Piezoelectric Devices Market Revenue, Growth Rate, and Forecast to 2030

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Piezoelectric Devices Market by Product Type (Piezoelectric Sensors, Piezoelectric Actuators, and Piezoelectric Transducers), Application, and region (North America, Europe, Asia-Pacific, Middle East, Africa, and South America).

Piezoelectric Devices Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.

The global Piezoelectric Devices Market size is expected to reach USD 48.5 billion and is projected to reach a CAGR of 6.2% from 2023-2030.

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Over the years, the market for piezoelectric devices has expanded significantly due to both technological developments and growing application markets. Numerous industries have found extensive usage for piezoelectric materials, which have the capacity to produce an electric charge when subjected to mechanical stress or temperature changes. The thriving consumer electronics industry is one of the major factors propelling the market for piezoelectric devices.

The demand for touchscreen-equipped smartphones, tablets, and other mobile devices has skyrocketed, which has resulted in a rise in the use of piezoelectric sensors and actuators. By delivering touch sensitivity and tactile feedback, these products improve the user experience, fostering market expansion.

Additionally, the piezoelectric devices market has been significantly influenced by the automobile sector. Applications include fuel injection systems, tire pressure monitoring, engine management systems, and vehicle safety systems that use piezoelectric sensors and actuators.

Delvens Industry Expert's Standpoint

Due to growing application areas and technical improvements, the market for piezoelectric devices is increasing significantly on a global scale. This market is primarily driven by the consumer electronics, automotive, healthcare, industrial, and energy harvesting sectors. Due to the acceptance of cutting-edge technologies and rising customer expectations for unique and feature-rich electronic products, piezoelectric devices are in great demand in consumer electronics, notably touchscreens, haptic feedback systems, and ultrasonic sensors. Piezoelectric sensors are widely used in many different sectors to measure factors including acceleration, pressure, temperature, and force.

Key Findings:

·        The product type segment is further segmented into Piezoelectric Sensors, Piezoelectric Actuators, and Piezoelectric Transducers, the piezoelectric devices market's product type segment, which includes piezoelectric sensors, is predicted to grow the fastest.

·        The application segment is further fragmented into Consumer Electronics, Automotive, Healthcare, Industrial, and Energy Harvesting. The consumer electronics sector is in great demand among the piezoelectric devices market's application categories.

·        The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Geographically, Asia Pacific holds a significant share of the piezoelectric devices market.

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Companies Profiles of Piezoelectric Devices Market:

CeramTec, Physik Instrumente (PI) GmbH & Co. KG, Murata Manufacturing Co., Ltd., APC International, Ltd., Piezo Technologies, Piezo Systems, Inc., Mad City Labs, Inc., CTS Corporation, Morgan Advanced Materials, and Honeywell International Inc.

Recent Developments:

In June 2022, by combining the technological know-how of both teams, CTS Corporation successfully acquired Ferroperm Piezoceramics from Meggitt PLC in order to expand its product line and spur growth.

In March 2021, High-power ultrasonic surgical transducers, created by Ceram Tec GmbH for use in medical applications, provide advantages over conventional methods in terms of precision, safety, healing time, and patient comfort.

Reasons to Acquire:

·        Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.

·        Gain authentic and granular data access for Piezoelectric Devices Market so as to understand the trends and the factors involved in changing market situations.

·        Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.

·        In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

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In addition to the market data for Piezoelectric Devices Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.

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