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Piezoelectric Devices Market Size (2024 - 2029)

The piezoelectric devices market is anticipated to experience significant growth, driven by the unique properties of piezoelectric materials that enable charge reversibility and both direct and converse effects. The integration of piezoelectric technology is increasingly replacing traditional electrochemical batteries, particularly with advancements in wireless and micro-electro-mechanical technologies. This shift is enhancing energy harvesting efficiency, leading to greater adoption in the electrical and consumer electronics sectors. Additionally, the expanding use of piezoelectric devices in specialized applications, such as micro-actuator medical tools and micro-grippers in the automotive industry, is expected to further propel market expansion.

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Market Size of Piezoelectric Devices Industry

Piezoelectric Device Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Europe
Largest Market North America
Market Concentration Medium

Major Players

Piezoelectric Device Market Key Players

*Disclaimer: Major Players sorted in no particular order

Piezoelectric Devices Market Analysis

Piezoelectric Device Market is expected to register a CAGR of over 6% during the forecast period (2021 - 2026). Piezoelectric materials having the unique characteristic of charge reversibility which allows them to exhibit direct as well as the converse piezoelectric effect thereby creating huge opportunities across various end-user sectors.

  • With the development of wireless technology and micro-electro-mechanical technology, the flaws of electrochemical batteries as power sources have gradually been substituted by the integration of piezoelectric technology, thereby driving the demand for piezoelectric devices.
  • Based on the piezoelectric vibration energy harvesters, the improvements on the structure design of electronic circuit components were getting high adoption in view of the energy harvesting efficiency along with their advantages of simple structure, no pollution and easily microminiaturizing, thereby generating high demand across the electrical as well as consumer electronics sector.
  • Growing application of piezoelectric devices to save costs and meet the requirements of specific applications provides benefits in terms of speed, size, reliability, resolution and vacuum compatibility for application such as micro-actuator medical tools for invasive surgery in healthcare sector, as well as micro-gripper to manufacture high-temperature diesel injector valves across the automobile industry is expected to drive growth during the forecast period.

Piezoelectric Devices Industry Segmentation

Piezoelectricity is the appearance of an electrical potential (a voltage, in other words) across the sides of a crystal when you subject it to mechanical stress (by squeezing it).Piezoelectricity (pressing electricity) uses crystals to convert mechanical energy into electricity or vice-versa. When pressure is applied to a polarized crystal, it produces a mechanical deformation which in turn results in an electrical charge. Piezoelectric materials are ionically bonded and consist of atoms with positive and negative charges, called ions. These ions occupy positions in specific repeating units, called unit cells. 

By Product Type
Actuators & Motors
Sensors
Transducers
Generator
Ceramics
Other Product Types
By End-user Industry
IT & Telecommunication
Consumer Electronics
Manufacturing & Industrial
Automotive
Healthcare
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
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Piezoelectric Devices Market Size Summary

The piezoelectric devices market is poised for significant growth, driven by the unique properties of piezoelectric materials that allow for both direct and converse effects. This characteristic is creating substantial opportunities across various end-user sectors. The shift from traditional electrochemical batteries to piezoelectric technology, spurred by advancements in wireless and micro-electro-mechanical systems, is a key factor propelling market demand. The efficiency and environmental benefits of piezoelectric vibration energy harvesters are leading to their increased adoption in electrical and consumer electronics. Additionally, the growing use of piezoelectric devices in healthcare and the automotive industry, for applications such as micro-actuator medical tools and high-temperature diesel injector valves, is expected to further drive market expansion.

In the industrial sector, the integration of piezoelectric crystal technology is enhancing automation processes, offering benefits like high torque density and motor efficiency. The demand for energy-efficient solutions is also boosting the market, with industries adopting piezoelectric motors to optimize factory operations. North America, with its focus on portable electronics and advanced medical solutions, is a significant market region, supported by substantial R&D investments from key manufacturers. The competitive landscape is moderately concentrated, with major players dominating but new entrants expanding their presence in emerging economies. Strategic partnerships and product innovations, such as those by PI Ceramic and Aerotech Inc., are further shaping the market dynamics.

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Piezoelectric Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Demad for Piezoelectric Materials in Energy Conservation & Industrial Sector

      2. 1.2.2 Rising Integration of Piezoelectric Technology in Portable Devices

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost & Complexity in the Manufacturing Process

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Actuators & Motors

      2. 2.1.2 Sensors

      3. 2.1.3 Transducers

      4. 2.1.4 Generator

      5. 2.1.5 Ceramics

      6. 2.1.6 Other Product Types

    2. 2.2 By End-user Industry

      1. 2.2.1 IT & Telecommunication

      2. 2.2.2 Consumer Electronics

      3. 2.2.3 Manufacturing & Industrial

      4. 2.2.4 Automotive

      5. 2.2.5 Healthcare

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 South Korea

        4. 2.3.3.4 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 Latin America

        2. 2.3.4.2 Middle-East & Africa

Piezoelectric Devices Market Size FAQs

The Piezoelectric Devices Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

Aerotech Inc., Physik Instrumente (PI) GmbH & Co. KG., APC International Ltd., piezo.com and Morgan Advanced Materials are the major companies operating in the Piezoelectric Devices Market.

Piezoelectric Devices Market Report Snapshots

Piezoelectric Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)