Germany piezoelectric devices market is expected to grow at a CAGR of around 6.0% during the forecast period.  Germany is the largest economy in Europe and the 5th largest economy globally. The country is a leading exporter of vehicles and their supplier. The GDP of the country in 2019 was $3.8 trillion. According to the European Union, the German economy has a significant share in the automotive sector coupled with the German-based major automobile brands. This includes Audi, BMW, Ford, Iveco, MAN, Mercedes, Opel, Porsche and Volkswagen. Along with OEM, the country has a well-renowned supplier base which supplies its products all across the globe. Some major is Bosch, Continental, ZF TRW, BASF SE, Mahle GmbH, Thyssen Krupp and so on. 

With the increasing manufacturing in the automobile segment, technology is being incorporated at par within the vehicles. Smarter and safer automotive is being developed in order to ensure regulatory compliance for passenger safety. Piezoelectric devices are used as actuators, injectors and sensors for better controlling, adjusting and sensing of systems. Along with direct use, robotics and mechanical machinery are used for manufacturing and testing vehicles are also equipped with piezoelectric devices and sensors. Components such as airbags, side mirrors, internal combustion engine, and fuel injectors are the major application areas for piezoelectric sensors and devices. Therefore, the growth in the automobile segment is primarily contributing to the adoption of piezoelectric devices in the country.

Key players in the market include CeramTec Holding GmbH, Harris Corp., and Piezocryst Advanced Sensorics GmbH. These players are adopting strategies that enable to expand their market share and gain a competitive advantage over their competitors. For instance, in August 2017, Piezocryst Advanced Sensorics GmbH introduced a new version of CP501 miniature pressure sensor. The company introduced CP521 for monitoring pressure pulsations at high temperatures and in extreme conditions in compressors, gas turbines or turbochargers. The sensor features GaPO4 sensing elements and Crystal Match technology which enable precise measurements even at high-temperature gradients.

Research Methodology

The market study of the Germany piezoelectric devices market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Germany Piezoelectric Devices Market Research and Analysis by Application
2. Germany Piezoelectric Devices Market Research and Analysis by Material
3. Germany Piezoelectric Devices Market Research and Analysis by Product

The Report covers:

• Comprehensive research methodology of the Germany piezoelectric devices market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regulations and other government policies impacting the Germany piezoelectric devices market.
• Insights about market determinants which are stimulating the Germany piezoelectric devices market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.