Shape Memory Alloys Market Research Report – Forecast to 2027

Shape Memory Alloys Market Information: by Type (nickel titanium, Cu-Al-Ni, Cu-Zn-Al), by Application (superelastic, actuators, constrained recovery, frangible, vibration dampers, shock absorbers), by End Use industry ( biomedical, aircraft, spacecraft, transport, electrical appliances, construction & housing, subsea, hot water supply), and by Region – Forecast till 2027

ID: MRFR/CnM/4539-CR | May 2018 | Region: Global | 100 pages

Shape Memory Alloy Market Overview:

The Shape Memory Alloys Market is estimated to reach USD 11,079.1 million by 2023 at healthy a CAGR of 10.79% over the assessment period, 2017-2023..


Shape Memory Alloy is a very useful type of alloy that is being used for many purposes in different industries. The alloy is named so due to its capability to remember its shape. A shape memory alloy is a particular type of alloy which is capable of returning to its original shape after deformation. In simple words, the material has a good amount of elasticity to restore its original shape and size. At high temperatures, the alloy is deformable, and to set a shape, the material is cooled down at low temperatures. Due to this property of shape memory alloy, the material is handy and is used in many industries. The demand for shape memory alloy is also high because of its various applications in different industries. Moreover, fluctuation in the rate of other materials that are combined to form shape-memory alloy also affects the price of SAM and hence, this directly affects the growth of the Shape Memory Alloy Market.


COVID-19 Analysis:

The impact of the COVID-19 virus has affected the growth rate of different markets and industries. To cope-up with the situation, companies and key players of the shape memory alloy market are adapting new strategies that are cost-effective and capable of meeting the demand, even during the pandemic, and secure a great deal in the market and helping the expansion of the shape memory alloy market.


The uses of SMA can be widely seen in automotive and aerospace. Also, SMA is used in the bio-medical field. Since these three fields are constantly growing and outranging every possibility. Therefore, there is a constant growth reported by Shape Memory Alloy Market.


Competitive Landscape:
The key players and leading companies of Shape Memory Alloy Market which are constantly making benefits out of the market and are contributing to the expansion of the market are:



  • SAES Getters

  • Stanford Advance Material

  • Mathey Johnson

  • Dynalloy, Daido Steels

  • Nippon Steel and Sumitomo Metal

  • Ultimateniti

  • Arquimea

  • Nippon-Seisen Co. Ltd. many others.


Market Dynamics:

Drivers:
Growth drivers of a market suggest the top reasons and advantages of those reasons contributing to the growth of a market. Few drivers of the shape memory alloy market that derived the position and status of the market are:


Increased Uses of SMA in Neurology and Neuromuscular rehabilitation:
Now ever days, in neurology, alloys, especially, shape memory alloy are used to form various devices such as coils, stents, and microguidewires. Among these, the most used device is coils used for treating cerebral aneurysms, etc.


Widening Bio-medical applications of SAM:
The unique property of SMA gives it a benefit to be used for treating medical diseases and it is also used in surgical operations and the dental field. Thus, it finds applications in the bio-medical field. The widening use of SMA in bio-medical has benefited its market by increased demand.


Demand in end-use industries and fields:
Another application of SMA other than in medical development is found in automotive and aerospace engineering. As it is temperature sensitive alloy and can be reshaped, it reduces the need for external systems to work as actuators.


Opportunities:
Every field, market, or industry always has further scope for its development and expansion. The shape memory alloy secures its future by finding opportunities in various other fields and industries.


New Applications in Medical Field:
The pandemic has hit the whole world unexpectedly and in these times when the world is facing medical challenges and developing new devices with better features to cure other bigger diseases, SMA finds its application in the treatment of those diseases. Overall, the SMA market can develop by finding new applications in the medical field.


Restraints:
Likewise drivers and opportunities are analyzed to find the growth and further expansion of a market. Restraints are analyzed to view the problems or obstacles that stand in the way.


SMA is an Expensive Alloy:
Shape Memory Alloy is a combination of copper, aluminum, and nickel or nickel and titanium (Ni-Ti). The expense or price of shape memory alloy completely depends on the price of its constituent materials. SMA is a bit expensive material which is why it is replaced by a cost-effective material but for the unique properties, it holds the alloy is in high demand.


