Global Piezoelectric Devices Market: Overview
In the piezoelectric effect, certain materials are able to produce AC voltage when they are subjected to vibration or mechanical stress. The piezoelectric device is manufactured from piezoelectric materials and they are extensively used in wide range of consumer and industrial products. The quartz is the most common piezoelectric material. Piezoceramics is the basic material of the piezoelectric devices. Automotive, manufacturing, and industrial sectors are the largest consumers of the piezoelectric devices. The information & telecommunication and medical instruments sectors also largely consume this device.
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Global Piezoelectric Devices Market: Growth Factors
Increasing use of piezoelectric device in applications such as mobile phones, low power, and portable energy sources in the healthcare sector, notebooks in the consumer sector, computer disk drives, structural health monitoring, and robotics will drive the piezoelectric devices market. Other factors that support the piezoelectric devices market growth include emerging applications of piezoelectric energy harvesting devices and the funding from the investors and government. Evolution of the high-speed communication industry, growing demand for high precision micropositioning devices, promising applications of piezoelectric technology in the medical device sector, and technological advancements in composite materials and piezoelectric polymers is anticipated to boost the market growth in future. However, huge cost that is associated with this material such as lead-based ceramics and piezocrystals may obstruct the global piezoelectric devices market.
Global Piezoelectric Devices Market: Segmentation
The piezoelectric devices market is globally classified based on the product, application, and material. On the basis of product, the market is segregated into hard ceramics, soft ceramics, piezoelectric ceramics, piezoelectric crystals, piezoelectric polymers, piezoelectric composites, and other materials. The application segment is categorized into healthcare, electronic devices, industrial & manufacturing, imaging devices, oil & gas, diagnostic equipment, aerospace & defense, consumer electronics, information & communication, automotive, wearable devices, and other applications. The information & communication application segment is the largest among others. The material segment is divided into transducers, actuators, sensors, multilayer piezoelectric generators, motors, stack actuators, generators, strip actuators, and single-layer piezoelectric generators.
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Global Piezoelectric Devices Market: Regional Analysis
Asia-Pacific is the leading market for the piezoelectric device due to its high growth in the piezoelectric devices. The demand of the piezoelectric devices is escalating owing to the huge potential for the piezoelectric device in various applications in the emerging economies such as South Korea, China, and India. North America emerged as another lucrative market for piezoelectric devices as growth in the information technology, communication, and digitalization helps in the acceptance of portable electronics technology. Rapid urbanization and huge investment by the global healthcare solution providers in the Latin America region in order to meet advanced medical solutions and surgical tools where piezoelectric devices are used drives the piezoelectric devices market.
Global Piezoelectric Devices Market: Competitive Players
Key market players in the global piezoelectric devices market include Noliac A/S, CTS Coporation, APC International, Ltd., Sparkler Ceramics, Morgan Advanced Materials, Piezo Solutions, Mad City Labs Inc., Piezomechanik Dr. Lutz Pickelmann GmbH, and Aerotech Inc. Others prominent players in the market are CeramTec, Harris Corporation, Exelis, Inc., Piezosystem Jena GmbH., Physik Instrumente (PI) GmbH & Co. Kg., Ceramtec GmbH., and US Eurotek, Inc.
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