Thin Film Piezoelectric Devices Market
Thin Film Piezoelectric Devices Market Forecasts to 2030 - Global Analysis by Product (Piezoelectric Sensors, Piezoelectric Actuators, Piezoelectric Energy Harvesters and Other Products), Material, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $5.8 BN |
|
Projected Year Value (2030) |
US $14.8 BN |
|
CAGR (2024 - 2030) |
16.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Thin Film Piezoelectric Devices Market is accounted for $5.8 billion in 2024 and is expected to reach $14.8 billion by 2030 growing at a CAGR of 16.8% during the forecast period. Thin Film Piezoelectric Devices are miniature parts that transform mechanical energy into electrical energy and vice versa by using thin layers of piezoelectric materials. These devices can be integrated into microelectromechanical systems (MEMS) since they are frequently made using deposition techniques like chemical vapor deposition or sputtering. They are perfect for use in sensors, actuators, energy harvesting, and medical ultrasound because of their great sensitivity, quick response times, and small form factors.
Market Dynamics:
Driver:
Advancements in Energy Harvesting
Advancements in energy harvesting are driving significant growth in the market by enhancing efficiency, miniaturization, and durability. Innovations in materials like PZT and AlN improve power output, enabling broader applications in wearables, IoT sensors, and biomedical devices. Enhanced fabrication techniques, including MEMS integration, boost scalability and cost-effectiveness. The rising demand for self-powered electronics and wireless sensors in industries like healthcare, automotive, and industrial automation further accelerates market adoption, fostering sustainable and energy-efficient solutions.
Restraint:
High Manufacturing Costs
High manufacturing costs in the thin film piezoelectric devices industry hamper growth by limiting affordability and scalability. Expensive raw materials, intricate fabrication procedures, and sophisticated machinery increase production costs, deterring new competitors and lowering company margins. Additionally, high costs limit market expansion by stifling innovation and adoption in cost-sensitive applications. Because of this, producers find it difficult to get economies of scale, which affects both technological improvements and overall competitiveness.
Opportunity:
Increased Adoption in Industrial Automation
The growing use of industrial automation is a major driver of the thin film piezoelectric device market, increasing demand for high-precision sensors, actuators, and energy harvesters. Thin film piezoelectric devices are perfect for robotics, process control, and smart manufacturing since automation demands components that are effective, small, and extremely responsive. Real-time monitoring and predictive maintenance are supported by their capacity to deliver precise and quick mechanical-electrical conversions. The market for these devices keeps growing as industries prioritize automation for cost and efficiency savings.
Threat:
Material Limitations
Material constraints in the industry impede performance, durability, and scalability. Efficiency and longevity are decreased by problems such as low piezoelectric coefficients, material fatigue, and thermal instability. Manufacturing flexibility is limited by substrate and deposition method compatibility issues. Furthermore, the cost of production is raised by expensive or rare materials, which restricts commercialization. These limitations hinder innovation and impact uptake in fields such as medical devices, energy harvesting, and MEMS sensors.
Covid-19 Impact
The COVID-19 pandemic disrupted the thin film piezoelectric devices market due to supply chain disruptions, manufacturing delays, and reduced demand in automotive and consumer electronics. However, increased adoption in medical devices, particularly sensors and ultrasound equipment, offset some losses. Post-pandemic recovery, rising investments in IoT and wearables, and renewed industrial activity are driving market growth despite initial setbacks.
The robotics segment is expected to be the largest during the forecast period
The robotics segment is expected to account for the largest market share during the forecast period, as robotics applications, including medical robots, industrial automation, and consumer robotics, demand compact, high-performance piezoelectric components for enhanced motion control and responsiveness. The rising adoption of automation, AI-driven robotics, and miniaturized electronic systems is accelerating market growth. Additionally, advancements in microelectromechanical systems (MEMS) and increasing investments in smart robotics further boost demand for thin film piezoelectric devices.