Challenges:
The shape memory alloy market is expanding at a good pace and their high demands in the market contribute to its direct growth. But the challenges that stand in the way of the growth of the market are:


Heat-sensitive property of the SMA:
The heat-sensitive property of SMA makes it useful in aerospace where it works as actuators. The heat transferring rate of shape memory alloy is high which acts as a challenge for the material. To overcome this problem, an external heat system is to be installed for SMA-made actuators and this would increase the cost and weight of the machine.


Value Chain Analysis of SMA:
Value chain analysis of a market gives information about the internal structure of the market that how input is given and what output is received that is affecting the production of the product. Shape memory alloy is produced commercially on a big scale using other metals or materials. These materials are then combined to inherit their useful properties into one new material and better material. The cost of SMA is decided by the cost of the combined materials and then extra production cost is added. The output then received, which is shape memory alloy is sold to many other industries that use the material in their industry or produce new useful devices.


Segment Overview:
By Metal:
The shape memory alloy is segmented into different types by metal. The first segment of the alloy is a combination of Nickel-Titanium (Ni-Ti) and Nickel- copper- aluminum. The other segments by metal are based on Iron (Fe), Gold (Au), Silver (Ag), Cobalt (Co), and others.


By Product:
By product type, the SMA market is segmented into 5 major parts. Those are Sheets, wires, rods, springs, tubes, and others.


By Application:
The shape memory alloy’s applications can be seen in many fields and industries. The major applications of SMA are actuators, quick releases, Footwear, Bra stays, Eyewear, Fasteners, Compression Springs, Orthodontic wires, Endoscopy, and others.


By end-user industry:
The end-use industries are those industries that use the final material as a derived product or a device in their industry. Such examples of end-use industries that use shape memory alloy are aerospace and aviation, bio-medical, automotive, etc. The other segments of the shape memory alloy market by end-user industry are military, electronics and electrical, textile and fashion industry, etc.


Regional Analysis:
The shape memory alloy regional analysis gives the data and information regarding the production demand and sale of the material around the globe. The major regions that come under the top demanding and producing regions of SMA are:


North America: This region includes Canada, the USA, and Mexico majorly.

South America: The major parts and countries of this region are Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, and Costa Rica.


Europe: The U.K., Belgium, Netherlands, Denmark, France, Germany, Italy, Spain.


APAC: The Asia-pacific region includes countries such as China, Japan, Australia, South Korea, India, Taiwan, Malaysia, and Hong Kong.


The Middle East and Africa: Saudi Arabia, South Africa, Israel.


Recent Development:
It was in the 1990s when the term shape memory technology was invented and since then many development and advancement are done to make it better and find its further applications. The shape alloy market is developing every year and is expected to grow by a CAGR rate of 12.8% and reach a value level of 40 billion by the next five years. Investors and companies are investing for the constant development of the market.


Report Overview:
Following and studying the base data and information of the year 2018 to the forecasted the year 2023 the shape memory alloy market report is written and made. This report consists of all the different aspects that are needed to read and understand the situation and status of the market. Topics such as Market Dynamics, Segment overview, regional analysis, and competitive landscape are discussed in detail to understand the developments and trends of the Shape Memory Alloy Market.





 


 


 

 




Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 11,079.1 Million
  • 2027: Significant Value
  •   CAGR   10.79% (2017-2023)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Metal, Product, Application and end-user industry
      Geographies Covered   North America, Europe, Latin America, Middle East & Africa
      Key Vendors   SAES Getters S.p.A, TiNi Alloy Co, Ultimate NiTi Technologies Inc, Fort Wayne Metals Inc., Metalwerks PMD Inc, ENDOSMART GmbH, Admedes Schuessler GmbH, DYNALLOY, Inc., EUROFLEX GmbH, Confluent Medical Technologies, Inc, Aerofits Products Inc, Burpee Materials Technology LLC., Johnson Matthey Inc, TiNi Aerospace, FURUKAWA ELECTRIC CO., LTD, Baoji Seabird Metals Materials Co., Ltd., Baoji TITANIUM INDUSTRY CO., LTD, and XSMA, Inc
      Key Market Opportunities   The shape memory alloy secures its future by finding opportunities in various other fields and industries.
      Key Market Drivers

  • Increased Uses of SMA in Neurology and Neuromuscular rehabilitation
  • Demand in end-use industries and fields:


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :


    The global shape memory alloys market is predicted to touch USD 11,079.1 billion by 2023.

