Piezoelectric Devices Market By Product (Sensors, Actuators, Motors, Generators, Transducers, Others), By Material (Crystal, Ceramic, Polymers, Composites), By Application (Industrial & Manufacturing, Automotive, Healthcare, IT & Telecom, Consumer Electronics, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

Key Market Insights

"Increase adoption of smart materials will spur the market revenue growth"

The global piezoelectric devices market accounted for US$ 27.5 Bn in 2018 and is anticipated to grow to US$ 36.3 Bn growing at a CAGR of 3.5% throughout the forecast period from 2019 to 2027.

Increasing investments in research and development of piezo solutions by companies and research universities coupled with increasing application of piezoelectric devices in various end-use industry verticals such as healthcare, automotive and aerospace & defense among others are the major factors driving the growth of piezoelectric devices market. According to a recent report, expenditure on piezoelectric energy harvesting technology is expected to grow to US$ 145 Bn in 2018. The improvement in output and reliability of coupled with convergence of developments of associated technology is expected to spur the market growth. The piezoelectric sensing devices are in huge demand owing to its use at ultrahigh temperatures (>600° C) specifically in aerospace, automotive and energy industries. These devices offers benefits such as ensuring structural integrity, maintaining safety and low costs among others.

Additionally, increasing adoption of piezoelectric devices such as motors and actuators in healthcare sector for transdermal drug delivery, monitoring of endoscope & gastroscope devices, biomedical microtools including scissors, tweezers and drills among others to a microbot base using piezo motors are positively influencing the market growth. Piezo motors are also increasingly used in noninvasive surgery tools and microsurgery. Apart from this governments of various nations are taking initiatives to develop roads generating electricity by using piezoelectricity. For instance, in 2016, California has invested approximately US$ 2 Bn to study the effect of embedding piezoelectric crystals on road surfaces.

Market Synopsis

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Product Analysis

"Actuators segment to dominate the market during the forecast period."

Based on product, the piezoelectric devices market is classified into sensors (pin type, and lead type), actuators (stack actuators, tube actuators, stripe actuators, and shear actuators), motors (stick-slip, stepper, and ultrasonic), generators (Single-layer, and multilayer), transducers, and others segments. Actuators segment dominated the global piezoelectric devices market. This can be associated with the numerous benefits offered by actuators including faster response, low power consumption, high reliability, and compact size among others. Additionally, the increasing application of actuators in various industries such as automotive, and aerospace & defense among others are proliferating the market growth.

In contrast, generators segment is anticipated to grow with the highest CAGR during the forecast period. This is due to technological advancements including nanoscaling, miniaturization, and precision motion among others. Additionally, piezoelectric generators generate mechanical energy from its surrounding environments and converts it into electrical energy.

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Regional Analysis

Rising foreign investments to bolster the growth in Asia Pacific region

In 2018, Asia Pacific region led the global piezoelectric devices market and accounted for a share of more than 30% of revenue generated globally. This can be attributed to, rising foreign investment in the region, growing population, increasing manufacturing sector and support from government to boost the manufacturing activities among others. The major growth is coming from China which accounted for an approximate share of 35% in the region.

In contrast, Europe region is anticipated to expand at a significant growth rate. Owing to the increasing investments on building energy generating roads and research & development activities for piezoelectricity. Apart from this the European countries are also deploying 5G telecommunication system, and increasingly adopting the piezoelectric devices for use in automotive, and healthcare sector among others.

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List of Companies Covered:

• L3HARRIS TECHNOLOGIES, Inc.
• CeramTec GmbH
• CTS Corporation
• Physik Instrumente (PI) GmbH & Co. Kg.
• APC International, LTD.
• Piezosystem Jena GmbH
• Piezo Technologies
• Kistler Group
• Aerotech Inc.
• Mad City Labs, Inc.

