPACE & DEFENSE INDUSTRIES TO OFFER MARKET GROWTH OPPORTUNITIES
4.2 NORTH AMERICA: SHAPE MEMORY ALLOYS MARKET, BY END-USE INDUSTRY AND COUNTRY, 2020
FIGURE 13 US AND BIOMEDICAL SEGMENT ACCOUNTED FOR THE LARGEST SHARES
4.3 SHAPE MEMORY ALLOYS MARKET, BY TYPE
FIGURE 14 NITINOL (NITI) TO DOMINATE THE OVERALL SHAPE MEMORY ALLOYS MARKET, 2021–2026
4.4 SHAPE MEMORY ALLOYS MARKET, BY END-USE INDUSTRY
FIGURE 15 BIOMEDICAL TO DOMINATE THE OVERALL SHAPE MEMORY ALLOYS MARKET, 2021–2026
4.5 SHAPE MEMORY ALLOYS MARKET, BY COUNTRY
FIGURE 16 CHINA TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SHAPE MEMORY ALLOYS MARKET
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Aging population and growing adoption of biomedical implants across the globe
TABLE 3 WORLD POPULATION AGING, 2019
5.2.1.2 Increasing investment in the aerospace & defense industry
TABLE 4 MILITARY EXPENDITURE, BY REGION, USD BILLION, 2018-2020
5.2.1.3 Increased utilization of nitinol-based SMAs in various end-use industries
5.2.1.4 Increasing penetration of SMAs in the automotive industry
5.2.2 RESTRAINTS
5.2.2.1 Rising cost of raw materials and availability of substitutes
FIGURE 18 LME NICKEL HISTORICAL PRICE (USD PER TONNE)
5.2.2.2 High cost of metal implants
5.2.3 OPPORTUNITIES
5.2.3.1 Growth of the consumer electronics industry
5.2.3.2 Rapid industrialization and growing adoption of industrial and service robots
5.2.4 CHALLENGES
5.2.4.1 Pandemic and its effect on the actuator market
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 19 SHAPE MEMORY ALLOYS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 INTENSITY OF COMPETITIVE RIVALRY
5.3.4 THREAT OF NEW ENTRANTS
5.3.5 THREAT OF SUBSTITUTES
TABLE 5 SHAPE MEMORY ALLOYS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.4 MACROECONOMIC INDICATORS
TABLE 6 GDP GROWTH PROJECTION WORLDWIDE
TABLE 7 GLOBAL AUTOMOBILE PRODUCTION (UNITS), BY COUNTRY
TABLE 8 GLOBAL HEALTH SPENDING (USD PER CAPITA), BY COUNTRY, 2018-2020
FIGURE 20 SHARE OF GLOBAL MILITARY EXPENDITURE OF 15 COUNTRIES WITH THE HIGHEST SPENDING IN 2020
5.5 VALUE CHAIN ANALYSIS
FIGURE 21 VALUE CHAIN ANALYSIS OF SHAPE MEMORY ALLOYS MARKET
5.5.1 DISRUPTION DUE TO COVID-19
5.6 REGULATORY LANDSCAPE
5.7 ECOSYSTEM MARKET MAP
5.8 YC, YCC SHIFT
FIGURE 22 YCC SHIFT: YOUR CLIENTS’ CLIENTS’ SHIFT IN IMPERATIVES & OUTCOMES IN BIOMEDICAL AND AEROSPACE INDUSTRY TRENDS WILL BRING IN CHANGE IN FUTURE REVENUE MIX!!
