Global Piezoelectric Devices Market Size Study & Forecast, by Type, By Application, By Industry, and Regional Analysis, 2023-2030

Description

List of Tables

Global Piezoelectric Devices Market is valued approximately at USD 29.10 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2023-2030. Piezoelectric devices are specialized components that convert mechanical energy into electrical energy and vice versa. They leverage the piezoelectric effect, where certain materials generate an electric charge in response to mechanical stress or deformation. Conversely, applying an electric field to these materials induces mechanical deformation. Commonly used materials exhibiting piezoelectric properties include quartz, ceramics, and certain crystals. Piezoelectric devices find applications in various fields, such as sensors, actuators, and transducers. They are employed in diverse technologies, ranging from medical ultrasound devices and sensors in industrial applications to precise positioning systems and energy harvesting devices. The ability to efficiently convert between mechanical and electrical energy makes piezoelectric devices valuable in numerous technological advancements and applications. The rising trend of high machine efficiency and employee safety, soaring demand for piezoelectric devices from automobile manufacturers, and rise in adoption of piezoelectric products in aerospace industry are the key factors that are primarily contributing to the market growth across the globe.

In addition, the growing investments in renewable energy projects is a major factor that is stipulating the demand of piezoelectric devices in the global market. For instance, in June 2021, the Board of Executive Directors of the World Bank approved a financing package totaling USD 212 million, which includes a USD 177 million loan from the International Bank for Reconstruction and Development (IBRD), for a new initiative in Ukraine. This project aims to strengthen the Ukrainian power system, enabling synchronization with the European electricity grid and facilitating the decarbonization of the country's power sector. Piezoelectric energy harvesting technologies can be integrated into smart grid systems to supplement traditional energy sources and enhance grid stability and reliability. By capturing energy from mechanical vibrations in infrastructure, such as bridges, roads, and buildings, piezoelectric devices can contribute to the decentralization and diversification of energy sources within the grid. Thus, these aforementioned factors are propelling the growth of Piezoelectric Devices Market during the estimated period. Moreover, the rising integration of piezoelectric technology in portable devices, as well as growing demand for piezoelectric materials in energy conservation & industrial sector present various lucrative opportunities over the forecast years. However, the development of alternative materials and lack of skilled labor are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Piezoelectric Devices Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the substantial investments in research and development by leading manufacturers of piezoelectric devices, growing emphasis on energy efficiency, coupled with the ongoing advancements in piezoelectric materials, manufacturing techniques, and sensor technologies. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rising demand for piezoelectric sensors and actuators across diverse applications, rise in advancements in materials science and microfabrication techniques, as well as emergence of Industrial IoT (IIoT) and smart manufacturing are significantly propelling the market demand across the region.

Major market players included in this report are:

Piezo System Jena (Germany)
Murata (Japan)
Morgan Advanced Materials (U.K.)
Mad City Labs, Inc. (U.S.)
Poliak A/S (Denmark)
CTS Corporation (U.S.)
Piezomechanik Dr. Lutz Pickelmann GmbH (Germany)
Physik Instrumente (Germany)
CeramTec (Germany)
APC International, Ltd. (U.S.)

Recent Developments in the Market:

In February 2022, CTS Corporation- a global semiconductor manufacturer announced that the company has completed the acquisition of TEWA Temperature Sensors SP and its affiliated entities for a total sum of USD 24.5 million. Renowned for its superior ceramic technology, TEWA is widely recognized for developing high-quality temperature sensors renowned for their exceptional stability and reliability. This technological edge has been instrumental in driving TEWA's substantial growth within the industry.
In September 2020, STMicroelectronics, a leading semiconductor industry player known for its expertise in Micro-Electromechanical Systems (MEMS) technology, partnered with A-STAR's IME and ULVAC to set up an 8-inch research and development line focusing on Piezo MEMS technology. This facility is likely to be located within ST's Singapore manufacturing plant, which aims to drive innovation in MEMS technology.