    The shape memory alloys market is predicted to grow at a 10.79% CAGR between 2017-2023.

    North America is predicted to lead the shape memory alloys market during the forecast period.

    Leading players profiled in the shape memory alloys market include TiNi Alloy Co, FURUKAWA ELECTRIC CO., LTD, SAES Getters S.p.A, Ultimate NiTi Technologies Inc, Admedes Schuessler, Metalwerks PMD Inc, ENDOSMART GmbH, Admedes Schuessler GmbH, Baoji TITANIUM INDUSTRY CO., LTD Confluent Medical Technologies, Fort Wayne Metals Inc., DYNALLOY, Inc., EUROFLEX GmbH, Burpee Materials Technology LLC., Johnson Matthey Inc, Inc, Aerofits Products Inc, TiNi Aerospace, Baoji Seabird Metals Materials Co., Ltd., and XSMA, Inc.

    Volatile raw material prices may hamper the market growth.

    1 Executive Summary


    2 Market Introduction

    2.1 Definition 21

    2.2 Scope Of The Study 21

    2.3 List Of Assumptions 22

    2.4 Market Structure 22

    2.5 Key Takeaways 23

    3 Market Insights

    3.1 Key Takeaways 25

    4 Research Methodology

    4.1 Research Process 29

    4.2 Primary Research 30

    4.3 Secondary Research 31

    4.4 Market Size Estimation 31

    4.5 Forecast Model 32

    5 Market Dynamics

    5.1 Introduction 34

    5.2 Drivers 35

    5.2.1 Rising Use Of Shape Memory Alloys For Neurology And Neuromuscular Rehabilitation 35

    5.2.2 Widening Biomedical Application Scope Of SMA In Cardiovascular, Orthopedic And In Surgical Instruments 35

    5.2.3 Increased Demand In End-Use Industries Such As Automotive And Aerospace 36

    5.2.4 Drivers Impact Analysis 37

    5.3 Restraints 37

    5.3.1 Higher Cost Associated With Shape Memory Alloys 37

    5.3.2 Restraints Impact Analysis 37

    5.4 Opportunities 38

    5.4.1 Growth Of Construction Sector In Emerging Economies 38

    5.4.2 Rise In Research And Development Activities For Cost Reduction 38

    5.5 Trends 39

    5.5.1 Increasing Geriatric Population 39

    5.5.2 Rising Penetration In Developing Countries 39

    6 Market Factor Analysis

    6.1 Supply Chain Analysis 41

    6.1.1 Raw Material Suppliers 41

    6.1.2 Shape Memory Alloys Manufacturers 41

    6.1.3 Distribution Channel 42

    6.1.4 End-User Industry 42

    6.2 Porter’s Five Forces Model 42

    6.2.1 Threat Of New Entrants 43

    6.2.2 Threat Of Rivalry 43

    6.2.3 Threat Of Substitutes 43

    6.2.4 Bargaining Power Of Supplier 43

    6.2.5 Bargaining Power Of Buyer 43

    7 Global Shape Memory Alloys Market, By Type

    7.1 Introduction 45

    7.2 Nickel Titanium 45

    7.3 Cu-Al-Ni 46

    7.4 Cu-Zn-Al 47

    7.5 Others 48

    8 Global Shape Memory Alloys Market, By Application

    8.1 Introduction 50

    8.2 Super Elastic 51

    8.3 Actuators 52

    8.4 Constrained Recovery 52

    8.5 Frangibolt 53

    8.6 Vibration Dampers 54

    8.7 Shock Absorber 54

    8.8 Others 55

    9 Global Shape Memory Alloys Market, By End Use Industry

    9.1 Introduction 57

    9.2 Biomedical 62

    9.2.1 Orthopedics 62

    9.2.2 Orthodontics 63

    9.2.3 Coronary Stent 63

    9.2.4 Surgical Instrument 64

    9.2.5 Organ Frame Retractors 64

    9.2.6 Others 65

    9.3 Aircraft 65

