Piezoelectric Device Trends and Forecast
The future of the global piezoelectric device market looks promising with opportunities in the aerospace & defense, industrial & manufacturing, automotive, healthcare, information & communication, and consumer electronic markets. The global piezoelectric device market is expected to reach an estimated $49.6 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are expanding use of energy harvesters powered by piezoelectric devices, increasing demand for precise and accurate control across a range of industries, including industrial automation, robotics, and medical imaging, along with the improvements in technology and materials that boost piezoelectric devices' dependability and performance.Piezoelectric Device by Segment
The study includes a forecast for the global piezoelectric device by product, application, material, element, and region.Piezoelectric Device Market by Product [Shipment Analysis by Value from 2018 to 2030]
- Piezoelectric Actuators
- Piezoelectric Sensors
- Piezoelectric Generators
- Piezoelectric Motors
- Piezoelectric Transducers
- Others
Piezoelectric Device Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Aerospace & Defense
- Industrial & Manufacturing
- Automotive
- Healthcare
- Information & Communication
- Consumer Electronics
- Others
Piezoelectric Device Market by Material [Shipment Analysis by Value from 2018 to 2030]
- Piezoelectric Crystals
- Piezoelectric Ceramics
- Piezoelectric Polymers
- Piezoelectric Composites
Piezoelectric Device Market by Element [Shipment Analysis by Value from 2018 to 2030]
- Piezoelectric Discs
- Piezoelectric Rings
- Piezoelectric Plates
Piezoelectric Device Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Piezoelectric Device 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 device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the piezoelectric device companies profiled in this report include-- APC International
- Birch Vesper Technologies
- Morgen Advanced Materials
- Cedrat Technologies
- Microgen Systems
- Kinetic Ceramics
- Kyocera
- Mad City Labs
- Nanomotion Solutions
- Oxsensis
Piezoelectric Device Market Insights
The publisher forecasts that piezoelectric generators will remain the largest segment over the forecast period due to technological developments including miniaturization, such as nanogenerators, nano-scaling, and vibration energy harvesting, as well as, in order to save energy, these generators are also used in offices and gyms.APAC is expected to witness highest growth over the forecast period due to increasing awareness of the need to adopt energy harvesting systems to preserve natural resources and cut down on excess energy consumption, growing government initiatives to boost the manufacturing sector in developing nations, and rising foreign investment in the industrial and manufacturing sectors in emerging economies like China and Japan.
Features of the Global Piezoelectric Device Market
- Market Size Estimates: Piezoelectric device 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 device market size by various segments, such as by product, application, material, element, and region in terms of value ($B).
- Regional Analysis: Piezoelectric device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product, application, material, element, and regions for the piezoelectric device market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the piezoelectric device market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the piezoelectric device market size?Answer: The global piezoelectric device market is expected to reach an estimated $49.6 billion by 2030.
Q2. What is the growth forecast for piezoelectric device market?
Answer: The global piezoelectric device market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the piezoelectric device market?
Answer: The major drivers for this market are expanding use of energy harvesters powered by piezoelectric devices, increasing demand for precise and accurate control across a range of industries, including industrial automation, robotics, and medical imaging, along with the improvements in technology and materials that boost piezoelectric devices' dependability and performance.
Q4. What are the major segments for piezoelectric device market?
Answer: The future of the global piezoelectric device market looks promising with opportunities in the aerospace & defense, industrial & manufacturing, automotive, healthcare, information & communication, and consumer electronic markets.
Q5. Who are the key piezoelectric device market companies?
Answer: Some of the key piezoelectric device companies are as follows:
- APC International
- Birch Vesper Technologies
- Morgen Advanced Materials
- Cedrat Technologies
- Microgen Systems
- Kinetic Ceramics
- Kyocera
- Mad City Labs
- Nanomotion Solutions
- Oxsensis
Answer: The publisher forecasts that piezoelectric generators will remain the largest segment over the forecast period due to technological developments including miniaturization, such as nanogenerators, nano-scaling, and vibration energy harvesting, as well as, in order to save energy, these generators are also used in offices and gyms.
Q7. In piezoelectric device market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing awareness of the need to adopt energy harvesting systems to preserve natural resources and cut down on excess energy consumption, growing government initiatives to boost the manufacturing sector in developing nations, and rising foreign investment in the industrial and manufacturing sectors in emerging economies like China and Japan.
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 device market by product (piezoelectric actuators, piezoelectric sensors, piezoelectric generators, piezoelectric motors, piezoelectric transducers, and others), application (aerospace & defense, industrial & manufacturing, automotive, healthcare, information & communication, consumer electronics, and others), material (piezoelectric crystals, piezoelectric ceramics, piezoelectric polymers, and piezoelectric composites), element (piezoelectric discs, piezoelectric rings, and piezoelectric plates), 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 Device 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
- APC International
- Birch Vesper Technologies
- Morgen Advanced Materials
- Cedrat Technologies
- Microgen Systems
- Kinetic Ceramics
- Kyocera
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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