Piezoelectric Materials Market, By Product (Ceramics, Polymers, Composites, and Others), By Application (Actuators, Sensors, Motors, Acoustic Devices, Generators, SONAR, Transducers, and Others), By End-Use (Automotive, Healthcare, Information & Telecom, Consumer Goods, Aerospace & Defense, and Others), and By Region, Trends, Analysis, and Forecast Till 2034

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

Piezoelectricity refers to the electric charge that is accumulated in certain solid materials when mechanical stress is applied. When dimensional change is imposed on dielectric, a voltage is created, which called as direct effect. Also, the application of an electric field to a dielectric results in dimensional change, which is called as inverse effect. The materials that exhibit this property are called as piezoelectric materials. Some of the examples of piezoelectric materials are quartz, apatite, and aluminum nitride. These materials are used as sensors to measure strain, force, or acceleration and convert them into electric signal. Another application of piezoelectric materials is as ultrasonic transducers for medical applications. 

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. This growth is attributable to the usage of these type of materials in braking systems, sensors, fuel injectors, and actuators. Also, tire pressure sensors, airbag sensors, seat belt buzzers, and fuel atomizer require these materials extensively. These devices help in the smooth operation of production lines. They utilize piezoelectric materials to measure various quantities, namely, acoustic intensity, strain, pressure, and acceleration.

Increasing Use in Electronic Devices

Significant gains in the electronics sector in China, Japan, and South Korea owing to product innovation such as the introduction of 4K technology along with increasing demand for the LED on a domestic level is expected to promote the industry development. The market is estimated to be worth USD 707.3 million by 2025. 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. It also produces ultrasound in sonar systems.

Conversely, these materials are mainly used in energy conversion and sensing devices. But, when they are subjected to harsh environments, such as heavy stress and high temperature, the results can be severely affected and this factor is anticipated to hamper the growth of the piezoelectric materials market during the forecast period.

The piezoelectric materials market is segmented based on the product, application, end-use, and region.

On the basis of the product, the piezoelectric materials market is segmented into ceramics, polymers, composites, others. Based on the basis of application, the target market is categorized into actuators, sensors, motors, acoustic devices, generators, sonar, transducers, others. On the basis of end-use, the global market is classified into automotive, healthcare, information & telecom, consumer goods, aerospace & defense, others.

Regional Insights:

In the region, the piezoelectric materials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2019, Asia Pacific generated USD 905.9 million revenue. The dominance of the APAC region in the piezoelectric devices market is attributed to the increasing government initiatives, rising foreign investments, growing population, along with the bulk manufacturing facilities of piezoelectric devices, presence of numerous manufacturers and suppliers, low cost of piezoelectric devices, and technological advancements in emerging markets. Also, countries such as China and Japan are the major contributors to this region. This growth is attributable to the expansion of production capacities by companies located in South Korea, India, China, Taiwan, and Japan. These countries are considered to be the major manufacturing hubs for consumer goods and electronics. Besides, the COVID-19 pandemic has caused losses for the electronics manufacturers. Thus, the governments of these countries are offering them incentives and tax rebates to set up new production plants. North America, on the other hand, is anticipated to showcase good growth on account of the major contribution of the U.S. The country is planning to conduct several space exploration programs. Hence, the sensing objects used in such activities would require piezoelectric materials to achieve remote access to the components of the spacecraft. Europe is set to revive after the severe effects of the coronavirus pandemic. This would mainly occur because of the research and development of automated and driverless cars.

Piezoelectric Materials Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.  For the purpose of this study, has segmented the global piezoelectric materials market report based on product, application, end-use, and region.

Piezoelectric Materials Market, By Product:

• Ceramics
• Polymers
• Composites
• Others

Piezoelectric Materials Market, By Application:

• Actuators
• Sensors
• Motors
• Acoustic Devices
• Generators
• SONAR
• Transducers
• Others

Piezoelectric Materials Market, By End-Use:

• Automotive
• Healthcare
• Information & Telecom
• Consumer Goods
• Aerospace & Defense
• Others

Piezoelectric Materials Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the piezoelectric materials market include 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. Companies that are mainly focusing on broadening their production capacity. Some of the others are aiming to adopt the strategies of merger and acquisition and new product launches to strengthen their positions. For instance, in July 2019 PI Ceramic GmbH expanded its production facility situated in Thuringia. It would surge the facility’s area to 19,500 sq. meters from 12,000 sq. meters. It would include an additional line for the manufacturing of multilayer piezoelectric materials.

• L3HARRIS TECHNOLOGIES, INC.
• CeramTec GmbH
• CTS CORPORATION
• Physik Instrumente (PI) GmbH & Co. KG.
• APC International, Ltd.
• Morgan Technical Ceramics
• Mad City Labs
• Arkema
• Solvay
• Piezosystem jena GmbH