The global biomimetic materials market is expected to register a notable CAGR over the forecast period. Increasing demand for medicaments, robotics, information technology, telecommunication, and the automotive industry is anticipated to drive the market. Moreover, growth in the organ industry and bionics is anticipated to trigger growth in near future.
Biomimetic materials are intelligent and dynamic in nature and possess extrinsic and intrinsic capabilities which allow them to change as per external environment conditions. The chemical composition of these materials is responsible for these adaptive changes. The materials exhibit change according to external conditions. This increases the range of product applications across different industries such as robotics and biomedical implants.
Recent studies in material science have led to the development of advanced products for specific applications. These advanced materials are more functional than conventional products such as polymers/plastics, ceramics, glass, and metals. Biomimetic materials are a class of such products that are capable of performing basic functions based on properties such as temperature and pressure. This functionality can be further used in complex systems by making alterations in the chemical structure and adding properties. For instance, application in vibrissal sensing system in robots to replace or supports sensory systems such as computer touch.
One of the major restraints to the growth of the market is the obstacle in the commercialization of prototypes owing to the requirement of high sophistication. In addition, the high per unit cost of production associated with low volume sales can prove to be a major deterrent for growth.
On the basis of application, the market for biomimetic materials can be segmented into medical, information technology, robotics, defense, telecommunication, and automotive. The piezo-electric devices offer high precision and response time, which is expected to drive the market growth. The piezo-electric actuators have a wide range of applications in industries such as automotive, photonics and optics, semiconductors, and telecommunications. The exponential growth of these industries is anticipated to drive the demand for biomimetic materials over the forecast period.
Increasing application in non-invasive techniques such as ECG, CT scan, and ultrasound in the healthcare industry is one of the major market drivers. In addition, the development of artificial organ implants using such products and electronics components used as replacements of failed natural organs are likely to propel market growth. The major applications of the Biomimetic materials market include scaffolds, which react to temperature, pressure, and account the use of electricity in human neural networks. As a result, rising product demand from the healthcare industry is expected to drive the market over the forecast period.
Biomimetic materials exhibit adhesive properties, termed as Gecko-effect. This Gecko effect has wide applications in computer architecture and the medical field. In addition, this effect allows the material applications in nano-surgeries and repairing cracks in bridges, peers, and ships. In addition, it is also used for the maintenance of satellites and providing adhesive effects to car tires. Furthermore, it also provides adhesive properties to robots applied to wash doors, windows, and ceilings.
The sensing and balancing application of biomimetic materials include the development of electroactive polymers, shaping memory alloys, and piezoelectric devices. These properties can be integrated into robots used for the protection of infantry soldiers from booby traps, hidden hostile forces, and explosives. The self-repairing properties allow to develop composite products to produce automotive, satellites and construct bridges.
The color-changing properties of biomimetic materials can be used in the development of color-changing clothing. The behavioral patterns of a living body can be integrated into a robot using the biomimetic approach. This approach makes use of reflexes and central pattern generators to apply properties in the robot to define its posture, omni-directional walking, and smooth gait transition. This allows robots to walk through rough terrains and obstacles such as grasslands, sand, rock piles, and concrete. Furthermore, it can be used to design and integrate neural networks in robots.
Based on region, the biomimetic materials market can be segmented into North America, Europe, Central and South America, Asia Pacific, and Middle East and Africa. North America held the largest market share of 40% in terms of revenue in 2016. It is the major market for biomimetic materials owing to high consumption from electronic, electrical, construction, information technology, and healthcare industries.
Europe is expected to witness growth at a steady pace owing to growth in automobiles followed by, information technology, and healthcare industries. The environmental control and vibration control properties of biomimetic materials are the major regional market drivers. Asia Pacific is also expected to showcase a high CAGR during the forecast period due to incremental growth in infrastructure and production industry and rising product adoption.
Key players in the biomimetic materials market are TDK Corporation, Wright Medical Group, CTS Corporation, CeramTec, NOLIAC A/S, APC International, Kyocera Corporation, Channel Technologies, Advanced Cerametrics, and LORD Corporation, among others.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
"The quality of research they have done for us has been excellent."
The shortage in supply of raw materials from Chinese manufacturers has resulted in a severe demand-supply gap. The manufacturers are further expected to be stranded on raw material orders owing to the logistics industry being significantly impacted due to lockdown amid COVID-19. However, the producers are expected to move away from China aiming to reduce the future risks that would affect the business and to reduce the manufacturers' cluster in a single country in order to smoothen the supply chain. The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.