HOME Top Market Reports Piezoelectric Devices Market by Material (Piezoceramics, Piezopolymers, Piezocomposites, Piezocrystals), Product (Actuators, Transducers, Motors, Sensors, Generators), Application (Industrial, Automotive, Healthcare, Consumer) - Global Forecast to 2022

Piezoelectric Devices Market by Material (Piezoceramics, Piezopolymers, Piezocomposites, Piezocrystals), Product (Actuators, Transducers, Motors, Sensors, Generators), Application (Industrial, Automotive, Healthcare, Consumer) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: SE 3950

 

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The piezoelectric device market is a mature market with applications ranging from industrial machinery to compact electronic equipment and tools such as digital cameras, phones, and medical instruments. The base year considered for this research study is 2015 and the market size has been estimated for the period between 2016 and 2022. The overall piezoelectric device market is expected to be valued at USD 31.33 Billion by 2022, growing at a CAGR of 4.88% between 2016 and 2022.

The objectives of the study are as follows:

  • To define, describe, and forecast the piezoelectric devices market segmented on the basis of material (piezocrystals, piezoceramics, piezopolymers, and piezocomposite), product (piezoelectric sensors, actuators, motors, transducers, generators, and other piezoelectric products), application (industrial and manufacturing, automotive, defense and aerospace, healthcare, information and communication, and other applications), and geography.
  • To forecast the size of the piezoelectric device market in terms of value and its market segments with respect to four main regions North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
  • To identify the major market trends and factors driving or inhibiting the growth of the piezoelectric device market
  • To provide value chain analysis as well as the impact of the Porter’s five forces on the market
  • To strategically analyze the micromarkets with respect to individual growth trends and contribution to the overall piezoelectric device market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the global piezoelectric device market
  • To strategically profile the key players operating in the piezoelectric device market and comprehensively analyze their market ranking and core competencies
  • To analyze the strategic developments such as joint ventures, mergers and acquisitions, new product developments, and research and development in the piezoelctric device market.

The research methodology used to estimate and forecast the piezoelectric device market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoovers, and OneSource. The offerings, distribution channels, and the regional presence of these players have been understood through in-depth discussions. Additionally, top-down and bottom-up approaches were used to estimate the sizes of other individual markets by using percentage splits from secondary and primary research. The entire process includes the study of the annual and financial reports of the top market players and extensive interview of key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. The figure below shows the breakdown of the primaries involved in the research study on the basis of company, designation, and region.

Piezoelectric Devices Market

To know about the assumptions considered for the study, download the pdf brochure

The piezoelectric device ecosystem comprises piezoelectric material providers such as APC International, Ltd. (U.S.), Morgan Advanced Materials (U.K.), and CeramTec GmbH (Germany), among others; components manufacturers such as Piezo Solutions (U.S.), piezosystem jena (Germany), Piezo Systems, Inc. (U.S.), Piezomechanik DR. Lutz Pickelmann GmbH (Germany), among others; technology providers such as Mad City Labs Inc. (U.S.), CTS Corporation (U.S.), and Aerotech Inc. (U.S.), among others; and system integrators such as Exelis (U.S.), and Physik Instrumente (PI) GmbH & Co. KG. (Germany), among others, who integrate these piezoelectric components and sell them to end users to cater to their unique business requirements.

Target audience for this report:

  • Original equipment manufacturers
  • Government and financial institutions
  • Software solution providers
  • Distributors and traders
  • Research organizations
  • Technology investors
  • Forums, alliances, and associations
  • End users who want to know more about piezoelectric devices and the latest technological developments in the piezoelectric devices market

Report Scope

Piezoelectric Devices Market, By Material

  • Piezocrystals
  • Piezoceramics
  • Piezopolymers
  • Piezocomposites

Piezoelectric Devices Market, By Product

  • Piezoelectric Sensors
  • Piezoelectric Actutators
  • Piezoelectric Transducers
  • Piezoelectric Motors
  • Piezoelectric Generators
  • Others

Piezoelectric Devices Market, By Application

  • Industrial and Manufacturing
  • Defense and Aerospace
  • Automotive
  • Healthcare
  • Information and Communication
  • Consumer Electronics
  • Others

Piezoelectric Devices Market, By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Others
  • APAC
    • China
    • Japan
    • South Korea
    • Others
  • RoW
    • South America
    • Middle East and Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Company Information

Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Opportunities in Piezoelectric Device Market
    4.2 Piezoelectric Device Market, By Application
    4.3 Piezoelectric Device Market, By Region and Material
    4.4 Piezoelectric Device Market, By Application
    4.5 Piezoelectric Device Market, By Region (2016)

