Market Research Report
Global Piezoelectric Devices Market Size study, by Product, by Material, by End useand Regional Forecasts 2021-2027
|Global Piezoelectric Devices Market Size study, by Product, by Material, by End useand Regional Forecasts 2021-2027|
Published: July 5, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Piezoelectric Devices Market is valued at approximately USD 27.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.3 % over the forecast period 2021-2027. A piezoelectric device calculates changes in pressure, temperature, acceleration, strain, or force by converting them to an electric charge via the piezoelectric effect. These piezoelectric devices are used in a variety of industries, including aerospace, nuclear instrumentation, and medical, for process control, quality management, and research and development. The aerospace industry uses piezoelectric ceramic, crystal, and composite-based piezoelectric devices such as piezoelectric sensors, actuators, motors, transducers, and generators. They are commonly employed in aircraft wing morphing and flapping components, active dampening of high-frequency vibrations in mechanical structures, health monitoring systems, and missile seeker design. Furthermore, piezoelectric sensors such as high-temperature sensors, pressure sensors, ultrasonic sensors, and flow sensors can aid in improving fuel efficiency, lowering fuel consumption, lowering carbon emissions, and lowering maintenance costs and system failure rates. Low-frequency MEMS vibration sensors are also utilized to assess the health of low-power missiles. Additionally, piezoelectric sensors are utilized to test various satellite components. As a result, the aerospace industry requires next-generation sensing systems for greater aircraft structure safety and dependability, as well as lower operational costs. The demand for piezoelectric devices is likely to rise over the forecast period, owing to fast technological advancements in the aerospace industry. However, Strict government policies that mandate use of lead-free piezoelectric materials may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global Piezoelectric Devices Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Asia Pacific is the leading region across the world in terms of market share due to increasing government initiatives for expanding the manufacturing sector in the region. Whereas Europe is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to growing demand for automobiles across the region.
Major market player included in this report are:
L3HARRIS TECHNOLOGIES INC.
Physik Instrumente GmbH & Co. KG.
APC International Ltd.
piezosystem jena GmbH
Mad City Labs Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End use:
Aerospace and Defense
Industrial and Manufacturing
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.
Target Audience of the Global Piezoelectric Devices Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures