According to a market report by Lucintel, the future of the piezoelectric device market looks promising with opportunities in the aerospace and defense, industrial and manufacturing, automotive, healthcare, information and communication and consumer electronics industries. The global piezoelectric device market is expected to grow with a CAGR of 11% from 2021 to 2026. The major drivers for this market are increasing demand for piezoelectric devices for energy harvesting and aerospace & defense applications, and growing R&D investments.
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In this market, different types of piezoelectric devices, such as sensors, actuators, motors, transducers, and generators are used in a wide range of industries. Actuators will remain the largest segment due to less heat dissipation, less power consumption, fast response, high actuating precision, compact size, high reliability, and low cost.
Within the piezoelectric device market, aerospace and defense will remain the largest end use industry during the forecast period due to increasing adoption of piezoelectric device-based products such as sensors, actuators, and motors for aerospace & defense applications.
Asia Pacific will remain the largest region over the forecast period due to increasing government initiatives, rising foreign investments, growing population, along with the bulk manufacturing facilities of piezoelectric devices.
L3HARRIS TECHNOLOGIES, INC., CeramTec GmbH, CTS CORPORATION, Physik Instrumente (PI) GmbH & Co. KG., and APC International, Ltd. are among the major piezoelectric device manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global piezoelectric device market by product type, material, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Piezoelectric Device Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global piezoelectric device market by product type, material, end use industry, and region as follows:
By Product Type [$M shipment analysis for 2015 – 2026]:
Piezoelectric Sensors
Piezoelectric Actuators
Stack Actuators
Strip Actuators
Piezoelectric Motors
Piezoelectric Transducers
Piezoelectric Generators
Single-layer Piezoelectric Generators
Multilayered Piezoelectric Generators
Others
By Material [$M shipment analysis for 2015 – 2026]:
Piezoelectric Crystals
Piezoelectric Ceramics
Soft Ceramics
Hard Ceramics
Piezoelectric Polymers
Piezoelectric Composites
By End Use Industry [$M shipment analysis for 2015 – 2026]:
Aerospace & Defense
Industrial & Manufacturing
Automotive
Healthcare
Imaging Devices
Diagnostic Equipment
Surgical Tools
Information & Communication
Consumer Electronics
Wearable Devices
Electronic Devices
Others
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.