PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530870
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530870
Piezoelectric Materials Market Forecasts to 2030 - Global Analysis By Material, Application, End User and By Geography
According to Stratistics MRC, the Global Piezoelectric Materials Market is accounted for $1.55 billion in 2024 and is expected to reach $2.31 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Piezoelectric materials are a class of materials that exhibit a unique property: they generate an electric charge in response to applied mechanical stress or vice versa. This phenomenon, known as the piezoelectric effect, arises due to the internal polarization within the material's crystal structure. When mechanical pressure is applied to a piezoelectric material, it causes a displacement of positive and negative charges within the material, resulting in an electric potential across its surfaces.
According to a report published by India Brand Equity Foundation in January 2021, the aerospace sector in India is growing day by day and is projected to reach US$ 70 billion by 2030.
Market Dynamics:
Driver:
Rapid industrialization and urbanization in emerging economies
Rapid industrialization and urbanization in emerging economies are fostering significant advancements in piezoelectric materials. These materials, which generate an electric charge in response to mechanical stress, are increasingly utilized in various technologies due to their unique properties. In industrial settings, piezoelectric materials are integral to sensors that monitor structural integrity, machinery performance, and environmental conditions. Their ability to convert mechanical energy into electrical signals makes them invaluable for energy harvesting applications in urban environments, where vibrations from traffic or footfall can be converted into usable electricity.
Restraint:
Limited frequency and voltage range
Piezoelectric materials, while versatile in converting mechanical energy into electrical signals and vice versa, face limitations in their operating frequency and voltage ranges. These materials generate electric charges in response to mechanical stress or vibrations due to their crystalline structure, which aligns dipoles when deformed. However, their application is restricted by frequency constraints-beyond certain limits, the material cannot respond quickly or efficiently enough to mechanical oscillations. Voltage limitations arise because excessive electric fields can depolarize the material, reducing its piezoelectric performance or even damaging it permanently.
Opportunity:
Investment in infrastructure development
Investment in infrastructure development focused on piezoelectric materials denotes a strategic allocation of resources towards enhancing the capabilities and applications of these materials within various sectors. By investing in infrastructure development for piezoelectric materials, governments and private entities aim to foster innovation and expand the practical applications of these materials. This includes improving their efficiency, durability, and scalability to meet growing demands across industries like healthcare, automotive, aerospace, and renewable energy. Furthermore, such investments often drive research and development initiatives, leading to breakthroughs in material science, manufacturing processes and product integration.
Threat:
Complex manufacturing processes
The advancement of Piezoelectric Materials faces significant challenges due to complex manufacturing processes. These materials, crucial for converting mechanical energy into electrical energy and vice versa, require intricate fabrication techniques to achieve desired properties like enhanced sensitivity and durability. The complexity arises from the need to precisely control the crystal structure, composition, and microstructure during manufacturing. This involves high-temperature processes, precise deposition techniques, and stringent quality control measures, adding layers of difficulty and cost to production.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the field of piezoelectric materials. The global disruptions in manufacturing and supply chains initially posed difficulties for researchers and manufacturers reliant on consistent access to materials and equipment. Many manufacturing facilities faced temporary closures or reduced operational capacities, leading to delays in fulfilling orders and meeting demand. Research and development efforts in the field were also affected, with laboratories and universities facing challenges such as reduced access to facilities and resources. The pandemic spurred innovation in piezoelectric materials, particularly in applications related to healthcare and diagnostics.
The Polymers segment is expected to be the largest during the forecast period
Polymers segment is expected to be the largest during the forecast period. Polymers, known for their flexibility, lightweight nature, and ease of processing, offer significant advantages in piezoelectric applications. By blending polymers with piezoelectric ceramics or designing polymers with crystalline structures conducive to piezoelectricity, researchers achieve materials that can convert mechanical energy into electrical signals and vice versa efficiently. This synergy has expanded the scope of piezoelectric materials beyond traditional ceramics, enabling applications in flexible electronics, biomedical devices and energy harvesting systems.
The Resonators segment is expected to have the highest CAGR during the forecast period
Resonators segment is expected to have the highest CAGR during the forecast period due to their ability to convert mechanical vibrations into electrical energy and vice versa. These materials, like quartz or certain ceramics, possess intrinsic piezoelectric properties, meaning they generate electric charges when subjected to mechanical stress or deformations. Resonators are designed to resonate at specific frequencies, effectively amplifying the piezoelectric effect within these materials. In practical applications, such as in electronic devices and sensors, resonators are finely tuned to resonate at frequencies corresponding to the desired signal or function.
