LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global piezoelectric smart materials market 2017-2021 report. This market research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global piezoelectric smart materials market is expected to grow at a CAGR of more than 13% during the forecast period. The piezoelectric smart materials market is concentrated with the presence of a few major players. There are many emerging start-up organizations, but the market is dominated by the key players only.
“The competition comes mostly from the companies based in North America. This is because of the growing technological advances in products and their competitive prices in that region. These companies invest heavily in R&D which has helped them to survive in the market and gain popularity with time. The increasing number of startups can be a competition for the key players if they invest more in R&D and develop more innovative products than those of the existing key players,” says Mohd Shakeel Iqbal, a lead specialty chemicals analyst from Technavio.
The report also states that the growth of the market can be attributed to the increased demand for applications like deterrents, motors, object detectors, and security alarms from regions such as the Americas, Europe, the Middle East, and Africa. In 2016, the Americas dominated the market with a market share of more than 47%, followed by EMEA and APAC.
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Technavio market research analysts identify the following key vendors:
AAC Technologies manufactures integrated micro-component solutions. It provides acoustic and non-acoustic components to its clients in the information technology, consumer electronics, and communication industries. The company provides piezoelectric ceramic solutions that are used to convert input signals to offer haptic feedback. These solutions are used in cell phones for feedback through vibrations and are advantageous due to low power consumption and quick response ability. The company provides two types of piezoelectric ceramics solutions - piezo actuators and touch sensors.
Arkema is known to produce chemicals, including refrigerants, foam blowing agents, solvents, and aerosols. This company is developing a range of ultra-high added value electroactive fluorinated polymers derived from polyvinylidene difluoride (PVDF). Polymers are materials of the future, offering wide scope for applications in the robotics, aerospace, medical, automotive, and electronics sectors.
CEDRAT TECHNOLOGIES produces products which have magnetic effects and produces smart materials such as piezoelectric, magnetostrictives, magnetoelastics. The company has developed various force, stress and torque sensors for its end-users. It has also developed products for energy harvesting. The company is manufacturing its piezoelectric smart materials under the brand name APA, PPA, SPEED SENSOR, APA400M-MD, CAu10, CAu20, SPC45, APA60SM and others for diverse applications.
Kyocera is a manufacturer of electronic components and equipment. The company offers materials, components, devices and equipment, and related services. Its product portfolio comprises semiconductor parts, electronic devices, ceramic components, telecommunication, and information equipment. The company developed an ultra-thin, lightweight audio device, called Smart Sonic Sound. This innovative piezoelectric actuator audio technology is being utilized in a flat-screen television for the first time by LG Electronics.
Solvay Specialty Polymers uses piezoelectric materials for sensors and actuators. It manufactures over 1,500 products across 35 brands of high-performance polymers. It generally manufactures sensors that resemble capacitors, which on the application of external force results in the electromagnetic field. Thus, these can be used in loud speakers or buzzers. The electrical field can be measured as the mechanical stress applied to them is exactly proportional to the electrical field generated from them.
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