Piezoelectric Devices Market

Piezoelectric Devices Market by Material (Piezoelectric Ceramics, Crystals, Polymers), Product (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer), and Region - Global Forecast to 2025

Report Code: SE 3950 Jan, 2020, by marketsandmarkets.com

The global piezoelectric devices market is estimated to grow from USD 28.9 billion in 2020 to USD 34.7 billion by 2025; at a CAGR of 3.7%. Key factors driving the growth of this market include rising demand for piezoelectric devices for energy harvesting, aerospace & defense applications, and growing R&D investments by companies & research universities for innovative piezo solutions.

Piezoelectric Devices Market

Piezoelectric actuators accounted for largest share of piezoelectric devices market in 2019

Piezoelectric actuators held the largest size of the piezoelectric devices market, by product, in 2019 and they are expected to continue to do so during the forecast period. Piezoelectric actuators offer several benefits such as less heat dissipation, less power consumption, fast response, high actuating precision, compact size, high reliability, and low cost. Piezoelectric actuators find their applications in several industries including automotive, aerospace & defense, electronics & semiconductor, biomedical, optics, photonics, scientific instrumentation, telecommunications, ultrasonic machine control, and metrology.

Piezoelectric polymers to witness highest CAGR in piezoelectric devices market during forecast period

Piezoelectric polymers are expected to witness the highest CAGR in the piezoelectric devices market during the forecast period. The high growth is attributed to their various features such as low fabrication cost, lightweight, fast processing, and their adoption for biological applications such as biosignal acquisition and tissue regeneration/repair support. Among piezoelectric polymers, polyvinylidene fluoride (PVDF) and pure thermoplastic fluoropolymers are usually the chosen materials due to their low cost, highly non-reactive properties, super-sensitivity to pressure, and compliance with government regulations such as the restriction of hazardous substances (RoHS) for materials.

Aerospace & defense application accounted for largest share of piezoelectric devices market in 2019

Among applications, the aerospace & defense application held the largest share of the piezoelectric devices market in 2019. This can be attributed to the increasing adoption of piezoelectric device-based products such as sensors, actuators, and motors for aerospace & defense applications. Piezoelectric actuators are mainly being used in different parts of aircraft for damping undesirable vibrations. The reduction of sound levels in helicopters has drawn a lot of interest, however, the technology is also applied in planes, wind turbines, motors, machine tools, and laboratory tables.

Piezoelectric Devices Market

APAC accounted for largest share of piezoelectric devices market in 2019

APAC accounted for the largest share of the piezoelectric devices market in 2019, and a similar trend is likely to continue in the near future. The dominance of the APAC region in the piezoelectric devices market is attributed to the increasing government initiatives, rising foreign investments, growing population, along with the bulk manufacturing facilities of piezoelectric devices, presence of numerous manufacturers and suppliers, low cost of piezoelectric devices, and technological advancements in emerging markets. Also, countries such as China and Japan are the major contributors to this region.

Key Market Players

L3HARRIS TECHNOLOGIES, INC. (Florida, US), CeramTec GmbH (Plochingen, Germany), CTS CORPORATION (Illinois, US), Physik Instrumente (PI) GmbH & Co. KG. (Karlsruhe, Germany), and APC International, Ltd., (Mackeyville, PA) are a few major companies operating in the piezoelectric devices market. These companies have adopted both organic and inorganic growth strategies such as product launches, partnerships, collaborations, contracts, and mergers & acquisitions to strengthen their position in the market.

Scope of the Report:

Report Metric

Details

 

Market size available for years

 

2017–2025

Base year

2019

Forecast period

2020–2025

Forecast unit

Value (USD billion/million)

Segments covered

Product, material, application, and geography

Geographic regions covered

North America, Europe, APAC, Middle East, and Africa

Companies covered

L3HARRIS TECHNOLOGIES, INC. (Florida, US), CeramTec GmbH (Plochingen, Germany), CTS CORPORATION (Illinois, US), Physik Instrumente (PI) GmbH & Co. KG. (Karlsruhe, Germany), APC International, Ltd., (Mackeyville, PA), piezosystem jena GmbH (Jena, Germany), Piezo Technologies (Indianapolis, Indiana), Kistler Group (Winterthur, Switzerland), Aerotech Inc. (Pennsylvania, US), Mad City Labs, Inc (Madison, WI).

