USD 29.23 billion
Piezoelectric Materials Market Size, Share, Growth Analysis, By Product (Actuator, Motor), By Material (Polymer, Composites), By Element (Discs, Rings), By Modes of Operation, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2119 |
Region:
Global |
Published Date: November, 2024
Pages:
242
|Tables:
9
|Figures:
73
Piezoelectric Materials Market Insights
Piezoelectric Materials Market size was valued at USD 30.9 Billion in 2023 and is poised to grow from USD 32.66 Billion in 2024 to USD 50.88 Billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
Piezoelectricity is a property unveiled by some materials which triggers an electric field by giving force to it. Piezoelectric materials can change shapes and possess high degree of stiffness during exposure to mechanical stress. These are commonly used in the formulation of a variety of electronic goods including sensors, actuators, transducers, SONAR, motors, and generators, which in turn will propel the global piezoelectric materials market growth over the forecast period. The materials possess a low thermal expansion which is good for electronics applications and can be used as an insulator because this prevents damage because of changes in temperature being carried out in tough conditions.
The developed countries like the United States and Germany are growing since there is an increasing demand for photovoltaic and it is expected to increase the usage of the product.
But due to the growing demand for substitutes such as dielectric and inherently conductive polymers in manufacturing actuators due to product innovation by Parker and Solvay is expected to hinder the industry growth.
US Piezoelectric Materials Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
ceramics
Fastest Growth
ceramics
Growth Rate
5.7% CAGR
Global Piezoelectric Materials Market ($ Bn)
Country Share for North America Region (%)
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Piezoelectric Materials Market Segmental Analysis
Global Piezoelectric Materials Market is segmented by Product, Material, Element, Modes of Operation, Application and region. Based on Product, the market is segmented into Piezoelectric Sensors, Piezoelectric Actuators (Stack Actuators, Strip Actuators, Shear Actuators, Tube Actuators), Piezoelectric Motors, Piezoelectric Generators, Piezoelectric Transducers, Others. Based on Material, the market is segmented into Piezoelectric Crystals, Piezoelectric Ceramics, Piezoelectric Polymers, Piezoelectric Composites. Based on Element, the market is segmented into Piezoelectric Discs, Piezoelectric Rings, Piezoelectric Plates, Based on Modes of Operation, the market is segmented into Direct Piezoelectric Effect, Converse Piezoelectric Effect. Based on application, the market is segmented into Aerospace and Defence, Industrial and Manufacturing, Automotive, Healthcare (Imaging Devices, Diagnostic Equipment, Surgical Tools), Information and Communication, Consumer Electronics, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Piezoelectric Materials Market Analysis by Product
Based on product, piezoelectric materials market is segmented into ceramics, polymers, composites and others. Ceramics are again segmented into lead zirconate titanate and lead-free ceramics. Due to the wide consumption of lead zirconate titanate for producing actuators and transducers as it’s performance can be easily changed on the applications of doping materials, ceramics segment can hold the major market share during the given forecast period.
Increasing composite applications as a filler because of its excellent electro-acoustic efficiency and broad range of bandwidth is expected to have a positive impact on the market. Composites market is growing rapidly due to it’s applications in underwater acoustics, ultrasonic equipment, and non-destructive testing.
Piezoelectric Materials Market Analysis by Application
Based on application, the market is segmented into actuators, sensors, motors, acoustic devices, generators, and others. Increasing popularity for electric actuators as a tool of high-power efficiency, and excellent rotational speed is expected to increase the industry size over the forecast period.
Sensors segment is projected to grow at a good CAGR due to its applications in sectors like consumer electronics, automatic vehicles, and manufacturing lines. It can detect any changes in energy and also convert the difference into electrical signals that are used to make any system changes.
Rising demand for piezo generators because of their ability to generate low-frequency sound waves is also likely to grow the market size over the forecast period.
Global Piezoelectric Materials Market By product
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Piezoelectric Materials Market Regional Insights
Asia Pacific (APAC) region is expected to register good profitability due to the establishment of electronic manufacturing units in South Korea, China, Japan, and Taiwan. The increasing production capacities of key companies may expand the piezoelectric materials market in the region. The governments are giving tax rebates, and incentives to the manufacturers of electronics establishing new plants in the region after the sluggish rate from the pandemic. The automotive sector will grow more in China and India after the latest investments by Ford and Volkswagen on a domestic level and is further expected to increase the demand for electronic accessories like motors. All of these are anticipated to increase the usage of piezoelectric materials in the formulation of actuators, sensors, and other electronic accessories.
