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2022

Piezoelectric Sensor Market

Piezoelectric Sensor Market Size, Share, Competitive Landscape and Trend Analysis Report by Sensor Type, by Vibration Mode, by Application Area : Global Opportunity Analysis and Industry Forecast, 2022-2031

SE : Sensors and Controls

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Author's: Akansha Priya Gandham | Sonia Mutreja
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Piezoelectric Sensor Market Research, 2031

The global piezoelectric sensor market was valued at $2.2 billion in 2021, and is projected to reach $3.9 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.

Piezoelectric sensors are instruments that sense ambient changes and transform them into electrical energy. A piezoelectric sensor detects mechanical variations in the external atmosphere and generates a viable electrical signal output. This electrical output may be used to monitor mechanical changes or produce motion.

In addition, the rise in awareness about various new applications of piezoelectric sensors is driving the growth of the market. Growth in the reliability of government regulations related to the rapid adoption of sensing solutions in the automobile industry is assisting the growth of the piezoelectric sensors market. Moreover, the increase in application in the aerospace sector has created a demand for the piezoelectric sensors market. However, the market expansion for piezoelectric sensors is being hampered by a lack of effective piezoelectric sensors stock management systems.

The aerospace sector uses piezoelectric sensors, actuators, motors, transducers, and generators which are made of ceramic, crystal, or composite materials. Therefore, the aviation industry needs next-generation sensing applications to decrease operational costs while improving the safety and dependability of aircraft structures. During the forecast period, the demand for piezoelectric sensors is anticipated to be driven due to the aerospace industry's rapid advancement of these sensing technologies.

Piezoelectric Sensor Market

The piezoelectric sensor market is segmented into sensor type, vibration mode, and application area.

Piezoelectric Sensor Market
By Sensor Type
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Actuators as sensor type is expected to grow with impressive CAGR

On the basis of sensor type, the piezoelectric sensor market is categorized into actuators, motors, transducers, and others. The actuator sensor type is further classified into pneumatic actuators, hydraulic actuators, electric actuators, and mechanical actuators. Piezoelectric sensors are adaptable sensors that have a variety of applications due to being inexpensive, highly efficient, compact in size, lightweight, high durability, and lubricants free that can withstand any environmental conditions owing to their ceramic construction. Piezoelectric sensors such as actuators, motors, and transducers, can be utilized in robotic surgery, distinctive drug delivery solutions and systems, surgical instruments with small space restrictions, prosthetic aspects, and drug distributing systems.

Piezoelectric Sensor Market
By Vibration Mode
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Radial Mode segment is projected as the most lucarative segment

On the basis of vibration mode, the piezoelectric sensor industry is categorized into radial mode, length mode, longitudinal mode, thickness mode, and shear mode. The vibrational modes of a length mode are quite complex as they bend in the long direction, the short direction, or twist. Piezoelectric vibration sensors that generate length vibration mode are majorly used in defense and aerospace, IT & telecom, and heavy industrial manufacturing units. Piezoelectric sensors are extensively used in the massive automotive and industrial products sectors. Heavy industrial machinery with complicated manufacturing processes frequently uses longitudinal modes of vibration.

Piezoelectric Sensor Market
By Application Area
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IT & telecom industry is expected to continue its dominance throughout the forecast period

The global piezoelectric sensor industry by application area is segmented into industrial manufacturing, automotive, healthcare, it & telecom, aerospace & defense, oil & gas, and others. Piezoelectric sensors are strong, lightweight, and constructed of flexible plastic enabling them to be available in a range of sizes, shapes, and thicknesses. They will often be molded or glued into industrial manufacturing applications. Piezoelectric-based industrial applications for devices like detection, ultrasonic, cleaning, and industrial electronics are included in the category of industrial manufacturing units. Ultrasonic cleaning devices employ piezoelectric sensors to clean items by utilizing ultrasound and the proper cleaning agent. High-frequency ultrasonic acoustic waves are employed with piezoelectric sensors for ultrasonic welding. A vibrating tool applies these vibrations to the two components. Therefore, industrial manufacturing has brought the great potential for the growth of the piezoelectric sensor market share.

Piezoelectric Sensor Market
By Region
2031
North America 
Europe
Asia-Pacific
LAMEA

North America is expected to continue have largest share in this market, during the forecast period

Region-wise, the piezoelectric sensor market growth is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Italy, France, Spain, UK, Russia, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global piezoelectric sensors market. Major organizations and government institutions in the country are intensely putting resources into technology.

TOP IMPACTING FACTORS

One of the key reasons that propel the growth of the piezoelectric sensors market is the increasing application in the aerospace sector, owing to the advantages these sensors provide, such as effectiveness, dependability, and performance. In healthcare facilities, piezoelectric sensors are found in an increasing number of medical equipment, especially those used to measure pulse, and blood, and define accurate and specific droplet sizes for micro-dosing and nebulizers. The market expansion is accelerated by an increase in demand for automatic vehicles globally. In addition, strong government rules concerning the accuracy and dependability of automobiles are expected to fuel the demand for piezoelectric sensors during the forecast period.