5.8.1 YC SHIFT
5.8.2 YCC SHIFT
5.9 AVERAGE PRICE ANALYSIS
FIGURE 23 WEIGHTED AVERAGE PRICING ANALYSIS (USD/KG) OF SHAPE MEMORY ALLOYS, BY REGION, 2020
5.10 SCENARIO ANALYSIS OF SHAPE MEMORY ALLOYS MARKET
FIGURE 24 SHAPE MEMORY ALLOYS MARKET, IN TERMS OF VALUE, BY SCENARIO ANALYSIS, 2019–2026 (USD MILLION)
5.11 TECHNOLOGY ANALYSIS
5.11.1 SHAPE MEMORY ALLOY PRODUCTION PROCESS
5.11.1.1 Vacuum arc melting
5.11.1.2 Vacuum Induction Melting (VIM)
5.11.2 TYPE OF SHAPE MEMORY EFFECT
5.11.2.1 One-way memory effect
5.11.2.2 Two-way memory effect
5.12 COVID-19 IMPACT
5.12.1 COVID-19 ECONOMIC ASSESSMENT
5.12.2 MAJOR ECONOMIC EFFECT OF COVID-19
5.12.3 EFFECTS ON GDP OF COUNTRIES
FIGURE 25 PRE & POST-COVID ANALYSIS OF SHAPE MEMORY ALLOY DEMAND
5.13 CASE STUDY
5.13.1 SHAPE MEMORY ALLOYS IN SPACE APPLICATIONS
5.13.2 SHAPE MEMORY ALLOYS IN MEDICAL DEVICE APPLICATIONS
5.14 PATENT ANALYSIS
5.14.1 INTRODUCTION
5.14.2 METHODOLOGY
5.14.3 DOCUMENT TYPE
FIGURE 26 NUMBER OF PATENTS IN THE LAST 10 YEARS
5.14.4 PUBLICATION TRENDS - LAST 10 YEARS
FIGURE 27 NUMBER OF PATENTS PUBLISHED YEAR-WISE
5.14.5 INSIGHTS
5.14.6 JURISDICTION ANALYSIS
FIGURE 28 PATENT ANALYSIS, BY TOP JURISDICTIONS
5.14.7 TOP COMPANIES/APPLICANTS
FIGURE 29 TOP 10 COMPANIES/APPLICANTS WITH THE HIGHEST NUMBER OF PATENTS
TABLE 9 LIST OF PATENTS BY THE BOEING COMPANY
TABLE 10 LIST OF PATENTS BY CAMBRIDGE MECHATRONICS LTD
TABLE 11 LIST OF PATENTS BY GM GLOBAL TECH OPERATIONS INC.
TABLE 12 LIST OF PATENTS BY GENERAL ELECTRIC COMPANY
TABLE 13 TOP 10 PATENT OWNERS (US) IN LAST 10 Y EARS
6 SHAPE MEMORY ALLOYS MARKET, BY TYPE (Page No. - 84)
6.1 INTRODUCTION
FIGURE 30 NITINOL TO BE THE LARGEST TYPE OF SHAPE MEMORY ALLOYS
TABLE 14 SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 15 MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
6.2 NITINOL(NITI)
6.2.1 DEMAND IS HIGH DUE TO ITS SUPER ELASTIC PROPERTY
TABLE 16 NITINOL (NITI) SHAPE MEMORY ALLOY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 17 NITINOL (NITI) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3 COPPER BASED
6.3.1 BEING A COST-EFFECTIVE ALTERNATIVE TO NITINOL SMAS, COPPER-BASED SMAS ARE GAINING TRACTION ACROSS SEVERAL INDUSTRIES
TABLE 18 COPPER-BASED SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 19 COPPER-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.4 IRON-MANGANESE-SILICON (FE-MN-SI)
6.4.1 FE-MN-SI ALLOYS ARE EXPECTED TO REGISTER STEADY GROWTH THROUGHOUT THE FORECAST PERIOD
TABLE 20 IRON-MANGANESE-SILICON SHAPE MEMORY ALLOY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 21 IRON-MANGANESE-SILICON MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.5 OTHERS
TABLE 22 OTHER SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 23 OTHER MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7 SHAPE MEMORY ALLOYS MARKET, BY END-USE INDUSTRY (Page No. - 90)
7.1 INTRODUCTION
TABLE 24 APPLICATIONS OF SHAPE MEMORY ALLOYS IN END-USE INDUSTRIES
FIGURE 31 BIOMEDICAL TO BE THE LARGEST END-USE INDUSTRY SEGMENT OF THE MARKET
TABLE 25 SHAPE MEMORY ALLOYS MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 26 MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
7.2 BIOMEDICAL
7.2.1 GROWING ADOPTION OF SMA-BASED SURGICAL IMPLANTS ACROSS THE GLOBE TO SUPPORT MARKET GROWTH
TABLE 27 BIOMEDICAL: SHAPE MEMORY ALLOY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 28 BIOMEDICAL: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.3 AEROSPACE & DEFENSE
7.3.1 RECOVERY OF AEROSPACE INDUSTRY FROM THE REPERCUSSIONS OF COVID-19 TO BOOST THE MARKET
TABLE 29 COVID-19 IMPACT ON PASSENGER NUMBER AND PASSENGER REVENUE
7.3.1.1 Reduced global demand for Maintenance, Repair, and Overhaul (MRO) due to COVID-19
TABLE 30 AEROSPACE & DEFENSE: SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 31 AEROSPACE & DEFENSE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.4 AUTOMOTIVE
7.4.1 INCREASING AUTOMOBILE PRODUCTION AND USAGE OF SMAS IN PARTS/COMPONENT MANUFACTURING TO LEAD TO MARKET GROWTH
FIGURE 32 PASSENGER CAR MARKET TREND INDEX (2019=100)
TABLE 32 VEHICLE PRODUCTION DATA, BY COUNTRY, 2019–2020
TABLE 33 AUTOMOTIVE: SHAPE MEMORY ALLOY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 34 AUTOMOTIVE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.5 CONSUMER ELECTRONICS & HOME APPLIANCES