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Piezoelectric Device Market, By Material
           5.2.2 Piezoelectric Device Market, By Product
           5.2.3 Piezoelectric Device Market, By Application
           5.2.4 Piezoelectric Device Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Piezoelectric Materials to Drive Market Growth of Piezoelectric Devices
                    5.3.1.2 Emerging Applications of Piezoelectric Devices
                    5.3.1.3 Considerable R&D Investments for Innovative Solutions
                    5.3.1.4 Increasing Demand for Low-Power Portable Energy Sources and Energy Harvesting Devices
           5.3.2 Restraints
                    5.3.2.1 High Cost of Piezoelectric Materials
           5.3.3 Opportunities
                    5.3.3.1 Increasing Use of Piezoelectric Materials in Nanotechnology
                    5.3.3.2 Development of High-Performance Materials for Piezoelectric Devices
                    5.3.3.3 Opportunity to Tap Unconventional Power Forms Such as Vibrations and Shock Waves for Energy Generation
                    5.3.3.4 Prominent Opportunities for Piezoelectric Actuators and Motors in Automotive and Healthcare Industries
                    5.3.3.5 Advancements in Piezo Motion Technology
           5.3.4 Challenges
                    5.3.4.1 Rapid Technological Changes
                    5.3.4.2 Stringent Regulatory Issues

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Raw Material Suppliers
           6.2.2 Piezoelectric Device Manufacturers
           6.2.3 Technology Integrators
           6.2.4 End Users
    6.3 Key Industry Trends
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivarly

7 Piezoelectric Device Market, By Product (Page No. - 57)
    7.1 Introduction
    7.2 Piezoelectric Sensors
    7.3 Piezoelectric Actuators
           7.3.1 Stack Actuators
           7.3.2 Strip Actuators
    7.4 Piezoelectric Motors
    7.5 Piezoelectric Transducers
    7.6 Piezoelectric Generators
           7.6.1 Single-Layer Piezoelectric Generators
           7.6.2 Multilayer Piezoelectric Generators
    7.7 Others

8 Piezoelectric Devices Market, By Material (Page No. - 85)
    8.1 Introduction
    8.2 Piezoelectric Crystals
    8.3 Piezoelectric Ceramics
           8.3.1 Soft Ceramics
           8.3.2 Hard Ceramics
    8.4 Piezoelectric Polymers
    8.5 Piezoelectric Composites

9 Piezoelectric Devices Market, By Application (Page No. - 93)
    9.1 Introduction
    9.2 Aerospace & Defense
    9.3 Industrial & Manufacturing
    9.4 Automotive
    9.5 Healthcare
           9.5.1 Imaging Devices
           9.5.2 Diagnostic Equipment
    9.6 Information & Communication
    9.7 Consumer Electronics
           9.7.1 Wearable Devices
           9.7.2 Electronic Devices
    9.8 Others

10 Geographical Analysis (Page No. - 107)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Others
     10.4 Asia-Pacific
             10.4.1 Japan
             10.4.2 China
             10.4.3 South Korea
             10.4.4 Others
     10.5 Rest of the World
             10.5.1 Middle East & Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 125)
     11.1 Overview
     11.2 Key Players in the Piezoelectric Device Market, 2015
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches and Developments
             11.3.2 Expansions
             11.3.3 Acquisitions, Collaborations, and Partnerships

12 Company Profiles (Page No. - 131)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 Exelis, Inc.
     12.3 Morgan Advanced Materials
     12.4 APC International, Ltd.
     12.5 Piezosystem Jena GmbH
     12.6 Physik Instrumente (PI) GmbH & Co. Kg.
     12.7 Aerotech Inc.
     12.8 CTS Coporation
     12.9 Ceramtec GmbH
     12.10 Mad City Labs Inc.
     12.11 Piezo Solutions
     12.12 US Eurotek, Inc.
     12.13 Piezomechanik Dr. Lutz Pickelmann GmbH

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 161)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (67 Tables)

