DUBLIN--(BUSINESS WIRE)--The "Piezoelectric Devices Market by Material (Piezoelectric Ceramics, Crystals, Polymers), Product (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global piezoelectric devices market is estimated to grow from USD 28.9 billion in 2020 to USD 34.7 billion by 2025; at a CAGR of 3.7%. Increasing the adoption of piezoelectric energy harvesting technology is one of the factors driving the growth of this market.
The market for piezoelectric generators is expected to grow at highest CAGR during the forecast period
Among products, the market for piezoelectric generators is expected to grow at the highest CAGR during the forecast period. Piezoelectric generators are used in various portable medical devices that monitor blood sugar, medication, and vital signs. The increasing demand for these generators in consumer electronic devices is expected to accelerate the growth of the piezoelectric devices market in the near future.
The market for piezoelectric polymers is expected to grow at highest CAGR during the forecast period
Among materials, the market for piezoelectric polymers is expected to grow at the highest CAGR during the forecast period. The growth is attributed to their various features such as broad resonance bandwidth, low acoustic impedance, low fabrication cost, lightweight, fast processing; and their adoptions in healthcare applications.
Aerospace & defense application accounted for the largest market share in 2019
The aerospace & defense application held the largest share of the piezoelectric devices market in 2019. This is attributed to the increasing adoption of piezoelectric-device based products such as sensors, actuators, and motors for aerospace & defense applications. Piezoelectric actuators are mainly being used in different parts of aircraft for damping undesirable vibrations. The reduction of sound levels in helicopters has drawn a lot of interest, however, the technology is also applied in planes, wind turbines, motors, machine tools, and laboratory tables.
Europe to hold the second-largest share of piezoelectric devices market during in 2025
Europe is the second-largest market for piezoelectric devices, owing to the presence of lucrative automotive, healthcare, and industrial & manufacturing verticals in the region. Moreover, Europe is home to huge players in the piezoelectric devices market such as Physik Instrumente (PI) GmbH & Co. KG (Karlsruhe, Germany), CeramTec GmbH (Plochingen, Germany), and piezosystem jena GmbH (Jena, Germany). These players are considered trendsetters in this market by developing innovative piezoelectric-based products and devices, which are used in multiple application areas.
Reasons to buy the report
1. This report segments the piezoelectric devices market comprehensively and provides the closest approximations of the overall size of the market, as well as its segments and subsegments.
2. The report is expected to help stakeholders understand the pulse of the market and provide them with information about key drivers, restraints, challenges, and opportunities.
3. This report aims at helping stakeholders in obtaining an improved understanding of their competitors and gaining insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem of the market, as well as growth strategies such as product launches and developments, expansions, partnerships, collaborations, contracts, and mergers & acquisitions adopted by major market players.
Key Topics Covered:
1.1 Study Objectives
1.2 Market Definition & Scope
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Piezoelectric Devices Market
4.2 Market, By Product and Application
4.3 Market, By Country
4.4 Market, By Region
5 Market Overview
5.2 Market Dynamics
5.3 Value Chain Analysis
6 Piezoelectric Devices Market, By Product
6.2 Piezoelectric Sensors
6.3 Piezoelectric Actuators
6.4 Piezoelectric Motors
6.5 Piezoelectric Generators
6.6 Piezoelectric Transducers
7 Piezoelectric Devices Market, By Material
7.2 Piezoelectric Crystals
7.3 Piezoelectric Ceramics
7.4 Piezoelectric Polymers
7.5 Piezoelectric Composites
8 Piezoelectric Devices Market, By Application
8.2 Aerospace & Defense
8.3 Industrial & Manufacturing
8.6 Information & Communication
8.7 Consumer Electronics
9 Piezoelectric Elements
9.2 Piezoelectric Discs
9.3 Piezoelectric Rings
9.4 Piezoelectric Plates
10 Operation Modes of Piezoelectric Devices
10.2 Direct Piezoelectric Effect
10.3 Converse Piezoelectric Effect
11 Geographic Analysis
11.2 North America
12 Competitive Landscape
12.2 Market Ranking Analysis of Players in Piezoelectric Devices Market, 2019
12.3 Competitive Leadership Mapping
12.4 Competitive Scenario
13 Company Profiles
13.2 Key Players
13.2.1 L3HARRIS TECHNOLOGIES, Inc.
13.2.2 CeramTec GmbH
13.2.3 CTS Corporation
13.2.4 Physik Instrumente (PI) GmbH & Co. Kg.
13.2.5 APC International, LTD.
13.2.6 Piezosystem Jena GmbH
13.2.7 Piezo Technologies
13.2.8 Kistler Group
13.2.9 Aerotech Inc.
13.2.10 Mad City Labs, Inc.
13.3 Right to Win
13.4 Other Key Players
13.4.1 Mide Technology Corp.
13.4.2 Omega Piezo Technologies, Inc.
13.4.3 PCB Piezotronics, Inc.
13.4.4 Cedrat Technologies
13.4.6 Piezomechanik Dr. Lutz Pickelmann GmbH
13.4.7 Dytran Instruments Incorporated.
13.4.8 Piezo Solutions
13.4.10 Kinetic Ceramics
13.4.11 Johnson Matthey Piezo Products GmbH
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