Global Piezoelectric Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Piezoelectric Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Piezoelectric materials constitute various types of ceramics, polymers, crystals, and composites that can generate a voltage when subjected to external pressure or, conversely, expand when a voltage is applied. The response of the piezoelectric material to the mechanical force/pressure that causes the charge/voltage to be generated is referred to as the direct piezoelectric effect. In contrast, the application of charge/field that causes mechanical stress or strain is referred to as the opposite piezoelectric effect.

Market Overview:

The latest research study on the global Piezoelectric Materials market finds that the global Piezoelectric Materials market reached a value of USD 1119.14 million in 2022. It’s expected that the market will achieve USD 1451.28 million by 2028, exhibiting a CAGR of 4.43% during the forecast period.

Opportunities and Drivers

Piezoelectric materials are used in fuel injectors, tire pressure sensors, engine knock sensors, backup sensors, dynamic pressure sensors, and modern automobiles. As the automotive and consumer electronics industries thrive, piezoelectrics materials is growing rapidly in the automotive sector.
Due to the high dielectric constant of electronic product production are increasingly popular, which will drive Piezoelectric ceramics industry growth.
Major manufacturing companies have been increasing the implementation of automation systems as an important tool to reduce operating costs in the production process. As a tool to increase efficiency and shorten lead times, manufacturing automation is becoming more and more important, and will promote the use of piezoelectric materials in actuators and sensors to expand market demand.
Piezoelectric materials have the ability to change shape and have a high degree of stiffness during exposure to mechanical stress. These materials are primarily used in the manufacture of a variety of electronic products, including actuators, sensors, sensors, SONAR, generators and motors, which in turn will increase market growth.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Meggitt PLC, Johnson Matthey, Harris Corporation with the revenue market share of 5.82%, 5.65% and 5.23% in 2018.

Meggitt plc operates an engineering group, which specializes in aerospace, defense and electronics products. The Company manufactures aircraft instruments and valves, water injection systems, compact heat exchangers, smoke detection systems and defense systems, including aerial target systems and surveillance drones. Meggitt markets its products internationally.

Johnson Matthey PLC is a specialty chemicals company which manufactures catalysts, pharmaceutical materials, and pollution control systems. The Company also refines platinum, gold, and silver, and produces color and coating materials for the glass, ceramics, tile, plastics, paint, ink, and construction industries. Johnson Matthey has operations around the world.

Segmentation Overview:

Among different product types, Ceramics segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Military segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Piezoelectric Materials market covered in Chapter 3:

Johnson Matthey
Piezo Kinetics, Inc.
Arkema
APC International, Ltd
Konghong Corporation
Harris Corporation
Meggitt PLC
KYOCERA Corporation
TRS Technologies, Inc
CeramTec
Solvay S.A.
Physik Instrumente (PI) GmbH & Co. KG

In Chapter 4 and Chapter 14.2, on the basis of types, the Piezoelectric Materials market from 2018 to 2029 is primarily split into:

Ceramics
Polymers
Composites
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Piezoelectric Materials market from 2018 to 2029 covers:

Consumer Electronics
Automotive
Medical
Military
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)