Report Code: A08960 | Pages: NA | Mar 2023 | 2859 Views | ||
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Request Now !A piezoelectric device is one of the systems that uses piezoelectric effect to calculate changes in pressure, acceleration, temperature, strain, or force by transforming them to an electric charge. These devices are manufactured from piezoelectric materials and utilized for process control, quality management, and research & development in several industries including aerospace, nuclear instrumentation, and medical. Piezoceramics is the basic material of piezoelectrical devices, which are used in the automotive industry while designing internal combustion engines to control combustion. Â
The global piezoelectric devices market is segmented on the basis of material, product, industry vertical, and region. Based on material, the piezoelectric devices market is divided into piezoelectric ceramics, crystals, polymers, and composites. In terms of product, the market is categorized into piezoelectric actuators, transducers, sensors, generators, motors, and others. On the basis of industry vertical, the market is divided into manufacturing, healthcare, consumer electronics, communication & technology, automotive, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Top Impacting Factors
Increased use of piezoelectric devices in applications such as cell phones, low power, and portable energy sources in the healthcare sector, structural health monitoring, electronic notebooks, computer disk drives, and robotics is expected create lucrative opportunities for this market. Factors such as emerging applications of piezoelectric energy harvesting devices and investor and government funding is also create growth opportunities for piezoelectric devices market, during the forecast period. However, enormous costs associated with this material such as lead-based ceramics and piezo crystals can impede the global market.Â
Due to various characteristics, such as low manufacturing cost, lightweight, fast processing, and acceptance for biological applications such as bio signal acquisition and support for tissue regeneration/repair is help to boost the market growth. Among piezoelectric polymers, polyvinylidene fluoride (PVDF) and pure thermoplastic fluoropolymers are usually the materials chosen because of their low cost, highly non-reactive properties, super-sensitivity to pressure and compliance with government regulations such as restriction of hazardous substances (RoHS) for materials.
The demand for piezoelectric generators is expected to rise during the forecast period at the highest CAGR amongst the items. Piezoelectric generators are used for the monitoring of blood sugar, medication, and vital signs in various portable medical devices. In the near future the growing demand for such generators in consumer electronic devices is expected to accelerate the growth of the market for piezoelectric devices.
Presence of lucrative automotive, healthcare, and industrial & manufacturing facilities in Europe is expected to boost the market growth. In addition, Europe is home to huge players such as Physik Instrumente (PI) GmbH & Co. in the piezoelectric devices market. KG (Karlsruhe, Germany), CeramTec GmbH (Plochingen, Germany), and Jena GmbH piezosystem (Jena). By developing innovative piezoelectric-based products and devices that are used in multiple application areas, these players are considered trendsetters in this industry.
Advancements of the high-speed communication industry, increasing demand for high-precision micro positioning devices, and technological developments in composite materials and piezoelectric polymers are expected to fuel the market growth in the future. Latest developments in the piezoelectric material sector is developments in piezoelectric materials nanotechnology. The aerospace & defense industry is a prominent end user of piezoelectric equipment and materials. The market for materials with advanced functional properties is experiencing a huge market in the defense industry, where piezoelectricity is extensively implemented in micro robotics and bullets that change direction.
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COVID-19 Scenario AnalysisÂ
Questions Answered in the Piezoelectric Devices Market Research Report
Piezoelectric Devices Market Report Highlights
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Key Market Players | L3HARRIS TECHNOLOGIES INC, CeramTec GmbH, CTS CORPORATION, Physik Instrumente (PI) GmbH & Co. KG., APC International Ltd., piezosystem jena GmbH, Piezo Technologies, Kistler Group, Aerotech Inc., Mad City Labs Inc. |
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