Market Research Report
Piezoelectric Devices Market by Material (Piezoelectric Ceramics, Crystals, Polymers), Product (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer), and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||923894|
|Published||Content info||195 Pages
Delivery time: 1-2 business days
|Piezoelectric Devices Market by Material (Piezoelectric Ceramics, Crystals, Polymers), Product (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer), and Region - Global Forecast to 2025|
|Published: January 31, 2020||Content info: 195 Pages||
"Piezoelectric devices market is expected to grow at CAGR of 3.7% from 2020 to 2025"
The global piezoelectric devices market is estimated to grow from USD 28.9 billion in 2020 to USD 34.7 billion by 2025; at a CAGR of 3.7%. Increasing adoption of piezoelectric energy harvesting technology is one of the factors driving the growth of this market.
Among products, the market for piezoelectric generators is expected to grow at the highest CAGR during the forecast period. Piezoelectric generators are used in various portable medical devices that monitor blood sugar, medication, and vital signs. The increasing demand for these generators in consumer electronic devices is expected to accelerate the growth of the piezoelectric devices market in the near future.
Among materials, the market for piezoelectric polymers is expected to grow at the highest CAGR during the forecast period. The growth is attributed to their various features such as broad resonance bandwidth, low acoustic impedance, low fabrication cost, lightweight, fast processing; and their adoptions in healthcare applications.
The aerospace & defense application held the largest share of the piezoelectric devices market in 2019. This is attributed to the increasing adoption of piezoelectric-device based products such as sensors, actuators, and motors for aerospace & defense applications. Piezoelectric actuators are mainly being used in different parts of aircraft for damping undesirable vibrations. The reduction of sound levels in helicopters has drawn a lot of interest, however, the technology is also applied in planes, wind turbines, motors, machine tools, and laboratory tables.
Europe is the second-largest market for piezoelectric devices, owing to the presence of lucrative automotive, healthcare, and industrial & manufacturing verticals in the region. Moreover, Europe is home to huge players in the piezoelectric devices market such as Physik Instrumente (PI) GmbH & Co. KG (Karlsruhe, Germany), CeramTec GmbH (Plochingen, Germany), and piezosystem jena GmbH (Jena, Germany). These players are considered as trendsetters in this market by developing innovative piezoelectric-based products and devices, which are used in multiple application areas.
Major players profiled in this report:
This report offers detailed insights into the piezoelectric devices market based on material, product, application, and region. Based on material, the piezoelectric devices market has been segmented into piezoelectric-ceramics, crystals, polymers, and composites. Based on product, the market has been divided into piezoelectric-actuators, sensors, motors, transducers, generators, and others. Based on application, the piezoelectric devices market has been classified into aerospace & defense, industrial and manufacturing, automotive, healthcare, information and communication, consumer electronics, and others. The market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
The report is expected to help market leaders/new entrants in this market in the following ways:
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.