The piezoelectric ceramics market is projected to reach USD 1.8 billion by 2028, at a CAGR of 4.9% from USD 1.4 billion in 2023. The growth of the global piezoelectric ceramics market can be attributed to the rising demand form medical sector and growing need for high performance sensor for various end-use industries such as consumer electronics, industry & manufacturing, automotive, medical and others.
The key global players in the piezoelectric ceramics market KYOCERA Corporation (Japan), CeramTec GmbH (Germany), CTS Corporation (US), Murata Manufacturing Co., Ltd (Japan), TDK Corporation (Japan), Physik Instrumente (PI) GmbH & Co. (Germany), APC International, Ltd (US), L3Harris Technologies, Inc (US), HOERBIGER Motion Control GmbH (Germany), and Piezo Technologies (US).. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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KYOCERA Corporation is a leading manufacturer of fine ceramics. The company's expertise in ceramic materials and advanced manufacturing processes has enabled it to produce reliable and precise piezoelectric ceramic components that meet the demanding requirements of various industries. The company provides two types of piezo device structures, one is a single-plate type, and the other is a multi-layer type, both of which are made of PZT ceramics (lead zirconate titanate). The company has a widespread geographic presence and comprises more than 294 subsidiaries globally. Kyocera Corporation is one of the leading manufacturers of piezoelectric ceramics and has maintained a strong position among key competitors. It focuses on safety, performance, and high expenditure on R&D to provide customers with effective and efficient products. Investment and acquisition are among the key business strategies used by the company to further strengthen its market positioning.
In October 2021, KYOCERA Corporation build two additional production facilities at its Kokubu plant campus in Kagoshima, Japan. This has helped the company to strengthen its geographical presence in Asia Pacific region. The area of one factory will be 5,174 m2 and another will be 6,996 m2 and company has invested USD 97 million in these production facilites.
CTS Corporation is a global leader in the design, manufacturing, and supply of advanced electronic components and sensors. The company has a strong presence in the field of piezoelectric technology and provides innovative solutions to wider applications. It provides solutions to OEMs in the aerospace, communications, defense, industrial, information technology, medical, and transportation markets. The company has acquired Ferroperm and Noliac to enhance its piezoceramic technology and geographic reach globally. It focuses specifically on the design and production of high-performance piezoelectric ceramic components and materials. In 2022, the company’s R&D expenses were USD 24.1 million, equal to 4.1% of sales.
In June 2022, CTS Corporation has acquired Ferroperm Piezoceramics from Meggitt PLC Denmark based high-quality and innovative piezoceramic technology. This has helped the company to strengthen its geographical presence in Europe and North America.
Piezoelectric Ceramics Market by Type (Barium Titanate, Potassium Niobate, Sodium Tungstate, Lead Zirconate Titanate), End user (Consumer Electronics, Industry & Manufacturing, Automotive, Medical), and Region - Global Forecast to 2028
Mr. Aashish Mehra
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