Shape Memory Alloys Market Share

North American Market Forecast

North America industry is anticipated to account for largest revenue share of 30% by 2037, backed by growing manufacturing of aircraft. In 2021, the number of general aviation aircraft in the US fleet was projected to increase to roughly 204,404 aircraft. On the contrary hand, the number of aircraft in the fleet of for-hire carriers fell to approximately 5,814 units. It is anticipated that in 2022, there will be about 6,869 carrier aircraft that are available for lease. Additional factors encouraging the market size in this region include considerable bioengineering research and development.

APAC Market Analysis

The shape memory alloys industry in Asia Pacific is also estimated to have significant growth over the forecast period. Due to lower costs of production and straightforward access to raw materials, automobile and other manufacturing industries have experienced rapid expansion. As a result, this factor is also anticipated to promote market growth in the years to come.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of intestinal pseudo-obstruction treatment is evaluated at USD 20.98 billion.

The shape memory alloys market size was valued at USD 19.06 billion in 2024 and is set to exceed USD 89.15 billion by 2037, expanding at over 12.6% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by rising demand for automotive, growing application of shape memory alloys in robotics, and rising deployment of shape memory alloys in fire alarm.

North America industry is anticipated to account for largest revenue share of 30% by 2037, backed by growing manufacturing of aircraft in the region.

The major players in the market are Dynalloy, Inc., Fort Wayne Metals, SAES Getters S.p.A., Nitinol Devices & Components, Admedes GmbH, Memry Corporation, Confluent Medical Technologies, Metalwerks, Johnson Matthey, Endosmart GmbH

Shape Memory Alloys Market Share