The piezoelectric sensors segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the piezoelectric sensors segment is predicted to witness the highest growth rate, because of the growing need for small, highly sensitive sensors in industrial, automotive, consumer electronics, and healthcare applications. For wearables, Internet of Things devices, and medical implants, these sensors provide accurate pressure, vibration, and audio sensing. Growth is further aided by developments in MEMS technology, growing use in energy harvesting, and ultrasonic imaging. Furthermore, their market penetration is improved by the move toward flexible electronics and downsizing.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share due to the growing need in consumer electronics, automotive, and healthcare applications for miniature sensors, actuators, and energy harvesters. Investments in MEMS technology spur innovation, while the expansion of IoT, 5G, and wearable medical devices speeds up acceptance. Government support for defense and aerospace applications accelerates industry growth. The region's market is also growing as a result of developments in flexible electronics and a greater emphasis on energy-efficient solutions.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, owing to growth in 5G deployment, IoT, and medical devices accelerates adoption, while government investments in smart manufacturing enhance opportunities. Expanding renewable energy projects and the push for miniaturized, energy-efficient sensors fuel market expansion. Countries like China, Japan, and South Korea lead innovation, supported by strong R&D ecosystems and increasing demand for high-performance microelectromechanical systems (MEMS) in various industries.
Key players in the market
Some of the key players profiled in the Thin Film Piezoelectric Devices Market include APC International, Ltd, CeramTec GmbH, CTS Corporation, Hanergy, Johnson Matthey Piezo Products GmbH, Kistler Group, Mad City Labs, Inc, Manz AG, Meggitt PLC, Murata Manufacturing Co., Ltd., Noliac A/S, Physik Instrumente (PI) GmbH & Co. KG, PI Ceramic GmbH, Piezosystem Jena GmbH, Sensor Technology Ltd, Sparkler Ceramics Pvt. Ltd, Taiyo Yuden Co., Ltd, TDK Corporation, Tokyo Electron Ltd and TRS Technologies, Inc.
Key Developments:
In September 2024, Tokyo Electron signed a memorandum of understanding with Tata Electronics Private Limited. The two companies will collaborate to accelerate semiconductor equipment infrastructure for India's first Fab being built by Tata Electronics in Dholera, Gujarat, and for its assembly and test facility in Jagiroad, Assam.
In October 2023, TDK announced the launch of the TDK i3 Micro Module, an innovative energy harvesting and storage solution designed to power ultra-low-power IoT devices.
Products Covered:
• Piezoelectric Sensors
• Piezoelectric Actuators
• Piezoelectric Energy Harvesters
• Piezoelectric Micro-Electro-Mechanical Systems (MEMS)
• Other Products
Materials Covered:
• Lead Zirconate Titanate (PZT)
• Aluminum Nitride (AlN)
• Zinc Oxide (ZnO)
• Other Materials
Applications Covered:
• Ultrasound Transducers
• Microfluidics
• Haptic Feedback Devices
• Microphones
• Robotics
• Active Noise Control
• Lidar Sensors
• Precision Navigation Systems
• Energy Harvesting For IoT Devices
• Other Applications
End Users Covered:
• Healthcare & Medical
• Consumer Electronics
• Automotive & Transportation
• Aerospace & Defense
• Industrial & Manufacturing
• Energy & Utilities
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Thin Film Piezoelectric Devices Market, By Product
