The Piezoelectric Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Piezoelectric Devices Global Market Report 2024, The piezoelectric devices market size has grown steadily in recent years. It will grow from $26.09 billion in 2023 to $27.02 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to growth in medical imaging and ultrasound, expansion of the electronics and automotive industries, development of piezoelectric materials, demand for precise motion control, expansion in the aerospace and defense sectors.
The piezoelectric devices market size is expected to see steady growth in the next few years. It will grow to $31.06 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to adoption of piezoelectric energy harvesting, growth in haptic feedback and touchscreens, expansion in industrial automation and robotics, customized piezoelectric solutions for various applications, demand for energy-efficient sensors.. Major trends in the forecast period include adoption of piezoelectric energy harvesting, growth in haptic feedback and touchscreens, expansion in industrial automation and robotics, customized piezoelectric solutions for various applications, demand for energy-efficient sensors..
The increasing demand for wearable devices is anticipated to propel the growth of the piezoelectric devices market going forward. Wearable devices refer to electronic devices or technology that are used on the body, typically as accessories or clothing, and designed to provide various functions and features to monitor health and fitness, provide information, and offer entertainment to consumers. Piezoelectric devices, such as piezoelectric sensors, are used in wearables to detect and monitor various physical parameters and to monitor biometric data. For instance, in December 2021, according to Deloitte Touche Tohmatsu Limited, a UK-based consulting company, there were 320 million consumer health and wellness wearable devices in 2022, and it is estimated that this will increase to nearly 440 million by 2024. Therefore, the increasing demand for wearable devices is driving the growth of the piezoelectric devices market.
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The piezoelectric devices market covered in this report is segmented –
1) By Material: Ceramics, Crystals, Polymers, Composites
2) By Product: Piezoelectric Sensors, Piezoelectric Actutators, 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
Technological advancements in piezoelectric material and polymers are shaping the piezoelectric devices market. 3D printed piezoelectric materials are increasingly been developed by researchers and engineers to overcome the shapes and raw materials restrictions of piezoelectric materials. 3D Printed piezoelectric materials are designed to convert impact, movement, and stress from any direction to electrical energy. For instance, in February 2021, Researchers from Korea’s Jeonbuk National University and Chinese material provider Wuhan Chamtop innovated 3D printed novel wearable self-powered sensors. The sensors detect and convert pressure inputs supplied by human movement using piezoelectric energy, signifying a significant advancement in developing high-performance additive wearable electronics.
The piezoelectric devices market report table of contents includes:
1. Executive Summary
2. Piezoelectric Devices Market Characteristics
3. Piezoelectric Devices Market Trends And Strategies
4. Piezoelectric Devices Market – Macro Economic Scenario
5. Global Piezoelectric Devices Market Size and Growth
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26. South America Piezoelectric Devices Market
27. Brazil Piezoelectric Devices Market
28. Middle East Piezoelectric Devices Market
29. Africa Piezoelectric Devices Market
30. Piezoelectric Devices Market Competitive Landscape And Company Profiles
Top Major Players:
- Aerotech Inc
- APC International Ltd
- CeramTec GmbH
- CTS Corporation
- Kistler Instruments India Pvt. Ltd.
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