Region with largest share:
Asia Pacific region dominated the largest share of the market over the projected period. Piezoelectric materials are crucial in various applications such as actuators, sensors, and transducers within electronic devices across the region. The expanding consumer electronics industry in countries like China, Japan, South Korea and India is a key factor contributing to this growth. These materials are valued for their ability to convert mechanical energy into electrical energy and vice versa, making them indispensable in modern electronics where miniaturization and efficiency are paramount throughout the region. The rise of smartphones, wearable devices, and automotive electronics further fuels demand for piezoelectric components, driving innovation and investment in research and development across the region.
Region with highest CAGR:
Europe region is estimated to witness lucrative growth over the extrapolated period. Government regulations are primarily focused on sustainability, energy efficiency, and technological innovation, driving research and development in piezoelectric materials towards more environmentally friendly solutions in the region. By imposing standards that encourage the use of materials with lower environmental impact and higher energy efficiency, governments incentivize businesses and researchers to explore and adopt piezoelectric materials in various applications across the region.
Key players in the market
Some of the key players in Piezoelectric Materials market include Arkema Group, Audiowell Electronics Co., Ltd, CTS Corporation, L3Harris Technologies, Inc, Mad City Labs, Inc, Murata Manufacturing Co., Ltd, Peizosystem Jena GmbH, Sparkler Ceramics Pvt. Ltd, TDK Corporation and TRS Technologies, Inc.
Key Developments:
In May 2024, Arkema has agreed to acquire Dow's flexible packaging laminating adhesives business, one of the leading producers of adhesives for the flexible packaging market, generating annual sales of around US$250 million. The proposed acquisition will significantly expand Arkema's portfolio of solutions for flexible packaging, enabling the Group to become a key player in this attractive market.
In February 2022, CTS Corporation has completed the acquisition of TEWA Temperature Sensors SP. Zo.o. and its subsidiaries for an enterprise value of $24.5 million. TEWA is a reputable designer and manufacturer of high-quality temperature sensors. The company has a reputation for highly stable and reliable ceramic technology that has accelerated its growth.
Materials Covered:
- Composites
- Polymers
- Ceramics
- Other Materials
Applications Covered:
- Motors
- Generators
- Actuators
- Resonators
- Other Applications
End Users Covered:
- Healthcare
- Automotive
- Consumer Goods
- Aerospace & Defense
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Piezoelectric Materials Market, By Material
- 5.1 Introduction
- 5.2 Composites
- 5.3 Polymers
- 5.4 Ceramics
- 5.5 Other Materials
6 Global Piezoelectric Materials Market, By Application
- 6.1 Introduction
- 6.2 Motors
- 6.3 Generators
- 6.4 Actuators
- 6.5 Resonators
- 6.6 Other Applications
7 Global Piezoelectric Materials Market, By End User
- 7.1 Introduction
- 7.2 Healthcare
- 7.3 Automotive
- 7.4 Consumer Goods
- 7.5 Aerospace & Defense
- 7.6 Other End Users
8 Global Piezoelectric Materials Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Arkema Group
- 10.2 Audiowell Electronics Co., Ltd
- 10.3 CTS Corporation
- 10.4 L3Harris Technologies, Inc
- 10.5 Mad City Labs, Inc
- 10.6 Murata Manufacturing Co., Ltd
- 10.7 Peizosystem Jena GmbH
- 10.8 Sparkler Ceramics Pvt. Ltd
- 10.9 TDK Corporation
- 10.10 TRS Technologies, Inc
List of Tables
- Table 1 Global Piezoelectric Materials Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Piezoelectric Materials Market Outlook, By Material (2022-2030) ($MN)
- Table 3 Global Piezoelectric Materials Market Outlook, By Composites (2022-2030) ($MN)
- Table 4 Global Piezoelectric Materials Market Outlook, By Polymers (2022-2030) ($MN)
- Table 5 Global Piezoelectric Materials Market Outlook, By Ceramics (2022-2030) ($MN)
- Table 6 Global Piezoelectric Materials Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 7 Global Piezoelectric Materials Market Outlook, By Application (2022-2030) ($MN)
- Table 8 Global Piezoelectric Materials Market Outlook, By Motors (2022-2030) ($MN)
- Table 9 Global Piezoelectric Materials Market Outlook, By Generators (2022-2030) ($MN)
- Table 10 Global Piezoelectric Materials Market Outlook, By Actuators (2022-2030) ($MN)