    9.3.1 Fixed Wings/Wing Morphings 65

    9.3.2 Jet Engines 66

    9.3.3 Rotocrafts 67

    9.3.4 Others 67

    9.4 Spacecraft 68

    9.4.1 Satellite Release 68

    9.4.2 Actuators 68

    9.4.3 Others 69

    9.5 Transport 70

    9.6 Electrical Appliances 70

    9.7 Construction & Housing 71

    9.8 Subsea 71

    9.8.1 Oil & Gas 72

    9.8.2 Offshore Wind 73

    9.8.3 Seabed Mining 73

    9.8.4 Others 74

    9.9 Hot Water Supply 74

    9.10 Others 74

    10 Global Shape Memory Alloys Market, By Region

    10.1 Introduction 77

    10.2 North America 78

    10.2.1 U.S. 82

    10.2.2 Canada 83

    10.3 Europe 85

    10.3.1 Germany 89

    10.3.2 France 90

    10.3.3 UK 92

    10.3.4 France 93

    10.3.5 Spain 95

    10.3.6 Italy 96

    10.3.7 Rest Of Europe 98

    10.3.8 Asia Pacific 99

    10.3.9 China 103

    10.3.10 India 105

    10.3.11 Japan 106

    10.3.12 South Korea 108

    10.3.13 Rest Of Asia Pacific 109

    10.4 Latin America 111

    10.4.1 Brazil 115

    10.4.2 Mexico 116

    10.4.3 Argentina 118

    10.4.4 Rest Of Latin America 119

    10.5 Middle East & Africa 121

    10.5.1 Turkey 125

    10.5.2 UAE 126

    10.5.3 Saudi Arabia 128

    10.5.4 Rest Of Middle East & Africa 129

    11 Competitive Landscape

    11.1 Introduction 132

    11.2 Key Development Analysis 132

    12 Company Profiles

    12.1 SAES Getters S.P.A 137

    12.1.1 Company Overview 137

    12.1.2 Financial Overview 137

    12.1.3 Products Offerings 138

    12.1.4 Key Developments 138

    12.1.5 SWOT Analysis 139

    12.1.6 Key Strategy 139

    12.2 TiNi Alloy Co. 140

    12.2.1 Company Overview 140

    12.2.2 Financial Overview 140

    12.2.3 Products Offerings 140

    12.2.4 Key Developments 140

    12.2.5 SWOT Analysis 141

    12.2.6 Key Strategy 141

    12.3 Ultimate NiTi Technologies Inc. 142

    12.3.1 Company Overview 142

    12.3.2 Financial Overview 142

    12.3.3 Products Offerings 142

    12.3.4 Key Developments 142

    12.3.5 SWOT Analysis 143

    12.3.6 Key Strategy 143

    12.4 Fort Wayne Metals Inc. 144

    12.4.1 Company Overview 144

    12.4.2 Financial Overview 144

    12.4.3 Products Offerings 144

    12.4.4 Key Developments 145

    12.4.5 SWOT Analysis 146

    12.4.6 Key Strategy 146

    12.5 Metalwerks PMD Inc. 147

    12.5.1 Company Overview 147

    12.5.2 Financial Overview 147

    12.5.3 Products Offerings 147

    12.5.4 Key Developments 147

    12.5.5 SWOT Analysis 148

    12.5.6 Key Strategy 148

    12.6 ENDOSMART GmbH 149

    12.6.1 Company Overview 149

    12.6.2 Financial Overview 149

    12.6.3 Products Offerings 149

    12.6.4 Key Developments 150

    12.6.5 SWOT Analysis 150

    12.6.6 Key Strategy 150

    12.7 Admedes Schuessler GmbH 151

    12.7.1 Company Overview 151

    12.7.2 Financial Overview 151

    12.7.3 Products Offerings 151

    12.7.4 Key Developments 152

    12.7.5 SWOT Analysis 153

    12.7.6 Key Strategy 153

    12.8 DYNALLOY, Inc. 154

    12.8.1 Company Overview 154

    12.8.2 Financial Overview 154

    12.8.3 Products Offerings 154

    12.8.4 Key Developments 154

    12.8.5 SWOT Analysis 155

    12.8.6 Key Strategy 155

