Piezoelectric Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Piezoelectric Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Piezoelectric Devices Market

The piezoelectric devices market size was valued at USD 29.10 billion in 2022, and the market is now projected to grow from USD 30.61 billion in 2023 to USD 50.32 billion by 2030, exhibiting a CAGR of 7.4% during the forecast period of 2023-2030.

The disruptions occasioned by the COVID-19 pandemic have affected the piezoelectric instrument market, through disruptions in the supply chain that hampered the manufacturing and delivery of essential parts. Various economic factors impacted and directly resulting to constraint in the research and development spending on piezoelectric technology. Furthermore, cash was redirected to develop equipment relevant to the ongoing pandemic, away from piezoelectric devices. The postponement of non-urgent items and entity surgical procedures also reduced piezoelectric’s urgent usage across multiple applications.

Piezoelectric components which are used more in the aerospace and defense industry are contributing much to piezoelectric instruments market growth. The characteristics of operation of piezoelectric materials make them ideal for use in numerous sensitive operations in the aerospace industry. Piezoelectric sensors and actuators yield a high degree of sensitivity for various parameters such as pressure, vibration, and temperature and are used in safety and operation of aircrafts. At the same time, these sensors are implemented in structural Health Monitoring systems for the possible defects detection, thereby increasing maintainability and safety.

This development of concern for improving the machine’s efficiency and protecting the workers is fueling the overall market growth across all the leading sectors such as construction, manufacturing, agriculture, and mining. Modern control systems are appreciated by their capacity to enhance the efficiency and effectiveness of costs and resources that can be achieved with the help of controls and operative feedback. Similarly, growing concern over potential workplace risks and dynamism of labor laws have shifted the attention toward the safety of employees as the devices allow for operations to be performed at a distance with minimal human intervention in potentially risky areas. The integration of piezoelectric devices not only improves production efficiency but also provides safety measures such as collision detection and proximity sensors thus, promoting market growth.

Comprehensive Analysis of Piezoelectric Devices Market

The piezoelectric devices market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, by application analysis, and by industry analysis. By type analysis include disc, plate, and ring. By application analysis include sensors, transducers, motors, actuators, and others (energy generators & others). By industry analysis include automotive, healthcare, aerospace & defense, consumer electronics, manufacturing, others (IT & telecom and others).

The Asia Pacific region lead the piezoelectric devices market share by benefitting a market size of USD 14.99 billion in 2022 due to demand for piezoelectric sensors and actuators.

The top players in the markets have a central responsibility in the healthcare industry to be sure of industrial prospectus development and to establish the market norms. These players include, Piezo System Jena, Murata, Morgan Advanced Materials, Mad City Labs, Inc., Poliak A/S, CTS Corporation, Piezomechanik Dr. Lutz Pickelmann GmbH, Physik Instrumente, CeramTec, APC International, Ltd. these market players provide a level-playing competitive landscape.

In April 2023, a research group at KAIST, led by Professor Keon Jae Lee, developed a highly sensitive wearable blood pressure sensor utilizing piezoelectric technology, in collaboration with the Catholic University of Korea's College of Medicine.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 7.4% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Type

Disc

Plate

Ring

By Application

Sensors

Transducers

Motors

Actuators

Others (Energy Generators and Others)

By Industry

Automotive

Healthcare

Aerospace & Defense

Consumer Electronics

Manufacturing

Others (IT & Telecom and Others)

By Region

North America (By Type, Application, Industry and Country)

U.S. (By Industry)

Canada (By Industry)

Mexico (By Industry)

Europe (By Type, Application, Industry and Country)

Germany (By Industry)

U.K. (By Industry)

France (By Industry)

Italy (By Industry)

Spain (By Industry)

Rest of Europe

Asia Pacific (By Type, Application, Industry and Country)

China (By Industry)

India (By Industry)

Japan (By Industry)

South Korea (By Industry)

Rest of Asia Pacific

Middle East & Africa (By Type, Application, Industry and Country)

GCC (By Industry)

South Africa (By Industry)

Rest of the Middle East & Africa

South America (By Type, Application, Industry and Country)

Brazil (By Industry)

Argentina (By Industry)

