Codes & Standards: Electrical, Power

Codes & Standards: Electrical, Power December 13, 2005

Smart Materials Market To Rise To $12.3 Billion In 2010

The term smart materials refers to an interesting class of materials that are able to respond dynamically to external stimuli like heat, humidity, ultraviolet light and pressure. Smart materials systems have sensing and actuating functions that are used for an increasing number of engineering and commercial applications. Currently, the application of smart materials spans most industrial sectors including electronics, medical diagnostics, treatment and surgery, automotive and industrial research processes that require control and sensing. According to a soon-to-be-released and updated technical market research report, RGB -154N Smart Materials: A Technology and Market Assessment from business communications co., inc. (www.bccresearch.com) , the worldwide smart materials market is estimated at $8.1 billion in 2005 and is expected to rise at an average annual growth rate (AAGR) of 8.6% to $12.3 billion in 2010.

By Consulting Specifying Engineer Staff
Codes & Standards: Electrical, Power October 1, 2000

More Data, Fewer Darts

Consulting-Specifying Engineer is in a better position to help engineers than we've ever been in before. Suddenly, our magazine is in a unique position to help firms get more information on building systems, more project leads and more trend information.

By C.C. Sullivan, Editorial Director