Global Piezoelectric Devices market report 2024, Forecast To 2033

The piezoelectric devices market has experienced steady growth, increasing from $26.09 billion in 2023 to $27.02 billion in 2024, reflecting a compound annual growth rate (CAGR) of 3.6% in the historical period. This growth is attributed to the expansion of medical imaging and ultrasound applications, the growth of the electronics and automotive industries, the development of piezoelectric materials, the demand for precise motion control, and the expansion in the aerospace and defense sectors. Looking forward to 2028, the market is expected to see steady growth, reaching $31.06 billion with a CAGR of 3.5%. The drivers of this growth include the adoption of piezoelectric energy harvesting, the expansion of haptic feedback and touchscreens, the growth in industrial automation and robotics, the customization of piezoelectric solutions for various applications, and the demand for energy-efficient sensors. Noteworthy trends in the forecast period include the continued adoption of piezoelectric energy harvesting, the growth in haptic feedback and touchscreens, the expansion of industrial automation and robotics, the customization of piezoelectric solutions for various applications, and the demand for energy-efficient sensors.