Piezoelectric Devices - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Piezoelectric Devices Market is accounted for $26.87 billion in 2018 and is expected to reach $42.41 billion by 2027 growing at a CAGR of 5.2% during the forecast period. While the factors pressure on existing infrastructure due to increasing demand for aerospace & defense sector and technological advancements in composite materials are fuelling the growth of the market. However, high cost & complexity in the manufacturing process is likely to hamper the profit boundaries of the market.
A piezoelectric device uses the piezoelectric produce to measure changes in force, temperature, acceleration, and force by converting them into an electric pulsation. Piezoelectric devices are used in various industries for excellence assurance, procedure control, and research and development. These devices are used in medical, aerospace, and nuclear instrumentation, and consumer electronics.
Based on Material, Piezoelectric Polymers segment is going to have a lucrative growth during the forecast period due to growing adoption of piezoelectric device such as sensors, actuators, and motors for aerospace & defense applications. By geography, Asia Pacific is likely to have a huge demand due to increasing government initiatives, growing population and technological advancements in emerging countries are the driving factors for the region.
Some of the key players in Global Piezoelectric Devices market include Aerotech Inc, APC International, LTD, Cedrat Technologies, CeramTec GmbH, CTS Corporation, Dytran Instruments Incorporated, Kistler Group, L3HARRIS TECHNOLOGIES, Inc., Mad City Labs, Inc., Mide Technology Corp., Omega Piezo Technologies, Inc., PCB Piezotronics, Inc., Physik Instrumente (PI) GmbH & Co. Kg., Piezo Solutions, Piezo Technologies, Piezomechanik Dr. Lutz Pickelmann GmbH, Piezomotor and Piezosystem Jena GmbH.
• Piezoelectric Composites
• Piezoelectric Crystals
• Piezoelectric Polymers
• Piezoelectric Ceramics
• Piezoelectric Motors
• Piezoelectric Sensors
• Piezoelectric Transducers
• Piezoelectric Generators
• Piezoelectric Actuators
• Consumer Electronics
• Oil & Gas
• Aerospace & Defense
• Information & Communication
• Industrial & Manufacturing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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