Giant Magnetostrictive Materials Industry Research：the global market size is projected to reach USD 0.27 billion by 2030

Giant magnetostrictive material is a kind of excellent engineering material for its large magnetostriction, fast response speed and high energy density. And giant magnetostrictive injector which employs giant magnetostrictive material driving an electronic controlled injector may be one new promising injector. With more adjustable injection rate, giant magnetostrictive injector can promote energy utilization and reduce pollution emission.

The giant magnetostrictive material (GMM) market is showing significant growth, driven by advancements in applications across various sectors, including aerospace, automotive, and industrial automation. Here are some key trends:

 

Increasing Demand for Sensors and Actuators: GMMs are widely used in sensors and actuators due to their ability to provide high sensitivity and precise control. The rise in automation and smart technology integration in industries is boosting demand.

 

Technological Advancements: Research is ongoing to enhance the performance and reduce the production costs of GMMs. Innovations in material science are leading to the development of new alloys and composites that improve magnetostrictive properties.

 

Growing Applications in Healthcare: There is an increasing use of GMMs in medical devices, particularly in ultrasound imaging and therapeutic applications, driven by the need for more efficient and precise medical instruments.

 

Integration with IoT: The integration of GMMs with IoT technologies is enabling real-time data monitoring and analytics, which is vital for predictive maintenance and process optimization in industrial settings.

 

Geographical Expansion: Emerging economies in Asia-Pacific are becoming key markets due to rapid industrialization and increased investment in infrastructure, driving demand for advanced materials.

 

Sustainability and Eco-Friendly Practices: There is a growing focus on sustainable manufacturing practices and the development of eco-friendly materials, prompting research into environmentally friendly GMMs.

 

Market Consolidation: The market is witnessing consolidation, with companies merging and forming partnerships to leverage synergies and enhance their product offerings.

According to the new market research report “Giant Magnetostrictive Materials- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Giant Magnetostrictive Materials market size is projected to reach USD 0.27 billion by 2030, at a CAGR of 7.0% during the forecast period.

 

• Global Giant Magnetostrictive Materials MarketSize(US$ Million), 2019-2030

 

Source: QYResearch, "Giant Magnetostrictive Materials- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

 

• Global Giant Magnetostrictive Materials Top3Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

 

Source: QYResearch, "Giant Magnetostrictive Materials- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

According to QYResearch Top Players Research Center, the global key manufacturers of Giant Magnetostrictive Materials include TdVib, Grinm Advanced Materials, etc. In 2023, the global top three players had a share approximately 84.0% in terms of revenue.

Market Drivers:

GMMs are widely used in actuators and sensors due to their high accuracy and fast response to magnetic fields, making them ideal for precision applications in fields like robotics, aerospace, and industrial automation.

GMMs are used in smart materials and structures that adapt to environmental changes. They are essential in vibration damping, noise reduction, and structural health monitoring in industries like construction, aerospace, and automotive.

The increasing use of GMMs in active vibration control systems, particularly in manufacturing and transportation, is a strong market driver.

GMMs are being explored for their potential in improving the efficiency of renewable energy systems, particularly in wind turbines where vibration control and structural health monitoring are critical.

Market Challenges:

GMMs, such as Terfenol-D, are typically made from rare earth elements like terbium and dysprosium. These materials are expensive and subject to price volatility, making the production of GMMs costly.

Manufacturing GMMs involves complex processes such as precise alloying and shaping, making it difficult to produce high-quality materials at scale. This increases production costs and limits widespread adoption, particularly in industries requiring large volumes.

GMMs, like other magnetostrictive materials, exhibit hysteresis (lag in response to the magnetic field) and heat generation during operation. These effects can reduce efficiency and performance, particularly in high-frequency applications, limiting their potential in fast-response systems.

Brittleness of Some Alloys: Some GMMs, particularly rare-earth-based materials, can be brittle and prone to mechanical failure under stress or strain. This limits their use in applications that require high mechanical robustness or long-term reliability.

Piezoelectric materials, which also convert mechanical energy into electrical energy and vice versa, are often seen as competitors to GMMs. Piezoelectric materials are widely used in similar applications, such as sensors, actuators, and energy harvesting systems, and they offer easier integration and lower costs in some cases.

 

About The Authors

Zhang Xiong - Lead Author

Email: zhangxiongg@qyresearch.com

Zhang Xiong is a technology & market senior analyst specializing in electronics and semiconductor, home appliances, Zhang has 8 years’ experience in electronics and semiconductor and focuses semiconductor materials (lead frame, EUV Photoresists, CMP Consumables, etc.), ICs, sensors/MEMS, RF, package & testing, etc. Typical studies include home appliances (coffee machines, refrigerators, washing machines, air conditioners, etc.) He is engaged in the development of technology and market reports and is also involved in custom projects.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting (data is widely cited in prospectuses, annual reports and presentations), industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

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