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

Piezoelectric Devices Market, by Product

  • Piezoelectric Sensors
  • Piezoelectric Actuators
    • Stack Actuators
    • Strip Actuators
  • Piezoelectric Motors
  • Piezoelectric Transducers
  • Piezoelectric Generators
    • Single-layer Piezoelectric Generators
    • Multilayered Piezoelectric Generators
  • Others

Piezoelectric Devices Market, by Material

  • Piezoelectric Crystals
  • Piezoelectric Ceramics
    • Soft Ceramics
    • Hard Ceramics
  • Piezoelectric Polymers
  • Piezoelectric Composites

Piezoelectric Devices Market, by Application:

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

*other applications include oil & gas and communication among others.

Piezoelectric Devices Market, by Region

  • North America
    •  US
    •  Canada
    •  Mexico
  • Europe
    •  UK
    •  Germany
    •  France
    •  Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • ROW
    • Middle East & Africa
    • South America

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?
  • What are the opportunities for the existing players and for those who are planning to enter various stages of the piezoelectric devices value chain?
  • What are the emerging applications of piezoelectric devices?

Frequently Asked Questions (FAQ):

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

Table of Contents

1 Introduction (Page No. - 19)
    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 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Growth Opportunities in Piezoelectric Devices Market
    4.2 Market, By Product and Application
    4.3 Market, By Country
    4.4 Market, By Region

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Demand for Piezoelectric Devices in Aerospace & Defense Application
                    5.2.1.2 Increasing Adoption of Piezoelectric Energy Harvesting Technology
                    5.2.1.3 Growing R&D Investments By Companies & Research Universities for Innovative Piezo Solutions
           5.2.2 Restraints
                    5.2.2.1 Compulsion on Adoption of Lead-Free Piezoelectric Materials
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of Polymer-Based Piezoelectric Sensors in Various Healthcare Applications
                    5.2.3.2 Rising Utilization of Piezoelectric Devices to Predict Natural Disasters
                    5.2.3.3 Ongoing Advancements in Piezoelectric Motion Technology
           5.2.4 Challenges
                    5.2.4.1 Rapid Technological Changes
    5.3 Value Chain Analysis

6 Piezoelectric Devices Market, By Product (Page No. - 49)
    6.1 Introduction
    6.2 Piezoelectric Sensors
           6.2.1 Piezoelectric Sensors are Used in Structural and Vehicle Dynamics, and Low-Power Applications
    6.3 Piezoelectric Actuators
           6.3.1 Piezoelectric Actuators Play Significant Role in Aerospace & Defense and Healthcare Applications
                    6.3.1.1 Stack Actuators
                    6.3.1.2 Stripe Actuators
                    6.3.1.3 Shear Actuators
                    6.3.1.4 Tube Actuators
    6.4 Piezoelectric Motors
           6.4.1 Piezoelectric Motors are Highly Efficient and Provide Greater Force and Torque
    6.5 Piezoelectric Generators
           6.5.1 Piezoelectric Generators are Capable of Producing High-Voltage Outputs and Low Electrical Currents
                    6.5.1.1 Single-Layer Piezoelectric Generators
                    6.5.1.2 Multilayer Piezoelectric Generators
    6.6 Piezoelectric Transducers
           6.6.1 Piezoelectric Transducers Offer Combined Properties of Sensors and Actuators
    6.7 Others
           6.7.1 Piezoelectric Transformers and Resonators are Used in Consumer Electronic Devices

7 Piezoelectric Devices Market, By Material (Page No. - 80)
    7.1 Introduction
    7.2 Piezoelectric Crystals
           7.2.1 Piezoelectric Crystals are Oldest Piezoelectric Materials
    7.3 Piezoelectric Ceramics
           7.3.1 Piezoelectric Ceramics are Expected to Continue to Hold Largest Market Size During 2019–2025
                    7.3.1.1 Soft Ceramics
                    7.3.1.2 Hard Ceramics
    7.4 Piezoelectric Polymers
           7.4.1 Market for Piezoelectric Polymers is Expected to Grow at Highest CAGR During Forecast Period
    7.5 Piezoelectric Composites
           7.5.1 Piezoelectric Composites are Mostly Used for Underwater and Medical Diagnostic Applications

