Piezoelectric Materials Market is estimated to be 2.5 Billion by 2034 with a CAGR of 4.90% during the forecasted period.

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Published Date: June 2024

Piezoelectric Materials Market was valued at US$ 1.6 Billion in 2024 and is projected to grow at a CAGR of 4.90% to reach US$ 2.5 Billion by 2034.

The report "Piezoelectric Materials Market, By Product (Ceramics, Polymers, Composites, Others), By Application (Actuators, Sensors, Motors, Acoustic Devices, Generators, SONAR, Transducers, Others), By End-Use (Automotive, Healthcare, Information & Telecom, Consumer Goods, Aerospace & Defense, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2034”.

Key Highlights:

In April 2020, CTS Corporation unveiled four crystal families to be used in automotive-grade crystal resonators. They are best suited for the usage in aerospace & defense, automotive, medical, and industrial sectors.
In January 2019, Faulhaber planned to officially open FAULHABER Italia S.r.l sales company in North Milan. By opening sales facility, the company will take over its sales and service from Servotecnica S.p.A, its distributor in Italy.

Analyst View:

Rising Importance of Automated Manufacturing Processes

The automotive segment held 18.4% piezoelectric materials market share in 2019. In a bid to reduce the operational cost during production, several manufacturing companies have increased their spending towards the implementation of automation systems. This rising importance of automated manufacturing processes with increased efficiency and reduced production time is one of the primary factors that are expected to positively influence the growth rate over the forecast period.

Increasing Use in Electronic Devices

Piezoelectric actuator is used in various electronics devices such as piezoelectric printers, piezoelectric speakers, buzzers and humidifiers to drive an ultrasonic nozzle, and ultrafine focusing of optical assemblies. In virtually every application that needs to generate sound efficiently from a small electronic device, piezoelectric speakers are featured in. This type of speaker is typically inexpensive to produce fairly large volume of sound and require little power. Also, piezoelectric speakers generate sound in digital quartz watches and other electronic devices. Engineers sometimes use it as tweeters in less-expensive speaker systems, such as computer speakers and portable radios.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Piezoelectric Materials Market”, By Product (Ceramics, Polymers, Composites, Others), By Application (Actuators, Sensors, Motors, Acoustic Devices, Generators, SONAR, Transducers, Others), By End-Use (Automotive, Healthcare, Information & Telecom, Consumer Goods, Aerospace & Defense, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2034

Key Market Insights from the report:

Piezoelectric Materials Market was valued at US$ 1.6 Billion in 2024 and is projected to grow at a CAGR of 4.90% to reach US$ 2.5 Billion by 2034. The market report has been segmented on the basis of product, application, end-use, and region.

By product, piezoelectric polymers are expected to witness the highest CAGR in the piezoelectric devices market during the forecast period. The high growth is attributed to their various features such as low fabrication cost, lightweight, fast processing, and their adoption for biological applications such as biosignal acquisition and tissue regeneration/repair support.
By application, piezoelectric actuators held the largest size of the piezoelectric devices market, by product, in 2019 and they are expected to continue to do so during the forecast period. Piezoelectric actuators offer several benefits such as less heat dissipation, less power consumption, fast response, high actuating precision, compact size, high reliability, and low cost.
By end-use, the aerospace & defense application held the largest share of the piezoelectric devices market in 2019. This can be attributed to the increasing adoption of piezoelectric device-based products such as sensors, actuators, and motors for aerospace & defense applications.
By region, APAC accounted for the largest share of the piezoelectric devices market in 2019, and a similar trend is likely to continue in the near future. The dominance of the APAC region in the piezoelectric materials is attributed to the increasing government initiatives, rising foreign investments, growing population etc.

Competitive Landscape:

The prominent player operating in the global piezoelectric materials market includes L3HARRIS TECHNOLOGIES, INC., CeramTec GmbH, CTS CORPORATION, Physik Instrumente (PI) GmbH & Co. KG., APC International, Ltd., Morgan Technical Ceramics, Mad City Labs, Arkema, Solvay, and Piezosystem jena GmbH.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered