Piezoelectric Devices Market

Piezoelectric Devices Market with COVID-19 Impact Analysis by Material (Piezoelectric Ceramics, Polymers), Product (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer), and Region - Global Forecast to 2026

Report Code: SE 3950 Jun, 2021, by marketsandmarkets.com

[319 Pages Report] The global piezoelectric devices market is projected to reach USD 35.4 billion by 2026 from an estimated USD 28.7 billion in 2021, at a CAGR of 4.3% from 2021 to 2026. Surging need for high-performance sensors witnessed by aerospace industry and rising adoption of piezoelectric energy harvesting mechanism are among the factors driving the growth of the piezoelectric devices market.

Piezoelectric Devices Market

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COVID-19 Impact on the Global Piezoelectric Devices  Market

The outbreak and the spread of the COVID-19 had a negative effect on the piezoelectric devices market in 2020, resulting in decreased shipments of piezoelectric devices. This resulted in the declined revenues generated from them. As a result, a dip was witnessed in the growth trend of the market during the first half of 2020. This trend continued to prevail till the first quarter of 2021. The demand for piezoelectric materials and devices is expected to surge with the rise in the production volume and the spike in demand for automobiles, electronic devices, industrial machines, etc., in the third quarter of 2021.

Market Dynamics:

Driver: Surging need for high-performance sensors witnessed by aerospace industry

Players from the aerospace industry are often engaged in the manufacturing, selling, and servicing of commercial aircraft, space vehicles, and satellites. The industry requires advanced and improved solutions to increase the efficiency, durability, and performance of aircraft, planes, helicopters, submarines, etc. Piezoelectric polymers are used in the aerospace industry owing to their high mechanical strength, low weight, easy and fast processing, thermal and chemical stability, and excellent wear resistance. They also possess outstanding sensing characteristics and can be used to determine the integrity of aircraft structures. Therefore, polymer materials can be employed as supporting media in optical sensors to form an integrated vehicle health system, providing updates on the condition of vehicular components, subsystems, and structures. Such systems can be passive, wherein the sensors detect the changes in strain distribution, with signals interpreted through an algorithm, or they can be active, wherein a piezoelectric actuator is mounted on a polymer matrix composite material surface with responding sensors embedded in it. These sensors identify and evaluate anomalies and damage indicators and predict the occurrence of vehicle failure in advance. Thus, the self-powered, next-generation sensing systems play a vital role in detecting the impact damage in different types of vehicles.

Piezoelectric ceramic-, crystal-, and composite-based piezoelectric devices, such as piezoelectric sensors, actuators, motors, transducers, and generators, find applications in the aerospace industry. They are widely used in morphing and flapping components in aircraft wings, active damping of high-frequency vibrations in the mechanical structure, health monitoring systems, and designing compact seekers in missiles. Further, piezoelectric sensors, such as high-temperature sensors, pressure sensors, ultrasonic sensors, and flow sensors, offer help improve fuel efficiency, reduce fuel consumption, minimize carbon emissions, and bring down the maintenance cost and system failure rate. Also, low-frequency MEMS vibration sensors are used to monitor low-power missile health. Additionally, piezoelectric sensors are used to test different components of satellites. Thus, the aerospace industry demands next-generation sensing systems for improved safety and reliability of aircraft structures and reduction in operational cost. Owing to rapid technological advances in the aerospace industry, the demand for piezoelectric devices is expected to increase during the forecast period.

Restraint: Stringent government policies that mandate utilization of lead-free piezoelectric materials

Piezoelectric ceramic materials without having lead oxide (PbO) in their composition are called lead-free piezoelectric ceramic materials. Lead zirconate titanate (PZT) is a core piezoelectric ceramic material, which is mainly used in various applications. According to the Restriction of Hazardous Substances (RoHS) directives by the European Union (EU), the application of PZT material should be restricted to avoid its negative impact on the environment. According to the World Health Organization, lead is a toxic metal, which has severe effects on human health, especially on young children. It can have an adverse impact on the brain, bones, blood, liver, teeth, and kidneys. Moreover, when a lead is released in the air through industrial sources and aircraft engines, it travels long distances before settling to the ground, where it usually settles on soil particles. Hence, the governments of various countries have imposed tight regulations on the consumption of lead and lead-based devices. They are focused on replacing lead-based materials with biocompatible and eco-friendly alternatives.

Many government regulations have been passed in response to this demand; for example, the European Union includes End-of-life Vehicles (ELV) in 2003, the Restriction of Hazardous Substances (RoHS) directives in Europe and China, Waste from Electrical and Electronic Equipment (WEEE) in 2004, and The European RoHS directive (2006) restrict the use of hazardous substances in electrical and electronic equipment, including lead (Pb). Regulations are in place to restrict the use of lead in commercial products, and these are expected to become even stricter in the future. In December 2019, an exemption extension application was submitted under the Umbrella Project, a European initiative supported by many suppliers and end users of lead (Pb) in ceramics, glass, and electronic equipment in both Japanese and European organizations, requesting the exemption for lead (Pb) in these materials be extended through 2026. However, it is still unknown at this time if exemption 7-C will be extended or if electronic equipment containing lead (Pb) can be sold in the European market after July 2021. Thus, the strictness pertaining to the use of lead and the production of lead-free piezoelectric materials to replace PZT are the major factors affecting the growth of the piezoelectric devices market as conducting research on lead-free materials is not only time-consuming but also requires huge capital.

Opportunity: Promising newer applications of piezoelectric polymers in piezoelectric actuators and motors

A piezoelectric motor generates motion when a piezoelectric material changes its shape due to an electric field. Piezoelectric motors offer several advantages, such as high speed, high resistance to external forces such as shocks and vibrations, compact size, high energy efficiency, simple and non-magnetic design, high resolution, long lifespan, high compatibility with adverse environmental conditions, such as humid, extremely hot, and cryogenic environment; high precision; and the ability of self-locking in the rest position. Moreover, piezoelectric motors are intrinsically vacuum-compatible and lightweight and provide greater force and torque than electromagnetic motors. Such motors are used in various applications, such as digital cameras for autofocus, zooming, and optical image stabilization; micro and nano-positioning; and medical catheter placement. Piezoelectric polymers have attracted enormous attention due to their high energy efficiency for applications in low-weight piezoelectric motors.

PVDF-based piezopolymer actuators are used for controlling the surface accuracy of a membrane reflector. A lightweight actuator can be used in space for active vibration isolation and replace heavy electromagnetic systems; these are optimized for the vibrations in space shuttles. Actuators can also be used in membrane pumps for microfluidic lab-on-a-chip (LOC) systems. Inkjet-printed piezoelectric polymer actuators are based on PVDF-TrFE.

Challenge: Building effective inventory management system and space utilization due to rapid technological changes

In the near future, advancements in piezoelectric wafers are expected to play a pivotal role in the non-destructive evaluation (NDE) of aircraft structures in aerospace & defense industrial fields. Structural health monitoring (SHM) for integrated vehicle health monitoring (IVHM) requires small, lightweight, and minimally invasive sensors, which can be integrated with or mounted on the surface of structures. Also, they should be capable enough to scan and identify defects and emerging damages in these structures. Especially, for the NDE of thin-wall structures, piezoelectric wafers seem promising for Lamb wave excitation and sensing. Incidentally, piezoelectric wafers are normally required in large numbers for NDE of structures, and it is proven as cost-effective technology; hence, making such wafers is the need of the hour. Though the standard tape casting (doctor blade) technique is expected to serve the purpose, some typical problems that arise during the fabrication of PZT-based wafers need to be sorted so that high-performance wafers can be produced. Such problems are quite alarming in the present case as the effective exposed surface of a single-layer wafer is much higher than that of a bulk or stacked multilayer wafer. There have been rapid advancements in the testing and measurement of piezoelectric sensors. Frequently changing technology in this industry causes the inventory obsolescence of many types of test and measurement equipment, including electrical and optical products. Managing the extra and obsolete inventory has become a growing problem for test and measurement manufacturers. Experts from various industries believe the cost of these obsolete equipment contributes largely to the total inventory cost and unnecessarily occupies the warehouse space, which poses a major challenge and affects the growth of the piezoelectric devices market.