7.5.1 HEALTHY GROWTH OF CONSUMER ELECTRONICS AND INCREASING PER-CAPITA SPENDING ACROSS THE GLOBE TO SUPPORT MARKET GROWTH
TABLE 35 CONSUMER ELECTRONICS & HOME APPLIANCES: SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 36 CONSUMER ELECTRONICS & HOME APPLIANCES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.6 OTHERS
TABLE 37 OTHERS: SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 38 OTHERS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8 GLOBAL SHAPE MEMORY ALLOYS MARKET, BY REGION (Page No. - 101)
8.1 INTRODUCTION
FIGURE 33 REGIONAL SNAPSHOT: RAPIDLY GROWING MARKETS ARE EMERGING AS NEW HOTSPOTS
TABLE 39 SHAPE MEMORY ALLOY MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 40 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8.2 NORTH AMERICA
FIGURE 34 NORTH AMERICA: SHAPE MEMORY ALLOYS MARKET SNAPSHOT
TABLE 41 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 42 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 43 NORTH AMERICA: MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 44 NORTH AMERICA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 45 NORTH AMERICA: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 46 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.2.1 US
8.2.1.1 Growing investment in biomedical and aerospace & defense industries to support market growth
FIGURE 35 TOP A&D PRODUCT EXPORT DESTINATION, 2019
FIGURE 36 US: PASSENGER CAR PRODUCTION, 2015-2020
TABLE 47 US: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 48 US: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 49 US: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 50 US: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.2.2 CANADA
8.2.2.1 Increasing healthcare expenditure and count of implant surgeries to drive the market
TABLE 51 CANADA: SHAPE MEMORY ALLOY MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 52 CANADA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 53 CANADA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 54 CANADA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.2.3 MEXICO
8.2.3.1 Increasing investment in the automotive industry to drive the market
FIGURE 37 MEXICO: PASSENGER CAR PRODUCTION, 2017-2020
TABLE 55 MEXICO: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 56 MEXICO: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 57 MEXICO: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 58 MEXICO: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.3 EUROPE
TABLE 59 EUROPE: SHAPE MEMORY ALLOY MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 60 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 61 EUROPE: MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 62 EUROPE: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 63 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 64 EUROPE: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.3.1 GERMANY
8.3.1.1 Increasing healthcare spending and R&D research in the country to propel the market
FIGURE 38 GERMANY: AUTOMOBILE PRODUCTION AND EXPORT, 2018-2021
TABLE 65 GERMANY: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 66 GERMANY: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 67 GERMANY: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 68 GERMANY: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.3.2 FRANCE
8.3.2.1 The government initiatives to promote the automotive industry to drive the market
FIGURE 39 FRANCE: AUTOMOBILE PRODUCTION, 2017-2020
TABLE 69 FRANCE: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 70 FRANCE: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 71 FRANCE: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 72 FRANCE: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.3.3 UK
8.3.3.1 Expected recovery of the manufacturing sector from the repercussion of COVID-19 to drive the market
FIGURE 40 UK: TOTAL AUTOMOBILE PRODUCTION, 2017-2020
TABLE 73 UK: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 74 UK: MARKET SIZE, BY TYPE,2021–2026 (USD MILLION)
TABLE 75 UK: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 76 UK: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.3.4 ITALY
8.3.4.1 Government initiative to promote automotive and aerospace industries in the country to boost the demand
