Piezoelectric Actuator Market Forecasts to 2028 – Global Analysis By Product (Tube Actuator, Stack Actuator, Shear Actuator and Linear Motor, Stripe Actuator), Actuator Type (Amplified Actuators, Multilayer Actuators, Shear Actuators, Multilayer Chip Actu

Piezoelectric Actuator Market Forecasts to 2028 – Global Analysis By Product (Tube Actuator, Stack Actuator, Shear Actuator and Linear Motor, Stripe Actuator), Actuator Type (Amplified Actuators, Multilayer Actuators, Shear Actuators, Multilayer Chip Actuators, Bulk Stacked Actuators, Benders), Application (Optical Instruments, Printed Heads, Valves, Scientific Instruments, Positioners), End User(Consumer Electronics, Automotive, Medical, Manufacturing & Processing, Aerospace & Defense, Aviation, Healthcare), and Geography

According to Stratistics MRC, the Global Piezoelectric Actuator Market is accounted for $212.43 billion in 2022 and is expected to reach $315.23 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Piezoelectric actuators include transducers that use the piezoelectric effect to translate electrical power into mechanical movements or stress. Furthermore, because of their enormous generated force, steady displacement, and simplicity of operation, these actuators are frequently utilised in high-precision positioning mechanisms. They can regulate small mechanical displacement at a rapid speed. Piezoelectric actuators are available in a variety of sizes and designs.

Market Dynamics:

Driver:

Elevated use of piezoelectric energy harvesters

Energy harvesting is the technique of capturing environmental energy sources such as heat, light, wind, and mechanical energy and turning them into electrical energy. This energy is simple to convey, can be used to power equipment or devices directly, and can be stored in batteries or ultra-capacitors. Piezoelectric generators provide a dependable solution by converting environmental vibration energy into useful electrical energy. They are appropriate for uses that call for directly powering remote sensor systems, super capacitors, or battery charging. Internet of things (IoT) applications and low-power wireless sensor systems are the two main applications for piezoelectric energy harvesters. The potential for downsizing and MEMS integration with piezoelectric energy harvesters is a significant advantage. As a result, it becomes less expensive to transmit power over vast distances using wires.

Restraint:

Limitations of piezoelectric ceramics

Piezoelectric ceramic materials typically have high piezoelectric coefficients and dielectric constants, making them ideal for multipurpose applications or high-energy harvesting devices. However, due to the brittleness of the materials, complicated and expensive manufacturing procedure, and presence of poisonous chemicals, their wide practical uses are constrained. Contrarily, bio-piezoelectric materials exhibit spontaneous piezoelectricity but have poor piezoelectric coefficients and dielectric constants as a downside. Ceramics can only be used for minor deformations due to their fragility. Several qualities, including light weight, high electromechanical coupling constant, low thermal expansion and conductivity, mechanical flexibility and compliance, etc., may be necessary in electromechanical devices. The materials are prone to fracture because piezoelectric ceramics are inherently brittle and are breakable in an electric field. Reliability of the product may be seriously impacted by this.

Opportunity:

Growing use of piezoelectric actuators

Fast-responding lead zirconate titanate (PZT) nanoparticles and nanopowder can be used in circuits with low or high voltage and have good mechanical and auditory interaction. Inorganic ferroelectric materials with piezoelectric properties, such as lead zirconate titanate nanoparticles and nanopower, can be employed in devices including piezoelectric resonators, ultrasonic transducers, and infrared spectroscopy. As a result of their chemical inertness and physical toughness, PZT nanoparticles are among the most widely used piezoelectric materials.

Threat:

High voltage

There are several uses for piezoelectric actuators across numerous sectors. However, there aren't many market obstacles for these products. Piezoelectric actuators have a relatively short range and need high voltage to perform well, which raises the total price of the operation. The difficulty in managing humidity and the elevated risk of short circuit are two additional significant issues the piezoelectric actuator market must deal with. The possibility of cross-contact between the actuator's several layers grows as humidity levels rise. Due to these issues, it is anticipated that the industry would only experience modest development in the years to come.

