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Piezoelectric Devices Market
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Piezoelectric Devices Market

Author: Chandra Mohan - Sr. Industry Consultant, Report ID - DS1202004, Published - November 2024

Segmented in Type (Piezoelectric Sensors, Actuators, Transducers, Motors), Material (Ceramics, Polymers, Composites, Quartz), Application and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Piezoelectric Devices Market Outlook

Piezoelectric devices utilize the piezo effect to produce a charge when subjected to mechanical pressure – a vital component in various industries requiring precise applications. By the year 2023 the market value of Piezoelectric devices stood around USD 32 billion and is forecasted to hit USD 52 billion by 2030 and potentially reach USD 73 billion by 2035 showcasing a growth rate of 7.2% CAGR. This upsurge is primarily fueled by the increasing need for sensing and actuation solutions in automotive, healthcare and consumer electronics sectors.


Piezoelectric devices play a key role in systems that need precise movement control and energy transformation. From sensors used in automotive airbags to actuators employed in medical ultrasound imaging machines. These devices are now more common in applications that demand precision due to their features, like minimal energy usage and strong dependability.


Market Size Forecast & Key Insights

2018
$31.9B2023
2028
$63.9B2033

Absolute Growth Opportunity = $32.0B

The Piezoelectric Devices market is projected to grow from $31.9 billion in 2023 to $63.9 billion in 2033. This represents a CAGR of 7.2%, reflecting rising demand across Automotive, Consumer Electronics and Healthcare.

The Piezoelectric Devices market is set to add $32.0 billion between 2023 and 2033, with manufacturer targeting Polymers & Composites Material projected to gain a larger market share.

With Increasing demand for precision sensing in automotive and healthcare, and Growth in consumer electronics for haptic and acoustic applications, Piezoelectric Devices market to expand 100% between 2023 and 2033.

Opportunities in the Piezoelectric Devices Market

Integration with AI and IoT

Combining piezo devices with AI and IoT, elevates their performance by enabling real time monitoring; and provides intelligent features across a range of applications.

Emerging Markets Demand and Development of Eco-Friendly Piezoelectric Materials

Emerging markets are experiencing industrial growth and embracing advanced technologies, present new opportunities for the utilization of piezo devices in sectors such as automotive and electronics.

The shift towards creating eco-friendly piezo materials that're free of lead & other harmful elements, would create a market opportunity for companies, focused on such direction.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

The Asia Pacific region is observing expansion in piezo devices specifically in Japan and South Korea due to the high demand from the consumer electronics and automotive sectors. Murata Manufacturing and TDK are among the companies in this area.

North America Outlook

In North America piezo devices are widely used in healthcare sectors with companies such as Physik Instrument and APC International playing significant roles in this market.

North America Outlook

In North America piezo devices are widely used in healthcare sectors with companies such as Physik Instrument and APC International playing significant roles in this market.

Asia-Pacific Outlook

The Asia Pacific region is observing expansion in piezo devices specifically in Japan and South Korea due to the high demand from the consumer electronics and automotive sectors. Murata Manufacturing and TDK are among the companies in this area.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, Japan, Germany, China, South Korea are expected to grow at 4.7% to 6.9% CAGR

2

Emerging Markets : India, Brazil, Mexico are expected to grow at 8.3% to 9.9% CAGR

Market Analysis Chart

The market for piezo devices is being pushed by the need for smart sensing and movement in the automotive and healthcare sectors; however facing obstacles due to expensive production costs and temperature constraints. There are potentials in developing markets as well as the use of environmentally friendly materials and integration, with AI and IoT technologies.

Recent Developments and Technological Advancement

October 2024

Murata Manufacturing unveiled a line of environmentally friendly piezo sensors designed for use, in the automotive industry.

July 2024

Philips Healthcare improved its piezo ultrasound technology to enhance imaging resolution.

March 2024

TDK enlarged its response options for gadgets used by consumers with a focus, on smartphones and wearable devices.

