LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global piezoelectric diaphragm market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The increasing demand for piezoelectric devices in applications, such as low power and portable energy sources, in the medical sector and structural health monitoring, is driving the global piezoelectric diaphragms market. In addition, the increasing usage of piezoelectric diaphragms in mobile phones and notebooks in the consumer electronics industry, rising investors and governments funding, and growing traction of piezoelectric energy harvesting devices are expected to drive the growth of the global piezoelectric diaphragm market during the forecast period.
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The top three emerging trends driving the global piezoelectric diaphragm market according to Technavio hardware and semiconductor research analysts are:
- Growing demand from healthcare sector
- Growing usage of piezoelectric devices in several applications
- Nanotechnology in piezoelectric smart materials
Growing demand from healthcare sector
“Growing investments in the healthcare sector along with the rise in funding from various governments toward R&D is fueling the technological capabilities of players in the healthcare sector. The use of piezoelectric diaphragms in medical devices is expected to increase due to the increasing investments,” says Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.
Many companies are expanding their businesses in emerging countries, such as India and China, as these economies have immense growth potential. Implementation of government projects to develop healthcare infrastructures increased the healthcare budgets. This led to advances in technology, propelling the market growth.
Growing usage of piezoelectric devices in several applications
“Piezoelectric devices can be used in high-speed information storage devices. A planar piezoelectric microactuator is light and can overcome friction caused by ball bearings in conventional actuators. A dual-stage actuator can be used as a magnetic disk drive,” adds Sunil.
Furthermore, the demand for piezoelectric devices from agriculture and the food industry will drive the use of smart packaging and smart label technologies. In addition, piezoelectric ultrasonic sensors are used to monitor the flow rates to mix contents of the container and reservoirs in the right proportion.
Nanotechnology in piezoelectric smart materials
Nanotechnology has gathered a lot of attention in the past few years, and the reasons are obvious. Nanotechnology has offered the platform to build materials with little or no defects and high-performance properties. Nanotechnology also comprises the development of nano-sized materials and systems.
There has been a growing trend in the use of nanotechnology in organic light emitting transistors. Smart nanofibers are used in such light-emitting transistors and advanced organic solar cells. Nanotechnology is also expected to drive the demand for smart packaging over the next few years, by offering better design and convenience.
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