8 Piezoelectric Devices Market, By Application (Page No. - 86)
    8.1 Introduction
    8.2 Aerospace & Defense
           8.2.1 Increasing Adoption of Piezoelectric Devices to Deliver High Precision and Reliability
    8.3 Industrial & Manufacturing
           8.3.1 Rising Use of Piezoelectric Devices to Measure Physical Variables in Industrial & Manufacturing Applications
    8.4 Automotive
           8.4.1 Growing Utilization of Piezoelectric Devices to Ensure Vehicle and Driver Safety as Well as Efficiency
    8.5 Healthcare
           8.5.1 Rising Implementation of Piezoelectric Devices in Imaging, Diagnostic, and Surgical Applications
                    8.5.1.1 Imaging Devices
                    8.5.1.2 Diagnostic Equipment
                    8.5.1.3 Surgical Tools
    8.6 Information & Communication
           8.6.1 Growing Evolution of 4G and 5G has Aroused Development of Advanced Piezoelectric Devices
    8.7 Consumer Electronics
           8.7.1 Reducing Size of Electronic Devices has Increased Demand for Self-Powered Devices
                    8.7.1.1 Wearable Devices
                    8.7.1.2 Electronic Devices
    8.8 Others
           8.8.1 Increasing Use of Piezoelectric Elements and Materials for Generating Electrical Energy

9 Piezoelectric Elements (Page No. - 112)
    9.1 Introduction
    9.2 Piezoelectric Discs
           9.2.1 Piezoelectric Discs Registered Largest Share of Market in 2019
    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. - 114)
     10.1 Introduction
     10.2 Direct Piezoelectric Effect
     10.3 Converse Piezoelectric Effect

11 Geographic Analysis (Page No. - 116)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 Presence of Piezoelectric Device Manufacturing Companies to Boost Market Growth in US
             11.2.2 Canada
                        11.2.2.1 Investment in R&D of Piezoelectric Devices By Government and Non-Government Organizations to Spur Growth of Market in Canada
             11.2.3 Mexico
                        11.2.3.1 Increase in Number of Distributors in Mexico to Propel Market Growth
     11.3 Europe
             11.3.1 Germany
                        11.3.1.1 Market for Piezoelectric Devices in Germany to Grow at Highest CAGR During Forecast Period
             11.3.2 France
                        11.3.2.1 Presence of Automobile Manufacturers 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 Growth of Market
             11.3.4 Italy
                        11.3.4.1 Initiatives Taken By Government to Propel Growth of Market in Italy
             11.3.5 Rest of Europe
                        11.3.5.1 Presence of Piezoelectric Device Distributors to Drive Growth of Market in Rest of Europe
     11.4 APAC
             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 Chinese Market Growth
             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
                        11.4.4.1 Economic Growth and Favorable Market Conditions Fuel Growth of Market in Rest of APAC
     11.5 RoW
             11.5.1 Middle East & Africa
                        11.5.1.1 Ongoing and Upcoming Oil and Gas Projects Support Growth of Market
             11.5.2 South America
                        11.5.2.1 Increasing Demand for Piezoelectric Devices in Healthcare Applications Creates Opportunity for Growth of Market

12 Competitive Landscape (Page No. - 133)
     12.1 Introduction
     12.2 Market Ranking Analysis of Players in Piezoelectric Devices Market, 2019
     12.3 Competitive Leadership Mapping
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Companies
     12.4 Competitive Scenario
             12.4.1 Product Launches and Product Developments
             12.4.2 Expansions
             12.4.3 Partnerships, Collaborations, and Contracts
             12.4.4 Mergers & Acquisitions

13 Company Profiles (Page No. - 143)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 Introduction
     13.2 Key Players
             13.2.1 L3HARRIS TECHNOLOGIES, Inc.
             13.2.2 CeramTec GmbH
             13.2.3 CTS Corporation
             13.2.4 Physik Instrumente (PI) GmbH & Co. Kg.
             13.2.5 APC International, LTD.
             13.2.6 Piezosystem Jena GmbH
             13.2.7 Piezo Technologies
             13.2.8 Kistler Group
             13.2.9 Aerotech Inc.
             13.2.10 Mad City Labs, Inc.
     13.3 Right to Win
     13.4 Other Key Players
             13.4.1 Mide Technology Corp.
             13.4.2 Omega Piezo Technologies, Inc.
             13.4.3 PCB Piezotronics, Inc.
             13.4.4 Cedrat Technologies
             13.4.5 Piezomotor
             13.4.6 Piezomechanik Dr. Lutz Pickelmann GmbH
             13.4.7 Dytran Instruments Incorporated.
             13.4.8 Piezo Solutions
             13.4.9 ELPA
             13.4.10 Kinetic Ceramics
             13.4.11 Johnson Matthey Piezo Products GmbH