FIGURE 41 ITALY: AUTOMOBILE PRODUCTION, 2017-2020
TABLE 77 ITALY: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 78 ITALY: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 79 ITALY: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 80 ITALY: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.3.5 SPAIN
8.3.5.1 Significant recovery of the economy and the automotive industry to drive the market
FIGURE 42 SPAIN: TOTAL AUTOMOBILE PRODUCTION, 2017-2020
TABLE 81 SPAIN: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 82 SPAIN: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 83 SPAIN: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 84 SPAIN: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.3.6 REST OF EUROPE
TABLE 85 REST OF EUROPE: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 86 REST OF EUROPE: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 87 REST OF EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 88 REST OF EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.4 APAC
FIGURE 43 APAC: SHAPE MEMORY ALLOYS MARKET SNAPSHOT
TABLE 89 APAC: MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 90 APAC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 91 APAC: MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 92 APAC: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 93 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 94 APAC: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.4.1 CHINA
8.4.1.1 Double-digit growth of medical & healthcare industry in the country to provide an impetus for market growth
FIGURE 44 CHINA: PASSENGER CAR PRODUCTION, 2017-2020
TABLE 95 CHINA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 96 CHINA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 97 CHINA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 98 CHINA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.4.2 INDIA
8.4.2.1 Healthy growth of medical & healthcare industry and increasing FDI investment in the country will boost the market in the upcoming years
FIGURE 45 INDIA: PASSENGER CAR PRODUCTION, 2017-2020
FIGURE 46 CURRENT HEALTH EXPENDITURE PER CAPITA (CURRENT USD), 2016 - 2019
TABLE 99 INDIA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 100 INDIA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 101 INDIA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 102 INDIA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.4.3 JAPAN
8.4.3.1 Aging population, coupled with a significant production capacity of biomedical implants, to drive the market
FIGURE 47 JAPAN: AUTOMOBILE PRODUCTION, 2017-2020
TABLE 103 JAPAN: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 104 JAPAN: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 105 JAPAN: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 106 JAPAN: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.4.4 SOUTH KOREA
8.4.4.1 Increasing automobile manufacturing to push demand for SMAs during the forecast period
TABLE 107 SOUTH KOREA: STATUS OF COMPANIES IN THE AVIATION INDUSTRY, BY AREA
TABLE 108 SOUTH KOREA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 109 SOUTH KOREA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 110 SOUTH KOREA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 111 SOUTH KOREA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.4.5 TAIWAN
8.4.5.1 Development in consumer electronics and home appliances to drive the market
TABLE 112 TAIWAN: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 113 TAIWAN: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 114 TAIWAN: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 115 TAIWAN: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.4.6 REST OF APAC
TABLE 116 REST OF APAC: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 117 REST OF APAC: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 118 REST OF APAC: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 119 REST OF APAC: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.5 SOUTH AMERICA
TABLE 120 SOUTH AMERICA: SHAPE MEMORY ALLOYS MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 121 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 122 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 123 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 124 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 125 SOUTH AMERICA: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.5.1 BRAZIL
