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Article | REF: M530 V3

Shape Memory Alloys - Technology and Industrial Applications

Authors: Alain HAUTCOEUR, Étienne PATOOR, André EBERHARDT

Publication date: September 10, 2024

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6. AMF market

6.1 Market size

According to a report by Allied Market Research, the global market for shape memory alloys was valued at $9.2 billion in 2020, and is expected to reach $19.5 billion by 2030, growing at a CAGR of 7.8% during this period .

According to Grand View Research, the global market size for shape memory alloys is expected to reach $18.9 billion by 2025, growing at a CAGR of 10.7% between 2019 and 2025 .

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