The global piezoelectric device market is anticipated to grow at a considerable CAGR of 4.7% during the forecast period. Increasing applications in medical & automotive and rising application of Nano technology are estimated to be the primary factors for driving the growth of the market. In addition, advancement in high speed communications is also estimated to contribute towards the growth of the market. Piezoelectric devices are widely used in the manufacturing of sensors that are used widely in automotive such as knock sensors, distance sensors and so on. Furthermore, other applications of piezoelectric devices in automotive such as usage in air bag sensors, anti-lock braking and so on. Piezoelectric device are the devices made up of piezoelectric substances. Piezoelectric substances can change their shape and size when subjected to mechanical strain, additionally they also have tendency to generate electricity. Zircanate, Titanate, Piezo crystals, and Piezo polymers are some of the commonly used piezoelectric substances. Wide applications of piezoelectric devices and technological advancement of the Nano technology are the major factors that are driving the growth of the across the globe.
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The development of wireless technology and MEMS technology has substituted the flaws of electrochemical batteries as power sources by the integration of piezoelectric technology, thereby driving the demand for piezoelectric devices. The ‘piezoelectric MEMS technology’ is required to develop high-performance thin films and convert piezo-thin films into futuristic naval sensors and devices for underwater applications. In May 2023, Indian Institute of Technology Madras (IIT Madras) researchers partnered with Defense Research and Development Organization (DRDO) scientists to develop sensor technology for naval applications. Such market developments are anticipated to promote global market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Piezoelectric Devices Market Segment
By Application
- Aerospace
- Automotive
- Industrial And Manufacturing
- Communication
- Medical
- Military And Defence
- Others (Keyboards, Printers, Desktop, Speaker, Energy Harvesting/Wearables)
By Material
- Naturally occurring crystal
- Synthetic Derived Material
o Crystals
o Ceramics
o Polymer
o Composite
By Products
- Actuators
- Acoustic Devices
- Motors
- Transducers
- Generators
- Resonators
- Sensors
Global Piezoelectric Devices Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global piezoelectric device market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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