Rest of South America


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1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Piezoelectric Devices Key Players Market Share Insights and Analysis, 2022
5. Global Piezoelectric Devices Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
5.1. Key Findings
5.2. By Type (USD)
5.2.1. Disc
5.2.2. Plate
5.2.3. Ring
5.3. By Application (USD)
5.3.1. Sensors
5.3.2. Transducers
5.3.3. Motors
5.3.4. Actuators
5.3.5. Others (Energy Generators & Others)
5.4. By Industry (USD)
5.4.1. Automotive
5.4.2. Healthcare
5.4.3. Aerospace & Defense
5.4.4. Consumer Electronics
5.4.5. Manufacturing
5.4.6. Others (IT & Telecom & Others)
5.5. By Region (USD)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia-Pacific
5.5.4. Middle East & Africa
5.5.5. South America
6. North America Piezoelectric Devices Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
6.1. Key Findings
6.2. By Type (USD)
6.2.1. Disc
6.2.2. Plate
6.2.3. Ring
6.3. By Application (USD)
6.3.1. Sensors
6.3.2. Transducers
6.3.3. Motors
6.3.4. Actuators
6.3.5. Others (Energy Generators & Others)
6.4. By Industry (USD)
6.4.1. Automotive
6.4.2. Healthcare
6.4.3. Aerospace & Defense
6.4.4. Consumer Electronics
6.4.5. Manufacturing
6.4.6. Others (IT & Telecom & Others)
6.5. By Country (USD)
6.5.1. U.S.
6.5.1.1. By Industry
6.5.1.1.1. Automotive
6.5.1.1.2. Healthcare
6.5.1.1.3. Aerospace & Defense
6.5.1.1.4. Consumer Electronics
6.5.1.1.5. Manufacturing
6.5.1.1.6. Others (IT & Telecom & Others)
6.5.2. Canada
6.5.2.1. By Industry
6.5.2.1.1. Automotive
6.5.2.1.2. Healthcare
6.5.2.1.3. Aerospace & Defense
6.5.2.1.4. Consumer Electronics
6.5.2.1.5. Manufacturing
6.5.2.1.6. Others (IT & Telecom & Others)
6.5.3. Mexico
6.5.3.1. By Industry
6.5.3.1.1. Automotive
6.5.3.1.2. Healthcare
6.5.3.1.3. Aerospace & Defense
6.5.3.1.4. Consumer Electronics
6.5.3.1.5. Manufacturing
6.5.3.1.6. Others (IT & Telecom & Others)
7. Europe Piezoelectric Devices Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
7.1. Key Findings
7.2. By Type (USD)
7.2.1. Disc
7.2.2. Plate
7.2.3. Ring
7.3. By Application (USD)
7.3.1. Sensors
7.3.2. Transducers
7.3.3. Motors
7.3.4. Actuators
7.3.5. Others (Energy Generators & Others)
7.4. By Industry (USD)
7.4.1. Automotive
7.4.2. Healthcare
7.4.3. Aerospace & Defense
7.4.4. Consumer Electronics
7.4.5. Manufacturing
7.4.6. Others (IT & Telecom & Others)
7.5. By Country (USD)
7.5.1. Germany
7.5.1.1. By Industry
7.5.1.1.1. Automotive
7.5.1.1.2. Healthcare
7.5.1.1.3. Aerospace & Defense
7.5.1.1.4. Consumer Electronics
7.5.1.1.5. Manufacturing
7.5.1.1.6. Others (IT & Telecom & Others)
7.5.2. U.K.
7.5.2.1. By Industry
7.5.2.1.1. Automotive
7.5.2.1.2. Healthcare
7.5.2.1.3. Aerospace & Defense
7.5.2.1.4. Consumer Electronics
7.5.2.1.5. Manufacturing
7.5.2.1.6. Others (IT & Telecom & Others)
7.5.3. France
7.5.3.1. By Industry
7.5.3.1.1. Automotive
7.5.3.1.2. Healthcare
7.5.3.1.3. Aerospace & Defense
7.5.3.1.4. Consumer Electronics
7.5.3.1.5. Manufacturing
7.5.3.1.6. Others (IT & Telecom & Others)
7.5.4. Italy
7.5.4.1. By Industry
7.5.4.1.1. Automotive
7.5.4.1.2. Healthcare
7.5.4.1.3. Aerospace & Defense
7.5.4.1.4. Consumer Electronics
7.5.4.1.5. Manufacturing
7.5.4.1.6. Others (IT & Telecom & Others)
7.5.5. Spain
7.5.5.1. By Industry
7.5.5.1.1. Automotive
7.5.5.1.2. Healthcare
7.5.5.1.3. Aerospace & Defense
7.5.5.1.4. Consumer Electronics
7.5.5.1.5. Manufacturing
7.5.5.1.6. Others (IT & Telecom & Others)
7.5.6. Rest of Europe
8. Asia Pacific Piezoelectric Devices Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
8.1. Key Findings
8.2. By Type (USD)
8.2.1. Disc
8.2.2. Plate
8.2.3. Ring
8.3. By Application (USD)
8.3.1. Sensors
8.3.2. Transducers
8.3.3. Motors
8.3.4. Actuators
8.3.5. Others (Energy Generators & Others)
8.4. By Industry (USD)
8.4.1. Automotive