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 188)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (109 Tables)

Table 1 Piezoelectric Devices Market, By Product, 2017–2025 (USD Billion)
Table 2 Market, 2017–2025
Table 3 Piezoelectric Sensors Market, By Material, 2017–2025 (USD Billion)
Table 4 Piezoelectric Sensors Market, By Application, 2017–2025 (USD Million)
Table 5 Piezoelectric Sensors Market for Aerospace & Defense Application, By Region, 2017–2025 (USD Million)
Table 6 Piezoelectric Sensors Market for Industrial & Manufacturing Application, By Region, 2017–2025 (USD Million)
Table 7 Piezoelectric Sensors Market for Automotive Application, By Region, 2017–2025 (USD Million)
Table 8 Piezoelectric Sensors Market for Healthcare Application, By Region, 2017–2025 (USD Million)
Table 9 Piezoelectric Sensors Market for Information & Communication Application, By Region, 2017–2025 (USD Million)
Table 10 Piezoelectric Sensors Market for Consumer Electronics Application, By Region, 2017–2025 (USD Million)
Table 11 Piezoelectric Sensors Market for Other Applications, By Region, 2017–2025 (USD Million)
Table 12 Piezoelectric Actuators Market, By Material, 2017–2025 (USD Billion)
Table 13 Piezoelectric Actuators Market, By Application, 2017–2025 (USD Million)
Table 14 Piezoelectric Actuators Market for Aerospace & Defense Application, By Region, 2017–2025 (USD Million)
Table 15 Piezoelectric Actuators Market for Industrial & Manufacturing Application, By Region, 2017–2025 (USD Million)
Table 16 Piezoelectric Actuators Market for Automotive Application, By Region, 2017–2025 (USD Million)
Table 17 Piezoelectric Actuators Market for Healthcare Application, By Region, 2017–2025 (USD Million)
Table 18 Piezoelectric Actuators Market for Information & Communication Application, By Region, 2017–2025 (USD Million)
Table 19 Piezoelectric Actuators Market for Consumer Electronics Application, By Region, 2017–2025 (USD Million)
Table 20 Piezoelectric Actuators Market for Other Applications, By Region, 2017–2025 (USD Million)
Table 21 Piezoelectric Motors Market, By Material, 2017–2025 (USD Billion)
Table 22 Piezoelectric Motors Market, By Application, 2017–2025 (USD Million)
Table 23 Piezoelectric Motors Market for Aerospace & Defense Application, By Region, 2017–2025 (USD Million)
Table 24 Piezoelectric Motors Market for Industrial & Manufacturing Application, By Region, 2017–2025 (USD Million)
Table 25 Piezoelectric Motors Market for Healthcare Application, By Region, 2017–2025 (USD Million)
Table 26 Piezoelectric Motors Market for Consumer Electronics Application, By Region, 2017–2025 (USD Million)
Table 27 Piezoelectric Generators Market, By Material, 2017–2025 (USD Million)
Table 28 Piezoelectric Generators Market, By Application, 2017–2025 (USD Million)
Table 29 Piezoelectric Generators Market for Aerospace & Defense Application, By Region, 2017–2025 (USD Million)
Table 30 Piezoelectric Generators Market for Industrial & Manufacturing Application, By Region, 2017–2025 (USD Million)
Table 31 Piezoelectric Generators Market for Automotive Application, By Region, 2017–2025 (USD Million)
Table 32 Piezoelectric Generators Market for Healthcare Application, By Region, 2017–2025 (USD Million)
Table 33 Piezoelectric Generators Market for Information & Communication Application, By Region, 2017–2025 (USD Million)
