According to the latest market research study released by Technavio, the global piezoelectric market is expected to grow at a CAGR of more than 6% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Click here to request a free sample of this report
Technavio research analysts categorize the global piezoelectric market based on product:
Global piezoelectric market shares by product 2015
|
Actuators and piezo generators |
35.12% |
|
Transducers, sensors, accelerators, and piezo transformers |
31.45% |
|
Resonators, acoustic devices, and ultrasonic motors |
24.86% |
|
Others |
8.57% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Global piezoelectric market: actuators and piezo generators
In 2015, the actuators and piezo generators segment accounted for around 35% share in the global piezoelectric market and is expected to grow at a CAGR of around 7% during the forecast period. Advantages such as reliability and cost-effectiveness offered by piezoelectric actuators and generators will drive the market growth during the forecast period. Besides this, the growing demand for ultra-precision motion devices that are used in sectors such as automotive, non-destructive testing, manufacturing, structural health monitoring, and consumer electronics will drive the market growth during the forecast period.
“Piezoelectric actuators deliver superior advantages in terms of speed, size, reliability, resolution, and vacuum compatibility. They are finding usage in areas of autofocus assemblies used in phone cameras, fuel injectors consumed in the automotive sector, and precision movement applications in microelectronics production. They are also used in emerging applications such as micro-actuator medical tools for surgical purposes which will drive the market growth during the forecast period,” says Sunil Kumar Singh, a lead analyst at Technavio for research on semiconductor equipment.
Furthermore, piezoelectric generators are commonly used in cigarette lighters and gas-enabled barbecue grills.
Global piezoelectric market: Transducers, sensors, accelerators, and piezo transformers
The global piezoelectric market in the transducers, sensors, accelerators, and piezo transformers segment will grow at a CAGR of around 7% during the forecast period. Piezoelectric transducers have many applications in industrial, personal, and environmental fields. They are extensively applied in residential products such as pest deterrents, motion and object detectors, and home security alarms and find applications in electronic devices such as remote control units, toys, and games. Piezoelectric sensors are also used for the measurement of processes such as process control, quality assurance, and R&D in various industries. In the automobile industry, these piezoelectric sensors are used to monitor combustion while developing internal combustion engines.
Global piezoelectric market: Resonators, acoustic devices, and ultrasonic motors
The global piezoelectric motors market will show a substantial growth during the forecast period because of the increasing demand from the automotive industry for shape memory actuators and motors. The global automobile industry will grow at a significant rate during the forecast period which will generate the demand for piezoelectric motors. Moreover, in environments with strong magnetic fields or cryogenic temperatures, where the conventional motors are unlikely to function, piezoelectric motors are used as they do not contain any magnetic material. A piezo motor works based on the change in the piezoelectric material’s mechanical shape on the application of tension. Owing to their higher efficiency and lower cost than shape memory alloys, the need for piezoelectric devices will grow.
The ultrasonic motors are used in autofocus of camera lens, compact paper handling devices and watches, conveying machine parts, drying, and many other devices. It is expected that the ultrasonic motors may find applications in areas such as automobile industry, nano-positioning, microelectronics, MEMS technology, and consumer goods during the forecast period.
The top leading vendors operating in the global piezoelectric market are:
- AAC Technologies
- APC International
- Arkema
- CeramTec
- Exelis
- KYOCERA
Other prominent vendors in the market include Morgan Advanced Materials, Piezosystem Jena, Physik Instrumente, and Nanomotion Motion Solutions.
A more detailed analysis is available in the Technavio report titled, ‘Global Piezoelectric Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
