Global Piezoelectric Device Market Value to cross USD 37.7 BN By 2026
Posted On May 19, 2020
During the period of 2020-2026 it is expected that the Global Piezoelectric Device Market will showcase a CAGR of 4.5%. The market is foreseen to reach USD 37.7 BN by 2026 while it was valued at USD 27.7 BN in 2019 as stated in a the published market study by Value Market Research. Rising pressure on existing structure owing to the ever-increasing demands for the aerospace & defines sector, and technological progress (nanotechnology) in composite materials are steering the growth of the piezoelectric device market. However, the manufacturing process for the devices is complex and needs high investments, thus restraining the profit boundaries of the marker. Another factor contributing to higher product penetration is advancement in high-speed communication. Piezoelectric devices are commonly used in the manufacturing of sensors (knock sensors, distance sensors, parking sensors, and more) having extensive applications in automotive. The healthcare and the automotive sector are flourishing across the globe, thus the application of piezoelectric devices in these sectors is estimated to positively drive the market.
Piezoelectric refers to the ability of a material to generate vibrations when subjected to AC voltage or generate AC voltage when subjected to mechanical stress or both. And, piezoelectric devices made from piezoelectric substances are used for converting back and forth between mechanical and electrical energy. Majorly, the devices find their application in several industries that include industrial and manufacturing, consumer electronics, healthcare, automotive, and others. Some of the commonly used piezoelectric substances are zircanate, piezo crystals, and piezo polymers.
"Global Piezoelectric Device Market Report By Material (Piezocrystals, Piezoceramics, Piezopolymers And Piezocomposites), Product (Sensors, Actutators, Transducers, Motors, Generators And Others), Applications (Industrial And Manufacturing, Defense And Aerospace, Automotive, Healthcare, Information And Communication, Consumer Electronics And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
On the basis of material the market is segmented into piezocrystals, piezoceramics, piezopolymers and piezocomposites. By product the piezoelectric device market is segmented into sensors, actutators, transducers, motors, generators and others. On the basis of applications the market is segmented into industrial and manufacturing, defense and aerospace, automotive, healthcare, information and communication, consumer electronics and others.
The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.
The Report Segments Global Piezoelectric Device Market -
- Industrial And Manufacturing
- Defense And Aerospace
- Information And Communication
- Consumer Electronics
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Aerotech Inc., APC International, Ltd., Ceramtec GmbH, CTS Corporation, Exelis, Inc., Mad City Labs Inc., Morgan Advanced Materials, Physik Instrumente (PI) GmbH & Co. Kg., Piezo Solutions, Piezomechanik Dr. Lutz Pickelmann GmbH, Piezosystem Jena GmbH and US Eurotek, Inc.
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