Nanotechnology has at least one dimension that is measured in nanometres (typically between 1 and 100 Nanometres). Nanofilms are very thin films, usually between a few nanometres to a few micrometres in thickness. Due to their small size, nanostructures and Nanomaterials as each have special qualities and capacities. Metals, semiconductors, and polymers are just a few of the many materials that can be used to create Nanotechnology. They are valuable in a variety of applications due to their distinctive optical, electrical, and mechanical characteristics.

The size of the worldwide Nanotechnology market was estimated at $1.76 billion in 2020, and it is anticipated that it would grow at a CAGR of 36.4% from 2021 to 2030 to reach $33.63 billion. Nanoscience and Nanotechnology involve the study of Nanomaterials and devices, which have applications in all branches of science, including chemical, biomedical, mechanical, and material research, among others. The manufacture and use of physical, chemical, and biological systems are all included in the Nanotechnology market

According to the United States National Nanotechnology Initiative, there are about 20,000 researchers engaged in the subject of nanotechnology. The Institute of Occupational Medicine in the UK has calculated that about 2,000 people work in universities and new Nanotechnology enterprises where they may be exposed to Smart Materials

Materials used in construction and engineering applications that are specifically intended to sustain loads and withstand stresses are known as structural Materials. The Nanomaterials of buildings, bridges, roads, and other infrastructure are made from materials that are typically strong, rigid, and long-lasting. These materials are selected for certain applications based on their strength, stiffness, ductility, durability, and cost-effectiveness. These Smart Materials attributes are investigated using various testing techniques to ascertain how the materials will behave in various loads and situations.

The global Nanomaterials market size was valued at USD 9.39 billion in 2021 and is expected to register at a CAGR of 14,9% during the forecast period. The market is expected to be driven by increasing demand for the product in electronic application owing to its increased surface area at the time of application coupled with its high superparamagnetic properties.  The application of Nanomaterials is also increasing in the medical industry on account of the utilization of products in various in-vitro and in vivo application.  The rising investment by various research laboratories and Biomaterials industries for increasing product penetration in targeted drug delivery, gene therapy.

An area of Materials Science called Computational Material Science uses computational techniques to comprehend the characteristics and behaviour of materials. Examples of these techniques include computer simulations and modelling. It enables scientists to predict the behaviour of substances at the atomic and molecular levels, which is often difficult or impossible to investigate experimentally. By enabling researchers to predict the behaviour of materials and create novel materials with particular features, Material Science offers an invaluable tool for Smart Material design. In order to enhance a material's qualities, processing might be optimised. The market for automobile interior materials is estimated to be worth USD 46.63 in 2018 and is expected to reach USD 55.41 billion by 2023, growing at a CAGR of 3.5%.

The term "advanced Smart Materials" refers to a new class of materials that may react to environmental changes like changes in temperature, pressure, light, or chemical composition. They are also known as "Material Chemistry" or "Material Physics". They can be utilised in a variety of applications, including as energy harvesting, sensing, and actuation, and are created to have a particular reaction to a particular stimulus.

The market for photocatalysts Materials is anticipated to develop at a CAGR of 5.2% from 2021 to 2028, when it is projected to reach USD 12,725.39 million. In its study on the photocatalyst market, Data Bridge Market Research offers analysis and insights into the numerous aspects that are anticipated to be present over the forecast period as well as their effects on the industry's expansion. The Polymer Chemistry is expanding at an accelerated rate as a result of the rise in water shortages brought on by the rapid industrial expansion.

The Healthcare Materials workshop will probably give guests a thorough overview of the various materials used in the healthcare sector as well as the potential advantages and difficulties related with their use. The most recent findings and innovations in the industry will be covered, along with the best methods for utilising materials in implants, Material Science, and other applications. Aside from case studies and discussions on potential future research and development directions for Healthcare Materials, the session may also feature presentations from subject-matter specialists.

Superconducting Materials Market Size was valued at USD 8.5 billion in 2021 and is expected to register a CAGR of up to 9.5% between 2022 and 2020, owing to the flourishing electronic industry and the rising use of Superconducting materials in medical devices.  A Superconducting material is a material that exhibits zero electrical resistance when cooled below a certain threshold temperature.  A Superconducting material can be a metal, non-metal, or metalloid. The medical industry has the highest application share as the Smart Materials are use in MRI machines.

In 2021, the size of the global graphene market was anticipated to be USD 125.7 million. From 2022 to 2030, this market is projected to increase at a CAGR of 45.9%. R&D demand from research institutions and international corporations is anticipated to increase, driving the market. Electronics, Biomaterials, energy storage, composites & coatings, and water & wastewater treatment are just a few of the key potential application fields for graphene. One of the key drivers propelling graphene research around the world is the increasing emphasis on miniaturisation. The product's conductivity and incredibly thin design have the potential to change the Semiconductor Materials.

Materials that are created and constructed using natural structures and principles are known as bioinspired materials. The strength, toughness, flexibility, and self-healing qualities of Material Science, as well as other characteristics, are mimicked in these materials. The creation of new materials with enhanced characteristics and capacities that can be employed in a variety of applications is the aim of Bioinspired Materials.

During the course of the forecast period, the market for Smart Materials is expected to grow at a rate of over 3%. (2022-2027). The COVID-19 outbreak led to global lockdowns, disruptions in supply chains and Smart Material  processes, and production halts, all of which had a detrimental effect on the market in 2020. Nevertheless, things started to turn around in 2021–2022, which is anticipated to accelerate market growth throughout the course of the projection year.

The market for Material Physics-based development is anticipated to grow from USD 1.19 billion in 2016 to USD 2.25 billion by 2025, at a CAGR of 9.77% from 2017 to 2024. There are numerous prospects for businesses involved in the industry as the global Semiconductor Materials market transitions through an intriguing stage. The global economic slump caused a decline in market revenue, but with increased demand for electronics devices and needs in new application areas, the industry is anticipated to maintain high growth momentum in the years to come.

The "Smart Materials" area serves as a venue for the quick publication of works related to the production, description, and use of all Smart Materials. By utilising the distinctive design and Nanomaterials of the materials, Smart Materials can go over the restrictions of their basic material characteristics. In numerous applications including sensors and actuators, or artificial muscles, robotics, etc., Smart Materials are made to change dramatically in a regulated way in response to external stimuli, such as stress, moisture, electric or magnetic fields, light, temperature, pH, or chemical compounds

Smart materials and Micro/nano-systems are subfields of Materials Science engineering that concentrate on the creation and investigation of cutting-edge materials and compact systems. Smart materials are those whose characteristics or behaviours can change in response to environmental factors including temperature, light, stress, or electrical or magnetic fields. Shape memory alloys and piezoelectric materials, which can transform mechanical stress into electrical energy, are two examples of Smart Materials. Shape memory alloys can be designed to return to a predetermined shape after being deformed. Several fields, such as robotics, aircraft, and biomedical engineering, could benefit from the use of these materials.