    12.9 EUROFLEX GmbH 156

    12.9.1 Company Overview 156

    12.9.2 Financial Overview 156

    12.9.3 Products Offerings 156

    12.9.4 Key Developments 156

    12.9.5 SWOT Analysis 157

    12.9.6 Key Strategy 157

    12.10 Confluent Medical Technologies, Inc. 158

    12.10.1 Company Overview 158

    12.10.2 Financial Overview 158

    12.10.3 Products Offerings 158

    12.10.4 Key Developments 159

    12.10.5 SWOT Analysis 160

    12.10.6 Key Strategy 160

    12.11 Aerofits Products Inc. 161

    12.11.1 Company Overview 161

    12.11.2 Financial Overview 161

    12.11.3 Products Offerings 161

    12.11.4 Key Developments 161

    12.11.5 SWOT Analysis 162

    12.11.6 Key Strategy 162

    12.12 Burpee Materials Technology LLC. 163

    12.12.1 Company Overview 163

    12.12.2 Financial Overview 163

    12.12.3 Products Offerings 163

    12.12.4 Key Developments 163

    12.12.5 SWOT Analysis 164

    12.12.6 Key Strategy 164

    12.13 Johnson Matthey Inc. 165

    12.13.1 Company Overview 165

    12.13.2 Financial Overview 165

    12.13.3 Products Offerings 166

    12.13.4 Key Developments 166

    12.13.5 SWOT Analysis 167

    12.13.6 Key Strategy 167

    12.14 TiNi Aerospace 168

    12.14.1 Company Overview 168

    12.14.2 Financial Overview 168

    12.14.3 Products Offerings 168

    12.14.4 Key Developments 169

    12.14.5 SWOT Analysis 170

    12.14.6 Key Strategy 170

    12.15 FURUKAWA ELECTRIC CO., LTD 171

    12.15.1 Company Overview 171

    12.15.2 Financial Overview 171

    12.15.3 Products Offerings 172

    12.15.4 Key Developments 172

    12.15.5 SWOT Analysis 173

    12.15.6 Key Strategy 173

    12.16 Baoji Seabird Metals Materials Co., Ltd. 174

    12.16.1 Company Overview 174

    12.16.2 Financial Overview 174

    12.16.3 Products Offerings 174

    12.16.4 Key Developments 174

    12.16.5 SWOT Analysis 175

    12.16.6 Key Strategy 175

    12.17 Baoji TITANIUM INDUSTRY CO., LTD 176

    12.17.1 Company Overview 176

    12.17.2 Financial Overview 176

    12.17.3 Products Offerings 177

    12.17.4 Key Developments 177

    12.17.5 SWOT Analysis 178

    12.17.6 Key Strategy 178

    12.18 XSMA, Inc 179

    12.18.1 Company Overview 179

    12.18.2 Financial Overview 179

    12.18.3 Products Offerings 179

    12.18.4 Key Developments 179

    12.18.5 SWOT Analysis 180

    12.18.6 Key Strategy 180

    13 Conclusion

    13.1 Key Findings 182

    13.1.1 Analyst Perspective 182

    13.1.2 Key Companies To Watch 182

    14 List Of Tables

    TABLE 1 MARKET SYNOPSIS 19

    TABLE 2 LIST OF ASSUMPTIONS 22

    TABLE 3 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY TYPE, (2020-2027) (USD MILLION) 45

    TABLE 4 GLOBAL NICKEL TITANIUM MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 46

    TABLE 5 GLOBAL CU-AL-NI MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 46

    TABLE 6 GLOBAL CU-ZN-AL MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 47

    TABLE 7 GLOBAL OTHERS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 48

    TABLE 8 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY APPLICATION, (2020-2027) (USD MILLION) 50

