UK piezoelectric devices market is expected to grow at a CAGR of 5.2% during the forecast period. Electronics and related devices have gained popularity in the country. Use of various smart devices such as smart TVs, smartphones, laptops and others is growing in the country. According to Ofcom, communication authority of the UK, the country has reported 70% smartphone penetration amongst adults in 2014 and the penetration has increased to 85% in 2017. Smart gadgets such as smartphone, laptops, smart TVs, wearable devices and others uses piezoelectric sensors. A transparent device is mounted on a smartphone screen which generates electricity. 

Electricity is generated when the user presses the extremely thin sensor mounted in a transparent device attached on the touchpad. The generated electricity can be stored in the battery of smartphones. With the growing smartphone penetration among the adult population in the country, UK is estimated to generate huge opportunities for market players engaged in the piezoelectric device industry. Along with the smartphone, various other smart devices possess the potential for piezoelectric sensors in the country. Additionally, wearable devices are also being tested for the application of piezoelectric devices and sensors. For instance, vibration generated by body movement used by the smart watches, fitness bands and others to sense objects, gestures, and locations. This involves the use of piezoelectric sensors in these devices. With the increasing industry of wearable devices, the market opportunities for piezoelectric devices market would increase during the forecast period.

Key players in the market include CTS Corp., CeramTec Holding GmbH, and Harris Corp. These players are adopting strategies that enable to expand their market share and gain a competitive advantage over their competitors. For instance, in April 2018, Ionix Advanced Technologies Ltd. collaborated with Inductosense Ltd., a Bristol-based company that provides wireless sensing technology. Through collaboration, the companies have developed “TRND”, which is a wireless in-service corrosion monitoring solution. The product offers a faster measurement of wall thickness that can, however, be analyzed from a remote location and can be reported via a cloud-based data management system. 

Research Methodology

The market study of the UK 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. UK Piezoelectric Devices Market Research and Analysis, By Application
2. UK Piezoelectric Devices Market Research and Analysis, By Material
3. UK Piezoelectric Devices Market Research and Analysis, By Product

The Report covers:

• Comprehensive research methodology of the UK 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 UK piezoelectric devices market.
• Insights about market determinants which are stimulating the UK piezoelectric devices market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.