COMPETITION ANALYSIS

Competitive analysis and profiles of the major piezo sensor market players, such as Aerotech Inc., APC International, Ltd., CeramTec GmbH, CTS Corporation, Dytran Instruments, Inc., Honeywell International Inc., Kistler Group, L3Harris Technologies, Inc., Mad City Labs, Inc., Morgan Advanced Materials, Omega Piezo Technologies, Inc., Parker Hannifin Corporation, Physik Instrumente (PI) GmbH & Co. KG., piezosystem jena GmbH, Rion Co., Ltd., TE Connectivity and US EuroTek, Inc. are provided in this report.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the piezoelectric sensor market analysis from 2021 to 2031 to identify the prevailing piezoelectric sensor market opportunity.

  • This study comprises an analytical depiction of the piezoelectric sensor market size along with the current trends and future estimations to depict the imminent investment pockets.

  • The overall piezoelectric sensor market analysis is determined to understand the profitable trends to gain a stronger foothold.

  • An in-depth analysis of the piezoelectric sensor market outlook assists to determine the prevailing market opportunities.

  • The report presents information related to key drivers, restraints, and opportunity

  • The current piezoelectric sensor market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competency.

  • Porters five forces analysis illustrates the potency of the buyers and suppliers in the smart display.

  • The report includes the market share of key vendors and piezoelectric sensor market trends.

 

Piezoelectric Sensor Market Report Highlights

Aspects Details
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Market Size By 2031

USD 3.9 billion

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Growth Rate

CAGR of 6.2%

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Forecast period

2021 - 2031

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Report Pages

258

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By Vibration Mode
  • Radial Mode
  • Length Mode
  • Longitudinal Mode
  • Thickness Mode
  • Shear Mode
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By Application Area
  • Industrial Manufacturing
  • Automotive
  • Healthcare
  • IT and Telecom
  • Aerospace and Defence
  • Oil and Gas
  • Others
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By Sensor Type
  • Others
  • Actuators
    • Actuators
      • Pneumatic Actuators
      • Hydraulic Actuators
      • Electric Actuators
      • Mechanical Actuators
  • Motors
  • Transducers
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, Italy, France, Spain, UK, Russia, Rest Of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Rest Of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

CTS Corporation, CeramTec GmbH, Dytran Instruments, Inc.., US EuroTek, Inc., Mad City Labs, Inc., Honeywell International Inc., L3Harris Technologies, Inc., Piezosystem Jena GmbH, APC International, Ltd., Omega Piezo Technologies, Inc., Parker Hannifin Corporation, Aerotech Inc., Kistler Group, TE Connectivity, Morgan Advanced Materials, Rion Co., Ltd., Physik Instrumente (PI) GmbH & Co. KG.

Analyst Review

The charge generated across some materials when a mechanical stress is applied is known as piezoelectricity. In order to take use of this phenomenon, piezoelectric sensors measure the voltage that is produced by the applied pressure across a piezoelectric element.

Global piezoelectric sensors market is highly competitive, owing to strong presence of existing vendors. Piezoelectric sensors 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 increase in technological innovations, product extensions, and different strategies adopted by key vendors.

Increased use of piezoelectric sensors in the aerospace industry, which benefits from these sensors' attributes such as effectiveness, reliability, and performance, is one of the main factors driving the piezoelectric sensor market's development. In healthcare facilities, piezoelectric sensors are becoming popular in medical equipment, particularly in devices that detect blood pressure, pulse, and specify an exact droplet size for nebulizers and micro-dosing. The global demand for automated vehicles is accelerating market development. The demand for piezoelectric sensors has also been boosted by strict government regulations pertaining to the precision and reliability of automobiles, during the forecast period.

Among the analyzed regions, North America exhibits highest adoption rate of piezoelectric sensors and has been experiencing massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth, owing to emerging countries, such as China, Japan, India and Singapore, investing in these technologies. Regions, such as the Europe, are also expected to offer new opportunities for the piezoelectric sensors market in future.

Globally, various key players are investing in piezoelectric sensors to make them compatible with various industrial platforms. For instance, CeramTec GmbH (Germany) created high-power ultrasonic piezoelectric surgical transducers in March 2021 for various medical uses. The use of piezoelectric transducers has a number of advantages over conventional methods, including improved patient comfort, quicker healing, greater accuracy, and increased safety. Therefore, such advancement in healthcare industry has driven the global piezoelectric sensors market. 

The key players profiled in the report include Aerotech Inc., APC International, Ltd., CeramTec GmbH, CTS Corporation, Dytran Instruments, Inc., Honeywell International Inc., Kistler Group, L3Harris Technologies, Inc., Mad City Labs, Inc., Morgan Advanced Materials, Omega Piezo Technologies, Inc., Parker Hannifin Corporation, Physik Instrumente (PI) GmbH & Co. KG., Piezosystem Jena GmbH, Rion Co., Ltd., TE Connectivity and U.S. EuroTek, Inc.

Author Name(s) : Akansha Priya Gandham | Sonia Mutreja
Frequently Asked Questions?

Automotive, healthcare, IT & telecom, and aerospace & defense are the leading applications of the piezoelectric sensor market.

Government regulations motivating the application of piezo sensors in various commercial and government aerospace applications are the upcoming trend in the piezoelectric sensor market.

$2,148.6 million is the estimated industry size of the piezoelectric sensor.

North America exhibits the largest regional market for piezoelectric sensors.

Currently, Aerotech Inc., APC International, Ltd., CeramTec GmbH, CTS Corporation and Dytran Instruments, Inc. are some of the leading players in the global piezoelectric sensors market.

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Piezoelectric Sensor Market

Global Opportunity Analysis and Industry Forecast, 2022-2031