Piezoelectric Device Market
Global Piezoelectric Device Market Size, Share & Trends Analysis Report by Applications (Aerospace, Automotive, Industrial and Manufacturing, Communication, Medical, Military and Defence, and Others) by Material (Naturally Occurring Crystal, Synthetic Derived Material) by Products (Actuators, Acoustic Devices, Motors, Transducers, Generators, Resonators, Sensors) Forecast 2022-2028
The global piezoelectric device market is anticipated to grow at a considerable CAGR of 4.7% during the forecast period. Increasing applications in medical & automotive and rising application of Nano technology are estimated to be the primary factors for driving the growth of the market. In addition, advancement in high speed communications is also estimated to contribute towards the growth of the market. Piezoelectric devices are widely used in the manufacturing of sensors that are used widely in automotive such as knock sensors, distance sensors and so on. Furthermore, other applications of piezoelectric devices in automotive such as usage in air bag sensors, anti-lock braking and so on. Piezoelectric device are the devices made up of piezoelectric substances. Piezoelectric substances can change their shape and size when subjected to mechanical strain, additionally they also have tendency to generate electricity. Zircanate, Titanate, Piezo crystals, and Piezo polymers are some of the commonly used piezoelectric substances. Wide applications of piezoelectric devices and technological advancement of the Nano technology are the major factors that are driving the growth of the across the globe.
However, there are certain factors that are hindering the growth of the market. The high cost of raw material that is being used for the development of the piezoelectric devices and government policies to reduce the lead consumption in some countries are estimated to be one of the major constraints in the growth of the market. Due to this, new opportunities can be found out in lead free components. Some lead-free components are Bismuth ferrite; Barium titanate, Barium titanate, Bismuth titanate Increasing awareness towards energy harvesting, use of piezo motion technology and its wide application are developing myriad growth opportunities for the growth of the market during forecast period.
Impact of COVID-19 Pandemic on Global Piezoelectric Device Market
The COVID-19 pandemic has severely affected the value chain of the piezoelectric material manufacturers. The major end-user industries such as electronics, and automotive sectors faced a slower supply of finished products and shutdowns which critically impacted the demand for these materials. However, the healthcare sector shows a spike in demand for medical equipment such as pyrometers, oximeters, and automated ventilators, as these devices highly utilize piezo material to convert one form of energy to another, and thus the demand for piezoelectric in the healthcare sector remain stagnant during COVID-19 pandemic.
Segmental Outlook
The global piezoelectric device market is segmented on the basis on application, material and product. Based on application, the market is segmented into aerospace, automotive, industrial and manufacturing, communication, medical, military and defence. Based on material, the market is bifurcated into naturally occurring crystal, synthetic derived material. Based on products, the market is sub-segmented into actuators, acoustic devices, motors, transducers, generators, resonators, sensors. Based on products, piezoelectric sensor market is expected to have the largest market share across the globe. The major reason behind the growth of the market share is high application of sensor in automotive, medical, military and other segments.
Global Piezoelectric Device Market Share by Products, 2021 (%)
Acoustic Devices Segment is projected to attain a Significant Growth in Coming Years
The acoustic devices are expected to expand at a rapid pace in the coming years, due to the extensive use of acoustic devices for several applications such as commercial, and are widely used in civil defense and natural disaster. Moreover, government spending on public safety, defense, and law enforcement is considered to be a key factor driving the growth in demand for acoustic devices. For instance, in February 2020, Hyper Spike announced a partnership with dBA Design Group Inc., to offer superior acoustic consulting and technology in notification system design. The benefits offered by additional dBA services include Acoustic Site Testing and observation electro-acoustic modeling & design video visualization of the acoustic model construction administration and commissioning.
Regional Outlooks
The global piezoelectric device market is further segmented based on geography including North America (the US, and Canada Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The North America region is expected to be dominated in the global piezoelectric devices market. Followed by the Asia Pacific region, owing to the large customer base and numerous researches carried out in the region, are the major factor behind the growth of the market.
