About This Report

Piezoelectric Devices Market, by Material (Piezoelectric Crystals, Piezoelectric Ceramics, Piezoelectric Composites, and Piezoelectric Polymers), by Product Type (Actuators & Motors, Sensors, Transducers, Generators, Ceramics, and Others), by Operation Modes (Direct Piezoelectric Effect, and Converse Piezoelectric Effect), by Elements (Piezoelectric Discs, Piezoelectric Rings, and Piezoelectric Plates), by End-User (Consumer Electronics, IT & Telecommunication, Manufacturing & Industrial, Automotive, Healthcare, and Others), and by Region (North America, South America, Europe, Asia Pacific, The Middle East and Africa) - Size, Share, COVID Impact Analysis, Growth, Outlook, and Opportunity Analysis, 2020 - 2028

Electronic components known as piezoelectric devices are capable of converting mechanical energy (such as pressure or vibration) into electrical energy or the other way around. This becomes feasible by the unique ability of some substances, like as quartz or ceramic, to produce electricity when they are pushed or pulled. They can be used as transducers to convert electrical impulses into sound waves, actuators to cause objects to move or vibrate, or sensors for identifying changes in pressure or temperature. Due to their high sensitivity and ability to detect minute changes in pressure or other physical qualities, piezoelectric devices are widely used. They are also incredibly dependable and have a long lifespan with little upkeep required.

In 2020, the Piezoelectric Devices market was valued at US$ YY million, and it is anticipated to be around US$ YY million by 2027. Over the forecast period, the market is expected to grow at a CAGR of YY%.

High sensitivity and low power consumptions are the drivers while, High cost is a restraint

Piezoelectric devices are capable of picking up every tiny variation in vibration, pressure, or other physical characteristics due to their high sensitivity. This characteristic allows them to be perfect for a variety of uses, including acoustic transducers, pressure sensors, and accelerometers. Many companies and universities are investing their time in R&D to introduce high sensitivity devices into the market. For instance, In April 2021, University of Michigan researchers created a new kind of ultra-sensitive sensor that utilises piezoelectric materials to detect minute changes in pressure and vibration. Small amounts of mass, such as a single bacteria or virus particle, can be detected by the sensor, known as a piezo-optomechanical resonator.

Moreover, Piezoelectric devices are a popular option for usage in portable or battery-powered gadgets since they require very little power to operate. Additionally, they can be utilised in settings where energy efficiency is crucial, like smart building systems or renewable energy sources. For instance, In March 2021, scientists from Stanford University and the University of California, Los Angeles (UCLA) created a brand-new category of wearable technology that harnesses movement to produce power using piezoelectric materials. A triboelectric-piezoelectric hybrid nanogenerator is a device that transforms mechanical energy from movement of the body into electrical energy, which can be used to power tiny electronic devices. Adding to this, in January 2021, Matrix Industries introduced a ground-breaking smartwatch that is powered by a piezoelectric energy harvesting device that runs on body heat which consumes low power.

However, the widespread usage of piezoelectric devices in different fields may be constrained by the fact that they can be priced higher than alternative kinds of sensors or transducers. Piezoelectric devices are expensive, which is partly due to the expense of the raw materials needed to create them, such as ceramics or quartz. Numerous R&D projects and initiatives are in progress in an effort to reduce the cost of the devices. For instance, A group of researchers from the University of Tokyo created a brand-new technique in May 2021 for creating inexpensive piezoelectric materials through a straightforward, ecologically friendly process.

Consumer Electronics expected to account for significant market share by End-User segment

The global Piezoelectric Devices market is mainly classified based on Material, Product Type, Operations Mode, Elements and End-Users. On the basis of material, the market is segment into piezoelectric crystals, piezoelectric ceramics, piezoelectric composites, and piezoelectric polymers. Based on the product type, the market is classified into actuators & motors, sensors, transducers, generators, ceramics, and others. On the basis of Operations mode, the market is classified into direct piezoelectric effect, and converse piezoelectric effect. By elements, the market is divided into piezoelectric discs, piezoelectric rings, and piezoelectric plates. Based on the end-user, the market is divided into consumer electronics, IT & telecommunication, manufacturing & industrial, automotive, healthcare, and others.
On the basis of end-user, the consumer electronics sector commands the biggest market share in the piezoelectric devices market. This is a result of the growing use of piezoelectric components in a range of consumer electronics goods, including smartphones, tablets, wearable technology, and gaming consoles. In these goods, piezoelectric components are employed for a number of functions, including as haptic feedback, touch sensing, and acoustic applications. Piezoelectric devices are now being used in products made by Xiaomi, Samsung, and Apple, among other prominent companies in the consumer electronics sector. For instance, to offer a touchless user interface, Huawei has utilised piezoelectric actuators in its smartphones, whereas Sony has used piezoelectric motors in its smartphones to deliver haptic feedback. The creation of piezoelectric components for usage in consumer electronics is also being heavily supported by other businesses, like TDK Corporation. The sensors, actuators, and sound components in TDK's portfolio of piezoelectric products are suitable for usage in a range of products, such as wearables, mobile devices, and smart home appliances.