Covid-19 Impact

According to estimates, the healthcare industry will continue to have a constant demand for piezoelectric actuators during the COVID-19 event. Market operators should concentrate on attractive prospects in the healthcare industry to avoid losses as a result of the current corona virus epidemic that has forced the government to implement a lockdown in order to assist stop the virus's spread. Non-essential services are currently delayed as the entire world is largely focused on controlling the infection. However, the COVID-19 epidemic will reduce demand from other industries and hurt the profitability of businesses that make piezoelectric actuators.

The stack actuator segment is expected to be the largest during the forecast period

The stack actuator segment is estimated to have a lucrative growth. Discrete stacks as well as a co-fired multilayer stack actuator make up the stack's actuator portion. High locking force & low stroke are provided using stacked piezoelectric actuators. While co-fired batteries have an operational voltage as high as 200V, discrete batteries have a range of 500–1000V.

The Aerospace & Defense segment is expected to have the highest CAGR during the forecast period

The Aerospace & Defense segment is anticipated to witness the fastest CAGR growth during the forecast period. The expansion of the market is related to the increasing use of piezoelectric components in aerospace and defence applications, including actuators, sensors, and motors. The market is expected to grow during the forecast period due to factors such as rising production of commercial and military aircrafts, rising importance of piezoelectric actuators in wind turbines, planes, motors, laboratory tables, and machine tools, and rising use of these actuators in various parts of aircraft to dampen unwanted vibrations.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rising modernization costs for aircraft and improvements in fighter aircraft technology are expected to drive the global military aircraft market during the forecast period. Furthermore, the military aircraft fleet has been expanded globally as a result of expanding national security concerns. As a result, piezoelectric actuator demand is increasing due to the use of these devices in fighter aircraft by various air force organisations throughout the world. The aerospace and defence industries in Asia Pacific are increasingly utilising technologically sophisticated piezoelectric actuators as a result of the benefits outlined above. In addition, the presence of numerous reputable producers of piezoelectric actuators in Asia Pacific is anticipated to fuel growth in the market there throughout the course of the forecast period.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to support the region's manufacturing, processing, and automotive industries. Several reputable companies that design and provide piezoelectric actuators are based in the United States. The North American piezoelectric actuator market is predicted to grow over the forecast period due to rising demand from the manufacturing and processing industry.

Key players in the market

Some of the key players profiled in the Piezoelectric Actuator Market include Piezosystem Jena, TDK Corporation, Kinetic Ceramics, Murata Manufacturing, Omega Piezo Technologies, Johnson Matthey Piezo Products, Noliac, PiezoDrive, APC International Ltd, Samsung ElectroMechanics Co Ltd., Morgan Electroceramics Ltd., Prior Scientific Ltd., Nanomotion Ltd and Heason Technology Ltd.

Key Developments:

In May 2019, TDK Corporation announced that the company developed PiezoListen™, an ultra-thin piezoelectric speaker that has the ability to produce sounds with broader frequency range and greater output in low range as compared with other piezoelectric speakers.

Products Covered:
• Tube Actuator
• Stack Actuator
• Shear Actuator and Linear Motor
• Stripe Actuator
• Others Products

Actuator Types Covered:
• Amplified Actuators
• Multilayer Actuators
• Shear Actuators
• Multilayer Chip Actuators
• Bulk Stacked Actuators
• Benders
• Other Actuator Types

Applications Covered:
• Optical Instruments
• Printed Heads
• Valves
• Scientific Instruments
• Positioners
• Other Applications

End Users Covered:
• Consumer Electronics
• Automotive
• Medical
• Manufacturing & Processing
• Aerospace & Defense
• Industrial
• Aviation
• Healthcare
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements