Modern materials sciences take as their objective to develop and tailor materials with a desired set of properties suitable for a given application. Next to conventional approaches, predictive modelling and simulation is more and more used. This results into a rapidly increasing knowledge base, allowing for more precise experimental set-ups, more precise simulations and tailoring of goal-oriented materials. They play a key role in the value chain and in product innovation. Although limited profits are made from materials, materials are technology enablers for new high added value products and therefore a key in innovation acceleration. More success and increased opportunities for applications is the outcome. The SMART project aimed at providing support for future strategic decisions in this sector to foster the strengthening of the European Research Area.