Global Piezoelectric Devices 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 - Type, Application, Industry, 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 Type:

Disc
Plate
Ring

By Application:

Sensors
Transducers
Motors
Actuators
Others

By Industry:

Automotive
Healthcare
Aerospace & Defense
Consumer Electronics
Manufacturing
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

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Piezoelectric Devices Market, by region, 2020-2030 (USD Billion)
- 1.2.2.Piezoelectric Devices Market, by Type, 2020-2030 (USD Billion)
- 1.2.3.Piezoelectric Devices Market, by Application, 2020-2030 (USD Billion)
- 1.2.4.Piezoelectric Devices Market, by Industry, 2020-2030 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Piezoelectric Devices 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 Devices Market Dynamics

3.1.Piezoelectric Devices Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Increasing investment in renewable energy projects
  - 3.1.1.2.Rising demand for piezoelectric devices from automobile manufacturers
- 3.1.2.Market Challenges
  - 3.1.2.1.Development of alternative materials
  - 3.1.2.2.Lack of skilled labour
- 3.1.3.Market Opportunities
  - 3.1.3.1.Rising integration of piezoelectric technology in portable devices
  - 3.1.3.2.Growing demand for piezoelectric materials in energy conservation & industrial sector

Chapter 4.Global Piezoelectric Devices 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.Economic
- 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 Devices Market, by Type

5.1.Market Snapshot
5.2.Global Piezoelectric Devices Market by Type, Performance - Potential Analysis
5.3.Global Piezoelectric Devices Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4.Piezoelectric Devices Market, Sub Segment Analysis
- 5.4.1.Disc
- 5.4.2.Plate
- 5.4.3.Ring

Chapter 6.Global Piezoelectric Devices Market, by Application

6.1.Market Snapshot
6.2.Global Piezoelectric Devices Market by Application, Performance - Potential Analysis
6.3.Global Piezoelectric Devices Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4.Piezoelectric Devices Market, Sub Segment Analysis
- 6.4.1.Sensors
- 6.4.2.Transducers
- 6.4.3.Motors
- 6.4.4.Actuators
- 6.4.5.Others

Chapter 7.Global Piezoelectric Devices Market, by Industry

7.1.Market Snapshot
7.2.Global Piezoelectric Devices Market by Industry, Performance - Potential Analysis
7.3.Global Piezoelectric Devices Market Estimates & Forecasts by Industry 2020-2030 (USD Billion)
7.4.Piezoelectric Devices Market, Sub Segment Analysis
- 7.4.1.Automotive
- 7.4.2.Healthcare
- 7.4.3.Aerospace & Defense
- 7.4.4.Consumer Electronics
- 7.4.5.Manufacturing
- 7.4.6.Others

Chapter 8.Global Piezoelectric Devices Market, Regional Analysis

8.1.Top Leading Countries
8.2.Top Emerging Countries
8.3.Piezoelectric Devices Market, Regional Market Snapshot
8.4.North America Piezoelectric Devices Market
- 8.4.1.U.S. Piezoelectric Devices Market
  - 8.4.1.1.Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2.Application breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3.Industry breakdown estimates & forecasts, 2020-2030
- 8.4.2.Canada Piezoelectric Devices Market
8.5.Europe Piezoelectric Devices Market Snapshot
- 8.5.1.U.K. Piezoelectric Devices Market
- 8.5.2.Germany Piezoelectric Devices Market
- 8.5.3.France Piezoelectric Devices Market
- 8.5.4.Spain Piezoelectric Devices Market
- 8.5.5.Italy Piezoelectric Devices Market
- 8.5.6.Rest of Europe Piezoelectric Devices Market
8.6.Asia-Pacific Piezoelectric Devices Market Snapshot
- 8.6.1.China Piezoelectric Devices Market
- 8.6.2.India Piezoelectric Devices Market
- 8.6.3.Japan Piezoelectric Devices Market
- 8.6.4.Australia Piezoelectric Devices Market
- 8.6.5.South Korea Piezoelectric Devices Market
- 8.6.6.Rest of Asia Pacific Piezoelectric Devices Market
8.7.Latin America Piezoelectric Devices Market Snapshot
- 8.7.1.Brazil Piezoelectric Devices Market
- 8.7.2.Mexico Piezoelectric Devices Market
8.8.Middle East & Africa Piezoelectric Devices Market
- 8.8.1.Saudi Arabia Piezoelectric Devices Market
- 8.8.2.South Africa Piezoelectric Devices Market
- 8.8.3.Rest of Middle East & Africa Piezoelectric Devices 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.Piezo System Jena (Germany)
  - 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.Murata (Japan)
- 9.3.3.Morgan Advanced Materials (U.K.)
- 9.3.4.Mad City Labs, Inc. (U.S.)
- 9.3.5.Poliak A/S (Denmark)
- 9.3.6.CTS Corporation (U.S.)
- 9.3.7.Piezomechanik Dr. Lutz Pickelmann GmbH (Germany)
- 9.3.8.Physik Instrumente (Germany)
- 9.3.9.CeramTec (Germany)
- 9.3.10.APC International, Ltd. (U.S.)