Table 34 Piezoelectric Generators Market for Consumer Electronics Application, By Region, 2017–2025 (USD Million)
Table 35 Piezoelectric Generators Market for Other Applications, By Region, 2017–2025 (USD Million)
Table 36 Piezoelectric Transducers Market, By Material, 2017–2025 (USD Billion)
Table 37 Piezoelectric Transducers Market, By Application, 2017–2025 (USD Million)
Table 38 Piezoelectric Transducers Market for Aerospace & Defense Application, By Region, 2017–2025 (USD Million)
Table 39 Piezoelectric Transducers Market for Industrial & Manufacturing Application, By Region, 2017–2025 (USD Million)
Table 40 Piezoelectric Transducers Market for Automotive Application, By Region, 2017–2025 (USD Million)
Table 41 Piezoelectric Transducers Market for Healthcare Application, By Region, 2017–2025 (USD Million)
Table 42 Piezoelectric Transducers Market for Information & Communication Application, By Region, 2017–2025 (USD Million)
Table 43 Piezoelectric Transducers Market for Consumer Electronics Application, By Region, 2017–2025 (USD Million)
Table 44 Piezoelectric Transducers Market for Other Applications, By Region, 2017–2025 (USD Million)
Table 45 Market for Other Products, By Material, 2017–2025 (USD Million)
Table 46 Market for Other Products, By Application, 2017–2025 (USD Million)
Table 47 Market for Other Products in Aerospace & Defense Application, By Region, 2017–2025 (USD Million)
Table 48 Market for Other Products in Industrial & Manufacturing Application, By Region, 2017–2025 (USD Million)
Table 49 Market for Other Products in Automotive Application, By Region, 2017–2025 (USD Million)
Table 50 Market for Other Products in Healthcare Application, By Region, 2017–2025 (USD Million)
Table 51 Market for Other Products in Information & Communication Application, By Region, 2017–2025 (USD Million)
Table 52 Market for Other Products in Consumer Electronics Application, By Region, 2017–2025 (USD Million)
Table 53 Market, By Material, 2017–2025 (USD Billion)
Table 54 Market, By Application, 2017–2025 (USD Billion)
Table 55 Market for Aerospace & Defense Application, By Product, 2017–2025 (USD Million)
Table 56 Market for Aerospace & Defense Application, By Region, 2017–2025 (USD Million)
Table 57 Market in North America for Aerospace & Defense Application, By Country, 2017–2025 (USD Million)
Table 58 Market in Europe for Aerospace & Defense Application, By Country, 2017–2025 (USD Billion)
Table 59 Market in APAC for Aerospace & Defense Application, By Country, 2017–2025 (USD Billion)
Table 60 Market in RoW for Aerospace & Defense Application, By Region, 2017–2025 (USD Million)
Table 61 Market for Industrial & Manufacturing Application, By Product, 2017–2025 (USD Million)
Table 62 Market for Industrial and Manufacturing Application, By Region, 2017–2025 (USD Million)
Table 63 Market in North America for Industrial and Manufacturing Application, By Country, 2017–2025 (USD Million)
Table 64 Market in Europe for Industrial and Manufacturing Application, By Country, 2017–2025 (USD Million)
Table 65 Market in APAC for Industrial and Manufacturing Application, By Country, 2017–2025 (USD Billion)
Table 66 Market in RoW for Industrial and Manufacturing Application, By Region, 2017–2025 (USD Million)
Table 67 Market for Automotive Application, By Product, 2017–2025 (USD Million)
Table 68 Market for Automotive Application, By Region, 2017–2025 (USD Million)