Global Piezoelectric Device Market Growth, by Region 2021-2028
Asia-Pacific Region is expected to hold the Major Market Share in the Global Piezoelectric Device Market
Asia-Pacific is holding the largest market share of the global piezoelectric device market. The high demand for piezoelectric devices in the region, due to their extensive use in numerous applications in countries such as India, China and Japan is driving the market growth in coming years. Moreover, rapid urbanization and high investment by global healthcare solution providers in the Asia-Pacific region, to cater to the rising demand for advanced medical solutions and various surgical tools where piezoelectric devices are used, drive the market in the Asia-Pacific region.
Market Players Outlook
The major companies serving the global piezoelectric device market Cedrat Technologies Sa, Ceramatec Gmbh, Emfit Ltd., Enocean Gmbh, Ionix Advanced Technologies, Kinetic Ceramics and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, The Advanced Piezoelectric Material and Application (APMA) program signed collaboration with DMTC ltd., and its partners including Defense scientists, to accelerate the development of next-generation piezoelectric material for defense applications. The collaboration enhances the research and development to provide the Australian industry with a world-leading capability to design and fabricate piezoelectric for sonars. Moreover, the merging class of third-generation piezoelectric offers the order-of-magnitude capability gains in areas such as undersea surveillance and sonar systems.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global piezoelectric device market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Piezoelectric Device Market
• Recovery Scenario of Global Piezoelectric Device Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key CompanyAnalysis
4. Market Segmentation
4.1. Global Piezoelectric Device Market by Application
4.1.1. Aerospace
4.1.2. Automotive
4.1.3. Industrial And Manufacturing
4.1.4. Communication
4.1.5. Medical
4.1.6. Military And Defence
4.1.7. Others (Keyboards, Printers, Desktop, Speaker, Energy Harvesting/Wearables)
4.2. Global Piezoelectric DeviceMarket by Material
4.2.1. Naturally occurring crystal
4.2.2. Synthetic Derived Material
4.2.2.1. Crystals
4.2.2.2. Ceramics
4.2.2.3. Polymer
4.2.2.4. Composite
4.3. Global Piezoelectric DeviceMarket by Products
4.3.1. Actuators
4.3.2. Acoustic Devices
4.3.3. Motors
4.3.4. Transducers
4.3.5. Generators
4.3.6. Resonators
4.3.7. Sensors
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Apc International Ltd.