Table 1 Prominent Players in the Piezoelectric Device Market
Table 2 New Applications of Piezoactuators for Ultrasmall-Scale Precision Devices and Emerging Energy Harvesting Techniques Expected to Drive the Piezoelectric Device Market
Table 3 Piezoelectric Devices Market, By Product, 2013–2022 (USD Billion)
Table 4 Piezoelectric Device Market for Piezoelectric Sensors, By Application, 2013–2022 (USD Billion)
Table 5 Piezoelectric Devices Market for Piezoelectric Sensors, By Material, 2013–2022 (USD Billion)
Table 6 Piezoelectric Device Market for Piezoelectric Sensors, By Region, 2013–2022 (USD Billion)
Table 7 Piezoelectric Devices Market for Piezoelectric Sensors in North America, By Country, 2013–2022 (USD Million)
Table 8 Piezoelectric Device Market for Piezoelectric Sensors in Europe, By Country, 2013–2022 (USD Million)
Table 9 Piezoelectric Device Market for Piezoelectric Sensorsin APAC, By Country, 2013–2022 (USD Billion)
Table 10 Piezoelectric Devices Market for Piezoelectric Actuators, By Application, 2013–2022 (USD Billion)
Table 11 Piezoelectric Devices Market for Piezoelectric Actuators, By Material, 2013–2022 (USD Billion)
Table 12 Piezoelectric Devices Market for Piezoelectric Actuators, By Region, 2013–2022 (USD Billion)
Table 13 Piezoelectric Devices Market for Piezoelectric Actuators in North America, By Country, 2013–2022 (USD Billion)
Table 14 Piezoelectric Device Market for Piezoelectric Actuators in Europe, By Country, 2013–2022 (USD Billion)
Table 15 Piezoelectric Device Market for Piezoelectric Actuators in APAC, By Country, 2013–2022 (USD Billion)
Table 16 Piezoelectric Devices Market for Piezoelectric Motors, By Application, 2013–2022 (USD Billion)
Table 17 Piezoelectric Devices Market for Piezoelectric Motors, By Material, 2013–2022 (USD Billion)
Table 18 Piezoelectric Devices Market for Piezoelectric Motors, By Region, 2013–2022 (USD Billion)
Table 19 Piezoelectric Device Market for Piezoelectric Motors in North America, By Country, 2013–2022 (USD Million)
Table 20 Piezoelectric Devices Market for Piezoelectric Motors in Europe, By Country, 2013–2022 (USD Billion)
Table 21 Piezoelectric Devices Market for Piezoelectric Motors in APAC, By Country, 2013–2022 (USD Billion)
Table 22 Piezoelectric Device Market for Piezoelectric Transducers, By Application, 2013–2022 (USD Billion)
Table 23 Piezoelectric Devices Market for Piezoelectric Transducers, By Material, 2013–2022 (USD Billion)
Table 24 Piezoelectric Device Market for Piezoelectric Transducers, By Region, 2013–2022 (USD Billion)
Table 25 Piezoelectric Devices Market for Piezoelectric Transducers in North America, By Country, 2013–2022 (USD Billion)
Table 26 Piezoelectric Device Market for Piezoelectric Transducers in Europe, By Country, 2013–2022 (USD Billion)
Table 27 Piezoelectric Device Market for Piezoelectric Transducers in APAC, By Country, 2013–2022 (USD Billion)
Table 28 Piezoelectric Devices Market for Piezoelectric Generators, By Application, 2013–2022 (USD Million)
Table 29 Piezoelectric Device Market for Piezoelectric Generators, By Material, 2013–2022 (USD Million)
Table 30 Piezoelectric Devices Market for Piezoelectric Generators, By Region, 2013–2022 (USD Million)
Table 31 Piezoelectric Device Market for Piezoelectric Generators in North America, By Country, 2013–2022 (USD Million)
Table 32 Piezoelectric Device Market for Piezoelectric Generators in Europe, By Country, 2013–2022 (USD Million)
Table 33 Piezoelectric Device Market for Piezoelectric Generators in APAC, By Country, 2013–2022 (USD Million)
Table 34 Piezoelectric Devices Market for Other Products, By Application, 2013–2022 (USD Billion)
Table 35 Piezoelectric Devices Market for Other Products, By Material, 2013–2022 (USD Billion)
Table 36 Piezoelectric Device Market for Other Products, By Region, 2013–2022 (USD Billion)
Table 37 Piezoelectric Device Market for Other Products in North America, By Country, 2013–2022 (USD Million)
Table 38 Piezoelectric Devices Market for Other Products in Europe, By Country, 2013–2022 (USD Million)
Table 39 Piezoelectric Device Market for Other Products in APAC, By Country, 2013–2022 (USD Million)
Table 40 Piezoelectric Device Market, By Material, 2013–2022 (USD Billion)
Table 41 Market for Piezoelectric Crystals, By Product, 2013–2022 (USD Million)
Table 42 Market for Piezoelectric Ceramics, By Product, 2013–2022 (USD Million)
Table 43 Market for Piezoelectric Polymers, By Product, 2013–2022 (USD Million)
Table 44 Market for Piezoelectric Composites, By Product, 2013–2022 (USD Million)
Table 45 Piezoelectric Devices Market, By Application, 2013–2022 (USD Billion)
Table 46 Piezoelectric Devices Market for Industrial and Manufacturing Applications, By Product, 2013–2022 (USD Million)
Table 47 Piezoelectric Devices Market for Automotive Applications, By Product, 2013–2022 (USD Million)
Table 48 Piezoelectric Devices Market for Healthcare Applications, By Product, 2013–2022 (USD Million)
Table 49 Piezoelectric Devices Market for Information & Communication Applications, By Product, 2013–2022 (USD Million)
Table 50 Piezoelectric Devices Market for Consumer Electronics, By Product, 2013–2022 (USD Million)
Table 51 Piezoelectric Devices Market for Other Applications, By Product, 2013–2022 (USD Million)
Table 52 Piezoelectric Device Market, By Region, 2013–2022 (USD Billion)
Table 53 Piezoelectric Device Market in North America, By Country, 2013–2022 (USD Billion)
Table 54 Piezoelectric Devices Market in North America, By Product, 2013–2022 (USD Billion)
Table 55 Piezoelectric Device Market in North America, By Material, 2013–2022 (USD Billion)
Table 56 Piezoelectric Devices Market in Europe, By Country, 2013–2022 (USD Billion)
Table 57 Piezoelectric Devices Market in Europe, By Product, 2013–2022 (USD Billion)
Table 58 Piezoelectric Devices Market in Europe, By Material, 2013–2022 (USD Billion)
Table 59 Piezoelectric Devices Market in Asia-Pacific, By Country, 2013–2022 (USD Billion)
Table 60 Piezoelectric Devices Market in Asia-Pacific, By Product, 2013–2022 (USD Billion)
Table 61 Piezoelectric Devices Market in Asia-Pacific, By Material, 2013–2022 (USD Billion)
Table 62 Piezoelectric Devices Market in RoW, By Product, 2013–2022 (USD Billion)
Table 63 Piezoelectric Devices Market in RoW, By Material, 2013–2022 (USD Billion)
Table 64 Ranking Analysis: Piezoelectric Device Market
Table 65 New Product Launches, 2016
Table 66 Expansions, 2015
Table 67 Agreements, Collaborations, & Partnerships, 2015–2016