Table 69 Market in North America for Automotive Application, By Country, 2017–2025 (USD Million)
Table 70 Market in Europe for Automotive Application, By Country, 2017–2025 (USD Billion)
Table 71 Market in APAC for Automotive Application, By Country, 2017–2025 (USD Billion)
Table 72 Market in RoW for Automotive Application, By Region, 2017–2025 (USD Million)
Table 73 Market for Healthcare Application, By Product, 2017–2025 (USD Million)
Table 74 Market for Healthcare Application, By Region, 2017–2025 (USD Billion)
Table 75 Market in North America for Healthcare Application, By Country, 2017–2025 (USD Million)
Table 76 Market in Europe for Healthcare Application, By Country, 2017–2025 (USD Billion)
Table 77 Market in APAC for Healthcare Application, By Country, 2017–2025 (USD Million)
Table 78 Market in RoW for Healthcare Application, By Region, 2017–2025 (USD Million)
Table 79 Market for Information & Communication Application, By Product, 2017–2025 (USD Million)
Table 80 Market for Information & Communication Application, By Region, 2017–2025 (USD Million)
Table 81 Market in North America for Information & Communication Application, By Country, 2017–2025 (USD Million)
Table 82 Market in Europe for Information & Communication Application, By Country, 2017–2025 (USD Million)
Table 83 Market in APAC for Information & Communication Application, By Country, 2017–2025 (USD Million)
Table 84 Market in RoW for Information & Communication Application, By Region, 2017–2025 (USD Million)
Table 85 Market for Consumer Electronics Application, By Product, 2017–2025 (USD Million)
Table 86 Market for Consumer Electronics Application, By Region, 2017–2025 (USD Million)
Table 87 Market in North America for Consumer Electronics Application, By Country, 2017–2025 (USD Million)
Table 88 Market in Europe for Consumer Electronics Application, By Country, 2017–2025 (USD Million)
Table 89 Market in APAC for Consumer Electronics Application, By Country, 2017–2025 (USD Million)
Table 90 Market in RoW for Consumer Electronics Application, By Region, 2017–2025 (USD Million)
Table 91 Market for Other Applications, By Product, 2017–2025 (USD Million)
Table 92 Market for Other Applications, By Region, 2017–2025 (USD Million)
Table 93 Market in North America for Other Applications, By Country, 2017–2025 (USD Million)
Table 94 Piezoelectric Devices Market in Europe for Other Applications, By Country, 2017–2025 (USD Million)
Table 95 Market in APAC for Other Applications, By Country, 2017–2025 (USD Million)
Table 96 Market in RoW for Other Applications, By Region, 2017–2025 (USD Million)
Table 97 Market, By Region, 2017–2025 (USD Billion)
Table 98 Market in North America, By Application, 2017–2025 (USD Million)
Table 99 Market in North America, By Country, 2017–2025 (USD Billion)
Table 100 Market in Europe, By Application, 2017–2025 (USD Million)
Table 101 Market in Europe, By Country, 2017–2025 (USD Billion)
Table 102 Market in APAC, By Application, 2017–2025 (USD Billion)
Table 103 Market in APAC, By Country, 2017–2025 (USD Billion)
Table 104 Market in RoW, By Application, 2017–2025 (USD Million)
Table 105 Market in RoW, By Region, 2017–2025 (USD Billion)
Table 106 Product Launches and Product Developments, 2017–2019
Table 107 Expansions, 2017–2018
Table 108 Partnerships, Collaboration, and Contracts, 2017–2019
Table 109 Mergers & Acquisitions, 2017–2019


