The global demand for Piezoelectric Elements Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Piezoelectric elements are materials that can generate an internal electrical charge from applied mechanical stress. Piezoelectric elements play a significant role in electronic devices such as sensors, actuators, accelerators, ultrasonic motors, transducers, filters and resonators, and micro-electromechanical systems (MEMS). Some common piezoelectric materials include PZT (also known as lead zirconate titanate), lithium niobate and barium titanate. Piezoelectricity has several useful applications, such as the detection and production of sound, generation of high voltages, piezoelectric inkjet printing, and electronic frequency generation.
The growing demand for automated manufacturing processes with increased efficiency and reduced production time across the globe is the primary factor driving the piezoelectric elements market over the forecast time frame. The rising adoption in the formulation of several electronic goods such as actuators, generators, transducers, sensors, Sonar, and motors is expected to create more demand for piezoelectric elements. Also, increasing demand for photovoltaic cells in developed countries such as the U.S. and Germany due to regulatory support on feed-in-tariff (FIT) is positively impacting the growth of the piezoelectric elements market. Moreover, the growing R&D funding by companies & research universities for innovative piezo solutions are likely to provide beneficial growth opportunities for key players of the piezoelectric elements market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of piezoelectric elements.
This section of the piezoelectric elements market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Application Type
- Lead Zinc Titanates (PZT)-based
- Lead Magnesium Niobate (PMN)-based
- Industrial & Manufacturing
- Consumer Electronics
This section covers regional segmentation which accentuates on current and future demand for piezoelectric elements market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Piezoelectric Elements Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the piezoelectric elements market include KYOCERA, TRS Technologies, Inc., Harris, Johnson Matthey, CTS Corporation, PI Ceramic GmbH, TDK Corporation, Piezo Technologies, Fuji Ceramics Corporation, Meggitt Sensing, Weifang Jude Electronic, MSI Tranducers, Sparkler Ceramics, APC International, Piezo Kinetics. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.