    TABLE 9 GLOBAL SUPER ELASTIC MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 51

    TABLE 10 GLOBAL ACTUATORS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 52

    TABLE 11 GLOBAL CONSTRAINED RECOVERY MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 52

    TABLE 12 GLOBAL FRANGIBOLT MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 53

    TABLE 13 GLOBAL VIBRATION DAMPERS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 54

    TABLE 14 GLOBAL SHOCK ABSORBER MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 54

    TABLE 15 GLOBAL OTHERS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 55

    TABLE 16 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 57

    TABLE 17 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY AIRCRAFT, (2020-2027) (USD MILLION) 58

    TABLE 18 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY SPACECRAFT, (2020-2027) (USD MILLION) 59

    TABLE 19 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY SUBSEA, (2020-2027) (USD MILLION) 60

    TABLE 20 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY BIO MEDICAL, (2020-2027) (USD MILLION) 61

    TABLE 21 GLOBAL BIOMEDICAL MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 62

    TABLE 22 GLOBAL ORTHOPEDICS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 62

    TABLE 23 GLOBAL ORTHODONTICS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 63

    TABLE 24 GLOBAL CORONARY STENT MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 63

    TABLE 25 GLOBAL SURGICAL INSTRUMENT MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 64

    TABLE 26 GLOBAL ORGAN FRAME RETRACTORS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 64

    TABLE 27 GLOBAL OTHERS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 65

    TABLE 28 GLOBAL AIRCRAFT MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 65

    TABLE 29 GLOBAL FIXED WINGS/WING MORPHINGS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 65

    TABLE 30 GLOBAL JET ENGINES MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 66

    TABLE 31 GLOBAL ROTOCRAFTS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 67

    TABLE 32 GLOBAL OTHERS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 67

    TABLE 33 GLOBAL SAPCECRAFT MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 68

    TABLE 34 GLOBAL SATELLITE RELEASE MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 68

    TABLE 35 GLOBAL ACTUATORS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 68

    TABLE 36 GLOBAL OTHERS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 69

    TABLE 37 GLOBAL TRANSPORT MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 70

    TABLE 38 GLOBAL ELECTRICAL APPLIANCES MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 70

    TABLE 39 GLOBAL CONSTRUCTION MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 71

    TABLE 40 GLOBAL SUBSEA MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 71

    TABLE 41 GLOBAL OIL & GAS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 72

    TABLE 42 GLOBAL OFFSHORE WIND MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 73

    TABLE 43 GLOBAL SEABED MINING MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 73

    TABLE 44 GLOBAL OTHERS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 74

    TABLE 45 GLOBAL HOT WATER SUPPLY MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 74

    TABLE 46 GLOBAL OTHERS MARKET FOR SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 74

    TABLE 47 GLOBAL SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 77

    TABLE 48 NORTH AMERICA SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 78

    TABLE 49 NORTH AMERICA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 79

    TABLE 50 NORTH AMERICA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 80

    TABLE 51 NORTH AMERICA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 81

    TABLE 52 U.S SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 82

    TABLE 53 U.S SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 82

    TABLE 54 U.S SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 83

    TABLE 55 CANADA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 83

    TABLE 56 CANADA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 84

    TABLE 57 CANADA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 84

    TABLE 58 EUROPE SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 85

    TABLE 59 EUROPE SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 86

    TABLE 60 EUROPE SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 87

    TABLE 61 EUROPE SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 88

    TABLE 62 GERMANY SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 89

    TABLE 63 GERMANY SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 89

    TABLE 64 GERMANY SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 90

    TABLE 65 FRANCE SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 90

    TABLE 66 FRANCE SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 91

    TABLE 67 FRANCE SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 91

    TABLE 68 UK SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 92

    TABLE 69 UK SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 92

    TABLE 70 UK SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 93

    TABLE 71 FRANCE SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 93

    TABLE 72 FRANCE SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 94

    TABLE 73 FRANCE SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 94

    TABLE 74 SPAIN SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 95

    TABLE 75 SPAIN SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 95

    TABLE 76 SPAIN SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 96

    TABLE 77 ITALY SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 96

    TABLE 78 ITALY SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 97

    TABLE 79 ITALY SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 97

    TABLE 80 REST OF EUROPE SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 98