List of Figures (55 Figures)

Figure 1 Piezoelectric Devices Market: Research Design
Figure 2 Market Size Estimation Methodology: Approach 1 Bottom Up (Supply Side): Illustrative Example of Company in Piezoelectric Devices Market
Figure 3 Market Size Estimation Methodology: Approach 2 – Bottom Up (Demand Side): Applications Covered Under Piezoelectric Devices Market
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Market for Piezoelectric Generators to Grow at Highest CAGR During Forecast Period
Figure 8 Piezoelectric Polymers to Witness Highest CAGR in Market During Forecast Period
Figure 9 Healthcare Application to Witness Highest CAGR in Market During 2020–2025
Figure 10 APAC to Be Fastest-Growing Region in Market During Forecast Period
Figure 11 Increasing Demand for Miniaturized Electronic Devices to Spur Market Growth During Forecast Period
Figure 12 Piezoelectric Actuators and Aerospace & Defense to Be Largest Shareholders in Overall Market, By Product and Application, Respectively, in 2025
Figure 13 China to Record Highest CAGR in Overall Market During Forecast Period
Figure 14 APAC to Record Largest Share of Overall Market in 2025
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Market Drivers and Their Impact
Figure 17 Market Restraints and Challenges and Their Impact
Figure 18 Market Opportunities and Their Impact
Figure 19 Market Challenges and Their Impact
Figure 20 Value Chain of Piezoelectric Devices Market
Figure 21 Market, By Product
Figure 22 Market for Piezoelectric Generators is Expected to Grow at Highest CAGR From 2020 to 2025
Figure 23 Stack Actuators
Figure 24 Stripe Actuators
Figure 25 Shear Actuators
Figure 26 Tube Actuators
Figure 27 Piezoelectric Polymers to Record Highest CAGR in Market From 2020 to 2025
Figure 28 RoW to Exhibit Highest CAGR in Piezoelectric Generators Market for Healthcare Application From 2020 to 2025
Figure 29 Market Segmentation, By Material
Figure 30 Market for Piezoelectric Polymers is Expected to Grow at Highest CAGR From 2020 to 2025
Figure 31 Market Segmentation, By Application
Figure 32 Healthcare Application to Witness Highest CAGR in Market is From 2020 to 2025
Figure 33 Market in South America for Automotive Application is Expected to Grow at Higher CAGR During Forecast Period
Figure 34 Segmentation of Healthcare Applications
Figure 35 Segmentation of Consumer Electronic Applications
Figure 36 Piezoelectric Generators Market for Consumer Electronics Application is Expected to Grow at Highest CAGR From 2020 to 2025
Figure 37 Piezoelectric Elements
Figure 38 Piezoelectric Discs Held Largest Share of Market in 2019
Figure 39 Operation Modes of Piezoelectric Devices
Figure 40 Direct Piezoelectric Effect
Figure 41 Converse Piezoelectric Effect
Figure 42 Geographic Segmentation of Market
Figure 43 APAC to Witness Highest Growth During Forecast Period
Figure 44 North America: Piezoelectric Devices Market Snapshot
Figure 45 Market in US to Witness Highest Growth During Forecast Period
Figure 46 Europe: Market Snapshot
Figure 47 APAC: Piezoelectric Devices Market Snapshot
Figure 48 Healthcare Application of Market in APAC to Witness Highest CAGR During Forecast Period
Figure 49 Companies Adopted Product Launches and Product Developments as Key Growth Strategy During, 2017–2019
Figure 50 Ranking of Top 5 Players in Piezoelectric Devices Market
Figure 51 Market (Global) Competitive Leadership Mapping, 2019
Figure 52 Market Evaluation Framework-Product Launches and Product Developments Fueled Growth and Innovation During, 2017-2019
Figure 53 L3HARRIS TECHNOLOGIES, Inc.: Company Snapshot
Figure 54 CeramTec GmbH: Company Snapshot
Figure 55 CTS Corporation: Company Snapshot

The study involved 4 major activities for estimating the size of the piezoelectric devices market. Exhaustive secondary research has been carried out to collect information relevant to the market, the peer market, and the parent market. Primary research has been undertaken to validate these findings, assumptions, and sizing with industry experts across the value chain of the piezoelectric devices. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, the market breakdown and data triangulation methods have been 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 devices market began by capturing data related to the 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 devices market. Vendor offerings have been 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 devices market comprises several stakeholders, such as the suppliers of piezoelectric elements and original equipment manufacturers (OEMs). The demand side of this market is characterized by end-user applications, as well as by the development and manufacturing of piezoelectric device-based products. The supply side is characterized by advancements carried out in piezoelectric devices using different materials, operation modes, elements, and their diverse applications. Various primary sources from both the supply and demand sides of the market have been 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 have been used to estimate and validate the size of the piezoelectric devices market and its segments. The research methodology used to estimate the market size included the following:

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

Data Triangulation

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

Research Objectives

  • To describe and forecast the overall size of the piezoelectric devices market, by product, material, and application
  • To describe and forecast the size of the market, in terms of volume and value, for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To describe piezoelectric elements and the operation modes of piezoelectric devices
  • To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To describe the piezoelectric devices value chain in brief
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile key players and comprehensively analyze their position in the piezoelectric devices market in terms of their ranking and core competencies2 as well as provide detailed information on the competitive landscape of the market
  • To analyze competitive developments such as product launches & product developments, expansions, partnerships, collaborations, contracts, and mergers & acquisitions undertaken in the piezoelectric devices 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

  • Which new application areas are being explored by the providers of piezoelectric devices?
  • Who are the key players in the piezoelectric devices market, and how intense is the competition in this market?
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Published ON
Jan, 2020
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