8.4.2. Healthcare
8.4.3. Aerospace & Defense
8.4.4. Consumer Electronics
8.4.5. Manufacturing
8.4.6. Others (IT & Telecom & Others)
8.5. By Country (USD)
8.5.1. China
8.5.1.1. By Industry
8.5.1.1.1. Automotive
8.5.1.1.2. Healthcare
8.5.1.1.3. Aerospace & Defense
8.5.1.1.4. Consumer Electronics
8.5.1.1.5. Manufacturing
8.5.1.1.6. Others (IT & Telecom & Others)
8.5.2. India
8.5.2.1. By Industry
8.5.2.1.1. Automotive
8.5.2.1.2. Healthcare
8.5.2.1.3. Aerospace & Defense
8.5.2.1.4. Consumer Electronics
8.5.2.1.5. Manufacturing
8.5.2.1.6. Others (IT & Telecom & Others)
8.5.3. Japan
8.5.3.1. By Industry
8.5.3.1.1. Automotive
8.5.3.1.2. Healthcare
8.5.3.1.3. Aerospace & Defense
8.5.3.1.4. Consumer Electronics
8.5.3.1.5. Manufacturing
8.5.3.1.6. Others (IT & Telecom & Others)
8.5.4. South Korea
8.5.4.1. By Industry
8.5.4.1.1. Automotive
8.5.4.1.2. Healthcare
8.5.4.1.3. Aerospace & Defense
8.5.4.1.4. Consumer Electronics
8.5.4.1.5. Manufacturing
8.5.4.1.6. Others (IT & Telecom & Others)
8.5.5. Rest of Asia Pacific
9. Middle East and Africa Piezoelectric Devices Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
9.1. Key Findings
9.2. By Type (USD)
9.2.1. Disc
9.2.2. Plate
9.2.3. Ring
9.3. By Application (USD)
9.3.1. Sensors
9.3.2. Transducers
9.3.3. Motors
9.3.4. Actuators
9.3.5. Others (Energy Generators & Others)
9.4. By Industry (USD)
9.4.1. Automotive
9.4.2. Healthcare
9.4.3. Aerospace & Defense
9.4.4. Consumer Electronics
9.4.5. Manufacturing
9.4.6. Others (IT & Telecom & Others)
9.5. By Country (USD)
9.5.1. GCC
9.5.1.1. By Industry
9.5.1.1.1. Automotive
9.5.1.1.2. Healthcare
9.5.1.1.3. Aerospace & Defense
9.5.1.1.4. Consumer Electronics
9.5.1.1.5. Manufacturing
9.5.1.1.6. Others (IT & Telecom & Others)
9.5.2. South Africa
9.5.2.1. By Industry
9.5.2.1.1. Automotive
9.5.2.1.2. Healthcare
9.5.2.1.3. Aerospace & Defense
9.5.2.1.4. Consumer Electronics
9.5.2.1.5. Manufacturing
9.5.2.1.6. Others (IT & Telecom & Others)
9.5.3. Rest of Middle East and Africa
10. South America Piezoelectric Devices Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
10.1. Key Findings
10.2. By Type (USD)
10.2.1. Disc
10.2.2. Plate
10.2.3. Ring
10.3. By Application (USD)
10.3.1. Sensors
10.3.2. Transducers
10.3.3. Motors
10.3.4. Actuators
10.3.5. Others (Energy Generators & Others)
10.4. By Industry (USD)
10.4.1. Automotive
10.4.2. Healthcare
10.4.3. Aerospace & Defense
10.4.4. Consumer Electronics
10.4.5. Manufacturing
10.4.6. Others (IT & Telecom & Others)
10.5. By Country (USD)
10.5.1. Brazil
10.5.1.1. By Industry
10.5.1.1.1. Automotive
10.5.1.1.2. Healthcare
10.5.1.1.3. Aerospace & Defense
10.5.1.1.4. Consumer Electronics
10.5.1.1.5. Manufacturing
10.5.1.1.6. Others (IT & Telecom & Others)
10.5.2. Argentina
10.5.2.1. By Industry
10.5.2.1.1. Automotive
10.5.2.1.2. Healthcare
10.5.2.1.3. Aerospace & Defense
10.5.2.1.4. Consumer Electronics
10.5.2.1.5. Manufacturing
10.5.2.1.6. Others (IT & Telecom & Others)
10.5.3. Rest of South America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Piezo System Jena
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Murata
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Morgan Advanced Materials
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Mad City Labs, Inc
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Poliak A/S
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. CTS Corporation
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Piezomechanik Dr. Lutz Pickelmann GmbH
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Physik Instrumente
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. CeramTec
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. APC International, Ltd.
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments

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