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2023

Piezoceramic Discs Market

Piezoceramic Discs Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Semiconductors

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Author's: Himanshu Jangra | Sonia Mutreja
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The global piezoceramic discs market was valued at $2.9 billion in 2022, and is projected to reach $5.4 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032

Piezoceramic discs are small, light, and noiseless. They are extremely effective, requiring minimal power and reacting swiftly. Piezo discs are then polarized after being physically or chemically metallized. The piezo is only metallicized on the faces, not the sides. The layer(s) of piezoceramic disc material is joined with a substrate in both unimorphic and bimorphic devices. Piezo discs are often used as actuators, sensors, and transducers in a wide range of industries and applications. As a bimorph with two piezoelectric layers, piezo disc bimorphs greatly improve the power and range of a piezoelectric actuator while consuming very little electrical current. Because of their tiny, lightweight, and thin form, piezo discs are extremely effective and consume very little power. Piezo discs can operate in extreme temperatures and conditions while delivering high frequency and transient responses.
The global piezoceramic discs market is expected to witness notable growth during the forecast period, owing to increasing adoption of piezoelectric devices for application. Moreover, the growing demand for piezoelectric sensors and actuators from various end-use industries is expected to drive the piezoceramic discs market size. Furthermore, the rising demand for piezoelectric inkjet print heads from the printing industry is reshaping the future of piezoceramic discs industries during the forecast period.

However, the high cost of raw materials for piezoceramic discs is one of the prime factors that restrain the piezoceramic discs market growth. Further, the rising demand for piezoelectric devices in developing applications is projected to provide lucrative opportunity to expand the Piezoceramic discs market during the forecast period.

Piezoceramic Discs Market

The piezoceramic discs market is segmented into Type, Application, and Region

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Piezoceramic Discs Market by Type

On the basis of type, the market is categorized into below 10mm, 10mm to 50mm, and above 50mm. In 2022, the above 50mm segment dominated the market in terms of revenue and is expected to follow the same trend during the forecast period. However, the 10mmto 50mm segment is expected to emerge as the fastest-growing segment of the market during the forecast period.

Piezoceramic Discs Market by Application


By application, the piezoceramic discs market is classified into sensors and actuators, energy harvesting, medical device, industrial applications, and consumer electronics. The sensor and actuators segment dominated the market in 2022 and is expected to follow the same trends during the forecast period. On the other hand, the consumer electronics segment is expected to grow at a high CAGR during the forecast period.

Piezoceramic Discs Market by Region

Region-wise, the piezoceramic discs market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific, specifically China, remains a significant participant in the piezoceramic discs market. The piezoceramic discs market in the Asia-Pacific region is growing due to rapid urbanization, infrastructure development, industrialization, increasing demand for piezoceramic sensors and actuator solutions, and investments in the rising demand for precision sensors. Further, North America is expected to emerge as one of the most lucrative markets for piezoceramic discs during the forecast period of 2023-2032.

COMPETITION ANALYSIS

Competitive analysis and profiles of the major global Piezoceramic discs market players that have been provided in the report PI Ceramic, Murata, TDK, Taiyo Yuden, Sparkler Ceramics, CeramTec, Fuji Ceramics Corporation, Physik Instrumente (PI), Micromechatronics Inc., and American Piezo Ceramics, Inc.

Country Analysis

In North America, the U.S. acquired a prime share in the piezoceramic discs market forecast in the North American region in 2022 and is expected to grow at a high CAGR of 6.0% during the forecast period. The U.S. is a major player in the piezoceramic discs market, owing to its highly developed infrastructure, strong manufacturing sector, and investments in advancements in medical device technologies. The country has a large and skilled workforce, which helps it to maintain its competitive edge in the global piezoceramic discs market outlook.

In Europe, the UK dominated the piezoceramic discs market opportunity in in terms of revenue in 2022 and is expected to follow the same trend during the forecast period. The UK is known for its technological innovation and high-quality products, and this is reflected in its piezoceramic discs market. The country has a highly advanced manufacturing sector and is home to some of the world's leading companies in the field. Innovations in material compositions, manufacturing processes, and product designs are driving improvements in sensitivity, durability, and miniaturization.

In Asia-Pacific, China is emerging as a major player in the piezoceramic discs market due to its vast manufacturing capabilities and significant investments in infrastructure development. The country has a large and growing middle class, which is driving demand for better and more efficient semiconductor solutions. However, the Rest of Asia-Pacific is expected to emerge as a dominant country in piezoceramic discs market. The combination of increasing demand, government policies, technological improvements, and precision sensors solutions have all contributed to India's growth in piezoceramic discs solutions.

In LAMEA, Latin America held a significant piezoceramic discs market share in 2022 owing to the presence of prime vendors in this region. In Latin America, Brazil and Argentina are the leading markets for piezoceramic discs. The region is experiencing rapid urbanization, infrastructure development, and industrialization, which is driving the demand for piezoceramic discs-based systems. Furthermore, the region presents a great significant piezoceramic discs market opportunity for growth due to advancements in actuation technologies and rising demand for semiconductor solutions.

TOP IMPACTING FACTORS

Significant factors that impact the growth of the global piezoceramic discs industry include, the growing demand for piezoelectric sensors and actuators from various end-use industries paired with the rising demand for piezoelectric inkjet print heads from the printing industry are expected to drive market opportunity. Further, the increasing adoption of piezoelectric devices for application is expected to drive the market in the coming years. However, the high cost of raw materials for piezoceramic discs is acting as one of the prime barriers for early adoption, which hampers the growth of the market. On the contrary, the rising demand for piezoelectric devices in developing applications is expected to offer potential growth opportunities for the Piezoceramic discs market during the forecast period.

