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Piezoelectric Sensors Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Overview:

Piezoelectric sensor is a device capable of detecting pressure changes, temperature variations along with deviations in forces by utilizing the mechanism of piezoelectric effect. Increasing demand for highly accurate pressure sensors from inferior application verticals such as diesel fuel injectors and solar equipment, augmenting the growth of piezoelectric sensors market worldwide. Growing adoption of smart devices such as smartphones, ultrasound imaging and smart watches among others reported as one of the most prominent factors further influencing the piezoelectric sensors market growth.  Moreover, surging wireless sensing network along with IoT developments are some more factors proliferating the demand for piezoelectric sensors worldwide.

Growing popularity of piezoelectric sensors encouraged government and research institutes to invest in R&D for more innovative products. In October 2017, MIT research institute introduced flexible piezoelectric sensors to detect movements in gastrointestinal tract. These sensors are highly demanded in healthcare sector to identify and diagnose gastrointestinal disorders. Such product developments creating huge opportunity for piezoelectric sensors market growth. Product development through material quality enhancement is observed as one of the highly adopted strategies in overall piezoelectric sensors market.

Piezoelectric sensors market segmented on the basis of applications into industrial & manufacturing, automotive, healthcare along with telecom and aerospace among others. Industrial & manufacturing sector accounted for highest market share owing to increasing industrialization and urbanizations across different geographical regions. Piezoelectric sensors performs important role in several stages of manufacturing processes, thus set increasing demand in manufacturing & industrial sector. Automotive sector further observed as highly emerging segment owing to increasing market penetration of premium cars.

Asia Pacific expected to hold highest market share in the global piezoelectric sensors market, followed by Europe and North America. Increasing adoption of portable electronics technology along with the growth in IT and telecom market ensures piezoelectric sensors market growth in Asia Pacific region. Increasing industrialization and urbanizations coupled with rising demand for premium cars together ensured Asia Pacific to lead global piezoelectric sensors market. 

Major drivers for piezoelectric sensors market:

  • Growing applications in semiconductor industries
  • Growing adoption of smart devices
  • Development in pressure sensing technology
  • Increasing demand for accurate pressure sensors  
  • Automation in industrial processing

Major restraints of piezoelectric sensor market:

  • High Cost
  • Availability of cheaper and more accurate sensors

The global piezoelectric sensors market segmented on the following basis:

  • Sensor Type:
    • Piezoelectric Accelerometers
    • Piezoelectric Pressure Sensor
    • Piezoelectric Force Sensor
  • Application:
    • Industrial & Manufacturing
    • Automotive
    • Healthcare
    • Telecom
    • Aerospace
    • Oil & Gas
    • Others (Home appliances, Power generation plants etc.)
  • Geography:
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • South Asia
      • Rest of Asia Pacific
    • Rest of the World (RoW)
      • Latin America
      • Middle East & Africa (MEA)

Key players identified in piezoelectric sensor market include but are not limited to:

APC International Ltd., Exelis, Inc., Morgan Advanced Materials Plc., Piezosystem Jena GmbH, Piezo Systems, Inc., Piezomechanik GmbH, US Eurotek, Inc., MAD City Labs, Inc., Kistler Group, TE Connectivity Ltd., PCB Piezotronics, Inc. and Meggitt S.A. among others.

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