8.5.1.1 The government’s initiative to support the automotive industry will drive the SMAs demand
FIGURE 48 BRAZIL: TOTAL VEHICLE PRODUCTION, 2017-2020
TABLE 126 BRAZIL: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 127 BRAZIL: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 128 BRAZIL: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 129 BRAZIL: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.5.2 ARGENTINA
8.5.2.1 Increasing passenger car sales to boost the market
TABLE 130 ARGENTINA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 131 ARGENTINA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 132 ARGENTINA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 133 ARGENTINA: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.5.3 REST OF SOUTH AMERICA
TABLE 134 REST OF SOUTH AMERICA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 135 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 136 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 137 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.6 MIDDLE EAST & AFRICA
TABLE 138 MIDDLE EAST & AFRICA: SHAPE MEMORY ALLOYS MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 139 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 140 MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 141 MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 142 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 143 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.6.1 SAUDI ARABIA
8.6.1.1 Vision 2030 and other government plans to boost the automotive industry
FIGURE 49 SAUDI ARABIA: BUDGET EXPENDITURE, BY SECTOR, 2020
TABLE 144 SAUDI ARABIA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 145 SAUDI ARABIA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 146 SAUDI ARABIA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 147 SAUDI ARABIA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.6.2 ISRAEL
8.6.2.1 Increasing healthcare spending to drive the shape memory alloys market
TABLE 148 ISRAEL: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 149 ISRAEL: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 150 ISRAEL: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 151 ISRAEL: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.6.3 REST OF MIDDLE EAST & AFRICA
TABLE 152 REST OF MIDDLE EAST & AFRICA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 153 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 154 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
TABLE 155 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9 COMPETITIVE LANDSCAPE (Page No. - 161)
9.1 KEY PLAYER STRATEGIES/ RIGHT TO WIN
FIGURE 50 ACQUISITION IS THE KEY STRATEGY ADOPTED BY PLAYERS BETWEEN 2018 AND 2021
9.2 MARKET SHARE ANALYSIS
FIGURE 51 MARKET SHARE OF KEY PLAYERS, 2020
9.3 COMPANY EVALUATION QUADRANT
9.3.1 STAR
9.3.2 PERVASIVE
9.3.3 EMERGING LEADER
9.3.4 PARTICIPANT
FIGURE 52 SHAPE MEMORY ALLOYS MARKET: COMPANY EVALUATION MATRIX, 2020
9.3.4.1 Company Product Footprint
FIGURE 53 COMPANY FOOTPRINT BY END-USE INDUSTRY
9.4 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
9.4.1 DYNAMIC COMPANIES
9.4.2 STARTING BLOCKS
FIGURE 54 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2020
9.5 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
FIGURE 55 RANKING ANALYSIS OF TOP FIVE PLAYERS IN SHAPE MEMORY ALLOYS MARKET, 2020
9.6 COMPETITIVE SCENARIO AND TRENDS
9.6.1 SHAPE MEMORY ALLOYS MARKET: DEALS, 2018-2021
10 COMPANY PROFILES (Page No. - 170)
10.1 KEY PLAYERS
(Business Overview, Product/ Solution/ Service Offered, Recent Developments, Winning Imperatives, MNM View, Key strengths/ Right to win, Strategic choices made, and Weaknesses and competitive threats)*
10.1.1 ATI SPECIALTY ALLOYS & COMPONENTS
TABLE 156 ATI SPECIALTY ALLOYS & COMPONENTS: BUSINESS OVERVIEW
FIGURE 56 ATI SPECIALTY ALLOYS & COMPONENTS: COMPANY SNAPSHOT
TABLE 157 ATI SPECIALTY ALLOYS & COMPONENTS: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
TABLE 158 ATI SPECIALTY ALLOYS & COMPONENTS: DEALS
FIGURE 57 ATI SPECIALTY ALLOYS & COMPONENTS CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
