Piezoelectric Actuator Trends and Forecast
The future of the global piezoelectric actuator market looks promising with opportunities in the aerospace, automotive, industrial manufacturing, healthcare, and consumer electronic markets. The global piezoelectric actuator market is expected to reach an estimated $10.2 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growing demand for miniaturization and precision in various industries, such as, semiconductor manufacturing, medical device, and aerospace, rising manufacturing of electrical and electronic devices, and increasing use of medical and healthcare equipment.Piezoelectric Actuator by Segment
The study includes a forecast for the global piezoelectric actuator by type, material, application, and region.Piezoelectric Actuator Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Stack Actuator
- Stripe Actuator
- Shear Actuator
- Tube Actuator
- Others
Piezoelectric Actuator Market by Material [Shipment Analysis by Value from 2018 to 2030]
- Ceramic
- Steel
- Others
Piezoelectric Actuator Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Aerospace
- Automotive
- Industrial Manufacturing
- Healthcare
- Consumer Electronics
- Others
Piezoelectric Actuator Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Piezoelectric Actuator Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies piezoelectric actuator companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the piezoelectric actuator companies profiled in this report include-- Thorlabs
- Kinetic Ceramics
- SAMSUNG ELECTRO-MECHANICS
- Murata
- EPCOS
- CEDRAT TECHNOLOGIES
- PiezoDrive
- Noliac
- Piezosystem Jena
- Viking AT
Piezoelectric Actuator Market Insights
The publisher forecasts that stack actuator will remain the largest segment over the forecast period because it has the ability to offer precise and controlled motion in various applications.APAC will remain the largest region over the forecast period due to favorable investment inflows and incentives combined with the region's growing use of medical devices and high demand for electronics.
Features of the Global Piezoelectric Actuator Market
- Market Size Estimates: Piezoelectric actuator market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Piezoelectric actuator market size by type, material, application, and region in terms of value ($B).
- Regional Analysis: Piezoelectric actuator market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, material, application, and regions for the piezoelectric actuator market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the piezoelectric actuator market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the piezoelectric actuator market size?Answer: The global piezoelectric actuator market is expected to reach an estimated $10.2 billion by 2030.
Q2. What is the growth forecast for piezoelectric actuator market?
Answer: The global piezoelectric actuator market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the piezoelectric actuator market?
Answer: The major drivers for this market are growing demand for miniaturization and precision in various industries, such as, semiconductor manufacturing, medical device, and aerospace, rising manufacturing of electrical and electronic devices and increasing use of medical and healthcare equipment.
Q4. What are the major segments for piezoelectric actuator market?
Answer: The future of the piezoelectric actuator market looks promising with opportunities in the aerospace, automotive, industrial manufacturing, healthcare, and consumer electronic markets.
Q5. Who are the key piezoelectric actuator market companies?
Answer: Some of the key piezoelectric actuator companies are as follows:
- Thorlabs
- Kinetic Ceramics
- SAMSUNG ELECTRO-MECHANICS
- Murata
- EPCOS
- CEDRAT TECHNOLOGIES
- PiezoDrive
- Noliac
- Piezosystem Jena
- Viking AT
Answer: The publisher forecasts that stack actuator will remain the largest segment over the forecast period because it has the ability to offer precise and controlled motion in various applications.
Q7. In piezoelectric actuator market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to favorable investment inflows and incentives combined with the region's growing use of medical devices and high demand for electronics.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the piezoelectric actuator market by type (stack actuator, stripe actuator, shear actuator, tube actuator, and others), material (ceramic, steel, and others), application (aerospace, automotive, industrial manufacturing, healthcare, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Piezoelectric Actuator Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Thorlabs
- Kinetic Ceramics
- SAMSUNG ELECTRO-MECHANICS
- Murata
- EPCOS
- CEDRAT TECHNOLOGIES
- PiezoDrive
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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