The Piezoelectric Devices Global Market Report 2023, provides comprehensive information on the piezoelectric devices market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Piezoelectric Devices Global Market Report 2023, the global piezoelectric devices market size grew from $24.98 billion in 2022 to $26.1 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global piezoelectric devices is expected to grow to $31.3 billion in 2027 at a CAGR of 4.6%.
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The piezoelectric devices market is segmented:
By Material
Ceramics
Crystals
Polymers
Composites
By Product
Piezoelectric Sensors
Piezoelectric Actutators
Piezoelectric Transducers
Piezoelectric Motors
Piezoelectric Generators
By Application
Industrial and Manufacturing
Defense and Aerospace
Automotive
Healthcare
Information and Communication
Consumer Electronics
By Element
Piezoelectric Discs
Piezoelectric Rings
Piezoelectric Plates
Top Major Players:
CeramTec GmbH (BC Partners)
CTS Corporation
Kistler Instruments India Pvt. Ltd
(Kistler Holding AG)
L3harris Technologies Inc
Asia-Pacific was the largest region in the piezoelectric devices market in 2022.
The table of contents in TBRC’s piezoelectric devices market report includes:
1. Executive Summary
2. Piezoelectric Devices Market Characteristics
3. Piezoelectric Devices Market Trends And Strategies
4. Piezoelectric Devices Market – Macro Economic Scenario
5. Piezoelectric Devices Market Size And Growth
……………………………………………………………..
26. Africa Piezoelectric Devices Market
27. Piezoelectric Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Piezoelectric Devices Market
29. Piezoelectric Devices Market Future Outlook and Potential Analysis
30. Appendix
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According to the research report "Piezoelectric Devices Market by Material (Piezoelectric Ceramics, Crystals, Polymers), Product (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer), and Region - Global Forecast to 2025", is estimated to grow from USD 28.9 billion in 2020 to USD 34.7 billion by 2025; at a CAGR of 3.7%.
Rising demand for piezoelectric devices for energy harvesting and for aerospace & defense applications are the factors fueling the growth of this market.Browse 109 market data Tables and 55 Figures spread through 194 Pages and in-depth TOC on "Piezoelectric Devices Market - Global Forecast to 2025"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256019882“Market for piezoelectric generators is expected to grow at highest CAGR during forecast period”The market for piezoelectric generators is expected to grow at the highest CAGR during the forecast period.
Hence, piezoelectric nanogenerators are used on a large scale in portable consumer electronic devices such as smartwatches, smartphones, laptops, and notebooks to cater to their power requirements.“Piezoelectric ceramics accounted for largest share of piezoelectric devices market in 2019”Piezoelectric ceramics held the largest size of the piezoelectric devices market, by material, in 2019 and are expected to continue to hold a major market share during the forecast period.
They offer fast response time, high output, frequency, sensitivity, and can be used with low-voltage or high-voltage drive circuits and are available in a wide variety of shapes and sizes.
Piezoelectric actuators and positioning systems are used for precision and stability in visualization and microscopy for diagnostic applications.
The growth of the piezoelectric devices market in this region is attributed to 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.L3HARRIS TECHNOLOGIES, INC. (Florida, US), CeramTec GmbH (Plochingen, Germany), CTS CORPORATION (Illinois, US), Physik Instrumente (PI) GmbH & Co. KG.