10.1.2 SAES GETTERS S.P.A.
TABLE 159 SAES GETTERS S.P.A.: BUSINESS OVERVIEW
FIGURE 58 SAES GETTERS S.P.A.: COMPANY SNAPSHOT
TABLE 160 SAES GETTERS S.P.A.: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
FIGURE 59 SAES GETTERS S.P.A.’S CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
10.1.3 JOHNSON MATTHEY PLC
TABLE 161 JOHNSON MATTHEY: BUSINESS OVERVIEW
FIGURE 60 JOHNSON MATTHEY: COMPANY SNAPSHOT
TABLE 162 JOHNSON MATTHEY: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
FIGURE 61 JOHNSON MATTHEY PLC’S CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
10.1.4 NIPPON STEEL & SUMITOMO METAL
TABLE 163 NIPPON STEEL & SUMITOMO METAL: BUSINESS OVERVIEW
FIGURE 62 NIPPON STEEL & SUMITOMO METAL: COMPANY SNAPSHOT
TABLE 164 NIPPON STEEL & SUMITOMO METAL: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
TABLE 165 NIPPON STEEL & SUMITOMO METAL: DEALS
FIGURE 63 NIPPON STEEL & SUMITOMO METAL’S CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
10.1.5 FURUKAWA ELECTRIC CO., LTD
TABLE 166 FURUKAWA ELECTRIC COMPANY : BUSINESS OVERVIEW
FIGURE 64 FURUKAWA ELECTRIC CO., LTD: COMPANY SNAPSHOT
TABLE 167 FURUKAWA ELECTRIC COMPANY: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
TABLE 168 FURUKAWA ELECTRIC COMPANY: DEALS
FIGURE 65 FURUKAWA ELECTRIC COMPANY’S CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
10.1.6 FORT WAYNE METALS
TABLE 169 FORT WAYNE METALS: BUSINESS OVERVIEW
TABLE 170 FORT WAYNE METALS: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
TABLE 171 FORT WAYNE METALS: DEALS
10.1.7 NIPPON SEISEN CO. LTD.
TABLE 172 NIPPON SEISEN CO. LTD.: BUSINESS OVERVIEW
TABLE 173 NIPPON SEISEN CO. LTD.: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
10.1.8 XIAN SAITE METAL MATERIALS DEVELOPMENT COMPANY LIMITED
TABLE 174 XIAN SAITE METAL MATERIALS DEVELOPMENT COMPANY: BUSINESS OVERVIEW
TABLE 175 XIAN SAITE METAL MATERIALS DEVELOPMENT COMPANY: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
10.1.9 SEABIRD METAL MATERIAL CO., LTD.
TABLE 176 SEABIRD METAL MATERIAL: BUSINESS OVERVIEW
TABLE 177 SEABIRD METAL MATERIAL: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
