Piezoelectric Devices Companies - CeramTec GmbH (Germany) and CTS Corporation (US) are the Key Players
The piezoelectric devices market is projected to grow from USD 32.7 billion in 2023 and is projected to reach USD 46.0 billion by 2028; it is expected to grow at a CAGR of 7.0 % from 2023 to 2028. Increasing adoption of piezoelectric devices in automobiles is one of the major driver of the market.
Major players in the market includes 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. Key strategies adopted by the players in the piezoelectric devices ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships and acquisitions.
To know about the assumptions considered for the study download the pdf brochure
For instance, in January 2023, Kistler Group (Switzerland) has launched a new piezoelectric sensor solution specially designed for angled structures such as airplane wings. The new cylindrical accelerometer 8775A is used to meet various requirements in aerospace applications, such as high sensitivity, low noise threshold, and low weight.
In June 2022, CTS Corporation completed the previously announced acquisition of Ferroperm Piezoceramics from Meggitt PLC. Ferroperm designs and manufactures high-performance piezoceramic components for complex and demanding medical, industrial, and aerospace applications. The company is recognized for its high-quality and innovative piezoceramic technology. Based in Kvistgaard, Denmark, Ferroperm has established a strong customer base across Europe and North America. Ferroperm Piezoceramics represent a great addition to CTS Corporation’s expanding piezoceramic business and advance its diversification.
CeramTec GmbH (Germany)
CeramTec GmbH is a leading supplier of advanced ceramics designed for piezoelectric applications. The company serves its clients globally through 19 manufacturing plants located in Europe, the US, and Asia. CeramTec GmbH is a global developer, manufacturer, and supplier of advanced technical ceramic products. Its portfolio comprises over 10,000 products, components, and parts made of various engineered ceramic materials for automotive, aeronautics and defense, machinery, electronics, medical equipment, chemical, industrial equipment, mechanical, and medical engineering applications. The company operates through two business segments: Industrial Markets and Medical Markets. Piezoelectric materials and products are offered through its Industrial Markets business segment. The company’s product portfolio includes 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.
CTS Corporation (US)
CTS Corporation is a leading global designer and manufacturer of actuators, electronic components, and sensors for original equipment manufacturers (OEMs) in the aerospace & defense, industrial, information technology, medical, telecommunications, and transportation sectors. CTS Corporation has categorized its product portfolio into Sense, Connect, and Move. The Sense category includes piezoelectric sensing products that provide vital inputs to electronic systems. Connect products allow systems to function in synchronization with other systems. The Move category includes piezoelectric products, ensuring the required movements are effectively and accurately executed. The company has a major product portfolio of sensors and actuators that can be deployed in passenger or commercial vehicles; electronic components designed for telecommunications infrastructure, information technology, and other high-speed applications, switches, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in the medical, industrial, aerospace & defense, and information technology markets.
Related Reports:
Piezoelectric Devices Market by Product (Sensors, Actuator, Motor, Generator, Transducer, Transformers, Resonator), Material (Polymer, Crystal, Ceramic, Composites), Element (Discs, Rings, Plates), Application and Region - Global Forecast to 2028
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
