Global shape memory alloys (SMA) market is estimated to expand at a CAGR of 10.79% to reach USD 11,079.1 million by the end of 2023. SMA is gaining prominence in the global market with the growing usage in the end use industries such as biomedical, spacecraft, aircraft, transport, electrical appliances, construction & housing, subsea, hot water supply, and others.
Some of the prominent factors that positively influence the growth of the ... Read more
Shape memory alloys (SMA) are also known as smart materials, which remember their original shape by heating after shape deformations. SMA belong to a unique class of materials that possesses superior thermo-mechanical properties with high corrosion resistance. Thus, they are widely used in numerous end-use industries such as aircraft, transport, biomedical, spacecraft, electrical appliances, subsea, construction & ... Read more
Shape memory alloys (SMA) are also known as smart materials, which remember their original shape by heating after shape deformations. SMA belong to a unique class of materials that possesses superior thermo-mechanical properties with high corrosion resistance. Thus, they are widely used in numerous end-use industries such as aircraft, transport, biomedical, spacecraft, electrical appliances, subsea, construction & ... Read more