    TABLE 81 REST OF EUROPE SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 98

    TABLE 82 REST OF EUROPE SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 99

    TABLE 83 ASIA PACIFIC SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 100

    TABLE 84 ASIA PACIFIC SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 101

    TABLE 85 ASIA PACIFIC SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 102

    TABLE 86 ASIA PACIFIC SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 103

    TABLE 87 CHINA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 103

    TABLE 88 CHINA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 104

    TABLE 89 CHINA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 104

    TABLE 90 INDIA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 105

    TABLE 91 INDIA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 105

    TABLE 92 INDIA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 106

    TABLE 93 JAPAN SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 106

    TABLE 94 JAPAN SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 107

    TABLE 95 JAPAN SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 107

    TABLE 96 SOUTH KOREA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 108

    TABLE 97 SOUTH KOREA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 108

    TABLE 98 SOUTH KOREA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 109

    TABLE 99 REST OF ASIA PACIFIC SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 109

    TABLE 100 REST OF ASIA PACIFIC SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 110

    TABLE 101 REST OF ASIA PACIFIC SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 110

    TABLE 102 LATIN AMERICA SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 111

    TABLE 103 LATIN AMERICA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 112

    TABLE 104 LATIN AMERICA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 113

    TABLE 105 LATIN AMERICA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 114

    TABLE 106 BRAZIL SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 115

    TABLE 107 BRAZIL SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 115

    TABLE 108 BRAZIL SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 116

    TABLE 109 MEXICO SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 116

    TABLE 110 MEXICO SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 117

    TABLE 111 MEXICO SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 117

    TABLE 112 ARGENTINA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 118

    TABLE 113 ARGENTINA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 118

    TABLE 114 ARGENTINA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 119

    TABLE 115 REST OF LATIN AMERICA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 119

    TABLE 116 REST OF LATIN AMERICA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 120

    TABLE 117 REST OF LATIN AMERICA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 120

    TABLE 118 MIDDLE EAST & AFRICA SHAPE MEMORY ALLOYS MARKET, BY REGION, (2020-2027) (USD MILLION) 121

    TABLE 119 MIDDLE EAST & AFRICA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 122

    TABLE 120 MIDDLE EAST & AFRICA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 123

    TABLE 121 MIDDLE EAST & AFRICA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 124

    TABLE 122 TURKEY SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 125

    TABLE 123 TURKEY SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 125

    TABLE 124 TURKEY SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 126

    TABLE 125 UAE SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 126

    TABLE 126 UAE SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 127

    TABLE 127 UAE SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 127

    TABLE 128 SAUDI ARABIA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 128

    TABLE 129 SAUDI ARABIA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 128

    TABLE 130 SAUDI ARABIA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 129

    TABLE 131 REST OF MIDDLE EAST & AFRICA SHAPE MEMORY ALLOYS MARKET, BY TYPE, (2020-2027) (USD MILLION) 129

    TABLE 132 REST OF MIDDLE EAST & AFRICA SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, (2020-2027) (USD MILLION) 130

    TABLE 133 REST OF MIDDLE EAST & AFRICA SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, (2020-2027) (USD MILLION) 130

    TABLE 134 KEY DEVELOPMENT ANALYSIS 133

    15 List Of Figures

    FIGURE 1 GLOBAL SHAPE MEMORY ALLOYS MARKET: MARKET STRUCTURE 22

    FIGURE 2 KEY TAKEAWAYS OF THE SHAPE MEMORY ALLOYS MARKET 23

    FIGURE 3 KEY TAKEAWAYS OF THE SHAPE MEMORY ALLOYS MARKET 25

    FIGURE 4 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2023) 25

    FIGURE 5 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2023) 26

    FIGURE 6 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2020 VS 2023) 26

    FIGURE 7 LATIN AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2023) 27

    FIGURE 8 MIDDLE EAST & AFRICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2023) 27

