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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%. The key factors fueling the growth of this market is the rising demand for piezoelectric devices for energy harvesting and for aerospace & defense applications.

Key players in the piezoelectric devices market include piezoelectric devices and materials manufacturing companies. These companies are L3HARRIS TECHNOLOGIES, INC. (Florida, US), CTS CORPORATION (Illinois, US), CeramTec GmbH (Plochingen, Germany), 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), Mide Technology Corp. (US), Omega Piezo Technologies, Inc. (US), PCB Piezotronics, Inc. (US), Piezo Solutions (Ohio, US), CEDRAT TECHNOLOGIES (Meylan, France), PiezoMotor (Uppsala, Sweden), Piezomechanik Dr. Lutz Pickelmann GmbH (Munich, Germany), DYTRAN INSTRUMENTS INCORPORATED (California, US), ELPA (Moscow, Russia), Kinetic Ceramics (California, US), and Johnson Matthey Piezo Products GmbH (Germany). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, expansions, partnerships, collaborations, contracts, and mergers & acquisitions to strengthen their position in the market.

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

Top Players in Piezoelectric Devices Market:

L3HARRIS TECHNOLOGIES, INC (US) is one of the major companies that cater to the needs of the aerospace & defense industry. The company operates through its Exelis Inc. subsidiary, which offers solutions in the areas of imaging and analysis, electronic warfare, air traffic solutions, positioning and navigation, communications and information systems, logistics, and technical services to military, government, and commercial customer bases in the US and other global parts. The company offers different categories of products and services, such as semiconductor metrology systems, microscopy materials, medical technology systems, and industrial metrology services and solutions. The company is a manufacturer of piezoelectric ceramic elements and materials

CeramTec GmbH is a leading supplier of advanced ceramics used in a wide range of piezoelectric applications. It is a global developer, manufacturer, and supplier of advanced technical ceramic products. Its product portfolio has over 10,000 different products, components, and parts made of various engineered ceramic materials, which are used in automotive and electronics sectors; as well as in mechanical and medical engineering applications. The company’s product portfolio includes oxide ceramics, such as aluminum oxide, aluminum titanate, mixed/dispersion ceramics, piezoceramics, silicate ceramics, and zirconium oxide ceramics; nonoxide ceramics including aluminum nitride, silicon carbide, and silicon nitride ceramics; as well as ceramic composites, such as metal-ceramic composites. The company adopts organic growth strategies such as product developments & launches, as well as inorganic growth strategies such as contracts and acquisitions. It has a strong product portfolio, as well as a global reach.

Related Reports:

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

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