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2023

Piezoelectric Hemispheres Market

Piezoelectric Hemispheres Market Size, Share, Competitive Landscape and Trend Analysis Report by Material (Ceramic, Polymer, Others), by Application (Energy Harvesting, Acoustic Sensors, Medical Devices, Industrial Automation, Others), by End-use industry (Healthcare, Automotive, Aerospace, Consumer electronics, Industrial manufacturing): Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Himanshu Jangra | Vineet Kumar
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The global piezoelectric hemispheres market size was valued at $1 billion in 2021, and is projected to reach $1.9 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031 

Piezoelectric hemispheres are spherical structures made of piezoelectric materials that exhibit the unique property of generating an electric charge when subjected to mechanical stress, and vice versa. Due to this property, piezoelectric materials are widely used in various applications such as sensing, actuation, and energy harvesting. In the semiconductor industry, piezoelectric transducers find applications in various ways. Piezoelectric hemispheres can be integrated into micro-electromechanical systems (MEMS) to enable precise and accurate sensing and actuation capabilities. The piezoelectric material can also be used to produce acoustic waves that are utilized for signal processing and communications in semiconductor devices such as filters and resonators. 

In the semiconductor industry, piezoelectric hemispheres are used to improve the performance of semiconductor devices by providing precise and accurate sensing and actuation capabilities.  In addition, the use of piezoelectric materials in producing single-crystal semiconductor materials allows the production of high-quality semiconductor devices with improved performance characteristics. As a result, the demand for piezoelectric hemispheres in the semiconductor industry is expected to continue to grow as the industry advances and new applications emerge.      

The report offers a thorough analysis of the piezoelectric hemispheres market with a detailed study of various aspects of the market such as market dynamics, vital segments, major geographies, key players, and competitive landscape. The report provides a clear picture of the current market situation and future trends of the piezoelectric hemispheres market based on the impact of various market dynamics and vital forces influencing the market. The drivers and opportunities in the market contributing to the market growth are acknowledged in the market dynamics. Besides, challenges and restraints that hold the potential to hamper market growth are also premeditated in the piezoelectric hemispheres market. Porter's five forces analysis is delivered through the report which precisely highlights the effects of key forces on the piezoelectric hemispheres market. The report offers market size and estimations analyzing the piezoelectric hemispheres market through various segments.

Piezoelectric Hemispheres Market

The global piezoelectric hemispheres market is expected to witness notable growth during the forecast period, owing to the surge in demand for piezoelectric hemispheres in medical and industrial applications. Moreover, the rise in the adoption of piezoelectric hemispheres in the automotive sector majorly drives the piezoelectric hemispheres market outlook. The rapid advancements in technology across various sectors are projected to shape the future of piezoelectric hemispheres industries.  

However, the high risk associated with data privacy and security-related concerns is one of the prime factors that restrain the piezoelectric hemispheres market growth. Further, the rise in demand for non-invasive medical imaging and diagnostics is projected to provide a lucrative opportunity to expand the piezoelectric hemispheres market during the forecast period.

The piezoelectric hemispheres market forecast is segmented into the Material, Application, End-use industry, and Region.

Piezoelectric Hemispheres Market by Material

By material, the piezoelectric hemispheres market opportunity is divided into ceramic, polymer, and crystalline. In 2021, the ceramic segment dominated the market in terms of revenue and is expected to follow the same trend during the forecast period. However, the polymer segment is expected to emerge as the fastest-growing segment of the market during the forecast period 2022-2031.

Piezoelectric Hemispheres Market by Application

Based on application, the piezoelectric hemispheres market size is segmented into energy harvesting, acoustic sensors, medical devices, industrial automation, and others. The medical devices segment accounted prime share in the piezoelectric hemisphere's market analysis during the year 2021. 

Piezoelectric Hemispheres Market by End-use industry

By end-use industry, the piezoelectric hemispheres market share is classified into healthcare, automotive, aerospace, consumer electronics, and industrial. The healthcare segment dominated the market in 2021 in terms of revenue and is expected to dominate the market during the forecast period.

Piezoelectric Hemispheres Market by Region

Region-wise, the piezoelectric hemispheres market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, 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 piezoelectric hemispheres market. Major organizations and government institutions in the Asia-Pacific region has significantly put resources into action to develop enhanced wireless sensor-based wearable electronics solution is driving the growth of the piezoelectric hemispheres industry in Asia-Pacific.

