Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The "Global Shape Memory Alloys Market by Type (Copper-Based, Fe-Mn-Si, Nickel-Titanium (Nitinol)), End Use Industries (Aircraft, Biomedical, Construction & Housing) - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Shape Memory Alloys Market on a global scale is expected to experience substantial growth, with a significant CAGR forecasted for the upcoming period. Regional revenue generation has been boosted by economic and significant infrastructure development.
The analysis of patterns related to domestic production, import and export, and consumption has enabled market participants to capitalize on potential opportunities. Furthermore, the accompanied qualitative and quantitative parameters in the report, including detailed analysis, have highlighted the market's driving and restraining factors.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Global Shape Memory Alloys Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Shape Memory Alloys Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Shape Memory Alloys Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Shape Memory Alloys Market?
- What is the competitive strategic window for opportunities in the Global Shape Memory Alloys Market?
- What are the technology trends and regulatory frameworks in the Global Shape Memory Alloys Market?
- What is the market share of the leading vendors in the Global Shape Memory Alloys Market?
- What modes and strategic moves are considered suitable for entering the Global Shape Memory Alloys Market?
Market Dynamics
Drivers
- Growing adoption in biomedical devices and surgical tools manufacturing
- Significant governmental investments in aerospace and defense industries
- Rising consumer preference for nitinol alloys
Restraints
- High cost of shape memory alloys
Opportunities
- Ongoing research and development activities to improve the applicability of SMAs
- Proliferation in utilization of smart materials for consumer electronics production
Challenges
- Concerns associated with sensitivity of material properties
Companies Mentioned
- Allegheny Technologies Incorporated
- Baoji Seabird Metal Material Co., Ltd.
- Dynalloy, Inc.
- Endosmart GmbH
- Fort Wayne Metals Research Products, LLC
- Furukawa Electric Co., Ltd.
- Intrinsic Devices, Inc.
- Metalwerks, Inc.
- Nippon Seisen Co., Ltd.
- Precision Castparts Corp.
- Regal Rexnord Corporation
- SAES Getters S.p.A.
- Stanford Materials Corporation
- Sunrise Titanium Technology Co., Ltd.
- Ultimate NiTi Technologies
Market Segmentation & Coverage:
This research report categorizes the Global Shape Memory Alloys Market in order to forecast the revenues and analyze trends in each of following sub-markets:
- Based on Type, the market is studied across Copper-Based, Fe-Mn-Si, and Nickel-Titanium (Nitinol). The Nickel-Titanium (Nitinol) is projected to witness significant market share during forecast period.
- Based on End Use Industries, the market is studied across Aircraft, Biomedical, Construction & Housing, Electrical Appliances, Spacecraft, and Transport. The Spacecraft is projected to witness significant market share during forecast period.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
For more information about this report visit https://www.researchandmarkets.com/report/shape-memory-alloy
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