Global Piezoelectric Materials Market is valued approximately USD 1.49 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2023-2030. Piezoelectric materials are a class of materials that exhibit a phenomenon called the piezoelectric effect. The piezoelectric effect refers to the ability of certain materials to generate an electric charge in response to applied mechanical stress or, conversely, to deform in response to an applied electric field. The Piezoelectric Materials market is expanding because of factors such as increase in demand for consumer electronics and rising industrial automation. Piezoelectric materials can be used to convert mechanical pressure or strain into an electrical signal. They are widely used in sensors for measuring force, pressure, acceleration, and vibration. Its importance has progressively increased during the forecast period 2023-2030.
According to the Statista, the global revenue in the consumer electronics market is projected to reach up to USD 1.2 trillion by 2028 with growth rate of 12.21% in between 2023 and 2028. Furthermore, consumer electronics retail sales in the United States will reach 485 billion US dollars in 2023, according to predicted retail sales. Another important factor drives the Piezoelectric Materials market is increasing industrial automation. Piezoelectric materials can be utilized to control and dampen vibrations in industrial equipment. Through incorporating piezoelectric elements into the structure of machines, vibrations can be detected and counteracted in real-time, reducing the risk of damage and improving overall operational stability. In addition, as per Statista, in 2020, the global industrial automation industry accounts approximately USD 175 billion and projected to be reach approximately $265 billion USD by 2025. Moreover, growing demand of sensors and rising number of space exploration activities is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, inconsistency of results and heavy stress and high temperature stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Piezoelectric Materials Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the emerged as a manufacturing hub for electronics and consumer goods in the region. Furthermore, North America is expected to grow significantly during the forecast period, owing to factors such as extensive space exploration programs and rising automotive industry in the region.
Major market player included in this report are:
- Solvay
- PI Ceramic GmbH
- Piezo Kinetics Inc
- Arkema S.A
- TDK Electronics AG
- Johnson Matthey plc
- Piezomechanik Dr. Lutz Pickelmann GmbH
- TRS Technologies, Inc
- CeramTec GmbH
- Sparkler Ceramics Pvt. Ltd
Recent Developments in the Market:
- In November 2022, CeramTec GmbH, based in Plochingen, Germany, has announced plans to expand its manufacturing site in Marktredwitz, Bavaria. The project will include a new production hall, and construction is expected to begin in 2023, subject to regulatory permission.
Global Piezoelectric Materials Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Material Type, Application, End-use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Material Type
- Composite
- Ceramic
- Polymeric
By Application
- Actuators
- Sensors
- Motors
- Acoustic Devices
- SONAR
- Others
By End-use
- Information Technology
- Healthcare
- Consumer Goods
- Automotive
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Piezoelectric Materials Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Piezoelectric Materials Market, by Application, 2020-2030 (USD Billion)
- 1.2.3. Piezoelectric Materials Market, by Material Type, 2020-2030 (USD Billion)
- 1.2.4. Piezoelectric Materials Market, by End-use, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Piezoelectric Materials Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Piezoelectric Materials Market Dynamics
- 3.1. Piezoelectric Materials Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increase in demand for consumer electronics
- 3.1.1.2. Rising industrial automation
- 3.1.2. Market Challenges
- 3.1.2.1. Irregular outcomes
- 3.1.2.2. Heavy stress and high temperature
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing demand of sensors
- 3.1.3.2. Rising number of space exploration activities
Chapter 4. Global Piezoelectric Materials Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Piezoelectric Materials Market, by Application
- 5.1. Market Snapshot
- 5.2. Global Piezoelectric Materials Market by Application, Performance - Potential Analysis
- 5.3. Global Piezoelectric Materials Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 5.4. Piezoelectric Materials Market, Sub Segment Analysis
- 5.4.1. Actuators
- 5.4.2. Sensors
- 5.4.3. Motors
- 5.4.4. Acoustic Devices
- 5.4.5. SONAR
- 5.4.6. Others
Chapter 6. Global Piezoelectric Materials Market, by Material Type
- 6.1. Market Snapshot
- 6.2. Global Piezoelectric Materials Market by Material Type, Performance - Potential Analysis
- 6.3. Global Piezoelectric Materials Market Estimates & Forecasts by Material Type 2020-2030 (USD Billion)
- 6.4. Piezoelectric Materials Market, Sub Segment Analysis
- 6.4.1. Composite
- 6.4.2. Ceramic
- 6.4.3. Polymeric
Chapter 7. Global Piezoelectric Materials Market, by End-use
- 7.1. Market Snapshot
- 7.2. Global Piezoelectric Materials Market by End-use, Performance - Potential Analysis
- 7.3. Global Piezoelectric Materials Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
- 7.4. Piezoelectric Materials Market, Sub Segment Analysis
- 7.4.1. Information Technology
- 7.4.2. Healthcare
- 7.4.3. Consumer Goods
- 7.4.4. Automotive
- 7.4.5. Others
Chapter 8. Global Piezoelectric Materials Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Piezoelectric Materials Market, Regional Market Snapshot
- 8.4. North America Piezoelectric Materials Market
- 8.4.1. U.S. Piezoelectric Materials Market
- 8.4.1.1. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Material Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-use breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Piezoelectric Materials Market
- 8.5. Europe Piezoelectric Materials Market Snapshot
- 8.5.1. U.K. Piezoelectric Materials Market
- 8.5.2. Germany Piezoelectric Materials Market
- 8.5.3. France Piezoelectric Materials Market
- 8.5.4. Spain Piezoelectric Materials Market
- 8.5.5. Italy Piezoelectric Materials Market
- 8.5.6. Rest of Europe Piezoelectric Materials Market
- 8.6. Asia-Pacific Piezoelectric Materials Market Snapshot
- 8.6.1. China Piezoelectric Materials Market
- 8.6.2. India Piezoelectric Materials Market
- 8.6.3. Japan Piezoelectric Materials Market
- 8.6.4. Australia Piezoelectric Materials Market
- 8.6.5. South Korea Piezoelectric Materials Market
- 8.6.6. Rest of Asia Pacific Piezoelectric Materials Market
- 8.7. Latin America Piezoelectric Materials Market Snapshot
- 8.7.1. Brazil Piezoelectric Materials Market
- 8.7.2. Mexico Piezoelectric Materials Market
- 8.8. Middle East & Africa Piezoelectric Materials Market
- 8.8.1. Saudi Arabia Piezoelectric Materials Market
- 8.8.2. South Africa Piezoelectric Materials Market
- 8.8.3. Rest of Middle East & Africa Piezoelectric Materials Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Solvay
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. PI Ceramic GmbH
- 9.3.3. Piezo Kinetics Inc
- 9.3.4. Arkema S.A
- 9.3.5. TDK Electronics AG
- 9.3.6. Johnson Matthey plc
- 9.3.7. Piezomechanik Dr. Lutz Pickelmann GmbH
- 9.3.8. TRS Technologies, Inc
- 9.3.9. CeramTec GmbH
- 9.3.10. Sparkler Ceramics Pvt. Ltd
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption