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At a compound annual growth rate (CAGR) of 6.7% over the forecast period (2023-2030), the size of the global piezoelectric materials market is expected to increase from USD 29.28 billion in 2022 to USD 48.16 billion by 2030.
Some materials have the unexpected property of piezoelectricity, which causes an electric field to be triggered when pressure is applied to the material. When subjected to mechanical stress, piezoelectric materials are able to undergo morphological changes and exhibit a high degree of stiffness. Because of its widespread incorporation into modern electronic products such sensors, actuators, transducers, SONAR, motors, and generators, the worldwide piezoelectric materials market is expected to expand rapidly over the next years. The materials' limited thermal expansion makes them useful as an insulator against the damaging effects of temperature fluctuations, making them ideal for use in electronic applications. The demand for photovoltaic cells is on the rise, and as a result, their widespread adoption in industrialized nations like the United States and Germany is anticipated to expand. Parker and Solvay's innovative products have increased demand for alternatives like dielectric and inherently conductive polymers used in actuator production, which is projected to slow the industry's expansion.
Products, applications, end-uses, and regions all play a role in the various submarkets that make up the global piezoelectric materials market. Ceramics, polymers, composites, and other materials all play a role in the piezoelectric materials market. Actuators, sensors, motors, acoustic devices, generators, and others make up a portion of the Piezoelectric Materials Market's application subsegmentation. Piezoelectric Materials Market is split up by application into transportation, medical, consumer, and aerospace & military. The global Piezoelectric Materials Market is broken down into the following regions: North America, Latin America, Europe, the Asia-Pacific, and the Middle East and Africa.
Product-Specific Analysis of the Piezoelectric Materials Market
Ceramics, polymers, composites, and other materials all play a role in the piezoelectric materials market. Lead zirconate titanate ceramics and lead-free ceramics form two further categories within the ceramics sector. Since lead zirconate titanate's performance may be easily modified on the uses of doping materials, the ceramics segment may hold the largest market share during the provided forecast period due to its widespread consumption in the production of actuators and transducers. As demand for composites as a filler is likely to rise, the market stands to benefit from the material's high electro-acoustic efficiency and wide bandwidth. The rapid expansion of the composites industry can be attributed to its widespread use in subsea acoustics, ultrasonic technology, and non-destructive testing.
Market Segmentation of Piezoelectric Materials
Actuators, sensors, motors, acoustic devices, generators, and others are only some of the several types of applications that have been identified in the industry. Electric actuators are predicted to grow in popularity throughout the projection period as more and more people seek out their high power economy and rapid rotating speed. The widespread use of sensors in areas like consumer electronics, automated cars, and assembly lines bodes well for the segment's predicted CAGR. It is sensitive to variations in energy and can translate those readings into actionable electrical impulses. The capacity of piezo generators to produce low-frequency sound waves is expected to drive demand, which in turn should increase the market size throughout the projection period.
Influencers of the Piezoelectric Materials Industry
Its widespread applicability means it will be in high demand, helping drive the market forward.
Automation in end-use industries like automotive and electronic manufacturing has led to a rise in the demand for devices like transducers, sensors, actuators, and motors. The expansion of piezoelectric materials is attributable to the widespread adoption of these materials in devices that measure pressure, acceleration, strain, and acoustic intensity.
Investments in missile guidance systems, drones, and radars are attracting the attention of governments looking to strengthen their military forces. Sensors, acoustic devices, and SONARS have become increasingly important in the study of space objects and their environments as space exploration has progressed, and these instruments require special piezoelectric materials in order to detect even the smallest changes in their range, endure harsh conditions, and produce accurate and harmonious results. Therefore, it is a key factor in the expansion of the market.
Market Constraints for Piezoelectric Materials
Potentially Limiting Features Might Slow Sales in the Market
Inaccurate results may come about due to the deployment of piezoelectric materials such as lead zirconate titanate and natural crystals, which are incapable of distinguishing between true signals and noise in the system.
Influential Patterns in the Market
Due to the lead content of PZT, the material's application is limited by the EU's Restrictions of Hazardous Substances (RoHS) Directive 2002/95/EC. Flexible piezoelectric materials are being researched, and polymers with piezoelectric properties as polyvinylidene fluoride (PVDF) and polysulfone are being looked into as possibilities. Since lead is toxic to humans, efforts to find safer ceramic alternatives are expected to accelerate in the future years, driving market expansion.
Report Coverage
Global Piezoelectric Materials research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Piezoelectric Materials report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Piezoelectric Materials competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Piezoelectric Materials market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Piezoelectric Materials market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Piezoelectric Materials market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Morgan Advanced Materials, APC International Ltd., PI Ceramic, CeramTec, Piezo Kinetics, Inc., CTS Corporation, Harris Corporation, KYOCERA Corporation, Noliac A/S, Meggitt Sensing Systems, TRS Technologies, Inc., PI (Physik Instrumente) L.P., Mad City Labs, Inc., Johnson Matthey, US EuroTek, Inc., National Institute for Materials Science (NIMS), NGK Insulators, Ltd., Sparkler Ceramics Pvt. Ltd., Exelis Inc., Ceradyne, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Piezoelectric Materials market based on the segments.
