The
global smart surfaces market is projected to grow drastically in the
coming few years. According to Transparency Market Research (TMR),
this market will expand at a CAGR of 66.4% during the forecast period
from 2015 to 2021. The global smart surfaces market will go from
being worth just US$0.4 bn in 2014 to a value of US$20.5 bn in 2021.
High
Demand for Self-cleaning Smart Surfaces to Drive Market
Smart
surfaces refer to surfaces covered with nano-sized structures.
Smart surfaces are increasingly becoming popular due to their unique
applications. Some of the key application sectors of the global smart
surfaces market are electronics, military, medical and healthcare,
transportation, energy, construction, and security.
The
global smart surfaces market is projected to witness growth majorly
due to the rising demand for surfaces that are easier to clean and do
not let dust accumulate. The segment of self-cleaning materials
presently leads the global smart surfaces market. Self-cleaning
materials are used in sectors such as construction and
transportation.
Increasing
demand for anti-microbial surfaces in the medical and healthcare
sector is one of the major factors fueling the demand for smart
surfaces globally. With increasing health awareness the demand for
antimicrobial surfaces in medical and healthcare sector has increased
considerably in the recent past. Antimicrobial coatings are used in
order to prevent the growth of microorganisms including bacteria,
parasites, fungi and other germs. However, with presence of large
number of regulations regarding the usage of materials as coatings
companies are making huge amount of investments in research and
development activities to develop coatings complying with
regulations.
Key
Lucrative Market Sectors: Electronics and Transportation
The
segment of transportation is projected to dominate the global smart
surfaces market in the foreseeable future. This sector is projected
to be worth US$6.4 bn by 2021. The transportation smart surfaces
segment benefits from the rising demand for smart windshields in the
luxury car market sector.
Another
lucrative sector in the global smart surfaces market is that of
electronics. This sector is expected to expand at a remarkable CAGR
of 72.6% during the forecasting horizon. The electronics sector in
the global smart surfaces market will benefit from the accelerating
demand for scratchproof surfaces.
Global
Smart Surfaces Market: By Application
Construction
Energy
Transportation
Medical
and Healthcare
Antimicrobial
Smart Surfaces
Drug
Delivery Surfaces
Others
Electronics
Military
and Security
Others
Asia
Pacific to Emerge as Global Leader in Smart Surfaces Market
At
present, North America is leading the global smart surfaces market.
However, it is the Asia Pacific region that will emerge as the
dominant sector in the global smart surfaces market by the end of the
forecasting horizon. The Asia Pacific smart surfaces market is
fuelled by the presence of several automobile manufacturing utilities
and upcoming business utilities. Asia Pacific is expected to register
a notable CAGR of 74.5% during the forecast period in the global
smart surfaces market.
The
global smart surfaces market is fragmented in nature and no single
major player dominates in all verticals. In addition to this, smart
surfaces being a relatively new technology, many new entrants are
penetrating this market with their prime focus on R&D. A research
team at the University of Birmingham has invented a sensor chip that
can be used to improve the accuracy and efficiency of diagnosis of
prostate cancer. This chip features a smart surface made with
nano-cavities that contain the particular target glycoprotein.
Another firm, mPhase, has come up with a smart surface that keeps
essential components of a battery (solid and liquid electrodes)
separate till power is needed. This smart surface technology is now
being used to develop a smart drug delivery system.
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