Piezoelectric Device Market Report

The market for Piezoelectric Devices shows potential for further development on the back of increasing application of Piezoelectric Devices in vibration energy harvesting. It has been observed that constant advancements are taking place in piezoelectric materials as it forms a significant technology in the manufacturing of numerous consumer and industrial products. Potential applications of Piezoelectric Devices lie in the automotive, industrial, healthcare, and manufacturing sectors.

Widespread Application in the Manufacturing Sector to Foster Market Growth in Future

Extensive usage of piezoelectric materials in the manufacturing of sensors, actuators, and electronics is likely to contribute to the robust growth of the Piezoelectric Device market. Advancements in nanotechnology have also positively influenced the growth of the Piezoelectric Device market. Besides, robust growth of the consumer electronics and automotive sector has supported the demand for actuators, which is positively impacting the demand for Piezoelectric Devices.

Market Participants to Engage in R&D Investments in Near Future

Industry experts have comprehensively studied the key development activities of the key players functioning in the Piezoelectric Device market comprising Discovery Technology International Inc., Dr. Fritz Faulhaber GmbH & Co. KG, Physik Instrumente (PI) GmbH & Co. KG, Attocube systems AG, PiezoMotor Uppsala AB, SmarAct GmbH, Cedrat Technologies, Exelis, and Nanomotion Inc.

Companies are anticipated to involve in R&D investments to come up with innovative piezo solutions. Moreover, the manufacturers are focusing on reducing the operational cost during production. Some of the companies are also entering into collaborations with research institutes to consolidate their position in the market.

Market Segmentation

By Type

●  Actuators

●  Transducers

●  Motors

●  Linear Piezoelectric Motor

●  Rotatory Piezoelectric Motor

●  Sensors

●  Generators

By Material

●  Piezoceramics

●  Piezopolymers

●  Piezocomposites

●  Piezocrystals

By Application

●  Industrial

●  Automotive

●  Healthcare

●  Instrumentation

●  Optics & Photonics

●  Others

Analysts say that actuators will witness robust demand in the forthcoming years on account of their exceptional reliability and cost-effectiveness. Piezoceramics are gaining traction as a key material type on account of its high piezoelectric sensitivity. Most commonly used piezoelectric ceramic material is Lead zirconate titanate or PZT. As far as the application is concerned, Piezoelectric Device is expected to gain popularity in the automotive and industrial manufacturing sector in the years to come.

By Region

The researchers have anticipated that APAC will emerge as a lucrative region in the years to come, the reason being growing investment by the prominent manufacturers in this region. Booming automotive sector in countries such as China and India could benefit the Piezoelectric Device market growth in Asia Pacific. Further, widespread adoption of Piezoelectric Devices and materials for various applications may stimulate the growth of the regional market

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