Key Industry Development:

• In February 2017, CeramTec GmbH announced the acquisition of UK based electro ceramic business from Morgan Advanced Materials. Through this acquisition the company is expected to penetrate deeper with new markets, new application areas and provide customers a wide array of products.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation 

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall piezoelectric devices market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

• What are the current market trends and dynamics in the piezoelectric devices market and valuable opportunities for emerging players?
• Estimated forecast and market projections up to 2027
• Which segment accounts for the fastest CAGR during the forecast period?
• Which technology segment holds a larger market share and why?
• Are low and middle-income economies investing in the piezoelectric devices market?
• Which is largest regional market for piezoelectric devices?
• What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
• Worldwide market value of the piezoelectric devices market in 2017 and 2018
• Which are the key trends driving the global piezoelectric devices market growth?
• Who are the leading service providers in the piezoelectric devices market worldwide?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Product
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Piezoelectric Devices (PD) Market
2.2. Global PD Market, by Product, 2018 (US$ Bn)
2.3. Global PD Market, by Material, 2018 (US$ Bn)
2.4. Global PD Market, by Application, 2018 (US$ Bn)
2.5. Global PD Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global PD Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Piezoelectric Devices (PD) Market, by Product , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Sensors
4.2.1. Pin type
4.2.2. Lead type
4.3. Actuators
4.3.1. Stack
4.3.2. Tube
4.3.3. Stripe
4.3.4. Shear
4.4. Motors
4.4.1. Stick-slip
4.4.2. Stepper
4.4.3. Ultrasonic
4.5. Generators
4.5.1. Single-layer
4.5.2. Multilayer
4.6. Transducers
4.7. Others

5. Global Piezoelectric Devices (PD) Market, by Material, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Crystal
5.3. Ceramic
5.4. Polymers
5.5. Composites

6. Global Piezoelectric Devices (PD) Market, by Application, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Industrial & Manufacturing
6.3. Automotive
6.4. Aerospace & Defense
6.5. Healthcare
6.6. IT & Telecom
6.7. Consumer Electronics
6.8. Others (Oil & Gas)

7. North America Piezoelectric Devices (PD) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America PD Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America PD Market Value, By Product, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America PD Market Value, By Material, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America PD Market Value, By Application, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America PD Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Piezoelectric Devices (PD) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe PD Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe PD Market Value, By Product, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe PD Market Value, By Material, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe PD Market Value, By Application, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe PD Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Piezoelectric Devices (PD) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific PD Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific PD Market Value, By Product, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific PD Market Value, By Material, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific PD Market Value, By Application, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific PD Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Piezoelectric Devices (PD) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World PD Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World PD Market Value, By Product, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World PD Market Value, By Material, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World PD Market Value, By Application, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World PD Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. L3HARRIS TECHNOLOGIES, Inc.
11.2. CeramTec GmbH
11.3. CTS Corporation
11.4. Physik Instrumente (PI) GmbH & Co. Kg.
11.5. APC International, LTD.
11.6. Piezosystem Jena GmbH
11.7. Piezo Technologies
11.8. Kistler Group
11.9. Aerotech Inc.
11.10. Mad City Labs, Inc.

* PD - Piezoelectric Devices

FIG. 1 Global Piezoelectric Devices (PD) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global PD Market Segmentation
FIG. 4 Global PD Market, by Product, 2018 (US$ Bn)
FIG. 5 Global PD Market, by Material, 2018 (US$ Bn)
FIG. 6 Global PD Market, by Application, 2018 (US$ Bn)
FIG. 7 Global PD Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key PD Market Vendors, 2018
FIG. 10 Global PD Market, by Product, 2017–2027 (US$ Bn)
FIG. 11 Global PD Market, by Sensors, Value, 2017–2027 (US$ Bn)
FIG. 12 Global PD Market, by Actuators, Value, 2017–2027 (US$ Bn)
FIG. 13 Global PD Market, by Motors, Value, 2017–2027 (US$ Bn)
FIG. 14 Global PD Market, by Generators, Value, 2017–2027 (US$ Bn)
FIG. 15 Global PD Market, by Transducers, Value, 2017–2027 (US$ Bn)
FIG. 16 Global PD Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 17 Global PD Market, by Material, 2017–2027 (US$ Bn)
FIG. 18 Global PD Market, by Crystal, Value, 2017–2027 (US$ Bn)
FIG. 19 Global PD Market, by Ceramic, Value, 2017–2027 (US$ Bn)
FIG. 20 Global PD Market, by Polymers, Value, 2017–2027 (US$ Bn)
FIG. 21 Global PD Market, by Composites, Value, 2017–2027 (US$ Bn)
FIG. 22 Global PD Market, by Application, 2017–2027 (US$ Bn)
FIG. 23 Global PD Market, by Industrial & Manufacturing, Value, 2017–2027 (US$ Bn)
FIG. 24 Global PD Market, by Automotive, Value, 2017–2027 (US$ Bn)
FIG. 25 Global PD Market, by Aerospace & Defense, Value, 2017–2027 (US$ Bn)
FIG. 26 Global PD Market, by Healthcare, Value, 2017–2027 (US$ Bn)
FIG. 27 Global PD Market, by IT & Telecom, Value, 2017–2027 (US$ Bn)
FIG. 28 Global PD Market, by Consumer Electronics, Value, 2017–2027 (US$ Bn)
FIG. 29 Global PD Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 30 U.S. PD Market, 2017–2027 (US$ Bn)
FIG. 31 Rest of North America PD Market, 2017–2027 (US$ Bn)
FIG. 32 U.K. PD Market, 2017–2027 (US$ Bn)
FIG. 33 Germany PD Market, 2017–2027 (US$ Bn)
FIG. 34 France PD Market, 2017–2027 (US$ Bn)
FIG. 35 Italy PD Market, 2017–2027 (US$ Bn)
FIG. 36 Rest of Europe PD Market, 2017–2027 (US$ Bn)
FIG. 37 Japan PD Market, 2017–2027 (US$ Bn)
FIG. 38 China PD Market, 2017–2027 (US$ Bn)
FIG. 39 India PD Market, 2017–2027 (US$ Bn)
FIG. 40 Rest of Asia Pacific PD Market, 2017–2027 (US$ Bn)
FIG. 41 Middle East & Africa PD Market, 2017–2027 (US$ Bn)
FIG. 42 Latin America PD Market, 2017–2027 (US$ Bn)

TABLE 1 Market Snapshot: Global Piezoelectric Devices (PD) Market
TABLE 2 Global PD Market, by Product, 2017–2027 (US$ Bn)
TABLE 3 Global PD Market, by Material, 2017–2027 (US$ Bn)
TABLE 4 Global PD Market, by Application, 2017–2027 (US$ Bn)
TABLE 5 Global PD Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America PD Market, by Product, 2017–2027 (US$ Bn)
TABLE 7 North America PD Market, by Material, 2017–2027 (US$ Bn)
TABLE 8 North America PD Market, by Application, 2017–2027 (US$ Bn)
TABLE 9 North America PD Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe PD Market, by Product, 2017–2027 (US$ Bn)
TABLE 11 Europe PD Market, by Material, 2017–2027 (US$ Bn)
TABLE 12 Europe PD Market, by Application, 2017–2027 (US$ Bn)
TABLE 13 Europe PD Market, by Country, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific PD Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific PD Market, by Product, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific PD Market, by Material, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific PD Market, by Application, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific PD Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 19 RoW PD Market, by Product, 2017–2027 (US$ Bn)
TABLE 20 RoW PD Market, by Material, 2017–2027 (US$ Bn)
TABLE 21 RoW PD Market, by Application, 2017–2027 (US$ Bn)
TABLE 22 RoW PD Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 23 L3Harris Technologies Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 24 CeramTec GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 25 CTS Corporation.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 26 Physik Instrumente (PI) GmbH & Co. Kg.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 27 APC International Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 28 Piezosystem Jena GmbH.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 29 Piezo Technologies.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 30 Kistler Group.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 31 Aerotech Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 32 Mad City Labs, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)