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Piezoelectric Material Market Trends and Forecast

The future of the piezoelectric material market looks promising with opportunities in the automotive, healthcare, IT & telecom, aerospace & defense, and consumer goods industries. The global piezoelectric material market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing demand for high performance sensors in aerospace, automotive, and healthcare industries, increasing adoption of thin film technology in MEMS foundries, and demand for energy harvesting mechanism in various end use industries.
Piezoelectric Material Market by Material, Application, and End Use Industry

Emerging Trends in the Piezoelectric Material Market
Emerging trends, which have a direct impact on the dynamics of the industry, include promising newer applications of piezoelectric polymers in piezoelectric actuators, increasing adoption in flexible and wearable electronics devices, emerging use in of piezo film sensors in active vibration damping applications.

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. To learn the scope, benefits, companies researched and other details of the global piezoelectric material market report, please download the report brochure.
Piezoelectric Material Market by Segments
 
Piezoelectric Material Market by Segments
The study includes trends and forecast for the global piezoelectric material market by material, application, end use industry, and region, as follows:
 
Piezoelectric Material Market by Material [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Piezoceramics
  • Piezopolymers
  • Piezocomposites
  • Others
Piezoelectric Material Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Actuators
  • Sensors
  • Motors
  • Generators
  • Transducers
  • Others
Piezoelectric Material Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Automotive
  • Healthcare
  • Information & Telecom
  • Consumer Goods
  • Aerospace & Defense
  • Others
Piezoelectric Material Market by Region Type [Value ($B) shipment analysis for 2017-2028]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Piezoelectric Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, piezoelectric material companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the piezoelectric material companies profiled in this report include- 
Piezoelectric Material Market Insights
  • Lucintel forecasts that piezoceramics will remain the largest segment over the forecast period due to increasing demand for ceramic-based lead zirconate titanate (PZT) materials as PZT material has a high dielectric constant, piezoelectric constant and excellent capability for producing high piezoelectric voltage corresponding to force pressure or vibration.
  • Consumer goods are expected to remain the largest end use industry due to the growth in electronics manufacturing in China, Japan, Taiwan, and South Korea, technology advancement in consumer electronics sectors, and increasing demand for LEDs.
  • APAC will remain the largest region over the forecast period due to expansion in the manufacturing sectors in developing countries along with rise in foreign investments in the industrial and manufacturing sector, increasing awareness of the importance of energy harvesting systems, and existence of major manufacturing facilities of piezoelectric devices in this region.
Features of the Piezoelectric Material Market
  • Market Size Estimates: Piezoelectric material market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Piezoelectric material market size by various segments, such as by material, application, and end use industry.
  • Regional Analysis: Piezoelectric material market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different materials, applications, end use industries, and regions for the piezoelectric material market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the piezoelectric material market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the piezoelectric material market size?
Answer: The global piezoelectric material market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for piezoelectric material market?
Answer: The global piezoelectric material market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the piezoelectric material market?
Answer: The major drivers for this market are increasing demand for high performance sensors in aerospace, automotive, and healthcare industries, increasing adoption of thin film technology in MEMS foundries, and demand for energy harvesting mechanism in various end use industries.
Q4. What are the major segments for piezoelectric material market?
Answer: The future of the piezoelectric material market looks promising with opportunities in the automotive, healthcare, IT & telecom, aerospace & defense, and consumer goods industries.
Q5. What are the emerging trends in piezoelectric material market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include promising newer applications of piezoelectric polymers in piezoelectric actuators, increasing adoption in flexible and wearable electronics devices, emerging use in of piezo film sensors in active vibration damping applications.
Q6. Who are the key piezoelectric material companies?
Answer: Some of the key Piezoelectric material companies are as follows:
  • PI Ceramic
  • Harris Corporation
  • CeramTec GmbH
  • APC International
  • Morgan Technical Ceramics
  • CTS Corporation
  • Mad City Labs
Q7. Which piezoelectric material segment will be the largest in future?
Answer: Lucintel forecasts that piezoceramics will remain the largest segment over the forecast period due to increasing demand for ceramic-based lead zirconate titanate (PZT) materials as PZT material has a high dielectric constant, piezoelectric constant, and excellent capability for producing high piezoelectric voltage corresponding to force pressure or vibration.
Q8. In piezoelectric material market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to expansion in the manufacturing sector in developing countries along with rise in foreign investments in the industrial and manufacturing sector, increasing awareness regarding the importance of energy harvesting systems, and the existence of major manufacturing facilities of piezoelectric devices in this region.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the piezoelectric material market by material (piezoceramics, piezopolymers, piezocomposites and others), application (actuators, sensors, motors, generators, transducers, and others), end use industry (automotive, healthcare, IT & telecom, consumer goods, aerospace & defense, 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 did occur in the last five years and what has its impact been on the industry?

For any questions related to piezoelectric material market or related piezoelectric material companies, piezoelectric material market size, piezoelectric material market share, piezoelectric material analysis, write Lucintel analyst at email: helpdesk@lucintel.com  we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Piezoelectric Materials Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Piezoelectric Material Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Piezoelectric Material Market by Material 
3.3.1: Piezoceramics
3.3.1: Piezopolymers
3.3.1: Piezocomposites
3.3.1: Others
3.4: Global Piezoelectric Material Market by Application 
3.4.1: Actuators
3.4.2: Sensors
3.4.3: Motors
3.4.4: Generators
3.4.5: Transducers
3.4.6: Others
3.5: Global Piezoelectric Material Market by End Use Industry  
3.5.1: Automotive
3.5.2: Healthcare
3.5.3: Information & Telecom
3.5.4: Consumer Goods
3.5.5: Aerospace & Defense
3.5.6: Others
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Piezoelectric Material Market by Region
4.2: North American Piezoelectric Material Market
4.2.1: North American Piezoelectric Material Market by Material
4.2.2: North American Piezoelectric Material Market by End Use Industry 
4.3: European Piezoelectric Material Market
4.3.1: European Piezoelectric Material Market by Material
4.3.2: European Piezoelectric Material Market by End Use Industry 
4.4: APAC Piezoelectric Material Market 
4.4.1: APAC Piezoelectric Material Market by Material
4.4.2: APAC Piezoelectric Material Market by End Use Industry 
4.5: ROW Piezoelectric Material Market 
4.5.1: ROW Piezoelectric Material Market by Material
4.5.2: ROW Piezoelectric Material Market by End Use Industry 
 
5. Competitor Analysis
5.1: Material Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Piezoelectric Material Market by Material 
6.1.2: Growth Opportunities for the Global Piezoelectric Material Market by Application 
6.1.3: Growth Opportunities for the Global Piezoelectric Material Market by End Use Industry 
6.1.4: Growth Opportunities for the Global Piezoelectric Material Market by Region
6.2: Emerging Trends in the Global Piezoelectric Material Market 
6.3: Strategic Analysis
6.3.1: New Material Development
6.3.2: Capacity Expansion of the Global Piezoelectric Material Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Piezoelectric Material Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: PI Ceramic
7.2: Harris Corporation
7.3: CeramTec GmbH
7.4: APC International
7.5: Morgan Technical Ceramics
7.6: CTS Corporation
7.7: Mad City Labs 
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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