The piezoelectric actuators segment held the major share of the piezoelectric devices market, in 2020.

In 2020, piezoelectric actuators held the largest share of the piezoelectric devices market, and a similar trend is likely to be observed during the forecast period. The growth of this market can be attributed to the increasing adoption of piezoelectric actuators in automotive, aerospace and defense, electronics and semiconductor, biomedical, optics, photonics, scientific instrumentation, telecommunications, ultrasonic machine control, and metrology applications that require precise position control; for example, in an industrial environment, they are used in the ultrafine-movement stage of semiconductor exposure systems, precision positioning probes, and probes for scanning tunnel microscopy (STM) and atomic force microscopy (AFM). In addition, they are used in several consumer electronic devices, such as smartphones and wearables, to perform autofocus and zooming camera operations, as well as in haptic feedback systems. Furthermore, piezoelectric actuators are also used in fine instruments, robotic missions, microsatellites, and unmanned aerial vehicles (UAVs) as they offer high energy density and support the high power requirements of these instruments.

The market for piezoelectric polymers is expected to grow at the highest CAGR during the forecast period

The market for piezoelectric polymers is expected to grow at the highest CAGR during the forecast period. The growth is attributed to their various features, such as broad resonance bandwidth, low acoustic impedance, low fabrication cost, lightweight, fast processing speed, as well as their rapid adoption in healthcare applications. Among piezoelectric polymers, polyvinylidene fluoride (PVDF) is a pure thermoplastic fluoropolymer, which is usually the preferred material due to its low cost, highly non-reactive properties, super-sensitivity to pressure, and strong compliance with government regulations such as restricted material mandates under Reduction of Hazardous Substances (RoHS).

The healthcare segment of the piezoelectric devices market is projected to grow at the highest CAGR from 2021 to 2026

Piezoelectric technology is the foundation of ultrasonic medical devices including ultrasound scanners, dental scalers, and ultrasonic surgical tools. Miniature piezoelectric actuators and pumps are used extensively by lab and medical pumping and dosing equipment due to their precise, repeatable, and reliable fluid dispensing control. Also, the piezoelectric actuator is preferred in magnetic resonance imaging (MRI) systems as the actuator movement does not produce magnetic fields, and MRI cooling equipment can be moved in-room with the MRI machine, simplifying installation and reducing required floor space. Piezoelectric actuators and devices provide the extreme precision required in many medical applications. Owing to all these reasons, the healthcare application is expected to record the highest CAGR in the piezoelectric devices market during the forecast period.

Piezoelectric Devices Market by Region

APAC held the largest share of the piezoelectric devices market in 2020

APAC is projected to dominate the piezoelectric devices market during the forecast period. APAC is home to major producers of piezoelectric ceramics, crystals, as well as various piezoelectric products. Countries such as China and Japan are the major contributors to this region and together account for the largest share of the total piezoelectric devices market share in APAC. The growth of the piezoelectric devices market in this region is attributed to the increasing government initiatives for expanding the manufacturing sector in developing countries and growing awareness regarding the adoption of energy harvesting systems to safeguard natural resources and reduce excess energy consumption, rising foreign investments in the industrial and manufacturing sector, growing population, along with the prominent existence of several manufacturing facilities of piezoelectric devices, low cost of piezoelectric devices, and rapid technological advancements in emerging markets. Apart from this, the increasing use of piezoelectric materials and elements in consumer electronics and China and Japan being major producers of consumer electronics, the region is likely to be the fastest-growing market in the coming years. Moreover, the growing demand for automobiles witnessed by the region also creates the escalated demand for piezoelectric sensors and actuators.

Key Market Players

L3HARRIS TECHNOLOGIES, INC. (US); CeramTec GmbH (Germany); CTS Corporation (US); Kistler Group (Switzerland); Physik Instrumente (PI) GmbH & Co. KG. (Germany); piezosystem jena GmbH (Germany); Piezo Technologies (US); Aerotech Inc. (US); APC International, Ltd., (US); Mad City Labs, Inc. (US) are some of the key players in the piezoelectric devices market.

Scope of the report

Report Metric

Details

Market Size Availability for Years

2017–2026

Base Year

2020

Forecast Period

2021–2026

Forecast Units

Value (USD)

Segments Covered

By product, material, application, and region

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

L3HARRIS TECHNOLOGIES, INC. (US); CeramTec GmbH (Germany); CTS Corporation (US); Kistler Group (Switzerland); Physik Instrumente (PI) GmbH & Co. KG. (Germany); piezosystem jena GmbH (Germany); Piezo Technologies (US); Aerotech Inc. (US); APC International, Ltd., (US); Mad City Labs, Inc. (US) are some of the key players in the piezoelectric devices market.
A total of 25 players are covered.

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

Based on product:

  • Piezoelectric Sensors
  • Piezoelectric Actuators
    • Stack Actuators
    • Strip Actuators
    • Shear Actuators
    • Tube Actuators
  • Piezoelectric Motors
  • Piezoelectric Generators
  • Piezoelectric Transducers
  • Others

Note: Other products include piezoelectric transformers and resonators

Based on material

  • Piezoelectric Crystals
  • Piezoelectric Ceramics
  • Piezoelectric Polymers
  • Piezoelectric Composites

Based on application:

  • Aerospace and Defense
  • Industrial and Manufacturing
  • Automotive
  • Healthcare
    • Imaging Devices
    • Diagnostic Equipment
    • Surgical Tools
  • Information and Communication
  • Consumer Electronics
  • Others

Note: Other applications include power generation and musical instruments.

Based on element:

  • Piezoelectric Discs
  • Piezoelectric Rings
  • Piezoelectric Plates

Operation modes of piezoelectric devices:

  • Direct Piezoelectric Effect
  • Converse Piezoelectric Effect

Based on region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • Rest of APAC
  • Rest of the world
    • Middle East and Africa
    • South America

