PUBLISHER: Roots Analysis | PRODUCT CODE: 1836225
PUBLISHER: Roots Analysis | PRODUCT CODE: 1836225
As per Roots Analysis, the global piezoelectric material market size is estimated to grow from USD 1.63 billion in the current year USD 2.83 billion by 2035, at a CAGR of 5.14% during the forecast period, till 2035.
The opportunity for piezoelectric material market has been distributed across the following segments:
Type of Material
Type of Application
Type of End User
Geographical Regions
Piezoelectric Material Market: Growth and Trends
Piezoelectric materials are advanced types of materials that produce electric charge when exposed to mechanical pressure or stress. The term "piezoelectric" comes from the word piezoelectricity, where "piezo" refers to pressure or stress. Therefore, these materials possess special attributes known as the piezoelectric effect, which enables them to generate an electric charge in response to applied mechanical forces. The initial observation of the piezoelectric effect occurred in the 1880s, thanks to the contributions of brothers Pierre and Jacques Curie. Moreover, the first practical use of piezoelectric devices was in sonar technology, which emerged during World War I.
As technology has developed, the variety of both natural and synthetic materials exhibiting piezoelectric effects has expanded. Natural examples include berlinite, quartz, topaz, and tourmaline, while synthetic materials such as barium titanate and lead zirconate titanate (PZT) demonstrate outstanding properties that render them highly suitable for uses in transducers, ultrasonic devices, and vibration sensors. The adaptability of these ferroelectric materials amplifies their importance across various sectors.
The distinct characteristics of piezoelectric materials establish them as highly sought-after resources in diverse applications, including sound detection, high-voltage generation, microbalances, and electronic frequency generation. Consequently, the use of piezoelectric materials in industries such as automotive, aerospace, and consumer electronics has been on the rise. Furthermore, piezoelectric actuators, which play a crucial role in converting electrical energy into mechanical motion for precise control in automotive, robotics, and various other fields, contribute to the growing demand for these materials in the market. As a result, owing to the above mentioned factors, the piezoelectric material market is anticipated to grow significantly during the forecast period.
Piezoelectric Material Market: Key Segments
Based on type of material, the global piezoelectric material market is segmented into ceramics, composites, polymers, and others. According to our estimates, currently, the ceramic segment captures the majority of the market share. Additionally, this segment is expected to grow at a relatively higher CAGR during the forecast period, due to the rising demand for lightweight piezoelectric materials in the aerospace sector. Additionally, the enhanced properties of composites, such as resistance to corrosion and lower maintenance requirements, contribute to the growing demand for these materials.
Based on type of application, the global piezoelectric material market is segmented into acoustic devices, actuators, generators, sensors, sonar, and transducers. According to our estimates, currently, the actuators segment captures the majority of the market share, driven by the extensive use of actuators for precise control and movement in areas such as robotics, aerospace, and industrial automation.
On the other hand, the sensor segment is anticipated to grow at a higher CAGR during the forecast period, owing to its broad application across multiple industries, increasing innovations in wearable and Internet of Things (IoT) devices, and advancements in medical imaging technologies.
Based on type of end user, the global piezoelectric material market is segmented into aerospace & defense, automotive, consumer goods, healthcare, information & telecom, and others. According to our estimates, currently, the automotive sector captures the majority of the market share. This growth can be attributed to the widespread application of sensors in fuel injectors, knock sensors, airbag deployment systems, and tire pressure monitoring systems.
Based on geographical regions, the piezoelectric material market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. Further, market in Asia is expected to grow at a higher CAGR during the forecast period, owing to the increasing consumer electronics demand and the expansion of the automotive industry.
Piezoelectric Material Market: Research Coverage
The report on the piezoelectric material market features insights on various sections, including:
Key Questions Answered in this Report
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