Global Piezoelectric Smart Materials Market 2024-2028
The piezoelectric smart materials market is forecasted to grow by USD 39.49 bn during 2023-2028, accelerating at a CAGR of 15.63% during the forecast period. The report on the piezoelectric smart materials 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, growing automotive industry in developing economies, and rising demand for consumer electronics.
Technavio's piezoelectric smart materials market is segmented as below:
By Application
- Actuators and motors
- Transducers
- Sensors
- Structural materials
- Others
By Type
- Ceramics
- Composites
- Polymers
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 smart materials market growth during the next few years. Also, advances in healthcare technologies and rise in adoption of piezoelectric smart materials in energy sector will lead to sizable demand in the market.
The report on the piezoelectric smart materials market covers the following areas:
- Piezoelectric smart materials market sizing
- Piezoelectric smart materials market forecast
- Piezoelectric smart materials 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 smart materials market vendors that include APC International Ltd., Arkema Group, CEDRAT TECHNOLOGIES SA, CeramTec GmbH, CTS Corp., Hutchinson SA, Kyocera Corp., L3Harris Technologies Inc., Mad City Labs Inc., Omega Piezo Technologies, Piezo Kinetics Inc., Piezomechanik Dr. Lutz Pickelmann GmbH, Piezosystem Jena GmbH, QorTek Inc., Solvay SA, Tayca Corp., US Eurotek Inc., XeelTech GmbH, Zibo Yuhai Electronic Ceramic Co. Ltd., and Smart Material GmbH. Also, the piezoelectric smart materials 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.