Recent Developments

  • In 2021 May, Kistler Group (Switzerland) expanded its range of smart accessory equipment to ensure that piezoelectric sensors can be perfectly and securely positioned in any individual measuring system. Adapters, connector extenders, and special reamers ensure that sensors are snugly placed into the right position and transmit signals perfectly.
  • In 2021 March, CeramTec GmbH (Germany) developed high-power ultrasonic surgery transducers for different medical applications. Ultrasonic transducers offer several benefits over traditional techniques, including increased safety, higher precision, faster healing, and more comfort for patients.
  • In 2021 February, CTS Corporation, along with its strategic partner called Entekno Materials based in Turkey, secured funding from Eurostars to develop environmentally friendly lead-free piezoelectric ceramic material. Eurostars is an EU-funded grant system for selected innovative product development, and it only funds the projects with high commercial impact. In this, CTS Corporation will co-develop a class of lead-free piezoelectric ceramics that can potentially be a drop-in replacement for current lead-based systems.
  • In 2020 November, CeramTec GmbH (Germany) expanded its existing production capabilities to meet the rising demand for high-quality piezoelectric elements and materials. The internationally operating company with sites in Europe, the UK, the US, and Asia has invested in two additional machinery units at its Piezoceramic Centre of Excellence in Lauf, Germany, which further multiply existing high-volume manufacturing capabilities for piezoceramic components, such as discs, rings, and tubes, as well as increase automation.
  • In 2019 June, Harris Corporation (US) and L3 Technologies (US) merged to form a new military technology company named L3HARRIS TECHNOLOGIES, INC. This merger is one of the largest mergers in the defense industry. It was carried out to increase the global customer base by serving different industries and stay dominant in the market.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION & SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 44)
    2.1 RESEARCH DATA
           FIGURE 1 PIEZOELECTRIC DEVICES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
    2.2 FACTOR ANALYSIS
           FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF PIEZOELECTRIC DEVICES
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR ONE COMPANY IN PIEZOELECTRIC DEVICES MARKET
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR PIEZOELECTRIC DEVICES AND MATERIALS IN DIFFERENT APPLICATIONS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach for obtaining market share using bottom-up analysis (demand side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach for obtaining market share using top-down analysis (supply side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.5.1 ASSUMPTIONS 
           2.5.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 57)
    3.1 IMPACT OF COVID-19 ON PIEZOELECTRIC DEVICES MARKET
           FIGURE 8 GLOBAL PROPAGATION OF COVID-19
           TABLE 1 RECOVERY SCENARIOS FOR GLOBAL ECONOMY
    3.2 REALISTIC SCENARIO
    3.3 OPTIMISTIC SCENARIO
    3.4 PESSIMISTIC SCENARIO
           FIGURE 9 GROWTH PROJECTIONS OF PIEZOELECTRIC DEVICES MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
           FIGURE 10 PRE- AND POST-COVID-19 SCENARIOS OF PIEZOELECTRIC DEVICES MARKET
           FIGURE 11 PIEZOELECTRIC GENERATORS TO EXHIBIT HIGHEST CAGR IN PIEZOELECTRIC DEVICES MARKET, BY PRODUCT, DURING FORECAST PERIOD
           FIGURE 12 PIEZOELECTRIC CERAMICS TO HOLD MAJOR SIZE OF PIEZOELECTRIC DEVICES MARKET, BY MATERIAL, IN 2021
           FIGURE 13 HEALTHCARE APPLICATION TO WITNESS HIGHEST CAGR IN PIEZOELECTRIC DEVICES MARKET DURING 2021–2026
           FIGURE 14 APAC WOULD BE FASTEST-GROWING MARKET FOR PIEZOELECTRIC DEVICES DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 65)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN PIEZOELECTRIC DEVICES MARKET
           FIGURE 15 RAPID URBANIZATION AND DIGITALIZATION TO FUEL PIEZOELECTRIC DEVICES MARKET GROWTH DURING FORECAST PERIOD
    4.2 PIEZOELECTRIC DEVICES MARKET, BY PRODUCT AND MATERIAL
           FIGURE 16 PIEZOELECTRIC ACTUATORS AND CERAMICS TO BE LARGEST SHAREHOLDERS IN GLOBAL PIEZOELECTRIC DEVICES MARKET, BY PRODUCT AND MATERIAL, RESPECTIVELY, IN 2026
    4.3 PIEZOELECTRIC DEVICES MARKET, BY APPLICATION
           FIGURE 17 AEROSPACE AND DEFENSE TO ACCOUNT FOR LARGEST SIZE OF PIEZOELECTRIC DEVICES MARKET IN 2026
    4.4 PIEZOELECTRIC DEVICES MARKET, BY COUNTRY
           FIGURE 18 CHINA TO RECORD HIGHEST CAGR IN GLOBAL PIEZOELECTRIC DEVICES MARKET DURING FORECAST PERIOD
    4.5 PIEZOELECTRIC DEVICES MARKET, BY REGION
           FIGURE 19 APAC TO CAPTURE LARGEST SHARE OF GLOBAL PIEZOELECTRIC DEVICES MARKET IN 2026

5 MARKET OVERVIEW (Page No. - 69)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 PIEZOELECTRIC DEVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Surging need for high-performance sensors witnessed by aerospace industry
                    5.2.1.2 Growing use of polymer-based piezoelectric transducers and sensors in acoustic devices, printers, connectivity solutions, etc.
                    5.2.1.3 Rising adoption of piezoelectric energy harvesting mechanism
                    5.2.1.4 Escalating demand for piezoelectric polymers due to increasing investments in renewable energy projects
                               FIGURE 21 INVESTMENTS IN RENEWABLE POWER GENERATION, BY ENERGY SOURCE, 2012–2020 (USD BILLION)
           5.2.2 COVID-19-DRIVEN DRIVERS
                    5.2.2.1 Growing use of piezo components in intensive care devices that find applications in medical treatments during COVID-19
                               FIGURE 22 PIEZOELECTRIC DEVICES MARKET DRIVERS AND THEIR IMPACT
           5.2.3 RESTRAINTS
                    5.2.3.1 High cost of texture ceramic materials
                    5.2.3.2 Stringent government policies that mandate utilization of lead-free piezoelectric materials
                               FIGURE 23 PIEZOELECTRIC DEVICES MARKET RESTRAINTS AND THEIR IMPACT
           5.2.4 OPPORTUNITIES
                    5.2.4.1 Promising newer applications of piezoelectric polymers in piezoelectric actuators and motors
                    5.2.4.2 Rising need for piezoelectric polymers in biomedical devices
                    5.2.4.3 Growing use of piezoelectric polymers in hydrophones
                    5.2.4.4 Rising demand for polymer-based piezoelectric sensors and films in aerospace, nuclear instrumentation, consumer electronics, among others
                    5.2.4.5 Increasing use of polymer-based piezoelectric sensors in various healthcare applications
                               FIGURE 24 PIEZOELECTRIC DEVICES MARKET OPPORTUNITIES AND THEIR IMPACT
           5.2.5 CHALLENGES
                    5.2.5.1 Developing alternative to PZT having similar properties to conventional lead-based ceramic materials
                    5.2.5.2 Building effective inventory management system and space utilization due to rapid technological changes
                               FIGURE 25 PIEZOELECTRIC DEVICES MARKET CHALLENGES AND THEIR IMPACT
    5.3 SUPPLY CHAIN ANALYSIS
           FIGURE 26 SUPPLY CHAIN OF PIEZOELECTRIC DEVICES MARKET
    5.4 TRENDS/DISRUPTIONS IMPACTING BUSINESS OF MARKET PLAYERS AND RAW MATERIAL SUPPLIERS
           5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PIEZOELECTRIC DEVICES MARKET PLAYERS
                    FIGURE 27 REVENUE SHIFT IN PIEZOELECTRIC DEVICES MARKET
    5.5 PIEZOELECTRIC DEVICES ECOSYSTEM
           FIGURE 28 ECOSYSTEM OF PIEZOELECTRIC DEVICES
           TABLE 2 LIST OF ORIGINAL EQUIPMENT MANUFACTURERS, SUPPLIERS, AND DISTRIBUTORS OF PIEZOELECTRIC DEVICES
    5.6 PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 PIEZOELECTRIC DEVICES MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 29 PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITIVE RIVALRY
    5.7 CASE STUDY
           5.7.1 LARGE OEM REPLACED SOLENOIDS IN PNEUMATIC VALVES WITH PACKAGED PIEZOS
           5.7.2 ARMSTRONG INTERNATIONAL MANAGED TO EXCEED SALES OF STEAM TRAP TESTING TOOL BY 250% OWING TO USE OF PIEZOELECTRIC ACOUSTIC SENSORS
           5.7.3 CLUB WATT IN ROTTERDAM ADOPTED PIEZOELECTRIC TECHNOLOGY FOR DANCE FLOOR TO GENERATE ELECTRICITY
           5.7.4 PAVEGEN INSTALLED ARTIFICIAL TURFS WITH PLATES IN LAGOS, NIGERIA
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 KEY TECHNOLOGY
                    5.8.1.1 MEMS technology
           5.8.2 ADJACENT TECHNOLOGY
                    5.8.2.1 Pyroelectric technology
    5.9 AVERAGE SELLING PRICE ANALYSIS
           TABLE 4 AVERAGE SELLING PRICES OF PIEZOELECTRIC PRODUCTS AND ELEMENTS
    5.1 TRADE ANALYSIS
           5.10.1 IMPORT SCENARIO
                     TABLE 5 IMPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)
           5.10.2 EXPORT SCENARIO
                     TABLE 6 EXPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)
    5.11 PATENT ANALYSIS, 2015–2020
           FIGURE 30 PATENTS GRANTED WORLDWIDE FROM 2011 TO 2021
           TABLE 7 TOP 20 PATENT OWNERS IN US FROM 2011 TO 2021
           FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS FROM 2011 TO 2021
    5.12 TARIFFS AND REGULATIONS
           5.12.1 TARIFFS
           5.12.2 REGULATORY COMPLIANCE
                    5.12.2.1 Regulations
                    5.12.2.2 Standards

