Global Piezoelectric Ceramics Market (2023 Edition): Analysis By Type, Application, End-User Industry: Market Insights and Forecast

Global Piezoelectric Ceramics Market (2023 Edition): Analysis By Type, Application, End-User Industry: Market Insights and Forecast

Executive Summary

Azoth Analytics has released a research report titled “Global Piezoelectric Ceramics Market (2023 Edition)” which provides a complete analysis of the Global Piezoelectric Ceramics Market industry in terms of market segmentation by Type - Lead Zirconate Titanate, Barium Titanate, Potassium Sodium Niobate, Sodium Tungstate, Others (Zinc Oxide (ZnO), Lead Titanate (PbTiO3), Lithium Niobate (LiNbO3), Lithium Titanate (LiTaO3), Sodium Tungstate (Na2WO3)), By Application – Capacitors, Data Storage Devices & Optoelectronic Devices, Actuators, Sensors, Others (SONAR, Transducer, Acoustic Devices) and By End-use Industry – Manufacturing, Consumer Electronics, Automotive, Medical, Others (Aerospace & Defense, Industry Goods, Energy, Marine). The market has been analysed at the global, regional and country-level for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.

The research report covers a detailed analysis of the regions (Americas, Europe, APAC, Middle East Africa) and 10 countries (United States, Canada, Brazil, Germany, United Kingdom, France, China, Japan, South Korea, India). The research study assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market's evolution. During the forecast period, 2024-2029, the Global Piezoelectric Ceramics Market is expected to expand at a CAGR of 9.5%. Rapid growth in the telecommunication sector is driving the Global Piezoelectric Ceramics Market. The Global Piezoelectric Ceramics Market is expected to generate ~USD 1.94 billion by the end of 2029, up from USD 1.1 billion in 2022.

The global piezoelectric ceramics industry involves the production and utilization of materials that exhibit the piezoelectric effect, which is the ability of certain materials to generate electric charge when subjected to mechanical stress and vice versa. These materials have found a wide range of applications across various sectors due to their ability to convert mechanical energy into electrical energy and vice versa. The piezoelectric ceramics industry has been experiencing steady growth due to the increasing demand from various sectors. Growth in manufacturing industries, and the telecommunication sector, have emerged as key drivers for the global Piezoelectric Ceramics market.

Piezoelectric Ceramics are used in information and telecommunication in the form of piezo couplers, which is an electronic component that converts electrical signals to mechanical vibrations or vice versa. They are used in telecommunication devices such as mobile phones, tablets, and computers to make their microphones. They also act as speakers for playing audio on these devices. They can be found in cellular phones due to their high sensitivity and frequency range.

Advanced sintering methods have revolutionised the fabrication and performance of piezoelectric materials, enhanced their properties and expanded their applications. Sintering is a critical step in the manufacturing process of piezoelectric ceramics, where fine particles of piezoelectric material are heated to high temperatures, causing them to fuse and form a solid structure. Innovations in sintering techniques have yielded several benefits, making piezoelectric materials more efficient, reliable, and versatile.

Scope of the Report:

• The report analyses the Global Piezoelectric Ceramics Market by Value (USD Million).
• The report presents the analysis of the Global Piezoelectric Ceramics Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
• The report analyses the Global Piezoelectric Ceramics Market by Type (Lead Zirconate Titanate (PZT), Barium Titanate, Potassium Sodium Niobate, Sodium Tungstate, Others).
• The report analyses the Luxury Goods Market by Application (Capacitors, Data Storage Devices and Optoelectronic Devices, Actuators, Sensors, Others).
• The report analyses the Luxury Goods Market by End-use Industry (Manufacturing, Consumer Electronics, Automotive, Medical, Others).
• The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Type, and by Application.
• Also, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Kyocera Corporation, CTEC I GmbH Plochingen, CTS Corporation, Murata Manufacturing Co. Ltd., TDK Corporation, L3Harris Technologies, Johnson Matthey, KEMET Corporation, APC International, Piezo Kinetics.