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

Overview:

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

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

The market for piezoelectric sensors is divided into applications such as industrial & manufacturing, automotive, healthcare, telecom, and aerospace, among others. The industrial and manufacturing sectors accounted for the highest market share owing to increasing industrialization and urbanization across different geographical regions. Piezoelectric sensors perform an important role in several stages of manufacturing processes, thus increasing demand in the manufacturing and industrial sectors. The automotive sector was further observed as a highly emerging segment owing to the increasing market penetration of premium cars.

Asia Pacific is expected to hold the 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 of the IT and telecom markets ensures piezoelectric sensors market growth in the Asia Pacific region. Increasing industrialization and urbanization, coupled with rising demand for premium cars, ensured Asia-Pacific would lead the global piezoelectric sensors market.

Major drivers for the 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 the piezoelectric sensor market:

  • High Cost
  • Availability of cheaper and more accurate sensors

The global piezoelectric sensors market is segmented on the following basis:

Sensor Type

  • Piezoelectric Accelerometers
  • Piezoelectric pressure sensor
  • Piezoelectric Force Sensor

Application

  • Industrial and Manufacturing
  • Automotive
  • Healthcare
  • Telecom
  • Aerospace
  • Oil and Gas
  • Others (home appliances, power generation plants, etc.)

Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently Asked Questions:

The market for Piezoelectric Sensors is expected to reach US$ XX Mn in 2026.

The Piezoelectric Sensors market is expected to see significant CAGR growth over the coming years,at XX%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

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Trusted By
Godaddy
Published Date:  Jul 2018
Category:  Semiconductor & Electronics
Report ID:   59215
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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