Piezoelectric Devices Market : Industry Trends and Technology Update 2022

According to the new market research report "Piezoelectric Devices Market by Material (Piezoceramics, Piezopolymers, Piezocomposites, Piezocrystals), Product (Actuators, Transducers, Motors, Sensors, Generators), Application (Industrial, Automotive, Healthcare, Consumer) - Global Forecast to 2022", the market is expected to be worth USD 31.33 Billion by 2022, growing at a CAGR of 4.88% between 2016 and 2022. The driving factors for the growth of this market include increasing demand for piezoceramic devices, increased funding from government and investors, emerging energy harvesting techniques, rising demand in automotive sector, and growing popularity of miniaturization technology.

Browse 67 market data tables and 48 figures spread through 169 pages and in-depth TOC on “Piezoelectric Devices Market - Global Forecast to 2022”

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256019882

Piezoceramic materials was the largest segment in terms of market size in 2015

Piezoceramics are the most widely used and commercially accepted piezoelectric material as they exhibit larger displacements or induce larger electric voltages than other conventional ceramic materials such as quartz, berlinite, and topaz. In addition, piezoceramic materials are cost-effective and can be easily tailored to meet the requirements of specific applications. Therefore, piezoceramics is the most preferred material for manufacturing piezoelectric devices. Owing to these properties, piezoceramic material held the largest size of the overall market based on material in 2015.

Piezoelectric actuators expected to dominate the piezoelectric devices market during forecast

Piezoelectric actuators offer benefits in terms of speed, size, reliability, resolution, and vacuum compatibility. In addition, emerging applications of piezoelectric actuators in microactuator medical tools for minimally invasive surgery, microgrippers in manufacturing microsized objects such as stents, and high-temperature actuators for diesel injector valves in automobiles are also expected to propel the growth of the market for piezoelectric actuators.

The market in APAC expected to grow at the highest CAGR during forecast period

APAC is expected to hold the largest size of the piezoelectric device market by 2022. APAC is the largest producer of piezocrystals as it produces around 2 billion piezocrystals every year. These piezocrystals have applications in consumer electronics. The market in APAC comprises developing economies such as China and India, which have huge potential for piezoelectric device applications. Some of the major factors that drive the demand for piezoelectric technologies in APAC include increase in adoption of portable electronics technology and growth in the digitalization and information and communication markets. The ongoing urbanization and increasing investment by the global healthcare solution providers in this region are also the major factors contributing to the high demand for the advanced medical solutions and surgical tools in which piezoelectric devices are used.

Major players in this industry include APC International, Ltd. (U.S.), Exelis (U.S.), Morgan Advanced Materials (U.K.), Physik Instrumente (PI) GmbH & Co. KG.(Germany), piezosystem jena (Germany), CeramTec GmbH (Germany), Piezo Solutions (U.S.), Piezo Systems, Inc. (U.S.), Piezomechanik Dr. Lutz Pickelmann GmbH (Germany), Mad City Labs Inc. (U.S.), US EuroTek, Inc. (U.S.), CTS Corporation (U.S.), and Aerotech Inc. (U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441