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The market dynamics are different for each product sector of the smart materials market, however, many companies can be seen to be successfully operating in more than one market sector. Some of the key players operating in the global smart materials market are TDK Corporation, Wright Medical Group, NOLIAC A/S, Kyocera Corporation, CTS Corporation, Channel Technologies, CeramTec, LORD Corporation, APC International, and Advanced Cerametrics.
Page 2 of 2Smart Materials Market to Soar at 12.5% CAGR till 2020
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Region-wise, the global smart materials market is classified into Europe, North America, Asia Pacific, and Rest of the World (RoW). In 2013, North America dominated the global market for smart materials. North America accounted for more than 38% of the revenue in the global smart materials market. According to the report, Asia Pacific will experience the fastest growth in the coming few years due to the rising demand for smart materials from its end-use industries. On the contrary, RoW held the smallest share in the global smart materials market in 2013.
