Global Piezoelectric Market 2024-2028

Global Piezoelectric Market 2024-2028

Global Piezoelectric Market 2024-2028

The piezoelectric market is forecasted to grow by USD 9871.4 mn during 2023-2028, accelerating at a CAGR of 5.27% during the forecast period. The report on the piezoelectric market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for energy-efficient solutions, rising integration of piezoelectric technology in portable devices, and increase in deployment of piezoelectric sensors in healthcare devices.

Technavio's piezoelectric market is segmented as below:

By Product

• Actuators and piezo generators
• Sensors and transducers
• Motor
• Acoustic devices
• Others

By Material

• Ceramics
• Polymers
• Composites
• Crystals

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the growing use of piezoelectric nanomaterials in electronic devices as one of the prime reasons driving the piezoelectric market growth during the next few years. Also, rise in adoption of piezoelectric devices and polymers in biomaterial and surgical applications and rise in adoption of piezoelectric devices in energy sector will lead to sizable demand in the market.

The report on the piezoelectric market covers the following areas:

• Piezoelectric market sizing
• Piezoelectric market forecast
• Piezoelectric market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading piezoelectric market vendors that include Amphenol Corp., APC International Ltd., CEDRAT TECHNOLOGIES SA, CeramTec GmbH, CTS Corp., Dynamic Structures and Materials LLC, HOERBIGER Holding AG, Hutchinson SA, Kistler Group, Kyocera Corp., L3Harris Technologies Inc., Mad City Labs Inc., Micromechatronics Inc., Morgan Advanced Materials Plc, Parker Hannifin Corp., Physik Instrumente GmbH and Co. KG, Piezo Kinetics Inc., Piezomechanik Dr. Lutz Pickelmann GmbH, Sparkler Ceramics Pvt. Ltd., and TDK Corp.. Also, the piezoelectric market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.