How Has The Piezoelectric DevicesMarket Size Evolved In Recent Years?
The piezoelectric devices market has seen considerable growth due to a variety of factors.
• The market for piezoelectric devices has been experiencing a consistent increase in size over the past few years. It is projected to expand from a value of $26.55 billion in 2024 to $27.28 billion in 2025 at a compound annual growth rate (CAGR) of 2.8%.
The impressive growth observed in the historic period is due to factors such as the advancement in medical imaging and ultrasound technology, the robust expansion of the electronics and automotive sectors, the development of piezoelectric materials, increased demand for precise motion control systems, and the broadening of the aerospace and defense sectors.
What Is The Projected Growth Of The Piezoelectric Devices Market?
The piezoelectric devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of piezoelectric devices is projected to experience a stable increase in the succeeding years, expanding to $31.39 billion by 2029 with a 3.6% Compound Annual Growth Rate (CAGR).
This expected rise in the forecast period can be linked to the adoption of piezoelectric energy harvesting, expansion of haptic feedback and touchscreens, the surge in industrial automation and robotics, use of tailored piezoelectric solutions across various sectors, and the increasing demand for energy-efficient sensors. Key trends over the forecast period echo these growth drivers – increased acceptance of piezoelectric energy harvesting, expansion of haptic feedback and touchscreens, escalation in industrial automation and robotics usage, customization of piezoelectric solutions for diverse applications, and higher demand for sensors that optimize energy usage.
What Are The Key Drivers Fueling Growth In The Piezoelectric Devices Market?
The spike in demand for wearable technology is expected to drive the expansion of the piezoelectric devices market. Wearable technology consists of electronic devices or gadgets worn on the body, often as accessories or part of clothing. These devices serve multiple purposes like health and fitness tracking, offering information, and providing entertainment to users. Piezoelectric apparatus, such as sensors, find applications in these wearable technology for the detection and monitoring of various physical parameters as well as biometric data. For instance, Deloitte Touche Tohmatsu Limited, a UK-based consultations firm stated in January 2023, that they envisage nearly 440 million consumer health and wellness wearable technology to be shipped globally by 2024. Thus, the surge in demand for wearable technology is bolstering the development of the piezoelectric devices market.
What Are The Principal Market Segments In The Global Piezoelectric Devices Industry?
The piezoelectric devices market covered in this report is segmented –
1) By Material: Ceramics, Crystals, Polymers, Composites
2) By Product: Piezoelectric Sensors, Piezoelectric Actuators, Piezoelectric Transducers, Piezoelectric Motors, Piezoelectric Generators
3) By Application: Industrial and Manufacturing, Defense and Aerospace, Automotive, Healthcare, Information and Communication, Consumer Electronics
4) By Element: Piezoelectric Discs, Piezoelectric Rings, Piezoelectric Plates
Subsegments:
1) By Ceramics: Lead Zirconate Titanate (PZT), Barium Titanate (BaTiO3), Sodium Potassium Niobate (NaKNbO3)
2) By Crystals: Quartz Crystals, Gallium Orthophosphate (GaPO4), Lithium Niobate (LiNbO3)
3) By Polymers: Polyvinylidene Fluoride (PVDF), Polyamide (PA), Polyurethane (PU)
4) By Composites: Ceramic-Polymer Composites, Metal-Polymer Composites, Multi-Phase Composites
Pre-Book The Piezoelectric Devices Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Piezoelectric Devices Sector?
Key players in the piezoelectric devices market are emphasizing the creation of technologically superior solutions like high-temperature charge accelerometers to improve performance in drastic environments. A high-temperature charge accelerometer is a sensor engineered to gauge vibration or acceleration under extreme thermal conditions, generally above 250 °C. It transforms physical movement into an electrical signal for surveillance and scrutiny in challenging surroundings like engines or turbines. For example, IMI Sensors, a UK-based engineering firm, unveiled the Model 674A91 in April 2024, which is an innovative IO-Link piezoelectric accelerometer designed for advanced vibration monitoring and analysis in industrial settings. It provides improved fault detection abilities with a frequency range reaching up to 10 kHz, ensuring accurate machine health monitoring. Its IO-Link compatibility eases integration into pre-existing systems, facilitating efficient data communication and lowering maintenance expenses.
Who Are the Key Players in the Piezoelectric Devices Market?
Major companies operating in the piezoelectric devices market include:
• Aerotech Inc.
• APC International Ltd.
• CeramTec GmbH
• CTS Corporation
• Kistler Instruments India Pvt. Ltd.
• L3harris Technologies Inc.
• Mad City Labs Inc.
• Morgan Advanced Materials plc
• Physik Instrumente (PI) GmbH & Co. KG
• Piezomechanik Dr. Lutz Pickelmann GmbH
• Piezosystem jena GmbH
• PCB Piezotronics Inc.
• Exelis Inc.
• Metrix Instrument Co.
• Honeywell International Inc.
• Meggitt SA
• Bruel and Kjaer UK Ltd.
• TE Connectivity Ltd.
• Kyowa Electronic Instruments Co. Ltd.
• US Eurotek Inc.
• Noliac A/S
• Piezo Technologies India Pvt. Ltd.
• Dytran Instruments Inc.
• ELPA TV & Bredbandsteknik AB
• Kinetic Ceramics LLC
• Johnson Matthey Piezo Products GmbH
• Physik Instrumente GmbH & Co. KG
• HongKong Piezo Company Limited
• TRS Technologies India Pvt. Ltd.
• Sparkler Ceramics Ltd.
• Solvay SA
• Usound GmbH
• Centre for Process Innovation Limited
• Sensor Technology Ltd.
• Actuated Medical Inc.
• Aito BV
• Vesper Technologies Inc.
• Sensonics Ltd.
• Harri Krishna Exports Pvt. Ltd.
• Murata Manufacturing Co. Ltd.
What are the Regional Insights into the Piezoelectric Devices Market?
Asia-Pacific was the largest region in the piezoelectric devices market in 2024. The regions covered in the piezoelectric devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
