The global smart materials market is expected to grow significantly during the forecast period due to increased demand for sensors and actuators in consumer goods, electronics, and aerospace and defence. Furthermore, the automotive industry is moving toward smart vehicles to replace traditional materials in automobiles. The Smart Materials Market has high potential, and investments in R&D by top market players will see significant growth opportunities during the forecast period. In recent years, the increased adoption of automatic and high-tech machines has resulted in an increase in demand for piezoelectric materials. Numerous initiatives by local governments and private organisations to promote the use of non-conventional energy resources are numerous. Than fossil fuels have driven market demand for smart materials such as piezoelectric devices in recent years
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