Shape Memory Alloys Global Market Report 2026

Shape memory alloys are metal alloys characterized by their ability to remember their original shape and regain it when the deforming force is removed. They exhibit a change in shape when exposed to heat and possess properties such as high strength, good elasticity, and lightweight characteristics. These alloys are widely used as functional materials in various fields due to their superelasticity property.

The main product types of shape memory alloys include sheets, wires, tubes, rods, and springs. Shape-memory alloy sheets are alloys that recall their original shape and revert to it when heated after being distorted. Various materials are utilized in shape memory alloys, such as nickel-titanium, copper-based alloys, iron-based alloys, silver-based alloys, gold-based alloys, and cobalt-based alloys. The end-use industries for shape memory alloys encompass biomedical, aerospace and defense, automotive, consumer electronics, and home appliances.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on imported shape memory alloys have influenced the market by raising costs and affecting supply chains, particularly impacting nickel-titanium and specialty SMA wires, rods, and springs in north america, europe, and asia-pacific. While tariffs have increased import expenses, they have encouraged domestic production, promoted local innovation, and boosted the development of cost-effective SMA solutions for regional industries.

The shape memory alloys market research report is one of a series of new reports from The Business Research Company that provides shape memory alloys market statistics, including shape memory alloys industry global market size, regional shares, competitors with a shape memory alloys market share, detailed shape memory alloys market segments, market trends and opportunities, and any further data you may need to thrive in the shape memory alloys industry. This shape memory alloys market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The shape memory alloys market size has grown rapidly in recent years. It will grow from $15.6 billion in 2025 to $17.36 billion in 2026 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to early adoption in biomedical devices, growth in automotive applications, development of aerospace components, advancement in consumer electronics, expansion in home appliance manufacturing.

The shape memory alloys market size is expected to see rapid growth in the next few years. It will grow to $26.05 billion in 2030 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing use in robotic actuators, rising demand in aerospace and defense, expansion in electric vehicle components, growth in smart home and consumer electronics, development of advanced ni-ti and copper-based sma materials. Major trends in the forecast period include development of high-performance ni-ti alloys, expansion of shape memory alloy springs and rods applications, integration of sma in automotive and aerospace components, rising adoption in biomedical and home appliance applications, advancement in specialty sma wires and tubes.

Rising demand for consumer electronics is expected to drive the growth of the shape memory alloys market in the coming years. Consumer electronics are electronic devices designed for everyday personal use, covering communication, entertainment, and productivity applications. Demand for consumer electronics is increasing due to the growing adoption of advanced smart devices, as consumers look for compact, high-performance, and feature-rich electronic products. Shape memory alloys help meet the rising demand for consumer electronics by enabling miniaturized, responsive, and durable components such as actuators, antennas, and vibration-control elements that improve device functionality and user experience. For example, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based electronics industry organization, consumer electronics production reached $280 million (¥32,099 million), up from $230.9 million (¥25,268 million) in May 2022. Therefore, the increasing demand for consumer electronics is driving the growth of the shape memory alloys market.

Leading companies in the shape memory alloys market are focusing on developing innovative products, such as shape memory alloy actuators, to achieve a competitive edge and improve their product offerings. A shape memory actuator is a device that uses materials that change shape in response to temperature fluctuations, enabling precise movements in applications like optical image stabilization and autofocus in camera systems. For instance, in July 2023, Huawei, a manufacturing company based in China, introduced the P60 series, which includes flagship smartphones like the Huawei P60, P60 Pro, and P60 Art, recognized for their advanced camera systems and state-of-the-art technology. This series features a triple camera system, highlighted by a remarkable 48MP main camera equipped with a ten-speed variable aperture for enhanced light capture and image quality. Furthermore, these devices employ shape memory alloy (SMA) actuators for optical image stabilization (OIS) and autofocus (AF), improving performance in both still photography and video recording. The P60 Pro has garnered significant acclaim, achieving a score of 156 points on DxOMark for its outstanding stabilization and low-light performance.

In October 2023, Resonetics LLC, a US-based contract manufacturing and shape memory alloy (SMA) technology company, acquired Memry Corporation and SAES Smart Materials from SAES Getters S.p.A. for approximately $900 million. Through this acquisition, Resonetics sought to vertically integrate a leading SMA (nitinol) supply chain, broaden its material and processing capabilities for medical devices, and reinforce its position in advanced shape memory alloy products. Memry Corporation and SAES Smart Materials Inc. are US-based shape memory alloy companies that specialize in nitinol material production and processing, including alloy fabrication, tubing, wire, and precision components for medical device applications.

Major companies operating in the shape memory alloys market report are SAES Getters SpA, Fort Wayne Metals Research Products Corp., Xi'an Saite Metal Materials Development Co. Ltd., Dynalloy Inc., Allegheny Technologies Incorporated, Furukawa Electric Co. Ltd., Baoji Seabird Metal Materials Co. Ltd., G. RAU GmbH & Co. KG, Admedes Schuessler GmbH, Memry Corporation, ALB Materials Inc., Seabird Metal Material Co. Ltd., Ultimate Niti Technologies Inc., Nitinol Devices & Components Inc., Endosmart GmbH, Confluent Medical Technologies India Pvt. Ltd., Ingpuls GmbH, Consolidated Aerospace Manufacturing, Nippon Seisen Co., Ltd., Mitsubishi Materials Corporation, Alcoa Corporation, Hangzhou Ualloy Material Co. Ltd., Boston Centerless Inc.

North America was the largest region in the shape memory alloys market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shape memory alloys market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the shape memory alloys market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The shape memory alloys market consists of sales of nickel and titanium. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Shape Memory Alloys Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses shape memory alloys market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for shape memory alloys ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The shape memory alloys market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Sheets; Wires; Tubes; Rods; Springs
• 2) By Material: Nickel-Titanium; Copper-Based; Iron-Based
• 3) By End-Use Industry: Biomedical; Aerospace And Defense; Automotive; Consumer Electronics; Home Appliances
• Subsegments:
• 1) By Sheets: Thin Sheets; Thick Sheets
• 2) By Wires: Standard Wires; Specialty Wires
• 3) By Tubes: Straight Tubes; Coiled Tubes
• 4) By Rods: Solid Rods; Hollow Rods
• 5) By Springs: Compression Springs; Tension Springs; Torque Springs
• Companies Mentioned: SAES Getters SpA; Fort Wayne Metals Research Products Corp.; Xi'an Saite Metal Materials Development Co. Ltd.; Dynalloy Inc.; Allegheny Technologies Incorporated; Furukawa Electric Co. Ltd.; Baoji Seabird Metal Materials Co. Ltd.; G. RAU GmbH & Co. KG; Admedes Schuessler GmbH; Memry Corporation; ALB Materials Inc.; Seabird Metal Material Co. Ltd.; Ultimate Niti Technologies Inc.; Nitinol Devices & Components Inc.; Endosmart GmbH; Confluent Medical Technologies India Pvt. Ltd.; Ingpuls GmbH; Consolidated Aerospace Manufacturing; Nippon Seisen Co., Ltd.; Mitsubishi Materials Corporation; Alcoa Corporation; Hangzhou Ualloy Material Co. Ltd.; Boston Centerless Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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