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    Smart Materials

    The best way to understand the smart material concept is to look at its uses. Worldwide, considerable effort is being deployed to develop smart materials and structures. The technological benefits of such systems have begun to be identified and, demonstrators are under construction for a wide range of applications from space and aerospace, to civil engineering and domestic products. In many of these applications, the cost benefit analyses of such systems have yet to be fully demonstrated. The potential future benefits of smart materials, structures and systems are amazing in their scope. This technology gives promise of optimum responses to highly complex problem areas by, for example, providing early warning of the problems or adapting the response to cope with unforeseen conditions, thus enhancing the survivability of the system and improving its life cycle.

    The global smart material market size is anticipated to reach USD 98.2 billion by 2025, expanding at a CAGR of 13.5% over the forecast period. Extensive research & innovation activities have widened the industrial applications of smart material. Augmented use of smart actuators & motors, sensors, and structural materials is anticipated to bolster the demand over the next few years. Smart materials are advanced products, which can sense and respond to a broad range of stimuli, including electric and magnetic fields, temperature, pressure, mechanical stress, hydrostatic pressure, nuclear radiation, and pH change. Unique properties of these products allow them to revert to their original state after removal of the stimuli. Piezoelectric, shape memory, electrostrictive, magnetostrictive, phase change, and electrochromic materials have gained wide industrial acceptance in the recent past. Furthermore, ferromagnetic shape memory alloys, electroactive polymers, conductive polymers, and carbon nanotube actuators are few of the emerging materials in the market, with strong application potential.

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