Innovations in piezo devices are now leaning towards eco-friendly materials and precise use in industries like automotive and healthcare. Imaging technologies are advancing too for better diagnostics with TDK offering tactile feedback for modern gadgets.

Impact of Industry Transitions on the Piezoelectric Devices Market

As a core segment of the Electrical & Electronics industry, the Piezoelectric Devices market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Lead-Free Piezoelectric Materials and Increased Use in High-Precision Industrial Applications have redefined priorities across the Electrical & Electronics sector, influencing how the Piezoelectric Devices market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Lead-Free Piezoelectric Materials:

Environmental policies promote the advancement of eco piezo materials without lead content to offer more sustainable choices, to industry.

2

Increased Use in High-Precision Industrial Applications:

Piezo electric gadgets are becoming more popular, in applications where accuracy and long lasting performance are essential.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Electrical & Electronics industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Electrical & Electronics industry cascade into the Piezoelectric Devices market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Demand for Precision Sensing in Automotive and Healthcare, and Industrial Automation Expansion

Piezoelectric devices are also highly regarded for their accuracy and dependability in applications such as sensors, actuators, fuel injectors, imaging devices and drug delivery systems etc.
The adoption of piezo devices in industrial automation applications are also on the rise. This is also especially true, for tasks that demand precision and durability in specific conditions.
The need for touch based response and accurate sound features in consumer gadgets, like smartphones and wearables is also fueling the growth of the piezoelectric industry.

Restraint: High Production Costs, and Complexity in Integration

Creating piezo devices can be costly when using top notch ceramics which could make them less accessible, for uses.
Incorporating piezoelectric components into gadgets may necessitate specific expertise and tools creating obstacles for certain producers.

Challenge: Limited Temperature Range

Some materials that respond to pressure changes may face challenges, in temperatures which limits their application in certain settings.

Supply Chain Landscape

Raw Material Supplier

Kyocera

CeramTec

[Provides essential materials like ceramics and polymers]

Component Manufacturer

Murata Manufacturing

TDK

[Produces core piezoelectric components, including sensors and actuators]

Device Manufacturer
Bosch / Philips / [Incorporates piezoelectric components into specialized devices]
End-User
Automotive / Healthcare / Consumer Electronics / [Toyota, Samsung, GE Healthcare]
Raw Material Supplier

Kyocera

CeramTec

[Provides essential materials like ceramics and polymers]

Component Manufacturer

Murata Manufacturing

TDK

[Produces core piezoelectric components, including sensors and actuators]

Device Manufacturer

Bosch

Philips

[Incorporates piezoelectric components into specialized devices]

End-User

Automotive

Healthcare

Consumer Electronics

[Toyota, Samsung, GE Healthcare]

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Automotive
Automotive Electronics
Bosch
Developing precision piezoelectric sensors for enhanced vehicle safety
Consumer Electronics
Wearables
TDK
Expanding piezo solutions for haptic feedback in smart devices
Healthcare
Medical Imaging
Philips Healthcare
Enhancing ultrasound imaging with advanced piezoelectric transducers
Industrial Automation
Manufacturing
Physik Instrumente
Specializing in high-precision actuators for industrial automation

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Piezoelectric Devices market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Piezoelectric Devices in Consumer Electronics, Automotive and Healthcare

Consumer Electronics

Piezoelectric components in consumer electronics are utilized for feedback and accurate sound production in gadgets like smartphones and wearables; TDK and AAC Technologies are known for their expertise in providing piezoelectric solutions, for consumer products.

Automotive

Piezo devices play a role in automotive settings such as knock sensors and fuel injectors to maintain accuracy in functionality. Leading companies such as Bosch and Murata Manufacturing are at the forefront of providing piezo solutions for the industry.

Healthcare

Piezo devices play a key role in medical imaging and diagnostics; and are commonly utilized in ultrasound technology to provide accurate and detailed images. Philips Healthcare and Siemens Healthineers are at the forefront of implementing piezo technology in the healthcare sector.

Piezoelectric Devices vs. Substitutes:
Performance and Positioning Analysis

Although there are options such as actuators and capacitive sensors to choose from piezo devices stand out with their remarkable precision and energy efficiency advantages that cater well to specialized needs. Despite the availability of choices the market, for piezo devices is predicted to expand owing to these particular benefits.

Piezoelectric Devices
  • Electromagnetic Actuator /
  • Magnetostrictive Device /
  • Capacitive Sensor
    High Precision and Low Energy Consumption
    High Production Costs and Limited Temperature Range
    Lower Cost and Wide Temperature Range
    Limited Precision and Sensitivity

Piezoelectric Devices vs. Substitutes:
Performance and Positioning Analysis

Piezoelectric Devices

  • High Precision and Low Energy Consumption
  • High Production Costs and Limited Temperature Range

Electromagnetic Actuator / Magnetostrictive Device / Capacitive Sensor

  • Lower Cost and Wide Temperature Range
  • Limited Precision and Sensitivity

Although there are options such as actuators and capacitive sensors to choose from piezo devices stand out with their remarkable precision and energy efficiency advantages that cater well to specialized needs. Despite the availability of choices the market, for piezo devices is predicted to expand owing to these particular benefits.

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Research Methodology

This market research methodology defines the Piezoelectric Devices market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Electrical & Electronics ecosystem, we analyze Piezoelectric Devices across Automotive, Consumer Electronics, and Healthcare Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Murata Manufacturing, TDK, and Physik Instrumente (PI) by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Supplier, Component Manufacturer, and Device Manufacturer. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Electrical & Electronics revenues to estimate the Piezoelectric Devices segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Supplier (Kyocera, CeramTec), Component Manufacturer (Murata Manufacturing, TDK), and Device Manufacturer. Our parallel substitute analysis examines Electromagnetic Actuator, Magnetostrictive Device, and Capacitive Sensor, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Murata Manufacturing, TDK, and Physik Instrumente (PI), analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Piezoelectric Devices market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Piezoelectric Devices Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 34.2 billion
Revenue Forecast in 2033USD 63.9 billion
Growth RateCAGR of 7.2% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 202331.9 billion
Growth OpportunityUSD 32.0 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202331.9 billion USD
Market Size 202639.3 billion USD
Market Size 202845.1 billion USD
Market Size 203051.9 billion USD
Market Size 203363.9 billion USD
Market Size 203573.5 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Material, Application
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledMurata Manufacturing, TDK, Physik Instrumente (PI), Bosch, AAC Technologies, CeramTec, Kyocera, Piezosystem Jena, APC International, CTS Corporation, Mad City Labs and Sonotec
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Piezoelectric Devices Market Size, Opportunities & Strategic Insights, by Type

4.1Piezoelectric Sensors
4.2Actuators
4.3Transducers
4.4Motors
Chapter 5

Piezoelectric Devices Market Size, Opportunities & Strategic Insights, by Material

5.1Ceramics
5.2Polymers
5.3Composites
5.4Quartz
Chapter 6

Piezoelectric Devices Market Size, Opportunities & Strategic Insights, by Application

6.1Automotive
6.2Consumer Electronics
6.3Healthcare
6.4Industrial
6.5Aerospace
Chapter 7

Piezoelectric Devices Market, by Region

7.1North America Piezoelectric Devices Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe Piezoelectric Devices Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific Piezoelectric Devices Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa Piezoelectric Devices Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America Piezoelectric Devices Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS Piezoelectric Devices Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1Murata Manufacturing
8.2.2TDK
8.2.3Physik Instrumente (PI)
8.2.4Bosch
8.2.5AAC Technologies
8.2.6CeramTec
8.2.7Kyocera
8.2.8Piezosystem Jena
8.2.9APC International
8.2.10CTS Corporation
8.2.11Mad City Labs
8.2.12Sonotec