COMPETITIVE ANALYSIS 

Competitive analysis and profiles of the major global piezoelectric hemispheres market players that have been provided in the report include Physik Instrumente (PI) GmbH & Co. KG, APC International, Ltd., Morgan Advanced Materials PLC, Piezo Technologies, CeramTec GmbH, Piezosystem Jena GmbH, KYOCERA Corporation, Smart Material Corp., Meggitt SA, and Sensortech Canada. 

Country Analysis 

Country-wise, the U.S. acquired a prime share in the piezoelectric hemispheres market in the North American region in 2021 and is expected to grow at a high CAGR of 4.5% during the forecast period. The U.S. held a dominant position in the piezoelectric hemispheres market, owing to prime players in this region putting resources into action to develop next-generation advanced medical and industrial devices. 

In Europe, Germany dominated the piezoelectric hemispheres market in terms of revenue in 2021 and is expected to follow the same trend during the forecast period. The UK is expected to emerge as the fastest-growing country in Europe's piezoelectric hemispheres with a CAGR of 6.7%, owing to a significant development in the Internet of Things and healthcare solutions.  

In Asia-Pacific, China holds a dominant market share in the Asia-Pacific region and is expected to follow the same trend during the forecast period, owing to a significant rise in investment by prime players in next-generation Medical HIFU, Therapeutic Ultrasound, and Hydrophones solutions, which is expected to drive the market in China during the forecast period. However, India is expected to emerge as a lucrative player in the piezoelectric hemispheres market in the Asia-Pacific region. 

In LAMEA, Latin America held a significant market share in 2021 owing to the presence of prime vendors in this region. Moreover, Africa is expected to emerge as the fastest-growing region of the LAMEA region, which a high CAGR of 7.3% from 2022 to 2031. 

TOP IMPACTING FACTORS 

Significant factors that impact the growth of the global piezoelectric hemispheres industry include a surge in demand for piezoelectric hemispheres in medical and industrial applications along with rapid advancements in technology across various sectors. The rise in the adoption of piezoelectric hemispheres in the automotive sector is expected to drive market opportunity. However, the high risk associated with data privacy and security-related concerns is acting as a prime barrier to early adoption, which hampers the growth of the market. On the contrary, the rise in demand for non-invasive medical imaging and diagnostics is expected to offer potential growth opportunities for the piezoelectric hemispheres market during the forecast period. 

HISTORICAL DATA & INFORMATION  

The piezoelectric hemispheres market is highly competitive, owing to the strong presence of existing vendors. Vendors of piezoelectric hemispheres 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 this market is expected to increase as technological innovations, product extensions, and different strategies adopted by key vendors increase. 

KEY DEVELOPMENTS/ STRATEGIES  

Piezosystem Jena GmbH, Physik Instrumente (PI) GmbH & Co. KG., Sensortech Canada, SMART MATERIAL CORP., and Meggitt SA are the top 5 companies holding a prime share in the piezoelectric hemispheres market. Top market players have adopted various strategies, such as product launches, partnerships, acquisitions, product upgrades, and product development, to expand their foothold in the piezoelectric hemispheres market. 

  • In May 2021, Morgan Advanced Materials launched a range of piezoelectric materials which included different shapes. which delivered reliable sensing and monitoring in high-temperature environments above 200ºC. It is based on the properties of lead zirconate titanate (PZT), the materials are suitable for both vibration and pressure sensing for applications in process & plant control, power generation, automotive, and aerospace. 

  • In September 2022, CeramTec observed a rise in demand for piezoelectric (PZT) ceramic components to fulfill sophisticated underwater acoustic applications. CeramTec invested in customized PZT components for both passive and active systems of underwater acoustic sonar applications, with a particular focus on hemispheres, discs, blocks, and tubes. 

  • In November 2021, CeramTec launched piezoelectric ceramic components for complex underwater acoustics. The customized developments were based on specific requirements for components, transducers, and assemblies. These applications include diver detection arrays, towed array systems for detecting oil and gas deposits, or piezoceramic plates for the manufacture of custom 1-3 composites used in both active and passive solar systems. 

  • In October 2021, KYOCERA announced the construction of two additional production facilities at its Kokubu Plant Campus in Kagoshima, Japan, to serve customers worldwide. The new facilities are expected to double the campus production capacity for fine ceramic components used in semiconductor manufacturing equipment while securing space for other manufacturing as Kyocera’s business expands. 