6.2. Birch Vesper Technologies, Inc.
6.3. Cedrat Technologies Sa
6.4. Ceramatec Gmbh
6.5. Emfit Ltd.
6.6. Enocean Gmbh
6.7. Ionix Advanced Technologies
6.8. Kinetic Ceramics
6.9. Kyocera Corp.
6.10. Lifemedix, LLC
6.11. L3harris Technologies, Inc
6.12. Mad City Labs, Inc.
6.13. Microgen Systems, Inc
6.14. Morgen Advanced Materials Plc
6.15. Nanomotion Motion Solutions
6.16. Oxsensis Ltd.
6.17. Physik Instrumente (Pi) Gmbh & Co. Kg.
6.18. Piezo Systems Jena Gmbh
6.19. Piezocryst Advanced Sensorics Gmbh
6.20. Piezomechanik Dr. Lutz Pickelmann Gmbh
1. GLOBAL PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATIONS 2021-2028($ MILLION)
2. GLOBAL AEROSPACE PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION
3. GLOBAL AUTOMOTIVE PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
4. GLOBAL INDUSTRIAL AND MANUFACTURING PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
5. GLOBAL COMMUNICATION PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
6. GLOBAL MEDICAL PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
7. GLOBAL MILITARY AND DEFENSE PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
8. GLOBAL OTHERS PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
9. GLOBAL PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS BY MATERIAL 2021-2028($ MILLION)
10. GLOBAL NATURALLY OCCURRING CRYSTAL PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
11. GLOBAL SYNTHETIC DERIVED MATERIAL PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
12. GLOBAL CRYSTALS PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
13. GLOBAL CERAMICS PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
14. GLOBAL POLYMER PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
15. GLOBAL COMPOSITE PIEZOELECTRIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
16. GLOBAL PIEZOELECTRIC DEVICES MARKET BY PRODUCTS 2021-2028($ MILLION)
17. GLOBAL PIEZOELECTRIC ACTUATORS MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
18. GLOBAL PIEZOELECTRIC ACOUSTIC DEVICES MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
19. GLOBAL PIEZOELECTRIC MOTORS MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
20. GLOBAL PIEZOELECTRIC TRANSDUCERS MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
21. GLOBAL PIEZOELECTRIC GENERATORS MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
22. GLOBAL PIEZOELECTRIC RESONATORS MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
23. GLOBAL PIEZOELECTRIC SENSORS MARKET RESEARCH AND ANALYSIS 2021-2028($ MILLION)
24. NORTH AMERICA PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY 2021-2028($ MILLION)
25. NORTH AMERICA PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028($ MILLION)
26. NORTH AMERICA PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY MATERIAL 2021-2028($ MILLION)
27. NORTH AMERICA PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT 2021-2028($ MILLION)
28. EUROPE PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY 2021-2028($ MILLION)
29. EUROPE PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028($ MILLION)
30. EUROPE PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY MATERIAL 2021-2028($ MILLION)
31. EUROPE PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT 2021-2028($ MILLION)
32. ASIA PACIFIC PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY COUNTRY 2021-2028($ MILLION
33. ASIA PACIFIC PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028($ MILLION)
34. ASIA PACIFIC PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY MATERIAL 2021-2028($ MILLION)
35. ASIA PACIFIC PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT 2021-2028($ MILLION)
36. REST OF THE WORLD PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028($ MILLION)
37. REST OF THE WORLD PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028($ MILLION)
38. REST OF THE WORLD PIEZOELECTRIC DEVICE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL PIEZOELECTRIC DEVICE MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL PIEZOELECTRIC DEVICE MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL PIEZOELECTRIC DEVICE MARKET, 2021-2028(%)
4. GLOBAL PIEZOELECTRIC DEVICE MARKET SHARE BY APPLICATION, 2021-2028(%)
5. GLOBAL AEROSPACE PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
6. GLOBAL AUTOMOTIVE PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
7. GLOBAL INDUSTRIAL AND MANUFACTURING PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
8. GLOBAL COMMUNICATION PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
9. GLOBAL MEDICAL PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
10. GLOBAL MILITARY AND DEFENSE PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
11. GLOBAL OTHERS PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
12. GLOBAL PIEZOELECTRIC DEVICE MARKET SHARE BY MATERIAL, 2021-2028(%)
13. GLOBAL NATURALLY OCCURING CRYSTAL PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
14. GLOBAL SYNTHETIC DERIVED MATERIAL PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
15. GLOBAL CRYSTALS PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
16. GLOBAL CERAMICS PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
17. GLOBAL POLYMER PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
18. GLOBAL COMPOSITE PIEZOELECTRIC DEVICE MARKET BY REGION, 2021-2028(%)
19. GLOBAL PIEZOELECTRIC DEVICE MARKET SHARE BY PRODUCTS, 2021-2028(%)
20. GLOBAL PIEZOELECTRIC ACOUSTIC DEVICE MARKET BY REGION, 2021-2028(%)
21. GLOBAL PIEZOELECTRIC MOTORS MARKET BY REGION, 2021-2028(%)
22. GLOBAL PIEZOELECTRIC GENERATORS MARKET BY REGION, 2021-2028(%)
23. GLOBAL PIEZOELECTRIC RESONATORS MARKET BY REGION, 2021-2028(%)
24. GLOBAL PIEZOELECTRIC SENSORS MARKET BY REGION, 2021-2028(%)
25. US PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
26. CANADA MARKET PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
27. UK PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
28. GERMANY PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
29. SPAIN PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
30. FRANCE PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
31. ITALY PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF EUROPE PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
33. INDIA PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
34. CHINA PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
35. JAPAN PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OFASIA-PACIFIC PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
37. REST OF WORLD PIEZOELECTRIC DEVICE MARKET SIZE, 2021-2028 ($ MILLION)