6 PIEZOELECTRIC DEVICES MARKET, BY PRODUCT (Page No. - 103)
    6.1 INTRODUCTION
           FIGURE 32 PIEZOELECTRIC DEVICES MARKET, BY PRODUCT
           FIGURE 33 PIEZOELECTRIC ACTUATORS TO ACCOUNT FOR LARGEST SIZE OF PIEZOELECTRIC DEVICES MARKET IN 2026
           TABLE 8 PIEZOELECTRIC DEVICES MARKET, BY PRODUCT, 2017–2020 (USD BILLION)
           TABLE 9 PIEZOELECTRIC DEVICES MARKET, BY PRODUCT, 2021–2026 (USD BILLION)
           TABLE 10 PIEZOELECTRIC DEVICES MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2020
           TABLE 11 PIEZOELECTRIC DEVICES MARKET, IN TERMS OF VALUE AND VOLUME, 2021–2026
    6.2 PIEZOELECTRIC SENSORS
           6.2.1 PIEZOELECTRIC SENSORS ARE USED IN STRUCTURAL AND VEHICLE DYNAMICS, AS WELL AS IN LOW-POWER APPLICATIONS
                    TABLE 12 PIEZOELECTRIC SENSORS MARKET, BY MATERIAL, 2017–2020 (USD MILLION)
                    TABLE 13 PIEZOELECTRIC SENSORS MARKET, BY MATERIAL, 2021–2026 (USD MILLION)
                    FIGURE 34 AEROSPACE AND DEFENSE APPLICATION TO CAPTURE LARGEST SIZE OF PIEZOELECTRIC SENSORS MARKET IN 2021
                    TABLE 14 PIEZOELECTRIC SENSORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 15 PIEZOELECTRIC SENSORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 16 PIEZOELECTRIC SENSORS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 17 PIEZOELECTRIC SENSORS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 18 PIEZOELECTRIC SENSORS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 19 PIEZOELECTRIC SENSORS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    FIGURE 35 APAC TO LEAD PIEZOELECTRIC SENSORS MARKET FOR AUTOMOTIVE APPLICATION DURING FORECAST PERIOD
                    TABLE 20 PIEZOELECTRIC SENSORS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 21 PIEZOELECTRIC SENSORS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 22 PIEZOELECTRIC SENSORS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 23 PIEZOELECTRIC SENSORS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 24 PIEZOELECTRIC SENSORS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 25 PIEZOELECTRIC SENSORS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 26 PIEZOELECTRIC SENSORS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 27 PIEZOELECTRIC SENSORS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 28 PIEZOELECTRIC SENSORS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 29 PIEZOELECTRIC SENSORS MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD THOUSAND)
    6.3 PIEZOELECTRIC ACTUATORS
           6.3.1 PIEZOELECTRIC ACTUATORS PLAY SIGNIFICANT ROLE IN AEROSPACE & DEFENSE AND HEALTHCARE APPLICATIONS 
           6.3.2 STACK ACTUATORS
                    6.3.2.1 Stack actuators provide high load-bearing capability
                              FIGURE 36 STACK ACTUATORS
           6.3.3 STRIPE ACTUATORS
                    6.3.3.1 Stripe actuators are designed to produce comparatively large mechanical deflection in response to electrical signals
                               FIGURE 37 STRIPE ACTUATORS
           6.3.4 SHEAR ACTUATORS
                    6.3.4.1 Shear actuators are extremely compact in size and allow subnanometer resolution, high-speed response times, higher resonant frequencies, and high-positioning forces
           FIGURE 38 SHEAR ACTUATORS
           6.3.5 TUBE ACTUATORS
                    6.3.5.1 Tube actuators are commonly used in high-precision instruments
                               FIGURE 39 TUBE ACTUATORS
                               TABLE 30 PIEZOELECTRIC ACTUATORS MARKET, BY MATERIAL, 2017–2020 (USD MILLION)
                               TABLE 31 PIEZOELECTRIC ACTUATORS MARKET, BY MATERIAL, 2021–2026 (USD MILLION)
                               FIGURE 40 AEROSPACE AND DEFENSE APPLICATION TO HOLD LARGEST SIZE OF PIEZOELECTRIC ACTUATORS MARKET IN 2026
                               TABLE 32 PIEZOELECTRIC ACTUATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 33 PIEZOELECTRIC ACTUATORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 34 PIEZOELECTRIC ACTUATORS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 35 PIEZOELECTRIC ACTUATORS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 36 PIEZOELECTRIC ACTUATORS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 37 PIEZOELECTRIC ACTUATORS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 38 PIEZOELECTRIC ACTUATORS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 39 PIEZOELECTRIC ACTUATORS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 40 PIEZOELECTRIC ACTUATORS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 41 PIEZOELECTRIC ACTUATORS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 42 PIEZOELECTRIC ACTUATORS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 43 PIEZOELECTRIC ACTUATORS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)
           FIGURE 41 APAC TO COMMAND PIEZOELECTRIC ACTUATORS MARKET FOR CONSUMER ELECTRONICS APPLICATION DURING 2021–2026
                               TABLE 44 PIEZOELECTRIC ACTUATORS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 45 PIEZOELECTRIC ACTUATORS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 46 PIEZOELECTRIC ACTUATORS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 47 PIEZOELECTRIC ACTUATORS MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
    6.4 PIEZOELECTRIC MOTORS
           6.4.1 PIEZOELECTRIC MOTORS ARE HIGHLY EFFICIENT AND PROVIDE GREATER FORCE AND TORQUE
                    TABLE 48 PIEZOELECTRIC MOTORS MARKET, BY MATERIAL, 2017–2020 (USD MILLION)
                    TABLE 49 PIEZOELECTRIC MOTORS MARKET, BY MATERIAL, 2021–2026 (USD MILLION)
                    FIGURE 42 PIEZOELECTRIC MOTORS MARKET FOR HEALTHCARE APPLICATION TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
                    TABLE 50 PIEZOELECTRIC MOTORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 51 PIEZOELECTRIC MOTORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 52 PIEZOELECTRIC MOTORS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 53 PIEZOELECTRIC MOTORS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 54 PIEZOELECTRIC MOTORS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 55 PIEZOELECTRIC MOTORS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 56 PIEZOELECTRIC MOTORS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 57 PIEZOELECTRIC MOTORS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
                    FIGURE 43 APAC TO DOMINATE PIEZOELECTRIC MOTORS MARKET FOR HEALTHCARE APPLICATION THROUGHOUT FORECAST PERIOD
                    TABLE 58 PIEZOELECTRIC MOTORS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 59 PIEZOELECTRIC MOTORS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 60 PIEZOELECTRIC MOTORS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 61 PIEZOELECTRIC MOTORS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 62 PIEZOELECTRIC MOTORS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 63 PIEZOELECTRIC MOTORS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 64 PIEZOELECTRIC MOTORS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 65 PIEZOELECTRIC MOTORS MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD THOUSAND)
    6.5 PIEZOELECTRIC GENERATORS
           6.5.1 PIEZOELECTRIC GENERATORS ARE CAPABLE OF PRODUCING HIGH-VOLTAGE OUTPUTS AND LOW ELECTRICAL CURRENTS
           6.5.2 SINGLE-LAYER PIEZOELECTRIC GENERATORS
                    6.5.2.1 Single-layer piezoelectric generators are used in push buttons of cigarette lighters and gas barbecue (BBQ) grills
           6.5.3 MULTILAYER PIEZOELECTRIC GENERATORS
                    6.5.3.1 Multilayer piezoelectric generators are excellent solid-state batteries for electronic circuits
                               TABLE 66 PIEZOELECTRIC GENERATORS MARKET, BY MATERIAL, 2017–2020 (USD MILLION)
                               TABLE 67 PIEZOELECTRIC GENERATORS MARKET, BY MATERIAL, 2021–2026 (USD MILLION)
                               FIGURE 44 CONSUMER ELECTRONICS APPLICATION TO ACCOUNT FOR LARGEST MARKET SIZE IN PIEZOELECTRIC GENERATORS MARKET IN 2021
                               TABLE 68 PIEZOELECTRIC GENERATORS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 69 PIEZOELECTRIC GENERATORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                               TABLE 70 PIEZOELECTRIC GENERATORS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 71 PIEZOELECTRIC GENERATORS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 72 PIEZOELECTRIC GENERATORS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
                               TABLE 73 PIEZOELECTRIC GENERATORS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
                               TABLE 74 PIEZOELECTRIC GENERATORS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
                               TABLE 75 PIEZOELECTRIC GENERATORS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
                               TABLE 76 PIEZOELECTRIC GENERATORS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 77 PIEZOELECTRIC GENERATORS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 78 PIEZOELECTRIC GENERATORS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
                               TABLE 79 PIEZOELECTRIC GENERATORS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
                               TABLE 80 PIEZOELECTRIC GENERATORS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 81 PIEZOELECTRIC GENERATORS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 82 PIEZOELECTRIC GENERATORS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 83 PIEZOELECTRIC GENERATORS MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
    6.6 PIEZOELECTRIC TRANSDUCERS
           6.6.1 PIEZOELECTRIC TRANSDUCERS OFFER COMBINED PROPERTIES OF SENSORS AND ACTUATORS
                    FIGURE 45 PIEZOELECTRIC COMPOSITES TO EXHIBIT HIGHEST CAGR IN PIEZOELECTRIC TRANSDUCERS MARKET FROM 2021 TO 2026
                    TABLE 84 PIEZOELECTRIC TRANSDUCERS MARKET, BY MATERIAL, 2017–2020 (USD MILLION)
                    TABLE 85 PIEZOELECTRIC TRANSDUCERS MARKET, BY MATERIAL, 2021–2026 (USD MILLION)
                    TABLE 86 PIEZOELECTRIC TRANSDUCERS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 87 PIEZOELECTRIC TRANSDUCERS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 88 PIEZOELECTRIC TRANSDUCERS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 89 PIEZOELECTRIC TRANSDUCERS MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 90 PIEZOELECTRIC TRANSDUCERS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 91 PIEZOELECTRIC TRANSDUCERS MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 92 PIEZOELECTRIC TRANSDUCERS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 93 PIEZOELECTRIC TRANSDUCERS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 94 PIEZOELECTRIC TRANSDUCERS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 95 PIEZOELECTRIC TRANSDUCERS MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 96 PIEZOELECTRIC TRANSDUCERS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 97 PIEZOELECTRIC TRANSDUCERS MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
                    TABLE 98 PIEZOELECTRIC TRANSDUCERS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 99 PIEZOELECTRIC TRANSDUCERS MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 100 PIEZOELECTRIC TRANSDUCERS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 101 PIEZOELECTRIC TRANSDUCERS MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
    6.7 OTHERS
           TABLE 102 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS, BY MATERIAL, 2017–2020 (USD MILLION)
           TABLE 103 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS, BY MATERIAL, 2021–2026 (USD MILLION)
           FIGURE 46 HEALTHCARE APPLICATION TO REGISTER HIGHEST CAGR IN MARKET FOR OTHER PIEZOELECTRIC DEVICES FROM 2021 TO 2026
           TABLE 104 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 105 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 106 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
           TABLE 107 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
           TABLE 108 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
           TABLE 109 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
           TABLE 110 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
           TABLE 111 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
           TABLE 112 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
           TABLE 113 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
           TABLE 114 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 115 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
           TABLE 116 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 117 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
           TABLE 118 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN OTHER APPLICATION, BY REGION, 2017–2020 (USD THOUSAND)
           TABLE 119 PIEZOELECTRIC DEVICES MARKET FOR OTHER PRODUCTS IN OTHER APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)
    6.8 PIEZOELECTRIC DEVICES: PIEZOELECTRIC ULTRASONIC MOTORS MARKET
           6.8.1 INTRODUCTION
                    TABLE 120 MARKET SIZE FOR PIEZOELECTRIC MOTORS AND MARKET SHARE OF PIEZOELECTRIC ULTRASONIC MOTORS (2019)
           6.8.2 DIFFERENT TYPES OF PIEZOELECTRIC ULTRASONIC MOTORS
           6.8.3 ADVANTAGES, LIMITATIONS, AND APPLICATIONS OFPIEZOELECTRIC ULTRASONIC MOTORS
                    6.8.3.1 Advantages
                    6.8.3.2 Limitations
                    6.8.3.3 Applications
           6.8.4 LIST OF TOP PLAYERS OFFERING PIEZOELECTRIC ULTRASONIC MOTORS