10.1.10 DYNALLOY INC.
TABLE 178 DYNALLOY: BUSINESS OVERVIEW
TABLE 179 DYNALLOY: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
10.2 OTHER PLAYERS
10.2.1 METALWERKS PMD, INC.
TABLE 180 METALWERKS PMD, INC.: BUSINESS OVERVIEW
TABLE 181 METALWERKS PMD, INC.: PRODUCT OFFERINGS
10.2.2 ULTIMATE WIREFORMS, INC.
TABLE 182 ULTIMATE WIREFORMS, INC.: BUSINESS OVERVIEW
TABLE 183 ULTIMATE WIREFORMS, INC.: PRODUCT OFFERINGS
10.2.3 DAIDO STEEL CO., LTD.
TABLE 184 DAIDO STEEL CO., LTD.: BUSINESS OVERVIEW
TABLE 185 DAIDO STEEL CO., LTD: PRODUCT OFFERINGS
10.2.4 GENERAL RESEARCH INSTITUTE FOR NONFERROUS METALS (GRINM)
TABLE 186 GENERAL RESEARCH INSTITUTE FOR NONFERROUS METALS (GRINM): BUSINESS OVERVIEW
10.2.5 EUROFLEX GMBH
TABLE 187 EUROFLEX GMBH: BUSINESS OVERVIEW
TABLE 188 EUROFLEX GMBH: PRODUCT OFFERINGS
10.2.6 CONFLUENT MEDICAL TECHNOLOGIES
TABLE 189 CONFLUENT MEDICAL TECHNOLOGIES: BUSINESS OVERVIEW
TABLE 190 CONFLUENT MEDICAL TECHNOLOGIES: PRODUCT OFFERINGS
10.2.7 PRECISION CASTPARTS CORP.
TABLE 191 PRECISION CASTPARTS CORP.: BUSINESS OVERVIEW
10.2.8 NANOSHEL LLC
TABLE 192 NANOSHEL LLC: BUSINESS OVERVIEW
TABLE 193 NANOSHEL LLC: PRODUCT OFFERINGS
10.2.9 STANFORD ADVANCED MATERIALS
TABLE 194 STANFORD ADVANCED MATERIALS: BUSINESS OVERVIEW
TABLE 195 STANFORD ADVANCED MATERIALS: PRODUCT OFFERINGS
10.2.10 SUNRISE TITANIUM TECHNOLOGY
TABLE 196 SUNRISE TITANIUM TECHNOLOGY: BUSINESS OVERVIEW
TABLE 197 SUNRISE TITANIUM TECHNOLOGY: PRODUCT OFFERINGS
10.2.11 BOSTON CENTERLESS
TABLE 198 BOSTON CENTERLESS: BUSINESS OVERVIEW
10.2.12 SMA WIRES INDIA
TABLE 199 SMA WIRES INDIA: BUSINESS OVERVIEW
TABLE 200 SMA WIRES INDIA: PRODUCT OFFERINGS
10.2.13 ALB MATERIALS INC.
TABLE 201 ALB MATERIALS INC.: BUSINESS OVERVIEW
10.2.14 M & T(TAIWAN) CO., LTD.
TABLE 202 M & T(TAIWAN) CO., LTD.: BUSINESS OVERVIEW
TABLE 203 M & T(TAIWAN) CO., LTD.: PRODUCT OFFERINGS
10.2.15 LUMENOUS PEIERTECH
TABLE 204 LUMENOUS PEIERTECH: BUSINESS OVERVIEW
TABLE 205 LUMENOUS PEIERTECH: PRODUCT OFFERINGS
*Details on Business Overview, Product/ Solution/ Service Offered, Recent Developments, Winning Imperatives, MNM View, Key strengths/ Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
11 ADJACENT AND RELATED MARKETS (Page No. - 213)
11.1 INTRODUCTION
11.2 LIMITATIONS
11.3 ACTUATORS MARKET
11.3.1 MARKET DEFINITION
11.3.2 ACTUATORS MARKET, BY ACTUATION
TABLE 206 ACTUATORS MARKET SIZE, BY ACTUATION, 2017–2020 (USD BILLION)
TABLE 207 ACTUATORS MARKET SIZE, BY ACTUATION, 2021–2027 (USD BILLION)
11.3.3 ACTUATORS MARKET, BY APPLICATION
TABLE 208 ACTUATORS MARKET SIZE, BY APPLICATION, 2017–2020 (USD BILLION)
TABLE 209 ACTUATORS MARKET SIZE, BY APPLICATION, 2021–2027 (USD BILLION)
11.3.4 ACTUATORS MARKET, BY TYPE
TABLE 210 ACTUATORS MARKET SIZE, BY TYPE, 2017–2020 (USD BILLION)
TABLE 211 ACTUATORS MARKET SIZE, BY TYPE, 2021–2027 (USD BILLION)
11.3.5 ACTUATORS MARKET, BY VERTICAL
TABLE 212 ACTUATORS MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 213 ACTUATORS MARKET SIZE, BY VERTICAL, 2021–2027 (USD MILLION)
TABLE 214 ACTUATORS VOLUME, BY VERTICAL, 2017–2020 (MILLION)
TABLE 215 ACTUATORS VOLUME, BY VERTICAL, 2021–2027 (MILLION)
11.3.6 ACTUATORS MARKET, BY REGION
TABLE 216 ACTUATORS MARKET SIZE, BY REGION, 2017–2020 (USD BILLION)
TABLE 217 ACTUATORS MARKET SIZE, BY REGION, 2021–2027 (USD BILLION)
11.4 ORTHODONTIC SUPPLIES MARKET
11.4.1 MARKET DEFINITION
11.4.2 ORTHODONTIC SUPPLIES MARKET, BY PRODUCT
TABLE 218 ORTHODONTIC SUPPLIES MARKET SIZE, BY PRODUCT, 2019–2026 (USD MILLION)
11.4.3 ORTHODONTIC SUPPLIES MARKET, BY PATIENT
TABLE 219 ORTHODONTIC SUPPLIES MARKET SIZE, BY PATIENT, 2019–2026 (USD MILLION)
11.4.4 ORTHODONTIC SUPPLIES MARKET, BY END USER
TABLE 220 ORTHODONTIC SUPPLIES MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
