Piezoelectric Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Piezoelectric Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • September 2021 •
  • 141 pages •
  • Report ID: 5997572 •
  • Format: PDF
The global piezoelectric devices market exhibited moderate growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Piezoelectric devices refer to the equipment that utilizes the piezoelectric effect to measure acceleration, pressure, temperature and force by converting the surrounding mechanical energy into an electrical pulse. Some of the commonly used piezoelectric devices include generators, sensors, actuators and transducers. They are manufactured using piezoceramics, such as quartz, to transform physical force into alternating current (AC) on being subjected to mechanical stress or vibrations. In comparison to their traditionally used counterparts, these devices are not affected by electromagnetic fields and radiations and can be used in extreme conditions. As a result, piezoelectric devices find extensive applications across various industries, such as automotive, healthcare, information technology (IT) and telecommunication, consumer goods, aerospace & defense and manufacturing.

Significant growth in the electronics and automotive industries represents one of the key factors creating a positive outlook for the market. Furthermore, the easy availability of piezoceramics across the globe is also driving the market growth. Piezoceramics offer a faster response rate, higher output, frequency and sensitivity and can be easily used for low- and high-voltage drive circuits. They are also widely used in pressure sensors, sonar equipment, diesel fuel injectors, solenoids, optical instruments and ultrasonic cleaners, which, in turn, is contributing to the market growth further. Additionally, various technological advancements, such as the development of miniaturized nanogenerators, are anticipated to drive the market further. Piezoelectric nanogenerators are used in portable consumer devices, such as smartphones, smartwatches, laptops and tablets, to harvest vibration energy and cater to the energy requirements of the device. In line with this, piezoelectric actuators are also used in the healthcare sector for precision and stability in microscopy for diagnostic applications.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global piezoelectric devices market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, material and application.

Breakup by Product Type:

Breakup by Material:

Breakup by Application:
Information Technology and Telecommunication
Consumer Goods
Aerospace and Defense

Breakup by Region:
North America
United States
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Aerotech Inc., APC International Ltd, CeramTec GmbH (BC Partners), CTS Corporation, Kistler Instruments India Pvt. Ltd. (Kistler Holding AG), L3harris Technologies Inc., Mad City Labs Inc., Morgan Advanced Materials Plc, Physik Instrumente (PI) GmbH & Co. KG, Piezomechanik Dr. Lutz Pickelmann GmbH and Piezosystem jena GmbH. Key Questions Answered in This Report:
How has the global piezoelectric devices market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global piezoelectric devices market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the material?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global piezoelectric devices market and who are the key players?
What is the degree of competition in the industry?