Global Piezoelectric Market 2016-2020
Published: Nov 2016 | Pages: 67 | SKU: IRTNTR10920 |
Overview of the global piezoelectric market
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.
Competitive landscape and key vendors
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 -
- AAC Technologies
- APC International
- Arkema
- CeramTec
- Exelis
- KYOCERA
Other prominent vendors in the market include Morgan Advanced Materials, Piezosystem Jena, Physik Instrumente, and Nanomotion Motion Solutions.
Segmentation by product and analysis of the piezoelectric market
- Actuators and piezo generators
- Transducers, sensors, accelerators, and piezo transformers
- Resonators, acoustic devices, and ultrasonic motors
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.
Segmentation by material and analysis of the piezoelectric market
- Ceramics
- Composites
- Polymers
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.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global piezoelectric market?
- What are the key market trends impacting the growth of the global piezoelectric market?
- What are the challenges to market growth?
- Who are the key vendors in the global piezoelectric market?
- What are the market opportunities and threats faced by the vendors in the global piezoelectric market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global piezoelectric market?
Technavio also offers customization on reports based on specific client requirement.
Related reports:
Table of Contents
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Common currency conversion rates
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
- Global piezoelectric market: actuators and piezo generators
- Global piezoelectric market: Transducers, sensors, accelerators, and piezo transformers
- Global piezoelectric market: Resonators, acoustic devices, and ultrasonic motors
- Global piezoelectric market: Others
PART 07: Market segmentation by material
- Global piezoelectric market: ceramics
- Global piezoelectric market: Polymers
- Global piezoelectric market: Composites
PART 08: Geographical segmentation
- Piezoelectric market in Americas
- Piezoelectric market in EMEA
- Piezoelectric market in APAC
PART 09: Market drivers
- Rising opportunities for piezoelectric devices in automotive industry
- Increase in demand from military and aerospace sector
- Growing demand from construction industry
- Rise in R&D efforts
PART 10: Impact of drivers
PART 11: Market challenges
- Lack of awareness
- High cost of piezoelectric smart materials
- Low motivation of suppliers
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Growing demand from healthcare sector
- Growing use of piezoelectric electric devices in a number of applications
- Nanotechnology in piezoelectric smart materials
PART 14: Buying behavior
PART 15: Vendor landscape
- Competitive scenario
- Key vendors
- Other prominent vendors
PART 16: Summary of key figures
PART 17: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
- Off-the-shelf research reports
- Reports can be tailored to meet the customer's needs
- Trusted by more than 100 fortune 500 organizations
- Information about the market's key drivers, trends, and challenges
- Parent market analysis
- Every week, 50,000 people visit our subscription platform
- Detailed vendors report with competitive landscape
- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis