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.
The data in this report include the semi-finished products (bars, Tubes, wire, pipe, etc), components and devices in shape memory alloy.
This report contains market size and forecasts of Shape Memory Alloys in global, including the following market information:
Global Shape Memory Alloys Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Shape Memory Alloys Market Sales, 2017-2022, 2023-2028, (Tonnes)
Global top five Shape Memory Alloys companies in 2021 (%)
The global Shape Memory Alloys market was valued at 796.4 million in 2021 and is projected to reach US$ 1385.4 million by 2028, at a CAGR of 8.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Nickel-Titanium Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Shape Memory Alloys include Nitinol Devices & Components, SAES Getters, G.RAU GmbH & Co. KG, ATI Wah-chang, Johnson Matthey, Fort Wayne Metals, Furukawa Electric, Nippon Steel & Sumitomo Metal and Nippon Seisen, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Shape Memory Alloys manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Shape Memory Alloys Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Tonnes)
Global Shape Memory Alloys Market Segment Percentages, by Type, 2021 (%)
Nickel-Titanium
Copper Based
Fe Based
Others
Global Shape Memory Alloys Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Tonnes)
Global Shape Memory Alloys Market Segment Percentages, by Application, 2021 (%)
Medical Applications
Aircraft Applications
Automotive
Home Appliance
Others
Global Shape Memory Alloys Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Tonnes)
Global Shape Memory Alloys Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Shape Memory Alloys revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Shape Memory Alloys revenues share in global market, 2021 (%)
Key companies Shape Memory Alloys sales in global market, 2017-2022 (Estimated), (Tonnes)
Key companies Shape Memory Alloys sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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