Piezoelectric Devices Market

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

Report Code: SE 3950 Nov, 2019, by marketsandmarkets.com
Updated date -

The piezoelectric device market is projected to grow from USD 23.5 billion in 2016 to USD 31.3 billion by 2022; it is expected to grow at a CAGR of 4.9% from 2019 to 2022. Key factors fueling the growth of this market include the increasing market for piezoelectric materials, emerging applications of piezoelectric devices, increase in R&D investments, and increasing demand for low-power portable energy sources and energy harvesting devices.

Piezoelectric Devices Market

The piezoelectric actuators segment accounted for the largest share of the piezoelectric device market in 2016.

In 2016, the piezoelectric actuators segment captured the largest share of the piezoelectric device market. The growth of this market is propelled by the growing demand for high-accuracy systems. Piezoelectric actuators offer a considerably higher level of precision required in positioning systems, thereby making them highly suitable for use in such devices. These actuators are also being used in semiconductor manufacturing, optics and photonics, industrial automation, and medical engineering.

The industrial & manufacturing segment accounted for the largest share of the piezoelectric device market in 2016.

The industrial & manufacturing segment accounted for the largest share of the piezoelectric devices market in 2016. Piezoelectric motors, sensors, actuators, and transducers have various applications in industrial processes. Industrial and manufacturing has been the largest and oldest application sector for piezoelectric devices. A fundamental factor in the growth of this sector has been piezoelectric actuators which have witnessed significant growth in recent years owing to the increasing demand for nanoscale positioning applications

The piezoceramics accounted for the largest share of the piezoelectric device market in 2016.

Among materials, the piezoceramics accounted for the largest share of the piezoelectric devices market in 2016. The growth of this segment of the market can be attributed to the increased demand for piezoceramics because of 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 medical, industrial, and automotive.

Piezoelectric Devices Market

APAC held the largest share of the piezoelectric device market in 2016.

APAC accounted for the largest share of the piezoelectric devices market in 2016. APAC is home to the largest producers of piezoelectric ceramics and crystals. Countries like Japan and China are the major contributor to this region and together account for about 75% of the total market share in the APAC region. Moreover, several attempts of microscale applications of piezoelectric technology have been made in Japan, including the usage of piezoelectric technology in floors of train stations to generate electricity

Key Market Players

Exelis Inc. (U.S.), Morgan Advanced Materials (U.K.), APC International, Ltd. (U.S.), piezosystem jena GmbH (Germany), and Physik Instrumente (PI) GmbH & Co. KG. (Germany) are a few major companies operating in the piezoelectric devices market. These companies have adopted both organic and inorganic growth strategies such as new product launches and product enhancements; mergers and acquisitions; partnerships, agreements, collaborations, and alliances; and expansions to strengthen their position in the piezoelectric devices market.

Scope of the Report:

Report Metric

Details

Report Name

Piezoelectric devices market

Base year

2015

Forecast period

2016–2022

Units

Value (USD)

Segments covered

Type, End User, Offerings, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

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

Piezoelectric devices market segmentation :

This report categorizes the piezoelectric devices market based on product, material, application, and region.

Piezoelectric Devices Market, by Product:

  • Piezoelectric Sensors
  • Piezoelectric Actuators
  • Piezoelectric Motors
  • Piezoelectric Generators
  • Piezoelectric Transducers
  • Others (piezoelectric transformers and resonators)

Piezoelectric Devices Market, by Material:

  • Piezocrystal
  • Piezoceramics
  • Piezopolymer
  • Piezocomposite

Piezoelectric Devices Market, by Application:

  • Industrial & Manufacturing
  • Medical
  • Automotive
  • Information & Communication
  • Consumer Goods
  • Others (power generation and musical instruments)

Piezoelectric Devices Market, by Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe (Sweden, Turkey, Portugal, Austria, and Denmark)
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Rest of APAC (India, Sri Lanka, and Malaysia)
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Major Market Developments

  1. In February 2019, CTS Corporation (U.S.) introduced piezoelectric curved shape component in the market. This curved shape component is widely used for ultrasonic underwater devices and ultrasonic medical transducers.
  2. In October 2018, Harris Corporation (Florida, US) and L3 Technologies (New York, US) underwent a merger. The combined company, L3 Harris Technologies, Inc., will be the 6th largest defense company in the U.S. and a top 10 defense company globally. The merger was done to expand the global reach of the company and to cater end-to-end solutions across all domains such as air, sea, land, and space.
  3. In June 2016, Physik Instrumente (Germany) introduced N-565 Linear Stage Series with Piezomotor. The N-565 Linear Stage Series uses piezoelectric stepping drives to provide a high precision up to a distance range of 52 mm. It is used for positioning applications such as optics or mechanical components in microscopy, in the semiconductor industry for laser set-ups.
  4. In March 2016, CTS Corporation (U.S.) announced the acquisition of CTG Advanced Materials, LLC (U.S.) for USD 73 million in cash. CTG-AM, formerly operated as H.C. Materials, is the market’s leading designer and manufacturer of single-crystal piezoelectric materials, serving major OEMs throughout the medical marketplace. These materials enable high-definition ultrasound imaging (3D and 4D), as well as intravascular ultrasound technology. Other applications for these materials include wireless pacemakers and implantable hearing aids, among others.