Global Piezoelectric Materials market, Regional Analysis
Some materials have the unexpected property of piezoelectricity, which causes an electric field to be triggered when pressure is applied to the material. When subjected to mechanical stress, piezoelectric materials are able to undergo morphological changes and exhibit a high degree of stiffness. Because of its widespread incorporation into modern electronic products such sensors, actuators, transducers, SONAR, motors, and generators, the worldwide piezoelectric materials market is expected to expand rapidly over the next years. The materials' limited thermal expansion makes them useful as an insulator against the damaging effects of temperature fluctuations, making them ideal for use in electronic applications. The demand for photovoltaic cells is on the rise, and as a result, their widespread adoption in industrialized nations like the United States and Germany is anticipated to expand. Parker and Solvay's innovative products have increased demand for alternatives like dielectric and inherently conductive polymers used in actuator production, which is projected to slow the industry's expansion.
Products, applications, end-uses, and regions all play a role in the various submarkets that make up the global piezoelectric materials market. Ceramics, polymers, composites, and other materials all play a role in the piezoelectric materials market. Actuators, sensors, motors, acoustic devices, generators, and others make up a portion of the Piezoelectric Materials Market's application subsegmentation. Piezoelectric Materials Market is split up by application into transportation, medical, consumer, and aerospace & military. The global Piezoelectric Materials Market is broken down into the following regions: North America, Latin America, Europe, the Asia-Pacific, and the Middle East and Africa.
Product-Specific Analysis of the Piezoelectric Materials Market
Ceramics, polymers, composites, and other materials all play a role in the piezoelectric materials market. Lead zirconate titanate ceramics and lead-free ceramics form two further categories within the ceramics sector. Since lead zirconate titanate's performance may be easily modified on the uses of doping materials, the ceramics segment may hold the largest market share during the provided forecast period due to its widespread consumption in the production of actuators and transducers. As demand for composites as a filler is likely to rise, the market stands to benefit from the material's high electro-acoustic efficiency and wide bandwidth. The rapid expansion of the composites industry can be attributed to its widespread use in subsea acoustics, ultrasonic technology, and non-destructive testing.
Market Segmentation of Piezoelectric Materials
Actuators, sensors, motors, acoustic devices, generators, and others are only some of the several types of applications that have been identified in the industry. Electric actuators are predicted to grow in popularity throughout the projection period as more and more people seek out their high power economy and rapid rotating speed. The widespread use of sensors in areas like consumer electronics, automated cars, and assembly lines bodes well for the segment's predicted CAGR. It is sensitive to variations in energy and can translate those readings into actionable electrical impulses. The capacity of piezo generators to produce low-frequency sound waves is expected to drive demand, which in turn should increase the market size throughout the projection period.
Influencers of the Piezoelectric Materials Industry
Its widespread applicability means it will be in high demand, helping drive the market forward.
Automation in end-use industries like automotive and electronic manufacturing has led to a rise in the demand for devices like transducers, sensors, actuators, and motors. The expansion of piezoelectric materials is attributable to the widespread adoption of these materials in devices that measure pressure, acceleration, strain, and acoustic intensity.
Investments in missile guidance systems, drones, and radars are attracting the attention of governments looking to strengthen their military forces. Sensors, acoustic devices, and SONARS have become increasingly important in the study of space objects and their environments as space exploration has progressed, and these instruments require special piezoelectric materials in order to detect even the smallest changes in their range, endure harsh conditions, and produce accurate and harmonious results. Therefore, it is a key factor in the expansion of the market.
Market Constraints for Piezoelectric Materials
Potentially Limiting Features Might Slow Sales in the Market
Inaccurate results may come about due to the deployment of piezoelectric materials such as lead zirconate titanate and natural crystals, which are incapable of distinguishing between true signals and noise in the system.
Influential Patterns in the Market
Due to the lead content of PZT, the material's application is limited by the EU's Restrictions of Hazardous Substances (RoHS) Directive 2002/95/EC. Flexible piezoelectric materials are being researched, and polymers with piezoelectric properties as polyvinylidene fluoride (PVDF) and polysulfone are being looked into as possibilities. Since lead is toxic to humans, efforts to find safer ceramic alternatives are expected to accelerate in the future years, driving market expansion.
Report Coverage
Global Piezoelectric Materials research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Piezoelectric Materials report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Piezoelectric Materials competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Piezoelectric Materials market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Morgan Advanced Materials, APC International Ltd., PI Ceramic, CeramTec, Piezo Kinetics, Inc., CTS Corporation, Harris Corporation, KYOCERA Corporation, Noliac A/S, Meggitt Sensing Systems, TRS Technologies, Inc., PI (Physik Instrumente) L.P., Mad City Labs, Inc., Johnson Matthey, US EuroTek, Inc., National Institute for Materials Science (NIMS), NGK Insulators, Ltd., Sparkler Ceramics Pvt. Ltd., Exelis Inc., Ceradyne, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Piezoelectric Materials Market from 2021 to 2030.
- Market Forecast for Piezoelectric Materials Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Piezoelectric Materials competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Piezoelectric Materials
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Piezoelectric Materials market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Piezoelectric Materials market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Morgan Advanced Materials, APC International Ltd., PI Ceramic, CeramTec, Piezo Kinetics, Inc., CTS Corporation, Harris Corporation, KYOCERA Corporation, Noliac A/S, Meggitt Sensing Systems, TRS Technologies, Inc., PI (Physik Instrumente) L.P., Mad City Labs, Inc., Johnson Matthey, US EuroTek, Inc., National Institute for Materials Science (NIMS), NGK Insulators, Ltd., Sparkler Ceramics Pvt. Ltd., Exelis Inc., Ceradyne, Inc.
Primary Target Market
- Market Players of Piezoelectric Materials
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Piezoelectric Materials market based on the segments.
Global Piezoelectric Materials market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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