Global Piezoelectric Actuators and Motors Market - Drivers and Forecast from Technavio

Technavio has announced the release of their 'Global Piezoelectric Actuators and Motors Market 2017-2021' report. (Graphic: Business Wire)

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LONDON--()--Technavio analysts forecast the global piezoelectric actuators and motors market to grow to USD 25 billion by 2021, at a CAGR of more than 16% over the forecast period, according to their latest report.

The research study by Technavio on the global piezoelectric actuators and motors market for 2017-2021 provides detailed industry analysis based on applications (consumer electronics sector, automotive sector, and healthcare sector) and geography (APAC, EMEA, and the Americas).

 
A piezoelectric actuator is an inverse piezoelectric device that converts an electric impulse into an equivalent mechanical motion. APAC occupies 49% of the global piezoelectric actuators and motors market, making it the dominant regional segment. The dominance of the region is driven by the high concentration of the major electronic device manufacturers in APAC.
 

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Technavio analysts highlight the following three factors that are contributing to the growth of the global piezoelectric actuators and motors market:

  • Use of thinner multilayer actuators in smartphones
  • Integration of haptics technology in wearable devices
  • Growing use of copper electrodes in piezoelectric actuators

Use of thinner multilayer actuators in smartphones

Since the thickness and size of consumer electronic devices such as a smartphone are reducing rapidly, there is a growing need for smaller and thinner components. Since a piezoelectric actuator is made up of micron-scale layers of piezoelectric material, it is increasingly adopted into smartphones,” says Raghu Raj Singh, a lead analyst at Technavio for embedded systems research.

Piezoelectric actuators are mainly used in smartphones for camera operations and haptic feedback systems. Also, piezo stack actuators consume very little power, making them very energy efficient. The shift towards miniaturization will provide a further boost to the market.

Integration of haptics technology in wearable devices

The emergence of smartwatches and smart bands for touch alert systems is leading to the swift growth of the wearable electronics market. These devices are compatible with a variety of devices such as Bluetooth/NFC-enabled headsets, media players, and smartphones. They can be used to monitor and track heart rate, distance traveled, number of steps taken, and quality of sleep; and receive emails, calls, and other notifications. These are made possible by the use of the haptics technology, which will accelerate the demand for piezoelectric actuators over the forecast period.

Growing use of copper electrodes in piezoelectric actuators

Manufacturers find piezoelectric actuators with internal copper electrodes to be cost-effective while providing enhanced performance. These actuators with copper electrodes are also extremely reliable and stable, which is driving their increased adoption,” says Raghu.

The copper electrodes used in the piezo actuators show no loss of copper even at high humidity and temperatures. These piezoelectric actuators have high efficiency and can be used in applications such as in energy-efficient fuel injectors, where it needs to withstand extreme temperatures.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio has announced the release of their Global Piezoelectric Actuators and Motors Market 2017-2021 report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com