HISTORICAL DATA & INFORMATION

The Piezoceramic discs market is highly competitive, owing to the strong presence of existing vendors. Vendors of Piezoceramic discs machines with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in the market is expected to increase as technological innovations, product extensions, and different strategies adopted by key vendors increase.

KEY DEVELOPMENTS/ STRATEGIES

PI Ceramic, Murata, TDK, Taiyo Yuden, and CeramTec. are the top 5 companies holding a prime share in the Piezoceramic discs market. Top market players have adopted various strategies, such as product launch, partnership, product upgrade, and product development, and others to expand their foothold in the piezoceramic discs market.

  • In 2022, Murata launched a new line of piezoceramic discs for use in ultrasonic sensors. The new discs are said to be more accurate and sensitive than previous generations, making them ideal for applications such as medical imaging and industrial inspection.
  • In 2021, Murata acquired Piezo Kinetics, a US-based company that specializes in piezoceramic materials and components. The acquisition gave Murata access to Piezo Kinetics' expertise in piezoceramics, which will help the company to further develop its piezoceramic disc products.
  • In 2020, Murata expanded its piezoceramic disc manufacturing capacity in China. The expansion was part of Murata's plan to meet the growing demand for piezoceramic discs in the global market.
  • In 2022, TDK developed a new type of piezoceramic disc that is said to be more durable and resistant to damage than previous generations. The new discs are said to be ideal for use in applications where reliability is critical, such as medical devices and industrial equipment.
  • In 2021, TDK acquired Piezo Systems, a US-based company that specializes in piezoceramic materials and components. The acquisition gave TDK access to Piezo Systems' expertise in piezoceramics, which will help the company to further develop its piezoceramic disc products.
  • In 2022, PI Ceramic developed a new type of piezoceramic disc that is said to be more efficient and powerful than previous generations. The new discs are said to be ideal for use in applications such as ultrasonic motors and pressure sensors.
  • In 2021, PI Ceramic expanded its piezoceramic disc manufacturing capacity in Germany. The expansion was part of PI Ceramic's plan to meet the growing demand for piezoceramic discs in the global market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the piezoceramic discs market analysis from 2022 to 2032 to identify the prevailing piezoceramic discs market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the piezoceramic discs market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global piezoceramic discs market trends, key players, market segments, application areas, and market growth strategies.

Piezoceramic Discs Market Report Highlights

Aspects Details
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Market Size By 2032

USD 5.4 billion

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Growth Rate

CAGR of 6.6%

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Forecast period

2022 - 2032

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Report Pages

212

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By Type
  • Below 10mm
  • 10mm to 50mm
  • Above 50mm
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By Application
  • Sensor and Actuators
  • Energy Harvesting
  • Medical Device
  • Industrial Applications
  • Consumer Electronics
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Murata Manufacturing Co.,Ltd, Micromechatronics Inc, TRS Technologies, Inc, CTS Corporation, CeramTec GmbH, Sparkler Ceramics Pvt. Ltd., TDK Corp., Fuji Ceramics Corporation, Physik Instrumente (PI) GmbH & Co. KG., Sensor Technology Ltd

Analyst Review

The piezoceramic discs market has witnessed significant growth in recent years, owing to advancements in technology with the rising demand for precise sensing, actuation, and energy harvesting solutions. Moreover, the rise in demand for highly accurate and responsive sensors across semiconductor solutions has shown lucrative growth opportunities for the piezoceramic discs market. Piezoceramic discs provide superior sensing capabilities, allowing for exact measurements and dependable data gathering. This is very useful in applications like pressure sensors, accelerometers, and ultrasound devices.
The global piezoceramic discs market is highly competitive, owing to the strong presence of existing vendors. Piezoceramic discs vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.

The rise in demand for piezoceramic discs solution in sensors and actuators, energy harvesting, and medical device applications has witnessed a surge, owing to their exceptional sensing accuracy, precise actuation capabilities, compact size, and lightweight design. Moreover, prime economies, such as the U.S., China, Germany, and Japan, plan to develop and deploy next-generation piezoceramic discs-based advanced semiconductor solutions is anticipated to provide lucrative opportunities for market growth.

Among the analyzed geographical regions, Asia-Pacific exhibits the highest adoption of piezoceramic discs and has been experiencing a massive expansion of the market. On the other hand, North America is expected to grow at a faster pace, predicting lucrative growth due to emerging countries such as U.S. and Mexico investing in these technologies. Regions such as the Middle East and Africa are expected to offer new opportunities for the growth of the piezoceramic discs market in the future.
The key players profiled in the report include Physik Instrumente (PI) GmbH & Co. KG., Murata, TDK, CTS Corporation, Sparkler Ceramics, CeramTec, Fuji Ceramics Corporation, TRS Technologies, Inc, Micromechatronics Inc., and Sensor Technology Ltd are provided in this report.

Author Name(s) : Himanshu Jangra | Sonia Mutreja
Frequently Asked Questions?

Asia-Pacific, specifically China, remains a significant participant in the piezoceramic discs market

The sensor and actuators segment dominated the market in 2022 and is expected to follow the same trends during the forecast period.

The global piezoceramic discs market was valued at $2.86 billion in 2022 and is projected to reach $5.43 billion by 2032, registering a CAGR of 6.6% from 2023 to 2032.

Significant factors that impact the growth of the global piezoceramic discs industry include, the growing demand for piezoelectric sensors and actuators from various end-use industries paired with the rising demand for piezoelectric inkjet print heads from the printing industry are expected to drive market opportunity.

PI Ceramic, Murata, TDK, Taiyo Yuden, and CeramTec. are the top 5 companies holding a prime share in the Piezoceramic discs market.

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Piezoceramic Discs Market

Global Opportunity Analysis and Industry Forecast, 2023-2032