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

LIST OF TABLES

TABLE 1.Global Piezoelectric Devices Market, report scope
TABLE 2.Global Piezoelectric Devices Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3.Global Piezoelectric Devices Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4.Global Piezoelectric Devices Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5.Global Piezoelectric Devices Market estimates & forecasts by Industry 2020-2030 (USD Billion)
TABLE 6.Global Piezoelectric Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7.Global Piezoelectric Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8.Global Piezoelectric Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9.Global Piezoelectric Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10.Global Piezoelectric Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11.Global Piezoelectric Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12.Global Piezoelectric Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13.Global Piezoelectric Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14.Global Piezoelectric Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15.Global Piezoelectric Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16.U.S. Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17.U.S. Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18.U.S. Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19.Canada Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20.Canada Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21.Canada Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22.UK Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23.UK Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24.UK Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25.Germany Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26.Germany Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27.Germany Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28.France Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29.France Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30.France Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31.Italy Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32.Italy Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33.Italy Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34.Spain Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35.Spain Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36.Spain Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37.RoE Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38.RoE Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39.RoE Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40.China Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41.China Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42.China Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43.India Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44.India Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45.India Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46.Japan Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47.Japan Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48.Japan Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49.South Korea Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50.South Korea Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51.South Korea Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52.Australia Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53.Australia Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54.Australia Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55.RoAPAC Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56.RoAPAC Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57.RoAPAC Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58.Brazil Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59.Brazil Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60.Brazil Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61.Mexico Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62.Mexico Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63.Mexico Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64.RoLA Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65.RoLA Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66.RoLA Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67.Saudi Arabia Piezoelectric Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68.South Africa Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69.RoMEA Piezoelectric Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70.List of secondary sources, used in the study of global Piezoelectric Devices Market
TABLE 71.List of primary sources, used in the study of global Piezoelectric Devices Market
TABLE 72.Years considered for the study
TABLE 73.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Piezoelectric Devices Market, research methodology
FIG 2.Global Piezoelectric Devices Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Piezoelectric Devices Market, key trends 2022
FIG 5.Global Piezoelectric Devices Market, growth prospects 2023-2030
FIG 6.Global Piezoelectric Devices Market, porters 5 force model
FIG 7.Global Piezoelectric Devices Market, pest analysis
FIG 8.Global Piezoelectric Devices Market, value chain analysis
FIG 9.Global Piezoelectric Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 10.Global Piezoelectric Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 11.Global Piezoelectric Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 12.Global Piezoelectric Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 13.Global Piezoelectric Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 14.Global Piezoelectric Devices Market, regional snapshot 2020 & 2030
FIG 15.North America Piezoelectric Devices Market 2020 & 2030 (USD Billion)
FIG 16.Europe Piezoelectric Devices Market 2020 & 2030 (USD Billion)
FIG 17.Asia pacific Piezoelectric Devices Market 2020 & 2030 (USD Billion)
FIG 18.Latin America Piezoelectric Devices Market 2020 & 2030 (USD Billion)
FIG 19.Middle East & Africa Piezoelectric Devices Market 2020 & 2030 (USD Billion)