7 PIEZOELECTRIC DEVICES MARKET, BY MATERIAL (Page No. - 162)
    7.1 INTRODUCTION
           FIGURE 47 MARKET SEGMENTATION, BY MATERIAL
           FIGURE 48 PIEZOELECTRIC POLYMERS TO WITNESS HIGHEST CAGR IN PIEZOELECTRIC DEVICES MARKET FROM 2021 TO 2026
           TABLE 121 PIEZOELECTRIC DEVICES MARKET, BY MATERIAL, 2017–2020 (USD BILLION)
           TABLE 122 PIEZOELECTRIC DEVICES MARKET, BY MATERIAL, 2021–2026 (USD BILLION)
    7.2 PIEZOELECTRIC POLYMERS VS. PIEZOELECTRIC CERAMICS
    7.3 PIEZOELECTRIC CRYSTALS
           7.3.1 PIEZOELECTRIC CRYSTALS ACT AS TINY BATTERY AND DETECT HIGH-FREQUENCY ULTRASOUND
    7.4 PIEZOELECTRIC CERAMICS
           7.4.1 PIEZOELECTRIC CERAMICS HELD LARGEST SHARE OF PIEZOELECTRIC DEVICES MARKET IN 2020
           7.4.2 SOFT CERAMICS
                    7.4.2.1 Soft ceramics are prominently used in accelerometers, level sensors, flow sensors, pressure sensors, hydrophones, microphones, and gyroscopes
           7.4.3 HARD CERAMICS
                    7.4.3.1 Hard ceramics are suitable for high-voltage or high-power generators and transducers
    7.5 PIEZOELECTRIC POLYMERS
           7.5.1 MARKET FOR PIEZOELECTRIC POLYMERS LIKELY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    7.6 PIEZOELECTRIC COMPOSITES
           7.6.1 PIEZOELECTRIC COMPOSITES ARE MOSTLY USED FOR UNDERWATER AND MEDICAL DIAGNOSTIC APPLICATIONS
    7.7 PIEZOELECTRIC DEVICES: PIEZOELECTRIC POLYMER MARKET, BY APPLICATION
           7.7.1 INTRODUCTION
                    FIGURE 49 HEALTHCARE TO EXHIBIT HIGHEST CAGR IN PIEZOELECTRIC POLYMER MARKET FROM 2020 TO 2025
                    TABLE 123 PIEZOELECTRIC POLYMER MARKET, BY APPLICATION, 2016–2025 (USD MILLION)