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming trends in the piezoelectric devices market market?
  • What are the opportunities for the existing players as well as for those players who are planning to enter various stages of the value chain of the piezoelectric devices market?
  • How will inorganic growth strategies implemented by key players impact the growth of the piezoelectric devices market, and who will have the undue advantage?
  • What are the emerging applications of the piezoelectric devices market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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 Piezoelectric Device 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 Device 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 Device Market for Piezoelectric Sensors in North America, By Country, 2013–2022 (USD Million)
Table 8 Piezoelectric Devices 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 Market for Piezoelectric Actuators, By Application, 2013–2022 (USD Billion)
Table 11 Market for Piezoelectric Actuators, By Material, 2013–2022 (USD Billion)
Table 12 Market for Piezoelectric Actuators, By Region, 2013–2022 (USD Billion)
Table 13 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 Market for Piezoelectric Motors, By Application, 2013–2022 (USD Billion)
Table 17 Market for Piezoelectric Motors, By Material, 2013–2022 (USD Billion)
Table 18 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 Market for Piezoelectric Motors in APAC, By Country, 2013–2022 (USD Billion)
Table 22 Market for Piezoelectric Transducers, By Application, 2013–2022 (USD Billion)
Table 23 Market for Piezoelectric Transducers, By Material, 2013–2022 (USD Billion)
Table 24 Market for Piezoelectric Transducers, By Region, 2013–2022 (USD Billion)
Table 25 Market for Piezoelectric Transducers in North America, By Country, 2013–2022 (USD Billion)
Table 26 Market for Piezoelectric Transducers in Europe, By Country, 2013–2022 (USD Billion)
Table 27 Market for Piezoelectric Transducers in APAC, By Country, 2013–2022 (USD Billion)
Table 28 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 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 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 Piezoelectric Devices 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 Devices Market, By Region, 2013–2022 (USD Billion)
Table 53 Piezoelectric Devices Market in North America, By Country, 2013–2022 (USD Billion)
Table 54 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 Market in Europe, By Country, 2013–2022 (USD Billion)
Table 57 Market in Europe, By Product, 2013–2022 (USD Billion)
Table 58 Market in Europe, By Material, 2013–2022 (USD Billion)
Table 59 Market in Asia-Pacific, By Country, 2013–2022 (USD Billion)
Table 60 Market in Asia-Pacific, By Product, 2013–2022 (USD Billion)
Table 61 Market in Asia-Pacific, By Material, 2013–2022 (USD Billion)
Table 62 Market in RoW, By Product, 2013–2022 (USD Billion)
Table 63 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 Piezoelectric Devices Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Piezoelectric Devices 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 Devices 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 Devices 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 Market: Threat of New Entrants
Figure 21 Piezoelectric Device Market: Threat of Substitutes
Figure 22 Market: Bargaining Power of Suppliers
Figure 23 Market: Bargaining Power of Buyers
Figure 24 Piezoelectric Devices 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

The study involved four major activities for estimating the size of the piezoelectric device market. Exhaustive secondary research was carried out to collect information relevant to the market, the peer market, and the parent market. Primary research was undertaken to validate these findings, assumptions, and sizing with the industry experts across the value chain of the piezoelectric device market. Both top-down and bottom-up approaches were employed to estimate the complete market size. These were followed by the market breakdown and data triangulation methods that were used to estimate the size of different segments and subsegments of the market.

Secondary Research

The research methodology used to estimate and forecast the size of the piezoelectric device market began with capturing data related to revenues of key vendors in the market through secondary research. This study involved the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the piezoelectric device market. Vendor offerings were taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors, directories, and databases.

Primary Research

The piezoelectric device market comprises several stakeholders such as suppliers of standard components and original equipment manufacturers (OEMs). The demand side of this market is characterized by the development and manufacture of piezoelectric device as well as by different applications. The supply side is characterized by advancements carried out in different piezoelectric device such as piezoelectric actuators and sensors. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Piezoelectric Devices Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the piezoelectric device market and its segments. The research methodology used to estimate the market size included the following:

  • Key players in the market were identified through extensive secondary research.
  • The supply chain of the manufacturing industry and the size of the piezoelectric device market, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.

Research Objectives

  • To define, describe, and forecast the global piezoelectric device market segmented on the basis of material, product, application (excluding aerospace and defense), and geography
  • To forecast the market size in terms of value for various segments with regard to the following regions: North America, Europe, Asia-Pacific, and RoW
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total 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 and comprehensively analyze their market rankings and core competencies2, along with detailing the competitive landscape for the market leaders
  • To track and analyze competitive developments such as joint ventures, mergers and acquisitions, new product developments, and research and development in the global piezoelectric device market

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Critical Questions

  • What are new application areas being explored by the providers of piezoelectric devices?
  • Who are the key players in the piezoelectric device market, and how intense is the competition in this market?
Report Code
SE 3950
Published ON
Nov, 2019
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