    FIGURE 9 RESEARCH PROCESS OF MRFR 29

    FIGURE 10 TOP DOWN & BOTTOM UP APPROACH 32

    FIGURE 11 DROC ANALYSIS OF GLOBAL SHAPE MEMORY ALLOYS MARKET 34

    FIGURE 12 CARDIOVASCULAR APPLICATION MARKET, 2014 – 2023 36

    FIGURE 13 Y-O-Y AUTOMOTIVE PRODUCTION 36

    FIGURE 14 DRIVERS IMPACT ANALYSIS: ABC MARKET 37

    FIGURE 15 RESTRAINTS IMPACT ANALYSIS: ABC MARKET 37

    FIGURE 16 SUPPLY CHAIN: SHAPE MEMORY ALLOYS MARKET 41

    FIGURE 18 GLOBAL SHAPE MEMORY ALLOYS MARKET SHARE, BY TYPE, 2020-2023 (USD MILLION) 45

    FIGURE 19 GLOBAL SHAPE MEMORY ALLOYS MARKET SHARE, BY APPLICATION, 2020-2023 (USD MILLION) 50

    FIGURE 20 GLOBAL SHAPE MEMORY ALLOYS MARKET SHARE, BY END USE INDUSTRY, 2020-2023 (USD MILLION) 57

    FIGURE 21 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY AIRCRAFT, (2020-2027) (USD MILLION) 58

    FIGURE 22 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY SPACECRAFT, (2020-2027) (USD MILLION) 59

    FIGURE 23 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY SUBSEA, (2020-2027) (USD MILLION) 60

    FIGURE 24 GLOBAL SHAPE MEMORY ALLOYS MARKET VALUE, BY BIO MEDICAL, (2020-2027) (USD MILLION) 61

    FIGURE 25 GLOBAL SHAPE MEMORY ALLOYS MARKET SHARE, BY REGION, 2020 (%) 77

    FIGURE 26 NORTH AMERICA: SHAPE MEMORY ALLOYS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 78

    FIGURE 27 NORTH AMERICA: SHAPE MEMORY ALLOYS MARKET, BY TYPE, 2020-2027(USD MILLION) 79

    FIGURE 28 NORTH AMERICA: SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, 2020-2027(USD MILLION) 80

    FIGURE 29 NORTH AMERICA: SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, 2020-2027(USD MILLION) 81

    FIGURE 30 EUROPE: SHAPE MEMORY ALLOYS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 85

    FIGURE 31 EUROPE: SHAPE MEMORY ALLOYS MARKET, BY TYPE, 2020-2027(USD MILLION) 86

    FIGURE 32 EUROPE: SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, 2020-2027(USD MILLION) 87

    FIGURE 33 EUROPE: SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, 2020-2027(USD MILLION) 88

    FIGURE 34 ASIA PACIFIC: SHAPE MEMORY ALLOYS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 99

    FIGURE 35 ASIA PACIFIC: SHAPE MEMORY ALLOYS MARKET, BY TYPE, 2020-2027(USD MILLION) 100

    FIGURE 36 ASIA PACIFIC: SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, 2020-2027(USD MILLION) 101

    FIGURE 37 ASIA PACIFIC: SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, 2020-2027(USD MILLION) 102

    FIGURE 38 LATIN AMERICA: SHAPE MEMORY ALLOYS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 111

    FIGURE 39 LATIN AMERICA: SHAPE MEMORY ALLOYS MARKET, BY TYPE, 2020-2027(USD MILLION) 112

    FIGURE 40 LATIN AMERICA: SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, 2020-2027(USD MILLION) 113

    FIGURE 41 LATIN AMERICA: SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, 2020-2027(USD MILLION) 114

    FIGURE 42 MIDDLE EAST & AFRICA: SHAPE MEMORY ALLOYS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 121

    FIGURE 43 MIDDLE EAST & AFRICA: SHAPE MEMORY ALLOYS MARKET, BY TYPE, 2020-2027(USD MILLION) 122

    FIGURE 44 MIDDLE EAST & AFRICA: SHAPE MEMORY ALLOYS MARKET, BY APPLICATION, 2020-2027(USD MILLION) 123

    FIGURE 45 MIDDLE EAST & AFRICA: SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY, 2020-2027(USD MILLION) 124