North America is the leading region in the global piezoelectric devices market. The region is expected to grow at a CAGR of around 5.5% during the forecast period. Owing to the wide application area of piezoelectric device which includes, automotive industry, electric and electronic industry, aerospace, medical devices, IoT device, military equipment and other industries, the demand for piezoelectric devices is increasing in North America. The increase in the mobile phone subscription is estimated to increase the demand for piezoelectric devices in the region. Smartphones and tablet manufacturers are developing their strategies for manufacturing of the energy-efficient batteries. With recent developments in the mobile phone industry for efficient and compact batteries, the region is estimated to grow further with the increasing number of applications of piezoelectric devices in computers, laptops and other electronic devices.
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The region is projected to mount up the need for piezoelectric devices in healthcare applications. Due to rapid growth in health-conscious population in North America, companies are bringing wearable devices in their product portfolio which as a result is projected to contribute a huge share in piezoelectric devices market. Application of piezoelectric devices is estimated to increase due to energy harvesting feature of the piezoelectric devices. Battery life remains a major concern in the smart gadgets operated by rechargeable batteries. Kinetic energy harvesting through these devices is poised to increase the share of piezoelectric devices.
Key players in the market include CTS Corp., CeramTec Holding GmbH, and Harris Corp. To survive in the market, the market players are adopting several strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in February 2019, CTS Corp. introduced piezoelectric curved shape components such as spheres, hemispheres, and curved plates. These shapes have intended to be used in the ultrasonic medical transducers and ultrasonic water devices.
North American Piezoelectric Devices Market Segmentation
By Application
- Aerospace
- Automotive
- Healthcare
- Industrial and Manufacturing
- Communication
- Military and Defense
- Others
By Material
- Naturally Occurring Crystal
- Synthetic Derived Material
- Ceramics
- Polymer
- Composite
By Product
- Actuators
- Longitudinal Actuators
- Acoustic Devices
- Motors
- Transducers
- Generators
- Resonators
- Sensors
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North American Piezoelectric Devices Market Regional Analysis
- United States
- Canada
