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 (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast Till 2034

Report Code: PMI444220 | Publish Date: February 2024 | No. of Pages: 147

Global Piezoelectric Materials Market Overview

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.

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. 

Impact of COVID-19 on the market

The EV market may experience other shifts. For example, there is an expectation of demand for more affordable EV products. This potential shift in consumer preferences may affect manufacturers' investment and production decisions. Ultimately, resuming production levels for conventional vehicles and EVs will depend on demand revival, supply-chain reactivation, and access to the labour force Biopharmaceutical firms are at the leading position of the human response to the coronavirus pandemic. The biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a significant amount of funds are being put into the R&D. With the several candidates in trial, the public and private sectors are expected to work in unison for the estimative period, until a vaccine is developed for Covid-19. This report will quantify the impact of this pandemic on the Piezoelectric Materials market.

Global Piezoelectric Materials Market Dynamics

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 global piezoelectric materials market during the forecast period.

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Global Piezoelectric Materials Market Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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

On the basis of the product, the global 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:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

In the region, the global 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.

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Report Scope:

Attribute

Details

The base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024– 2034

Market Segmentation

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

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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

Global Piezoelectric Materials Market Key Players

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.

Global Piezoelectric Materials Market Company Profile

  • L3HARRIS TECHNOLOGIES, INC.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • CeramTec GmbH
  • CTS CORPORATION
  • Physik Instrumente (PI) GmbH & Co. KG.
  • APC International, Ltd.
  • Morgan Technical Ceramics
  • Mad City Labs
  • Arkema
  • Solvay
  • Piezosystem jena GmbH

“*” marked represents similar segmentation in other categories in the respective section

Global Piezoelectric Materials Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product
    • Market Snippet, By Application
    • Market Snippet, By End-Use
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Piezoelectric Materials Market, By Product, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Ceramics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Polymers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Composites
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Piezoelectric Materials Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Actuators
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sensors
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Motors
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Acoustic Devices
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Generators
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • SONAR
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Transducers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Piezoelectric Materials Market, By End-Use, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Automotive  
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Healthcare
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Information & Telecom
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Consumer Goods
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Aerospace & Defense
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Piezoelectric Materials Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • L3HARRIS TECHNOLOGIES.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CeramTec GmbH
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CTS CORPORATION.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Physik Instrumente (PI) GmbH & Co. KG.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • APC International
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Morgan Technical Ceramics.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mad City Labs.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Arkema   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Solvay 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Piezosystem jena GmbH.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

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