8 PIEZOELECTRIC DEVICES MARKET, BY APPLICATION (Page No. - 171)
    8.1 INTRODUCTION
           FIGURE 50 MARKET SEGMENTATION, BY APPLICATION
           FIGURE 51 HEALTHCARE APPLICATION TO WITNESS HIGHEST CAGR IN PIEZOELECTRIC DEVICES MARKET FROM 2021 TO 2026
           TABLE 124 PIEZOELECTRIC DEVICES MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 125 PIEZOELECTRIC DEVICES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    8.2 AEROSPACE AND DEFENSE
           8.2.1 INCREASING FOCUS OF PIEZOELECTRIC DEVICE PROVIDERS ON DELIVERING PRODUCTS WITH HIGH PRECISION AND RELIABILITY
                    TABLE 126 PIEZOELECTRIC DEVICES MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 127 PIEZOELECTRIC DEVICES MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 128 PIEZOELECTRIC DEVICES MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 129 PIEZOELECTRIC DEVICES MARKET FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    FIGURE 52 US TO DOMINATE PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR AEROSPACE AND DEFENSE APPLICATION FROM 2021 TO 2026
                    TABLE 130 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR AEROSPACE AND DEFENSE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 131 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR AEROSPACE AND DEFENSE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 132 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR AEROSPACE AND DEFENSE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 133 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR AEROSPACE AND DEFENSE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 134 PIEZOELECTRIC DEVICES MARKET IN APAC FOR AEROSPACE AND DEFENSE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 135 PIEZOELECTRIC DEVICES MARKET IN APAC FOR AEROSPACE AND DEFENSE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 136 PIEZOELECTRIC DEVICES MARKET IN ROW FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 137 PIEZOELECTRIC DEVICES MARKET IN ROW FOR AEROSPACE AND DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    8.3 INDUSTRIAL AND MANUFACTURING
           8.3.1 RISING USE OF PIEZOELECTRIC DEVICES TO MEASURE PHYSICAL VARIABLES IN INDUSTRIAL AND MANUFACTURING APPLICATIONS
                    FIGURE 53 PIEZOELECTRIC TRANSDUCERS TO CAPTURE LARGEST SIZE OF PIEZOELECTRIC DEVICES MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION IN 2026
                    TABLE 138 PIEZOELECTRIC DEVICES MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 139 PIEZOELECTRIC DEVICES MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 140 PIEZOELECTRIC DEVICES MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 141 PIEZOELECTRIC DEVICES MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 142 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 143 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    FIGURE 54 GERMANY TO COMMAND EUROPEAN PIEZOELECTRIC DEVICES MARKET FOR INDUSTRIAL AND MANUFACTURING APPLICATION THROUGHOUT FORECAST PERIOD
                    TABLE 144 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 145 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 146 PIEZOELECTRIC DEVICES MARKET IN APAC FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 147 PIEZOELECTRIC DEVICES MARKET IN APAC FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 148 PIEZOELECTRIC DEVICES MARKET IN ROW FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 149 PIEZOELECTRIC DEVICES MARKET IN ROW FOR INDUSTRIAL AND MANUFACTURING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    8.4 AUTOMOTIVE
           8.4.1 GROWING UTILIZATION OF PIEZOELECTRIC DEVICES IN AUTOMOBILES TO ENSURE VEHICLE AND DRIVER SAFETY AND IMPROVED VEHICLE ENERGY EFFICIENCY
                    TABLE 150 PIEZOELECTRIC DEVICES MARKET FOR AUTOMOTIVE APPLICATION, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 151 PIEZOELECTRIC DEVICES MARKET FOR AUTOMOTIVE APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 152 PIEZOELECTRIC DEVICES MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 153 PIEZOELECTRIC DEVICES MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 154 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR AUTOMOTIVE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 155 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR AUTOMOTIVE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    FIGURE 55 GERMANY TO RECORD HIGHEST CAGR IN EUROPEAN PIEZOELECTRIC DEVICES MARKET FOR AUTOMOTIVE APPLICATION DURING FORECAST PERIOD
                    TABLE 156 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR AUTOMOTIVE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 157 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR AUTOMOTIVE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 158 PIEZOELECTRIC DEVICES MARKET IN APAC FOR AUTOMOTIVE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 159 PIEZOELECTRIC DEVICES MARKET IN APAC FOR AUTOMOTIVE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 160 PIEZOELECTRIC DEVICES MARKET IN ROW FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 161 PIEZOELECTRIC DEVICES MARKET IN ROW FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    8.5 HEALTHCARE
           8.5.1 RISING ADOPTION OF PIEZOELECTRIC DEVICES IN IMAGING, DIAGNOSTIC, AND SURGICAL APPLICATIONS IN HEALTHCARE INDUSTRY
                    FIGURE 56 MAJOR HEALTHCARE APPLICATIONS OF PIEZOELECTRIC DEVICES
           8.5.2 IMAGING DEVICES
                    8.5.2.1 Piezoelectric devices are used in imaging applications such as ultrasound imaging, cone beam 3-dimensional imaging, and confocal microscopy
           8.5.3 DIAGNOSTIC EQUIPMENT
                    8.5.3.1 Piezoelectric ceramics are used in healthcare sector as machine components in diagnostic systems
           8.5.4 SURGICAL TOOLS
                    8.5.4.1 Piezoelectric devices are gaining traction due to increase in their adoption in ultrasonic surgery equipment and piezoceramic medical tools
                               FIGURE 57 PIEZOELECTRIC ACTUATORS TO REPORT LARGEST SIZE OF PIEZOELECTRIC DEVICES MARKET FOR HEALTHCARE APPLICATION IN 2021
                               TABLE 162 PIEZOELECTRIC DEVICES MARKET FOR HEALTHCARE APPLICATION, BY PRODUCT, 2017–2020 (USD MILLION)
                               TABLE 163 PIEZOELECTRIC DEVICES MARKET FOR HEALTHCARE APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION)
                               TABLE 164 PIEZOELECTRIC DEVICES MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 165 PIEZOELECTRIC DEVICES MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 166 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR HEALTHCARE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                               TABLE 167 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR HEALTHCARE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                               TABLE 168 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR HEALTHCARE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                               TABLE 169 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR HEALTHCARE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                               TABLE 170 PIEZOELECTRIC DEVICES MARKET IN APAC FOR HEALTHCARE APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                               TABLE 171 PIEZOELECTRIC DEVICES MARKET IN APAC FOR HEALTHCARE APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                               TABLE 172 PIEZOELECTRIC DEVICES MARKET IN ROW FOR HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 173 PIEZOELECTRIC DEVICES MARKET IN ROW FOR HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    8.6 INFORMATION AND COMMUNICATION
           8.6.1 GROWING EVOLUTION OF 5G TECHNOLOGY PROMPTED DEVELOPMENT OF ADVANCED PIEZOELECTRIC DEVICES
                    FIGURE 58 PIEZOELECTRIC MOTORS TO ACCOUNT FOR LARGEST SIZE OF PIEZOELECTRIC DEVICES MARKET FOR INFORMATION AND COMMUNICATION APPLICATION IN 2021
                    TABLE 174 PIEZOELECTRIC DEVICES MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY PRODUCT, 2017–2020 (USD MILLION)
                    TABLE 175 PIEZOELECTRIC DEVICES MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION)
                    TABLE 176 PIEZOELECTRIC DEVICES MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 177 PIEZOELECTRIC DEVICES MARKET FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 178 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR INFORMATION AND COMMUNICATION APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 179 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR INFORMATION AND COMMUNICATION APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 180 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR INFORMATION AND COMMUNICATION APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 181 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR INFORMATION AND COMMUNICATION APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 182 PIEZOELECTRIC DEVICES MARKET IN APAC FOR INFORMATION AND COMMUNICATION APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 183 PIEZOELECTRIC DEVICES MARKET IN APAC FOR INFORMATION AND COMMUNICATION APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 184 PIEZOELECTRIC DEVICES MARKET IN ROW FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 185 PIEZOELECTRIC DEVICES MARKET IN ROW FOR INFORMATION AND COMMUNICATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    8.7 CONSUMER ELECTRONICS
           8.7.1 SURGING DEMAND FOR MINIATURE AND SELF-POWERED ELECTRONIC DEVICES
                    FIGURE 59 APPLICATIONS OF PIEZOELECTRIC ELEMENTS AND MATERIALS IN CONSUMER ELECTRONIC APPLICATIONS
           8.7.2 WEARABLE DEVICES
                    8.7.2.1 Companies are partnering with various universities and research institutes to develop more advanced piezoelectricity-based wearables
           8.7.3 ELECTRONIC DEVICES
                    8.7.3.1 Rapid technological advancements and significant growth in consumer electronics sector are expected to spur demand for piezoelectric devices in near future
                               FIGURE 60 PIEZOELECTRIC GENERATORS TO WITNESS HIGHEST CAGR IN PIEZOELECTRIC DEVICES MARKET FOR CONSUMER ELECTRONICS APPLICATION FROM 2021 TO 2026
                               TABLE 186 PIEZOELECTRIC DEVICES MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY PRODUCT, 2017–2020 (USD MILLION)
                               TABLE 187 PIEZOELECTRIC DEVICES MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION)
                               TABLE 188 PIEZOELECTRIC DEVICES MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 189 PIEZOELECTRIC DEVICES MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                               TABLE 190 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                               TABLE 191 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                               TABLE 192 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR CONSUMER ELECTRONICS APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                               TABLE 193 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR CONSUMER ELECTRONICS APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                               FIGURE 61 JAPAN TO HOLD LARGEST SIZE OF PIEZOELECTRIC DEVICES MARKET FOR CONSUMER ELECTRONICS APPLICATION IN 2021
                               TABLE 194 PIEZOELECTRIC DEVICES MARKET IN APAC FOR CONSUMER ELECTRONICS APPLICATION, BY COUNTRY, 2017–2020 (USD MILLION)
                               TABLE 195 PIEZOELECTRIC DEVICES MARKET IN APAC FOR CONSUMER ELECTRONICS APPLICATION, BY COUNTRY, 2021–2026 (USD MILLION)
                               TABLE 196 PIEZOELECTRIC DEVICES MARKET IN ROW FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 197 PIEZOELECTRIC DEVICES MARKET IN ROW FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    8.8 OTHERS
           FIGURE 62 PIEZOELECTRIC MOTORS TO REPRESENT LARGEST SIZE OF PIEZOELECTRIC DEVICES MARKET FOR OTHER APPLICATIONS IN 2026
           TABLE 198 PIEZOELECTRIC DEVICES MARKET FOR OTHER APPLICATIONS, BY PRODUCT, 2017–2020 (USD MILLION)
           TABLE 199 PIEZOELECTRIC DEVICES MARKET FOR OTHER APPLICATIONS, BY PRODUCT, 2021–2026 (USD MILLION)
           TABLE 200 PIEZOELECTRIC DEVICES MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
           TABLE 201 PIEZOELECTRIC DEVICES MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
           TABLE 202 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR OTHER APPLICATIONS, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 203 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA FOR OTHER APPLICATIONS, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 204 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR OTHER APPLICATIONS, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 205 PIEZOELECTRIC DEVICES MARKET IN EUROPE FOR OTHER APPLICATIONS, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 206 PIEZOELECTRIC DEVICES MARKET IN APAC FOR OTHER APPLICATIONS, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 207 PIEZOELECTRIC DEVICES MARKET IN APAC FOR OTHER APPLICATIONS, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 208 PIEZOELECTRIC DEVICES MARKET IN ROW FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
           TABLE 209 PIEZOELECTRIC DEVICES MARKET IN ROW FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)