List of Figures (48 Figures)

Figure 1 Market Segmentation
Figure 2 Piezoelectric Device Market: Research Design
Figure 3 Breakdown of Primaries
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Piezoelectric Actuators Expected to Dominate the Piezoelectric Device Market During the Forecast Period
Figure 8 Piezoelectric Device Market for Consumer Electronics Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Global Piezoelectric Device Market, By Material, 2016 vs 2022
Figure 10 APAC Accounted for the Largest Share of the Piezoelectric Device Market in 2015
Figure 11 Attractive Growth Opportunities in the Piezoelectric Device Market (2016–2022)
Figure 12 Piezoelectric Device Market for Industrial and Manufacturing Application Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 13 Asia-Pacific Expected to Hold the Largest Share of the Piezoelectric Device Market in 2016
Figure 14 Industrial and Manufacturing Application Expected to Hold the Largest Share of the Market During the Forecast Period
Figure 15 U.S. Expected to Hold the Largest Share of the Piezoelectric Device Market in 2016
Figure 16 Growing Demand for Piezoelectric Devices and Their Emerging Applications Expected to Drive the Piezoelectric Device Market
Figure 17 Piezoelectric Device Market: Value Chain Analysis (2015)
Figure 18 Porter’s Five Forces Analysis
Figure 19 Porter’s Five Forces Analysis: Bargaining Power of Buyers and Intensity of Competitive Rivalry Likely to Have A High Impact on the Piezoelectric Device Market
Figure 20 Piezoelectric Devices Market: Threat of New Entrants
Figure 21 Piezoelectric Device Market: Threat of Substitutes
Figure 22 Piezoelectric Devices Market: Bargaining Power of Suppliers
Figure 23 Piezoelectric Devices Market: Bargaining Power of Buyers
Figure 24 Piezoelectric Device Market: Intensity of Competitive Rivarly
Figure 25 Piezoelectric Device Market, By Product
Figure 26 Market Segmentation, By Material
Figure 27 Market Segmentation, By Application
Figure 28 Segmentation of Healthcare Applications
Figure 29 Segmentation of Consumer Electronic Applications
Figure 30 Geographic Snapshot: Asia-Pacific is Expected to Be the Largest Market for Piezoelectric Devices Between 2016 and 2022
Figure 31 Asia-Pacific Would Be an Attractive Marketplace for All End-User Industries of Piezoelectric Devices During the Forecast Period
Figure 32 Asia-Pacific to Witness the Highest Growth Between 2016 and 2022 (USD Billion)
Figure 33 Overview of the Piezoelectric Device Market in North America, 2015–2022
Figure 34 Overview of the Piezoelectric Device Market in Europe, 2015–2022
Figure 35 Overview of the Piezoelectric Device Market in Asia-Pacific, 2015–2022
Figure 36 Companies Adopted New Product Launches as the Key Growth Strategy Over the Last Five Years (2014–2016)
Figure 37 Battle for Market Share: New Product Launches and Developments Have Been the Key Strategies (2014-2016)
Figure 38 Battle for Market Share: New Product Launch as Key Strategies (2015 & 2016)
Figure 39 Exelis Inc.: Company Snapshot
Figure 40 Exelis Inc.: SWOT Analysis
Figure 41 Morgan Advanced Materials: Company Snapshot
Figure 42 Morgan Advanced Materials: SWOT Analysis
Figure 43 APC International, Ltd.: SWOT Analysis
Figure 44 Piezosystem Jena GmbH: SWOT Analysis
Figure 45 Physik Instrumente (PI) GmbH & Co. Kg.: SWOT Analysis
Figure 46 Aerotech Inc.: SWOT Analysis
Figure 47 CTS Corporation: Company Snapshot
Figure 48 Ceramtec GmbH : Company Snapshot