  • In August 2021, Piezosystem Jena GmbH announced the launch of its product, the PSH150 piezoelectric hemisphere. The PSH150 is a miniature piezoelectric hemisphere designed for use in micro-electromechanical systems (MEMS) and other small-scale applications. It has a diameter of only 1.5mm and offers high sensitivity and precision.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the piezoelectric hemispheres market analysis from 2021 to 2031 to identify the prevailing piezoelectric hemispheres market opportunities.
  • 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.
  • An in-depth analysis of the piezoelectric hemispheres 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 an analysis of the regional as well as global piezoelectric hemispheres market trends, key players, market segments, application areas, and market growth strategies.

Piezoelectric Hemispheres Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 1.9 billion

Growth Rate
Growth Rate

CAGR of 5.9%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

328

Piezoelectric Hemispheres Market By Material
By Material
  • Ceramic
  • Polymer
  • Others
Piezoelectric Hemispheres Market By Application
By Application
  • Energy Harvesting
  • Acoustic Sensors
  • Medical Devices
  • Industrial Automation
  • Others
Piezoelectric Hemispheres Market By End-use industry
By End-use industry
  • Healthcare
  • Automotive
  • Aerospace
  • Consumer electronics
  • Industrial manufacturing
Piezoelectric Hemispheres Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Sensor Technology Ltd., Meggitt SA, CeramTec GmbH, Morgan Advanced Materials PLC, Piezosystem Jena GmbH, Physik Instrumente (PI) GmbH & Co. KG., KYOCERA CORPORATION, SMART MATERIAL CORP., APC International, Ltd., Piezo Technologies

Analyst Review

Mechanical pressure or stress is converted into an electrical charge or voltage by piezoelectric hemispheres. These devices are used in a variety of industries, including aerospace, defense, medical, and industrial automation. The market for piezoelectric hemispheres is expected to grow in the medical industry due to the increase in use of ultrasound imaging and therapeutic applications. Piezoelectric hemispheres are also being used in energy harvesting to convert mechanical vibrations into electrical energy. 

The global piezoelectric hemispheres market is highly competitive, owing to the strong presence of existing vendors. Piezoelectric hemispheres 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 the 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 piezoelectric hemispheres solutions in automotive, industrial, and consumer electronics applications has witnessed a surge, owing to its ability to process data in real-time. Moreover, prime economies, such as the U.S., China, Germany, and Japan, plan to develop and deploy next-generation non-invasive medical imaging and diagnostics solutions in emerging economies. This is anticipated to provide lucrative opportunities for market growth. 

Among the analyzed geographical regions, Asia-Pacific exhibits the highest adoption of piezoelectric hemispheres 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 the U.S. and Mexico investing in these technologies. Regions such as the Middle East and Africa are expected to offer in new opportunities for the growth of the piezoelectric hemispheres market in the future. 

The key players profiled in the report include Physik Instrumente (PI) GmbH & Co. KG, APC International, Ltd., Morgan Advanced Materials PLC, Piezo Technologies, CeramTec GmbH, Piezosystem Jena GmbH, KYOCERA Corporation, Smart Material Corp., Meggitt SA, and Sensortech Canada are provided in this report.

Author Name(s) : Himanshu Jangra | Vineet Kumar
Frequently Asked Questions?

Asia-Pacific is the largest regional market for Piezoelectric Hemispheres with a CAGR of 6.8% during the forecast period of 2022-2031.

Significant factors that impact the growth of the global piezoelectric hemispheres industry include a surge in demand for piezoelectric hemispheres in medical and industrial applications along with rapid advancements in technology across various sectors. Moreover, the rise in the adoption of piezoelectric hemispheres in the automotive sector is expected to drive market opportunity.

The global piezoelectric hemispheres market was valued at $1 billion in 2021 and is projected to reach $1.9 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

Piezosystem Jena GmbH, Physik Instrumente (PI) GmbH & Co. KG., ?Sensortech Canada, ?SMART MATERIAL CORP., and?Meggitt SA are the top companies to hold the market share in Piezoelectric Hemispheres.

Medical devices are the leading application of the Piezoelectric Hemispheres Market.

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Piezoelectric Hemispheres Market

Global Opportunity Analysis and Industry Forecast, 2021-2031