PUBLISHER: Orion Market Research | PRODUCT CODE: 1715270
PUBLISHER: Orion Market Research | PRODUCT CODE: 1715270
Piezoelectric Materials Market Size, Share & Trends Analysis Report by Type (Articulated, Cartesian, SCARA, Parallel, Cylindrical, and Collaborative), by Payload (Low, Medium, and High), and by Application (Packaging, Repackaging, Palletizing, Picking, Processing and Others) Forecast Period (2025-2035)
Industry Overview
The piezoelectric materials market was valued at $1,455 million in 2024 and is projected to reach $2,420 million in 2035, growing at a CAGR of 4.7% during the forecast period (2025-2035). The piezoelectric material market is growing owing to extensive applications in medical devices, vehicle sensors, consumer products, and industrial automation utilizing the materials. Higher energy-efficient and self-powered technology demands have increased the usage further for energy-harvesting products. Innovative technology in the area of materials science is fostering the development of new-generation high-performance, eco-friendly, and lead-free piezoelectric materials.
Market Dynamics
Increasing Demand in Energy Harvesting Solutions
Piezoelectric materials are also increasingly being used in energy harvesting for self-powered devices. Industries are embracing the use of such materials to convert mechanical vibrations into electrical energy to be used, as there is an increasing focus on sustainability. Piezoelectric systems are being integrated into urban infrastructure to harness electricity from pedestrian traffic and vehicle movement. Industrial equipment is also using the materials to supply power to wireless sensors, with fewer battery replacement requirements. The growing adoption of IoT devices has driven the demand for continuous and reliable power sources, driving up adoption even further. Scientists are successfully proving to make piezoelectric generators more efficient to enhance energy conversion rates. Aerospace and automotive sectors are exploring their use of structural health monitoring systems.
Growing Utilization in Healthcare and Wearable Devices
The ongoing trends towards the growth of piezoelectric material use in the healthcare industry, particularly in wearable devices. The capability of these materials to transform mechanical stress into electrical signals, and vice versa, renders them suitable materials for use in applications such as biosensors and energy harvesting from medical implants. Additionally, the development of piezoelectric films that are flexible has made them fit into wearable health monitoring systems. These can monitor vital signs, and activity, and even administer therapeutic stimulation. Advances in flexible and light piezoelectric materials are creating new fields of smart clothing applications.
Market Segmentation
The Cylindrical Segment is projected to Hold the Largest Market Share
The market for piezoelectric materials is growing owing to the demand for cylindrical-type materials. In cylindrical shape, piezoelectric materials offer higher sensitivity along with uniform stress distribution, which is appropriate for use in industrial automation, medical imaging, and aeronautical technology. Growing demand for high-performance and miniaturized devices is also increasingly boosting market growth further. In addition, advancements in ceramic and polymer-based cylindrical piezoelectric materials are accelerating durability and energy efficiency. Rising usage of such materials in non-destructive testing (NDT) and sonar systems is also boosting market growth further.
Processing Segment to Hold a Considerable Market Share
The piezoelectric materials market is growing owing to its pivotal role in industrial processing uses. These materials find extensive applications for enhancing precision and effectiveness in innovative manufacturing operations, precision machining, and non-destructive examination. Materials science provides high-performance piezoelectric composites with enhanced response and longevity. Their applications in the production of semiconductors and microelectronics have grown owing to the increased focus on miniaturization and high-frequency use. Their potential for commercial exploitation also has been triggered by their use in computer-controlled production lines and robots.
The global piezoelectric materials market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America)
Growing Industrial Automation and Advancements in Sensor Technology in Europe
Europe's market for piezoelectric materials is developing robustly owing to growing industrial automation and advancements in sensor technology. The high level of focus in Europe on energy-saving solutions is driving demand for high-performance piezoelectric components. Growing use in precision engineering and robotics applications is also contributing to the growth of the market. Telecommunication infrastructure, such as 5G networks, is increasing the demand for highly advanced piezoelectric materials. Greater investments in Industry 4.0 projects and smart manufacturing are driving innovation in the industry. The use of piezoelectric materials in innovative biomedical devices is also enhancing the market.
Asia Pacific Region Dominates the Market with Major Share
Asia-Pacific holds a significant share as the fast-growing consumer electronics business, such as smartphones, wearables, and medical devices, is driving demand for sophisticated piezoelectric components. Besides, the presence of a strong manufacturing industry base and technological growth in the region is driving piezoelectric material innovation. The growing trend in electric vehicle (EV) take-up and growth in smart infrastructure also contributes to the growth in the market. Government policies encouraging renewable energy and automation are also fueling expansion. Greater spending on research and development is enhancing material performance and efficiency. Piezoelectric materials are increasingly applied in the medical and aerospace sectors in high-precision applications.
The major companies serving the piezoelectric materials market include Arkema S.A., CeramTec GmbH, CTS Corp., L3Harris Technologies, Inc., PI Ceramic GmbH, and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
Recent Developments