5.1 Introduction
5.2 Piezoelectric Sensors
5.3 Piezoelectric Actuators
5.4 Piezoelectric Energy Harvesters
5.5 Piezoelectric Micro-Electro-Mechanical Systems (MEMS)
5.6 Other Products
6 Global Thin Film Piezoelectric Devices Market, By Material
6.1 Introduction
6.2 Lead Zirconate Titanate (PZT)
6.3 Aluminum Nitride (AlN)
6.4 Zinc Oxide (ZnO)
6.5 Other Materials
7 Global Thin Film Piezoelectric Devices Market, By Application
7.1 Introduction
7.2 Ultrasound Transducers
7.3 Microfluidics
7.4 Haptic Feedback Devices
7.5 Microphones
7.6 Robotics
7.7 Active Noise Control
7.8 Lidar Sensors
7.9 Precision Navigation Systems
7.10 Energy Harvesting For IoT Devices
7.11 Other Applications
8 Global Thin Film Piezoelectric Devices Market, By End User
8.1 Introduction
8.2 Healthcare & Medical
8.3 Consumer Electronics
8.4 Automotive & Transportation
8.5 Aerospace & Defense
8.6 Industrial & Manufacturing
8.7 Energy & Utilities
8.8 Other End Users
9 Global Thin Film Piezoelectric Devices Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 APC International, Ltd
11.2 CeramTec GmbH
11.3 CTS Corporation
11.4 Hanergy
11.5 Johnson Matthey Piezo Products GmbH
11.6 Kistler Group
11.7 Mad City Labs, Inc
11.8 Manz AG
11.9 Meggitt PLC
11.10 Murata Manufacturing Co., Ltd.
11.11 Noliac A/S
11.12 Physik Instrumente (PI) GmbH & Co. KG
11.13 PI Ceramic GmbH
11.14 Piezosystem Jena GmbH
11.15 Sensor Technology Ltd
11.16 Sparkler Ceramics Pvt. Ltd
11.17 Taiyo Yuden Co., Ltd
11.18 TDK Corporation
11.19 Tokyo Electron Ltd
11.20 TRS Technologies, Inc
List of Tables
1 Global Thin Film Piezoelectric Devices Market Outlook, By Region (2022-2030) ($MN)
2 Global Thin Film Piezoelectric Devices Market Outlook, By Product (2022-2030) ($MN)
3 Global Thin Film Piezoelectric Devices Market Outlook, By Piezoelectric Sensors (2022-2030) ($MN)
4 Global Thin Film Piezoelectric Devices Market Outlook, By Piezoelectric Actuators (2022-2030) ($MN)
5 Global Thin Film Piezoelectric Devices Market Outlook, By Piezoelectric Energy Harvesters (2022-2030) ($MN)
6 Global Thin Film Piezoelectric Devices Market Outlook, By Piezoelectric Micro-Electro-Mechanical Systems (MEMS) (2022-2030) ($MN)
7 Global Thin Film Piezoelectric Devices Market Outlook, By Other Products (2022-2030) ($MN)
8 Global Thin Film Piezoelectric Devices Market Outlook, By Material (2022-2030) ($MN)
9 Global Thin Film Piezoelectric Devices Market Outlook, By Lead Zirconate Titanate (PZT) (2022-2030) ($MN)
10 Global Thin Film Piezoelectric Devices Market Outlook, By Aluminum Nitride (AlN) (2022-2030) ($MN)
11 Global Thin Film Piezoelectric Devices Market Outlook, By Zinc Oxide (ZnO) (2022-2030) ($MN)
12 Global Thin Film Piezoelectric Devices Market Outlook, By Other Materials (2022-2030) ($MN)
13 Global Thin Film Piezoelectric Devices Market Outlook, By Application (2022-2030) ($MN)
14 Global Thin Film Piezoelectric Devices Market Outlook, By Ultrasound Transducers (2022-2030) ($MN)
15 Global Thin Film Piezoelectric Devices Market Outlook, By Microfluidics (2022-2030) ($MN)
16 Global Thin Film Piezoelectric Devices Market Outlook, By Haptic Feedback Devices (2022-2030) ($MN)
17 Global Thin Film Piezoelectric Devices Market Outlook, By Microphones (2022-2030) ($MN)
18 Global Thin Film Piezoelectric Devices Market Outlook, By Robotics (2022-2030) ($MN)
19 Global Thin Film Piezoelectric Devices Market Outlook, By Active Noise Control (2022-2030) ($MN)
20 Global Thin Film Piezoelectric Devices Market Outlook, By Lidar Sensors (2022-2030) ($MN)
21 Global Thin Film Piezoelectric Devices Market Outlook, By Precision Navigation Systems (2022-2030) ($MN)
22 Global Thin Film Piezoelectric Devices Market Outlook, By Energy Harvesting For IoT Devices (2022-2030) ($MN)
23 Global Thin Film Piezoelectric Devices Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Thin Film Piezoelectric Devices Market Outlook, By End User (2022-2030) ($MN)
25 Global Thin Film Piezoelectric Devices Market Outlook, By Healthcare & Medical (2022-2030) ($MN)
26 Global Thin Film Piezoelectric Devices Market Outlook, By Consumer Electronics (2022-2030) ($MN)
27 Global Thin Film Piezoelectric Devices Market Outlook, By Automotive & Transportation (2022-2030) ($MN)
28 Global Thin Film Piezoelectric Devices Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
29 Global Thin Film Piezoelectric Devices Market Outlook, By Industrial & Manufacturing (2022-2030) ($MN)
30 Global Thin Film Piezoelectric Devices Market Outlook, By Energy & Utilities (2022-2030) ($MN)
31 Global Thin Film Piezoelectric Devices Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
