Piezoceramic Discs Market By Type (Below 10mm, 10mm to 50mm, Above 50mm), By Application (Sensor and Actuators, Energy Harvesting, Medical Device, Industrial Applications, Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global piezoceramic discs market was valued at $2.9 billion in 2022 and is projected to reach $5.4 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032.
Piezoelectric ceramic discs are a type of electronic component that is frequently used in numerous applications due to their specific features and capabilities. These discs are made of materials that exhibit the piezoelectric effect, which allows them to generate an electric charge in reaction to mechanical stress or deformations and, conversely, to deform in response to an applied electric field.
The growth of global piezoceramic discs is majorly driven by the increasing adoption of piezoelectric devices for application paired with the growing demand for piezoelectric sensors and actuators from various end-use industries. Moreover, the rising demand for piezoelectric inkjet print heads from the printing industry is expected to drive market growth. However, the high cost of raw materials for piezoceramic discs is acting as the prime restraint of the global market. On the contrary, the rising demand for piezoelectric devices in developing applications is anticipated to provide lucrative opportunities for the Piezoceramic discs industry during the forecast period.
The Piezoceramic discs market is segmented into product type, application, and region. On the basis of type, the market is categorized into below 10mm, 10mm to 50mm, and above 50mm. By application, the Piezoceramic discs market is classified into sensor and actuators, energy harvesting, medical device, industrial applications, and consumer electronics. Region-wise, the piezoceramic discs market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include Physik Instrumente (PI) GmbH & Co. KG., Murata, TDK, CTS Corporation, Sparkler Ceramics, CeramTec, Fuji Ceramics Corporation, TRS Technologies, Inc, Micromechatronics Inc., and Sensor Technology Ltd.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the piezoceramic discs market analysis from 2022 to 2032 to identify the prevailing piezoceramic discs market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the piezoceramic discs market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global piezoceramic discs market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeBelow 10mm
10mm to 50mm
Above 50mm
By ApplicationSensor and Actuators
Energy Harvesting
Medical Device
Industrial Applications
Consumer Electronics
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
TDK Corp.
Sensor Technology Ltd
Fuji Ceramics Corporation
Micromechatronics Inc
Physik Instrumente (PI) GmbH & Co. KG.
CeramTec GmbH
Murata Manufacturing Co.,Ltd
TRS Technologies, Inc
CTS Corporation
Sparkler Ceramics Pvt. Ltd.
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