Chemical

According to a market report by Lucintel, the future of the piezo-ceramic market looks promising with opportunities in the industrial & manufacturing, automotive, information & telecommunication, and medical device applications. The global piezo-ceramic market is expected to reach an estimated $1.95 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are growing requirement for ceramics that are versatile and can easily fit in specific applications and increasing usage of piezoelectric ceramics in various applications, such as sensor-based data collection on materials in space and satellite location.



In this market, lead zinc titanate, lead titanate, and lead magnesium niobate are the major segments of piezo-ceramic market by product type. Lucintel forecasts that lead zinc titanate is expected to witness highest growth over the forecast period due to the increasing utilisation of these piezo-ceramic owing to its high sensitivity and operating temperature.



Within this market, medical device is expected to witness highest growth over the forecast period due to extensive use of piezo-ceramic in medical gadgets such as forming integral parts of medical and dental hand pieces, aspirators, nebulizers, and ultrasonic cleaners.



APAC is expected to witness highest growth over the forecast period due to the presence of piezo-ceramic manufacturing hubs in China.

Aerotech, APC International, CeramTec GmbH, CTS Corporation, and Kistler Group are the major suppliers in the global piezo-ceramic market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global piezo-ceramic market by product type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Piezo-Ceramic Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global piezo-ceramic market by product type, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the piezo-ceramic market by product type (lead zinc titanates, lead titanate, lead magnesium niobate, and others), application (industrial & manufacturing, automotive, information & telecommunication, medical devices, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?