Report ID: SQMIG15A2119
Piezoelectric Materials Market Size, Share, Growth Analysis, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2119 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
9 |
Figures:
73
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.
Piezoelectric Materials Market Report Snapshots
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