Piezoelectric Devices Market

L3HARRIS TECHNOLOGIES, INC. (US) and CeramTec GmbH (Germany) are the Key Players in the Piezoelectric Devices Market

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.

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); and Mad City Labs, Inc. (US); are some of the key players in the piezoelectric devices market. These players have adopted various growth strategies, such as product launches, expansions, investments, partnerships, collaborations, contracts, and mergers and acquisitions to retain their presence in the piezoelectric devices market. Product launches has been the most dominating strategy adopted by the key players from January 2017 to December 2021 to help them strengthen their product portfolio and broaden their customer base.

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L3HARRIS TECHNOLOGIES, INC. held the leading position in the piezoelectric devices market as one of the key manufacturers of piezoelectric ceramics. The company is an agile global aerospace and defense technology innovator. The company held ~2–4% share of the robotic welding market in 2020. To strengthen its market position, the company has primarily adopted inorganic growth strategies.

CeramTec GmbH held the second position in the piezoelectric devices market. The company is a well-established brand in the piezoelectric devices market. The company is a leading supplier of advanced ceramics used in different piezoelectric applications. A market leader, the company has expanded its reach globally, and is expected to capture a large share of the market in the near future. The company’s offers oxide ceramics such as aluminum oxide, aluminum titanate, mixed/dispersion ceramics, piezoceramics, silicate ceramics, and zirconium oxide ceramics; non-oxide ceramics including aluminum nitride, silicon carbide, and silicon nitride ceramics, as well as ceramic composites such as metal–ceramic composites to their customers.

CTS Corporation has secured third position in the piezoelectric devices market. The company is a leading global designer and manufacturer of actuators, electronic components, and sensors for original equipment manufacturers (OEMs) in the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation sectors. The company has positioned itself as a complete solution provider for piezoelectric products and materials. The company has been focusing on both organic and inorganic growth strategies, such as product launches, contracts, and acquisitions for augmenting its growth and expanding its reach.

Kistler Group has secured fourth position in the piezoelectric devices market. The company is the global leader in dynamic piezoelectric measurement technology, which is used for measuring acceleration, force, pressure, and torque. The company not only manufactures different electronic components such as sensors, accelerometers, transducers, and charge amplifiers but also provides integrated modular solutions and services pertaining to automotive research and tests, industrial process control, and sensor technology. With its global presence the company offers its solutions to industrial and manufacturing and automotive.

Physik Instrumente (PI) GmbH & Co. KG. (Germany) has secured fifth position in the piezoelectric devices market. The company has a strong and broad portfolio of nanopositioning actuators, motors, and transducers. The company’s precision positioning technology-based piezoelectric devices are well-positioned to outgrow the market with the broadest portfolio of offerings, innovation strength, global footprint, and deep domain expertise, supporting its customer’s transition toward lead-free piezoelectric materials in the existing segments while driving growth through expansion into new customer segments. The company also offers piezoelectric materials and elements to their customers worldwide for aerospace and defense, industrial and manufacturing, automotive, healthcare, power generation, information and communication, consumer electronics, and musical instruments applications.

Related Reports:

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

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Report Code
SE 3950
RI Published ON
6/29/2021
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