Interesting Facts of Piezoelectric Devices Market

• By material type, piezoelectric ceramics have the biggest market share for piezoelectric devices. This is due to the fact that piezoelectric ceramics are suitable for a variety of applications, notably sensors, actuators, and transducers, owing to their great strength, accuracy, and sensitivities.
• In terms of product type, the sensors sector dominates the piezoelectric devices market due to their high sensibility, dependability, and longevity. Piezoelectric sensors are widely utilised in a range of applications, including automotive, healthcare, aerospace, and industrial monitoring.
• Piezoelectric components are widely employed in the automotive industry for a number of components such fuel injectors, airbag sensors, and engine control systems.
• Piezoelectric technology is becoming more and more prevalent in the field of renewable energy, especially in wind turbines where it is used to assess wind speed and modify the positioning of the turbine blades.
• Nanotechnology developments over the past decade have produced piezoelectric materials that are less thick, more flexible, and more effective than conventional piezoelectric materials, bringing up new opportunities for using them in a variety of applications.

Asia Pacific will account for the largest share of the Piezoelectric Devices industry

Asia Pacific is anticipated to hold the greatest market share in the piezoelectric devices sector throughout the forecast period due to the region's fast expanding industry and urbanisation, especially in nations like China, India, Japan, and South Korea. The consumer electronics, automotive, and manufacturing sectors in these nations are among the top end-users of piezoelectric devices. Furthermore, it is expected that the demand for piezoelectric devices in the energy industry will be driven by the rising investment in renewable energy sources, particularly in China and India. For instance, in August 2021, India's Ministry of New and Renewable Energy announced plans to build a 50 GW solar energy capacity park in Ladakh. In order to assist India, reach its goal of 175 GW of renewable energy capacity by 2022, the project is anticipated to draw investments totalling about $30 billion. Piezoelectric devices may become more popular in Asia Pacific particularly in India, as a result of the rising investment in renewable energy.

Global Piezoelectric Devices Market key Players:

Some of the major competitors in the global Piezoelectric Devices market include APC International Ltd., Aerotech Inc., CeramTec, CTS Corporation, Mad City Labs Inc, Morgan Advanced Materials, Piezomechanik Dr. Lutz Pickelmann GmbH, Physik Instrumente (PI) GmbH & Co. KG., Piezosystem jena GmbH, Kistler Group, L3HARRIS TECHNOLOGIES INC.
The Piezoelectric Devices is extremely competitive with aggressive market strategies of global and regional companies looking to strengthen market position through new product launches and facility expansions. The following are some recent market developments:

• In April 2021, CeramTec, a German manufacturer of piezoelectric ceramics, launched the establishment of its production facility in the Czech Republic. The company will be enabled to increase production and meet the rising demand for its products in the industrial and automotive sectors with the aid of the newly constructed plant.
• APC International, Ltd., a firm that manufactures piezoelectric ceramics and electronics on a global scale, announced in March 2021 that its Pennsylvania, USA, manufacturing facility would be expanding.
• APC International, Ltd., a US-based producer of piezoelectric components, announced the addition of new piezoelectric ceramics and sensors to their product line-up in December 2020. The goods are made to be used in a variety of industries, such as the automotive, medical, and aerospace sectors.
• Physik Instrumente (PI) GmbH & Co. KG, a German company that makes accurate positioning systems, announced the release of a new piezoelectric actuator in October 2020. This actuator has a high force and displacement. The product is intended for usage in high-tech industries such as semiconductor fabrication.

Frequently asked questions about global Piezoelectric Devices market

Q: What is the current size of the global Piezoelectric Devices market?
Ans: The Piezoelectric Devices market was valued at YY million US$ in 2020 and is projected to reach YY million US$ by 2027, at a CAGR of YY% during the forecast period.

Q: What are the major opportunities in Piezoelectric Devices industry?
Ans: The growing use of piezoelectric technology in healthcare and the increased need for energy-efficient products across multiple industries are two of the industry's biggest opportunities for growth.

Q: What is major growth driving factor for Piezoelectric Devices industry?
Ans: Piezoelectric devices are increasingly being used in consumer electronics and automotive applications, which is a key growth driver for the sector.

Q: Which region is expected to have the largest share of the Piezoelectric Devices market?
Ans: Asia Pacific is expected to have the largest share of the Piezoelectric Devices market

Q: Which Product type segment will dominate the Piezoelectric Devices market?
Ans: On the basis of of product type, the sensors sector dominates the piezoelectric devices market.