Enjoy complimentary customisation on priority with our Enterprise License!
The global piezoelectric market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The increasing demand from military and aerospace sector will drive the growth prospects for the global piezoelectric market during the forecast period. Materials such as shape memory, electrochromism, and piezoelectricity are gaining demand in the aerospace industries because they contain various enhanced functional properties. These materials are used to control the airflow across the wings of an aircraft that helps to maintain the flight, landing, and control of noise. One of the major factors leading to the piezoelectric market’s growth is the increasing demand from the aerospace industries for various applications such as the wing morphing and flapping wing technologies. Also, piezoelectric devices are used to rectify the aircraft problems such as the engine vibration, high cabin noise levels, ice formation on wings, flow separation due to turbulence, and control surfaces in cold climatic conditions. Also, piezoelectric materials are also used for piezo accelerometers, flow meters, gyroscopes level sensors, and pressure sensors in the aerospace industry. Furthermore, in the military, piezoelectric devices are used in applications such as smart sensors, smart nanorobotics, smart combat suits, and smart skins.
In 2015, the piezoelectric market was dominated by the Americas and will continue to grow in the forthcoming years. The growing demand for a better healthcare infrastructure is resulting in the increasing consumption of piezoelectric devices in the region. This demand comes mainly from the aging population, which is compelling the government to invest in advanced facilities for the healthcare industry.
The global piezoelectric market is highly competitive due to the presence of many vendors in the market. These vendors are constantly innovating and introducing new products that cater to many unmet needs in the market. Furthermore, since these vendors have a wide geographical presence, they sell their products on a global level. Also, to gain an edge over their competitors, they focus on expanding their geographical presence in the market. Moreover, to ensure the timely deployment of piezoelectric devices, the vendors are focusing highly on heavy investments in R&D and the expansion of their production capacity.
Key vendors in this market are -
Other prominent vendors in the market include Morgan Advanced Materials, Piezosystem Jena, Physik Instrumente, and Nanomotion Motion Solutions.
The actuators and piezo generators segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth is the increasing demand for actuators and piezo generators from the automotive industry. Also, the advantages such as reliability and cost-effectiveness offered by piezoelectric actuators and generators will drive the segment’s growth during the forecast period.
The ceramics segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth is the superior attributes that exhibit larger displacements or induce larger electric voltages compared with other conventional ceramic materials.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by material
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Buying behavior
PART 15: Vendor landscape
PART 16: Summary of key figures
PART 17: Explore Technavio
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.