Which are the opportunities in piezoelectric devices market

According to the research report "Piezoelectric Devices Market by Material (Piezoelectric Ceramics, Crystals, Polymers), Product (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer), and Region - Global Forecast to 2025", is estimated to grow from USD 28.9 billion in 2020 to USD 34.7 billion by 2025; at a CAGR of 3.7%. Rising demand for piezoelectric devices for energy harvesting and for aerospace & defense applications are the factors fueling the growth of this market.

Browse 109 market data Tables and 55 Figures spread through 194 Pages and in-depth TOC on "Piezoelectric Devices Market - Global Forecast to 2025"

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256019882

“Market for piezoelectric generators is expected to grow at highest CAGR during forecast period”

The market for piezoelectric generators is expected to grow at the highest CAGR during the forecast period. The growth is attributed to numerous technological developments such as miniaturization, nanoscaling (e.g., nanogenerators), precision-motion, and vibration energy harvesting being carried out in various applications. Moreover, piezoelectric generators have the ability to harvest mechanical energy from the surrounding environment and convert it into electrical energy. Hence, piezoelectric nanogenerators are used on a large scale in portable consumer electronic devices such as smartwatches, smartphones, laptops, and notebooks to cater to their power requirements.

“Piezoelectric ceramics accounted for largest share of piezoelectric devices market in 2019”

Piezoelectric ceramics held the largest size of the piezoelectric devices market, by material, in 2019 and are expected to continue to hold a major market share during the forecast period. They offer fast response time, high output, frequency, sensitivity, and can be used with low-voltage or high-voltage drive circuits and are available in a wide variety of shapes and sizes. Thus, piezoelectric ceramics are being widely used and are commercially accepted piezoelectric materials. Moreover, the manufacturing cost of piezoelectric ceramics is low and these materials can be easily tailored to meet the requirements of specific applications such as medical technologies, mechanical and automotive engineering, and semiconductor technologies.

“Market for healthcare application is expected to grow at highest CAGR during forecast period”

Among applications, the market for the healthcare application is expected to grow at the highest CAGR from 2020 to 2025. Piezoelectric actuators and positioning systems are used for precision and stability in visualization and microscopy for diagnostic applications. Moreover, piezoelectric actuators and sensors are used in air bubble detectors (ABD), therapeutic ultrasound, and transdermal drug delivery. The demand for high-quality piezoelectric elements and materials is expected to increase considerably in line with rising life expectancy. Hence, the market for the healthcare application is expected to grow at the highest CAGR during the forecast period.

“APAC accounted largest share of piezoelectric devices market in 2019”

APAC accounted for the largest share of the piezoelectric devices market and the market in the region is expected to grow at the highest CAGR during the forecast period. The growth of the piezoelectric devices market in this region is attributed to increasing government initiatives, rising foreign investments, growing population, along with the bulk manufacturing facilities of piezoelectric devices, presence of numerous manufacturers and suppliers, low cost of piezoelectric devices, and technological advancements in emerging markets.

L3HARRIS TECHNOLOGIES, INC. (Florida, US), CeramTec GmbH (Plochingen, Germany), CTS CORPORATION (Illinois, US), Physik Instrumente (PI) GmbH & Co. KG. (Karlsruhe, Germany), and APC International, Ltd., (Mackeyville, PA) are the key players in the piezoelectric devices market. These players are increasingly undertaking strategies such as product launches & developments, expansions, partnerships, collaborations, contracts, and mergers & acquisitions to increase their market share.

 

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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441