- Table 11 Global Piezoelectric Materials Market Outlook, By Resonators (2022-2030) ($MN)
- Table 12 Global Piezoelectric Materials Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 13 Global Piezoelectric Materials Market Outlook, By End User (2022-2030) ($MN)
- Table 14 Global Piezoelectric Materials Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 15 Global Piezoelectric Materials Market Outlook, By Automotive (2022-2030) ($MN)
- Table 16 Global Piezoelectric Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 17 Global Piezoelectric Materials Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
- Table 18 Global Piezoelectric Materials Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 19 North America Piezoelectric Materials Market Outlook, By Country (2022-2030) ($MN)
- Table 20 North America Piezoelectric Materials Market Outlook, By Material (2022-2030) ($MN)
- Table 21 North America Piezoelectric Materials Market Outlook, By Composites (2022-2030) ($MN)
- Table 22 North America Piezoelectric Materials Market Outlook, By Polymers (2022-2030) ($MN)
- Table 23 North America Piezoelectric Materials Market Outlook, By Ceramics (2022-2030) ($MN)
- Table 24 North America Piezoelectric Materials Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 25 North America Piezoelectric Materials Market Outlook, By Application (2022-2030) ($MN)
- Table 26 North America Piezoelectric Materials Market Outlook, By Motors (2022-2030) ($MN)
- Table 27 North America Piezoelectric Materials Market Outlook, By Generators (2022-2030) ($MN)
- Table 28 North America Piezoelectric Materials Market Outlook, By Actuators (2022-2030) ($MN)
- Table 29 North America Piezoelectric Materials Market Outlook, By Resonators (2022-2030) ($MN)
- Table 30 North America Piezoelectric Materials Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 31 North America Piezoelectric Materials Market Outlook, By End User (2022-2030) ($MN)
- Table 32 North America Piezoelectric Materials Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 33 North America Piezoelectric Materials Market Outlook, By Automotive (2022-2030) ($MN)
- Table 34 North America Piezoelectric Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 35 North America Piezoelectric Materials Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
- Table 36 North America Piezoelectric Materials Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 37 Europe Piezoelectric Materials Market Outlook, By Country (2022-2030) ($MN)
- Table 38 Europe Piezoelectric Materials Market Outlook, By Material (2022-2030) ($MN)
- Table 39 Europe Piezoelectric Materials Market Outlook, By Composites (2022-2030) ($MN)
- Table 40 Europe Piezoelectric Materials Market Outlook, By Polymers (2022-2030) ($MN)
- Table 41 Europe Piezoelectric Materials Market Outlook, By Ceramics (2022-2030) ($MN)
- Table 42 Europe Piezoelectric Materials Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 43 Europe Piezoelectric Materials Market Outlook, By Application (2022-2030) ($MN)
- Table 44 Europe Piezoelectric Materials Market Outlook, By Motors (2022-2030) ($MN)
- Table 45 Europe Piezoelectric Materials Market Outlook, By Generators (2022-2030) ($MN)
- Table 46 Europe Piezoelectric Materials Market Outlook, By Actuators (2022-2030) ($MN)
- Table 47 Europe Piezoelectric Materials Market Outlook, By Resonators (2022-2030) ($MN)
- Table 48 Europe Piezoelectric Materials Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 49 Europe Piezoelectric Materials Market Outlook, By End User (2022-2030) ($MN)
- Table 50 Europe Piezoelectric Materials Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 51 Europe Piezoelectric Materials Market Outlook, By Automotive (2022-2030) ($MN)
- Table 52 Europe Piezoelectric Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 53 Europe Piezoelectric Materials Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
- Table 54 Europe Piezoelectric Materials Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 55 Asia Pacific Piezoelectric Materials Market Outlook, By Country (2022-2030) ($MN)
- Table 56 Asia Pacific Piezoelectric Materials Market Outlook, By Material (2022-2030) ($MN)
- Table 57 Asia Pacific Piezoelectric Materials Market Outlook, By Composites (2022-2030) ($MN)
- Table 58 Asia Pacific Piezoelectric Materials Market Outlook, By Polymers (2022-2030) ($MN)
- Table 59 Asia Pacific Piezoelectric Materials Market Outlook, By Ceramics (2022-2030) ($MN)
- Table 60 Asia Pacific Piezoelectric Materials Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 61 Asia Pacific Piezoelectric Materials Market Outlook, By Application (2022-2030) ($MN)