11.4.5 ORTHODONTIC SUPPLIES MARKET, BY REGION
TABLE 221 ORTHODONTIC SUPPLIES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
11.5 METAL IMPLANTS AND MEDICAL ALLOYS MARKET
11.5.1 MARKET DEFINITION
11.5.2 METAL IMPLANTS AND MEDICAL ALLOYS MARKET, BY TYPE
TABLE 222 METAL IMPLANTS AND MEDICAL ALLOYS MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
11.5.3 METAL IMPLANTS AND MEDICAL ALLOYS MARKET, BY APPLICATION
TABLE 223 METAL IMPLANTS AND MEDICAL ALLOYS MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
11.5.4 METAL IMPLANTS AND MEDICAL ALLOYS MARKET, BY REGION
TABLE 224 METAL IMPLANTS AND MEDICAL ALLOYS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
12 APPENDIX (Page No. - 224)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
The study involved four major activities for estimating the current size of the global shape memory alloys market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The COVID-19 pandemic impact on the demand with respect to end-use industries, application areas and countries were comprehended. The next step was to validate these findings, assumptions and sizes with the industry experts across the supply chain of shape memory alloys through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the shape memory alloys market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the shape memory alloys market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.
Primary Research
Various primary sources from both the supply and demand sides of the shape memory alloys market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the shape memory alloys industry. The primary sources from the demand side included key executives from end-use industries. The breakdown of the profiles of primary respondents is as follows:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the global shape memory alloys market. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:
- The key players were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- Impact of COVID-19 pandemic was ascertained
- All percentage split and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the shape memory alloys market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
Report Objectives
- To define, analyze, and project the size of the shape memory alloys market in terms of value based on type, end-use industry and region
- To project the size of the market and its segments with respect to the five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
- To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To strategically analyze the micromarkets with respect to individual growth trends, COVID-19 pandemic impact, prospects, and their contribution to the total market
- To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
- To analyze the competitive developments, such as new product launches, expansions, and acquisitions, in the shape memory alloys market
- To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to client-specific needs.
The following customization options are available for the shape memory alloy report:
Product Analysis
- Product matrix, which offers a detailed comparison of the product portfolio of companies
Regional Analysis
- Further breakdown of the Rest of APAC shape memory alloys market into more nations not covered in the study
- Further breakdown of Rest of Europe shape memory alloys market into more nations not covered in the study
- Further breakdown of Rest of South America shape memory alloys market into more nations not covered in the study
- Further breakdown of Rest of Middle East & Africa shape memory alloys market into more nations not covered in the study
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Shape Memory Alloys Market