9 PIEZOELECTRIC ELEMENTS (Page No. - 215)
    9.1 INTRODUCTION
           FIGURE 63 PIEZOELECTRIC ELEMENTS
           FIGURE 64 PIEZOELECTRIC DISCS HELD LARGEST SHARE OF PIEZOELECTRIC DEVICES MARKET IN 2020
    9.2 PIEZOELECTRIC DISCS
           9.2.1 PIEZOELECTRIC DISCS ARE WIDELY USED IN PIEZOELECTRIC SENSORS, ACTUATORS, TRANSDUCERS, AND GENERATORS
    9.3 PIEZOELECTRIC RINGS
           9.3.1 PIEZOELECTRIC RING-BASED DEVICES ARE HIGHLY ADOPTED IN HEALTHCARE APPLICATIONS
    9.4 PIEZOELECTRIC PLATES
           9.4.1 PIEZOELECTRIC PLATE-BASED DEVICES ARE USED TO MEASURE ACCELERATION, FORCE, PRESSURE, AND STRAIN

10 OPERATION MODES OF PIEZOELECTRIC DEVICES (Page No. - 217)
     10.1 INTRODUCTION
             FIGURE 65 OPERATION MODES OF PIEZOELECTRIC DEVICES
     10.2 DIRECT PIEZOELECTRIC EFFECT
             FIGURE 66 DIRECT PIEZOELECTRIC EFFECT
     10.3 CONVERSE PIEZOELECTRIC EFFECT
             FIGURE 67 CONVERSE PIEZOELECTRIC EFFECT

11 GEOGRAPHIC ANALYSIS (Page No. - 219)
     11.1 INTRODUCTION
             FIGURE 68 REGIONAL SPLIT OF PIEZOELECTRIC DEVICES MARKET
             FIGURE 69 PIEZOELECTRIC DEVICES MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 210 PIEZOELECTRIC DEVICES MARKET, BY REGION, 2017–2020 (USD BILLION)
             TABLE 211 PIEZOELECTRIC DEVICES MARKET, BY REGION, 2021–2026 (USD BILLION)
     11.2 NORTH AMERICA
             FIGURE 70 NORTH AMERICA: PIEZOELECTRIC DEVICES MARKET SNAPSHOT
             TABLE 212 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 213 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
             FIGURE 71 US TO LEAD PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA THROUGHOUT FORECAST PERIOD
             TABLE 214 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 215 PIEZOELECTRIC DEVICES MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
             11.2.1 US
                        11.2.1.1 Prominent presence of piezoelectric device manufacturing companies to boost market growth in US
             11.2.2 CANADA
                        11.2.2.1 Significant investments by government and non-government organizations in R&D of piezoelectric technology to spur Canadian market growth
             11.2.3 MEXICO
                        11.2.3.1 Substantial increase in number of distributors in Mexico to propel market growth
     11.3 EUROPE
             FIGURE 72 EUROPE: PIEZOELECTRIC DEVICES MARKET SNAPSHOT
             FIGURE 73 AEROSPACE AND DEFENSE APPLICATION TO HOLD LARGER SIZE OF PIEZOELECTRIC DEVICES MARKET IN 2021 THAN ANY OTHER APPLICATIONS
             TABLE 216 PIEZOELECTRIC DEVICES MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 217 PIEZOELECTRIC DEVICES MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 218 PIEZOELECTRIC DEVICES MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 219 PIEZOELECTRIC DEVICES MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Technological innovations related to automotive industry contribute to growth of German piezoelectric devices market
             11.3.2 FRANCE
                        11.3.2.1 Surged demand for electric vehicles in France to spur growth of piezoelectric devices market
             11.3.3 UK
                        11.3.3.1 Robust economy and significant funding from public and private firms responsible for market growth
             11.3.4 ITALY
                        11.3.4.1 Strong initiatives of Italian government to promote energy efficiency propel piezoelectric market growth
             11.3.5 REST OF EUROPE
     11.4 APAC
             FIGURE 74 APAC: PIEZOELECTRIC DEVICES MARKET SNAPSHOT
             FIGURE 75 HEALTHCARE APPLICATION TO WITNESS HIGHEST CAGR IN PIEZOELECTRIC DEVICES MARKET IN APAC DURING FORECAST PERIOD
             TABLE 220 PIEZOELECTRIC DEVICES MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 221 PIEZOELECTRIC DEVICES MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
             TABLE 222 PIEZOELECTRIC DEVICES MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 223 PIEZOELECTRIC DEVICES MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
             11.4.1 JAPAN
                        11.4.1.1 Research and development activities in piezoelectric materials lead to increase in demand for piezoelectric devices in Japan
             11.4.2 CHINA
                        11.4.2.1 Mass production of piezoelectric devices drives market growth in China
             11.4.3 SOUTH KOREA
                        11.4.3.1 Presence of different universities and research institutes that employ piezoelectric technology spur growth of market in South Korea
             11.4.4 REST OF APAC
     11.5 ROW
             TABLE 224 PIEZOELECTRIC DEVICES MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 225 PIEZOELECTRIC DEVICES MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
             FIGURE 76 MIDDLE EAST AND AFRICA TO CAPTURE LARGER SIZE OF PIEZOELECTRIC DEVICES MARKET THAN SOUTH AMERICA IN 2021
             TABLE 226 PIEZOELECTRIC DEVICES MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
             TABLE 227 PIEZOELECTRIC DEVICES MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
             11.5.1 MIDDLE EAST AND AFRICA
                        11.5.1.1 Ongoing and upcoming oil and gas projects support market growth
             11.5.2 SOUTH AMERICA
                        11.5.2.1 Increasing demand for piezoelectric devices in healthcare and automotive applications creates market opportunity

