Piezoelectric Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Piezoelectricity is an electric charge which is accumulated in solid materials on account of the mechanical stress applied to these materials. Piezoelectricity is used in applications such as the production and detection of sound, generation of high voltages, and electronic frequency generation. A piezoelectric device uses the piezoelectric effect to measure changes in pressure, temperature, acceleration, and force by converting them into an electric pulse. Piezoelectric devices are used in many industries for quality assurance, process control, and research and development.Piezoelectric devices are used in medical, aerospace, and nuclear instrumentation, and consumer electronics.
Demand for piezoelectric devices has grown in recent times due to continuous development made in piezoelectric material since it is a key enabling technology for a wide range of industrial and consumer products. The application of piezoelectric devices is extensive in industrial and manufacturing sectors. Piezoelectric sensors find application in piezoelectric sensors, pressure sensors, and sonar equipment. In industrial applications, piezoelectric actuators are used in diesel fuel injectors, fast response solenoids, optical adjustments, ultrasonic cleansing, ultrasonic welding, piezoelectric motors, stack actuators, stripe actuators, and piezoelectric relays. The automotive industry is also a prominent end-user of piezoelectric devices. Although piezoelectric devices are used widely in industrial manufacturing and automotive applications, the medical instrument and information & telecommunication industry offers the strongest demand for these devices. In the healthcare sector, piezoelectric sensors are used in ultrasonic imaging and other ultrasonic procedures. In the IT and telecommunication industry, piezoelectric devices are used mostly in devices such as cellular phones, laptops, and inkjet printers.The application of piezoelectric technology is also widespread in the field of structural health monitoring. Energy harvesting is another booming industry and the use of piezoelectric technology in this sector is expected to be high in future.
The demand for piezoelectric technology in Nano positioning is huge. Ceramics and crystals are two such materials which possess piezoelectric properties and these materials can be used effectively as actuators. Hence, these materials are used widely as piezoelectric actuators in nana positioning industry.
Demand for piezoelectric material has seen a spurt in recent times. The latest trend surrounding the piezoelectric material market is advances in nanotechnology towards piezoelectric materials. The aerospace and defense sector is a prominent end-user of piezoelectric material and devices. In the defense sector, demand for materials with advanced functional properties is experiencing a huge demand, where piezoelectricity is used widely in micro robotics and course-changing bullets. In future, demand for piezoelectric smart devices is expected to be high. Lack of awareness of these devices is a factor which hinders the large scale adoption of these devices.
The piezoelectric device market is segmented on the basis of material, product, application, and region. The material segment is further segmented as piezocrystals, piezoceramics, piezopolymers, and piezocomposites. On the basis of product the piezoelectric device market is segmented as sensors, actuators, transducers, motors, and generators. The piezoelectric device market on the basis of application is segmented into industrial and manufacturing, aerospace and defense, automotive, healthcare, consumer electronics, and others. On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report also provides country level analysis for each of the segments. The U.S., Canada, Germany, Italy, France, U.K., China, Japan, India, Saudi Arabia, Africa, Brazil, and Argentina are the countries included in the market study of piezoelectric devices.
Some of the key players in the piezoelectric device market include Aerotech, Inc., APC International, Ltd., Ceramtec GmbH, Exelis, Inc., Morgan Adanced Materials, Piezo Solutions, Piezosystem Jena GmbH, Physik Instrumente (PI) GmbH & Co. Kg., CTS Coporation, and US Eurotek, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.