According to a report of the “Piezoelectric Devices Market” by Material (piezocrystals, Piezoceramics, Piezopolymers and Piezocomposites), Product (Piezoelectric Sensors, Piezoelectric Actuators, Piezoelectric Transducers, Piezoelectric Motors, Piezoelectric Generators and Others), Application (Industrial and Manufacturing, Defense and Aerospace, Automotive, Healthcare, Information and Communication, Consumer Electronics and Others), and Region (North- America, Europe, Asia-Pacific, Middle East & Africa, South America) –is expected to reach US$ 27.9 Bn by 2027, at a CAGR of 4.58 %.
Piezoelectric sensors are useful tools for the measurement of many processes. They are used for quality assurance, procedure control, and for research and development in several industries. The quartz is the common piezoelectric material. Automotive, manufacturing, and industrial sectors are the major consumers of the piezoelectric devices. The information & telecommunication and medical devices sectors also mostly consume this device.
The increasing use of piezoelectric devices for energy harvesting applications and increasing funding from government and other investors into the market are the major driving factors of the piezoelectric device market. Also, the increasing automotive sector is projected to drive market growth.
The several opportunities are generating due to the Rising use of piezoelectric materials in nanotechnology, the growth of high-performance materials for piezoelectric devices, improvements in piezo motion technology, prominent chances for piezoelectric actuators and motors in automotive and healthcare actions.
The Industrial and manufacturing application segment to hold the largest market share
Industrial and manufacturing application segment is the leading the piezoelectric device market depending on the application. Piezoelectric motors, sensors, actuators, and transducers are several uses in industrial developments. Piezoelectric sensors such as ultrasonic sensors are used in sorting and material management and piezoelectric level sensor identify and monitor the level of materials in a container.
The piezoelectric actuators are expected to hold the largest market share
Actuators are expected to hold the major share of the market because actuators are mostly used to control industrial machining tools. The piezoelectric actuators are generally used in high accuracy positioning application in manufacturing and inspection apparatus due to their feature to control a mechanical movement at a high speed.
The Asia Pacific is expected to hold the largest market share
The Asia Pacific is projected to hold the largest size of the piezoelectric device market in the forecast period owing to raise the demand for piezoelectric technologies, increase in adoption of portable electronic equipment and evolution in the digitalization and information and communication markets.
This report contains a study of Marketing and development strategies, along with the Material portfolios of leading companies. It includes the profiles of leading manufacturers such as Exelis, Inc., Morgan Advanced Materials, APC International, Ltd., Piezosystem Jena GmbH, Physik Instrumente (PI) GmbH & Co. Kg., Aerotech Inc., CTS Corporation, Ceramtec GmbH, Mad City Labs Inc., Piezo Solutions, US Eurotek, Inc. and Piezomechanik Dr. Lutz Pickelmann GmbH.
MaximizeMarket research, a global Market research firm with a dedicated team of specialists and data has carried out extensive research about the global Piezoelectric Devices Market. Report encompasses the Market by different segments and region, providing the in-depth analysis of the overall Application ecosystem, useful for making informed strategic decision by the key stakeholders in the Application. Importantly, the report delivers forecasts and share of the Market, further giving an insight into the Market dynamics, and future opportunities that might exist in the global Piezoelectric Devices database Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing Market know-how of our clients and at the same time explain the global Piezoelectric Devices database market positioning of competitors.
Browse the Market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Piezoelectric Devices Market”.
MAXIMIZE MARKET RESEARCH PVT. LTD.
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.