- Table 62 Asia Pacific Piezoelectric Materials Market Outlook, By Motors (2022-2030) ($MN)
- Table 63 Asia Pacific Piezoelectric Materials Market Outlook, By Generators (2022-2030) ($MN)
- Table 64 Asia Pacific Piezoelectric Materials Market Outlook, By Actuators (2022-2030) ($MN)
- Table 65 Asia Pacific Piezoelectric Materials Market Outlook, By Resonators (2022-2030) ($MN)
- Table 66 Asia Pacific Piezoelectric Materials Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 67 Asia Pacific Piezoelectric Materials Market Outlook, By End User (2022-2030) ($MN)
- Table 68 Asia Pacific Piezoelectric Materials Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 69 Asia Pacific Piezoelectric Materials Market Outlook, By Automotive (2022-2030) ($MN)
- Table 70 Asia Pacific Piezoelectric Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 71 Asia Pacific Piezoelectric Materials Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
- Table 72 Asia Pacific Piezoelectric Materials Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 73 South America Piezoelectric Materials Market Outlook, By Country (2022-2030) ($MN)
- Table 74 South America Piezoelectric Materials Market Outlook, By Material (2022-2030) ($MN)
- Table 75 South America Piezoelectric Materials Market Outlook, By Composites (2022-2030) ($MN)
- Table 76 South America Piezoelectric Materials Market Outlook, By Polymers (2022-2030) ($MN)
- Table 77 South America Piezoelectric Materials Market Outlook, By Ceramics (2022-2030) ($MN)
- Table 78 South America Piezoelectric Materials Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 79 South America Piezoelectric Materials Market Outlook, By Application (2022-2030) ($MN)
- Table 80 South America Piezoelectric Materials Market Outlook, By Motors (2022-2030) ($MN)
- Table 81 South America Piezoelectric Materials Market Outlook, By Generators (2022-2030) ($MN)
- Table 82 South America Piezoelectric Materials Market Outlook, By Actuators (2022-2030) ($MN)
- Table 83 South America Piezoelectric Materials Market Outlook, By Resonators (2022-2030) ($MN)
- Table 84 South America Piezoelectric Materials Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 85 South America Piezoelectric Materials Market Outlook, By End User (2022-2030) ($MN)
- Table 86 South America Piezoelectric Materials Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 87 South America Piezoelectric Materials Market Outlook, By Automotive (2022-2030) ($MN)
- Table 88 South America Piezoelectric Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 89 South America Piezoelectric Materials Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
- Table 90 South America Piezoelectric Materials Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 91 Middle East & Africa Piezoelectric Materials Market Outlook, By Country (2022-2030) ($MN)
- Table 92 Middle East & Africa Piezoelectric Materials Market Outlook, By Material (2022-2030) ($MN)
- Table 93 Middle East & Africa Piezoelectric Materials Market Outlook, By Composites (2022-2030) ($MN)
- Table 94 Middle East & Africa Piezoelectric Materials Market Outlook, By Polymers (2022-2030) ($MN)
- Table 95 Middle East & Africa Piezoelectric Materials Market Outlook, By Ceramics (2022-2030) ($MN)
- Table 96 Middle East & Africa Piezoelectric Materials Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 97 Middle East & Africa Piezoelectric Materials Market Outlook, By Application (2022-2030) ($MN)
- Table 98 Middle East & Africa Piezoelectric Materials Market Outlook, By Motors (2022-2030) ($MN)
- Table 99 Middle East & Africa Piezoelectric Materials Market Outlook, By Generators (2022-2030) ($MN)
- Table 100 Middle East & Africa Piezoelectric Materials Market Outlook, By Actuators (2022-2030) ($MN)
- Table 101 Middle East & Africa Piezoelectric Materials Market Outlook, By Resonators (2022-2030) ($MN)
- Table 102 Middle East & Africa Piezoelectric Materials Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 103 Middle East & Africa Piezoelectric Materials Market Outlook, By End User (2022-2030) ($MN)
- Table 104 Middle East & Africa Piezoelectric Materials Market Outlook, By Healthcare (2022-2030) ($MN)
- Table 105 Middle East & Africa Piezoelectric Materials Market Outlook, By Automotive (2022-2030) ($MN)
- Table 106 Middle East & Africa Piezoelectric Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
- Table 107 Middle East & Africa Piezoelectric Materials Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
- Table 108 Middle East & Africa Piezoelectric Materials Market Outlook, By Other End Users (2022-2030) ($MN)