In North America, U.S. are focussing on extensive space elaboration programs in which piezoelectric materials will be utilized in sensing objects in space and remote reach of the spacecraft components.
In Europe, an increase of military expenditure by the governments of Germany, UK and Russia are further expected to promote the use of piezoelectric materials over the next ten years.
Global Piezoelectric Materials Market By Region
- Largest
- Fastest
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Piezoelectric Materials Market Dynamics
Piezoelectric Materials Market Drivers
Its Demand from Numerous End User Industries to Bolster Market Growth
- Increasing demand for devices such as transducers, sensors, actuators, and motors due to the automation in end-use industries including automotive and electronic manufacturing for running the production line smoothly. Because the devices use piezoelectric materials properties for measuring various quantities- pressure, acceleration, strain, and acoustic intensity, which will drive the growth of piezoelectric materials.
- Governments are showing interest in investments for building missile guidance systems, drones, and radars for enhancing their armed forces capabilities. The growth of space exploration activities increased the usage of sensors, acoustic devices, and SONARS for researching on space objects and their environments; and the devices require special piezoelectric materials for examining the minor change in their range, sustain in tough conditions, and provide accurate & harmonious outcomes. As a result, it is driving the growth of the market.
Piezoelectric Materials Market Restraints
Limitations in its Properties to Hinder its Market Growth
- Materials such as lead zirconate titanate, and natural crystals cannot differentiate between actual signals and noise present in the system, and thus, inaccurate outcome may come which is negatively affecting the performance of the device where the piezoelectric materials are deployed.
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Piezoelectric Materials Market Competitive Landscape
Global piezoelectric materials market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Piezoelectric Materials Market Top Player's Company Profiles
- CTS Corporation (U.S.)
- CeramTec GmbH (Germany)
- Physik Instrumente (PI) GmbH & Co. KG (Germany)
- Kistler Group (Switzerland)
- TDK Corporation (Japan)
- Murata Manufacturing Co., Ltd. (Japan)
- Piezo Systems Inc. (U.S.)
- Meggitt PLC (UK)
- Aerotech Inc. (U.S.)
- Piezosystem Jena GmbH (Germany)
- APC International, Ltd. (U.S.)
- Kyocera Corporation (Japan)
- Parker Hannifin Corporation (U.S.)
- Advanced Cerametrics Inc. (U.S.)
- Sparkler Ceramics Pvt. Ltd. (India)
- NGK Insulators Ltd. (Japan)
- Piezo Kinetics Inc. (U.S.)
- Sensor Technology Ltd. (UK)
- Morgan Advanced Materials (UK)
- Sony Corporation (Japan)
Piezoelectric Materials Market Recent Developments
- In September 2022, scientists have created a promising substitute called- gadolinium-doped cerium oxide compound to certain piezoelectric materials. It is lead free and could be employed in bio-compatible medical applications.
Piezoelectric Materials Key Market Trends
- The usage of piezoelectric materials is constrained because there is lead in the compound which subjects PZT to the regulations- Restrictions of Hazardous Substances (RoHS) Directive 2002/95/EC by EU. Polymers having piezoelectric properties such as polyvinylidene fluoride (PVDF) and polysulfone are under examination for providing compliant piezoelectric materials. The leads are injurious to human health, so, the research on the alternative of lead-based ceramics is observed to gain speed in the upcoming years and turn on the market growth.
Piezoelectric Materials Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global piezoelectric materials market analysis, the increasing production capacities of key companies in Asia Pacific region may strengthen the piezoelectric materials market in the region due to the rise of population and increasing preference for low-cost and high durability of piezoelectric materials which are used in several applications such as ultrasonic transducers, automotive sensors, actuators, and medical equipment.
The growth of space exploration activities increased the usage of sensors, acoustic devices, and SONARS for researching space objects, which in turn necessitates the need for piezoelectric materials in the market, and thus, propel the market growth during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 29.23 billion |
| Market size value in 2031 | USD 48.14 billion |
| Growth Rate | 5.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Piezoelectric Materials Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Piezoelectric Materials Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Piezoelectric Materials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Piezoelectric Materials Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Piezoelectric Materials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Piezoelectric Materials Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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