12 COMPETITIVE LANDSCAPE (Page No. - 242)
     12.1 OVERVIEW
     12.2 MARKET EVALUATION FRAMEWORK
             TABLE 228 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PIEZOELECTRIC DEVICES MANUFACTURING COMPANIES
             12.2.1 PRODUCT PORTFOLIO
             12.2.2 REGIONAL FOCUS
             12.2.3 MANUFACTURING FOOTPRINT
             12.2.4 ORGANIC/INORGANIC STRATEGIES
     12.3 MARKET SHARE ANALYSIS, 2020
             TABLE 229 PIEZOELECTRIC DEVICES MARKET: MARKET SHARE ANALYSIS (2020)
     12.4 5-YEAR COMPANY REVENUE ANALYSIS
             FIGURE 77 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN PIEZOELECTRIC DEVICES MARKET, 2016 TO 2020
     12.5 COMPANY EVALUATION QUADRANT
             12.5.1 STAR
             12.5.2 EMERGING LEADER
             12.5.3 PERVASIVE
             12.5.4 PARTICIPANT
                        FIGURE 78 PIEZOELECTRIC DEVICES MARKET: COMPANY EVALUATION QUADRANT, 2020
     12.6 START-UP/SME EVALUATION MATRIX
             TABLE 230 START-UPS/SMES IN PIEZOELECTRIC DEVICES MARKET
             12.6.1 PROGRESSIVE COMPANY
             12.6.2 RESPONSIVE COMPANY
             12.6.3 DYNAMIC COMPANY
             12.6.4 STARTING BLOCK
                        FIGURE 79 PIEZOELECTRIC DEVICES MARKET, START-UP/SME EVALUATION MATRIX, 2020
     12.7 COMPANY FOOTPRINT
             TABLE 231 COMPANY FOOTPRINT
             TABLE 232 COMPANY PIEZOELECTRIC PRODUCT FOOTPRINT
             FIGURE 80 COMPANY APPLICATION FOOTPRINT
             TABLE 233 COMPANY REGION FOOTPRINT
     12.8 COMPETITIVE SITUATIONS AND TRENDS
             12.8.1 PRODUCT LAUNCHES
                        TABLE 234 PRODUCT LAUNCHES, JANUARY 2017–DECEMBER 2021
             12.8.2 DEALS
                        TABLE 235 DEALS, JANUARY 2017–DECEMBER 2021
             12.8.3 OTHERS
                        TABLE 236 INVESTMENTS AND EXPANSION, JANUARY 2017–DECEMBER 2021

13 COMPANY PROFILES (Page No. - 262)
     13.1 KEY PLAYERS
(Business Overview, Products/Solutions Offered, Recent Developments, and MnM View)* 
             13.1.1 L3HARRIS TECHNOLOGIES, INC.
                        TABLE 237 L3HARRIS TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        FIGURE 81 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
             13.1.2 CERAMTEC GMBH
                        TABLE 238 CERAMTEC GMBH: BUSINESS OVERVIEW
                        FIGURE 82 CERAMTEC GMBH: COMPANY SNAPSHOT
             13.1.3 CTS CORPORATION
                        TABLE 239 CTS CORPORATION: BUSINESS OVERVIEW
                        FIGURE 83 CTS CORPORATION: COMPANY SNAPSHOT
             13.1.4 KISTLER GROUP
                        TABLE 240 KISTLER GROUP: BUSINESS OVERVIEW
             13.1.5 PHYSIK INSTRUMENTE (PI) GMBH & CO. KG.
                        TABLE 241 PHYSIK INSTRUMENTE (PI) GMBH & CO. KG.: BUSINESS OVERVIEW
             13.1.6 PIEZOSYSTEM JENA GMBH
                        TABLE 242 PIEZOSYSTEM JENA GMBH: BUSINESS OVERVIEW
             13.1.7 PIEZO TECHNOLOGIES
                        TABLE 243 PIEZO TECHNOLOGIES: BUSINESS OVERVIEW
             13.1.8 APC INTERNATIONAL, LTD.
                        TABLE 244 APC INTERNATIONAL, LTD.: BUSINESS OVERVIEW
             13.1.9 AEROTECH INC.
                        TABLE 245 AEROTECH INC.: BUSINESS OVERVIEW
             13.1.10 MAD CITY LABS, INC.
                        TABLE 246 MAD CITY LABS, INC.: BUSINESS OVERVIEW
* Business Overview, Products/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies. 
     13.2 OTHER KEY PLAYERS
             13.2.1 TE CONNECTIVITY LTD.
             13.2.2 MIDE TECHNOLOGY CORP.
             13.2.3 OMEGA PIEZO TECHNOLOGIES, INC.
             13.2.4 PCB PIEZOTRONICS, INC.
             13.2.5 PIEZOMOTOR
             13.2.6 PIEZOMECHANIK DR. LUTZ PICKELMANN GMBH
             13.2.7 DYTRAN INSTRUMENTS INCORPORATED
             13.2.8 PIEZO SOLUTIONS
             13.2.9 ELPA
             13.2.10 KINETIC CERAMICS
             13.2.11 JOHNSON MATTHEY PIEZO PRODUCTS GMBH

14 APPENDIX (Page No. - 313)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the piezoelectric devices market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the piezoelectric devices market. Secondary sources considered for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of the piezoelectric industry to identify the key players based on their products, as well as to identify the prevailing industry trends in the piezoelectric devices market based on products, materials, applications, and region. It also includes information about the key developments undertaken from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the piezoelectric devices market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand and supply sides across four major regions: North America, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. This primary data has been collected mainly through telephonic interviews, which account for 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Piezoelectric Devices Market Size, and Share

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

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the piezoelectric devices market.

  • Identifying the number of piezoelectric devices shipped at the global level
  • Identifying average selling prices of global piezoelectric devices
  • Conducting multiple discussion sessions with the key opinion leaders to understand different piezoelectric products and their deployment in multiple applications; analyzing the break-up of the work carried out by each key company
  • Verifying and crosschecking estimates at every level with key opinion leaders, including chief executive officers (CEO), directors, and operation managers, and then finally with the domain experts of MarketsandMarkets
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases, for the company- and region-specific developments undertaken in the piezoelectric devices market

Piezoelectric Devices Market Size, and Share

The top-down approach has been used to estimate and validate the total size of the piezoelectric devices market.

  • Focusing initially on the top-line investments and expenditures being made in the ecosystem of piezoelectric devices. Further splitting into product, material, and application, and listing key developments in key market areas
  • Identifying all major players in the piezoelectric devices market by product types, materials, and their penetration in various applications through secondary research and verifying with a brief discussion with industry experts
  • Analyzing revenues, product mix, geographic presence, and key applications for which piezoelectric devices are served by all identified players to estimate and arrive at the percentage splits for all key segments
  • Discussing these splits with the industry experts to validate the information and identifying key growth pockets across all key segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

Piezoelectric Devices Market Size, and Share

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the piezoelectric devices market.

Report Objectives

  • To describe and forecast the overall size of the piezoelectric devices market in terms of value and volume
  • To describe, segment, and forecast the piezoelectric devices market based on product, material, and application, in terms of value
  • To describe and forecast the market for four key regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
  • To describe elements with varied shapes and operation modes of piezoelectric devices
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the piezoelectric devices market
  • To provide a detailed overview of the supply chain pertaining to the piezoelectric devices ecosystem, along with the average selling prices of piezoelectric devices
  • To strategically analyze the ecosystem, tariffs and regulations, patent landscape, trade landscape, and case studies pertaining to the market under study
  • To describe the detailed impact of the COVID-19 on the market
  • To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market
  • To analyze competitive developments such as product launches, expansions, partnerships, collaborations, contracts, and merger and acquisitions in the piezoelectric devices market
  • To strategically profile the key players in the piezoelectric devices market and comprehensively analyze their market ranking and core competencies2

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the piezoelectric devices supply chain
COVID-19

Get in-depth analysis of the COVID-19 impact on the Piezoelectric Devices Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Piezoelectric Devices Market

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