Report ID: SQMIG45I2138
Report ID:
SQMIG45I2138 |
Region:
Global |
Published Date: October, 2024
Pages:
165
|
Tables:
98 |
Figures:
77
North America had 39.54% of the market, and it is expected that it would continue to dominate during the projected period. The aerospace and defence industries' expanding use of smart materials has increased regional product demand. Due to increased demand for the product in defence and military applications, rising US defence spending is expected to open up appealing market potential. Following North America are Europe and APAC. An increase in demand for smart materials in developed nations like the UK, Germany, France, and Switzerland, giving Europe the second-largest market share of all smart materials worldwide.
Due to the rising demand from end-use industries in nations like Japan, India, and China, the Asia Pacific market is expected to grow at an exceptional rate over the forecast period.
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Report ID: SQMIG45I2138