MarketsandMarkets forecasts the global piezoelectric device market to grow from USD 23.54 Billion in 2016 to USD 31.33 Billion by 2022, at a CAGR of 4.88% between 2016 and 2022. The increasing application areas for piezocomposite materials in industries and emerging energy harvesting techniques using nonconventional energy sources such as body and facial movements are creating a huge demand for the piezoelectric device market across the world. The major factors driving the growth of the piezoelectric device market include increasing use of piezoelectric devices for energy harvesting applications and increasing funding from government and other investors into the market. Furthermore, the rising automotive sector is expected to drive the market for piezoelectric motors and actuators in the coming years.

The market for piezoceramics held the largest share in the piezoelectric device market owing to its high piezoelectric sensitivity and ability to acquire desired shapes and sizes. Currently, the most widely used piezoelectric ceramic material is lead-zirconate-titanate (PZT). It is used in a variety of applications such as healthcare, industrial and manufacturing, and automotive, among others.

The global market for piezoelectric actuators and piezoelectric motors is expected to witness a significant growth during the forecast period owing to the benefits like reliability and cost-effectiveness offered by piezoelectric actuators and motors. Increase in demand for ultraprecision motion devices used for purposes such as manufacturing, structural health monitoring, and nondestructive testing and in industries such as automotive and consumer electronics is expected to boost the market during the forecast period. The market for piezoelectric actuators has potential of further development and growth in areas such as autofocus assemblies required in phone cameras, fuel injectors used in the automotive sector, and precision movement application in microelectronics production.

Industrial and manufacturing application is the leading the piezoelectric device market on basis of application. Piezoelectric motors, sensors, actuators, and transducers have a number of important uses in industrial processes. Piezoelectric sensors such as ultrasonic sensors are used in sorting and material handling at various stages involved in manufacturing processes. A piezoelectric level sensor uses sound waves to detect and monitor the level of materials in a bin. This increases automation and accuracy and reduces material loss caused by human error. Actuators are used to precisely control industrial machining tools. The piezoelectric actuators, which use the piezoelectricity of crystals, have been used widely in high-precision positioning application in manufacturing and inspection equipment owing to their ability to control a mechanical displacement at a high speed.

APAC held the highest share in the global piezoelectric device market in 2015. Japan is involved in the researches on piezoelectric materials to a greater extent than any other country. In recent years, Japan has attempted to apply the piezoelectric technology for microscale applications. These attempts include the usage of piezoelectric technology in floors of train stations to generate electricity. Owing to these researches, the market in APAC is expected to grow at the highest rate in the coming years.

Piezoelectric Devices Market

A high cost of material involved in manufacturing of piezoelectric products, high cost required for R&D activities related to manufacturing of piezoelectric products, and legal measures which restrict the use of lead in these products are the restraining factors for the market.

Major players in this industry include APC International, Ltd (U.S.), Exelis (U.S.), Morgan Advanced Materials (U.K.), Physik Instrumente (PI) GmbH & Co. KG. (Germany), piezosystem jena (Germany), CeramTec GmbH (Germany), Piezo Solutions (U.S.), Piezo Systems, Inc. (U.S.), Piezomechanik Dr. Lutz Pickelmann GmbH (Germany), Mad City Labs Inc. (U.S.), US EuroTek, Inc. (U.S.), CTS Corporation (U.S.), and Aerotech Inc, (U.S.)

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