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Piezoelectric Materials Market
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Piezoelectric Materials Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1310005, Published - January 2025

Segmented in Product Type (Crystals, Ceramics, Polymers), Application (Sensors, Actuators, Motors, Acoustic Devices, Energy Harvesting), End-Use Industry, Region and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Piezoelectric Materials Market Outlook

The piezoelectric materials sector is now vital in industries and is estimated to be valued at $1.8 billion in 2023 and expected to grow to $2.7 billion by 2030 and reach $3.7 billion by 2035 with a growth rate of 6.2%. Piezoelectric materials are recognized for their ability to transform stress into electrical energy and back again playing a crucial role, in creating efficient and reactive gadgets used in automation precision engineering and sustainable energy sectors.


These substances show strength and endurance along with high efficiency in converting energy and the potential to be made smaller – attributes that are greatly appreciated in applications requiring both reliability and top notch performance in small sizes. These materials are used for purposes ranging from vital sensing components to actuators that play a key role in cutting edge technological progressions that boost the functionalities of items, like medical gadgets and consumer electronics.


Market Size Forecast & Key Insights

2018
$1.8B2023
2028
$3.2B2033

Absolute Growth Opportunity = $1.5B

The Piezoelectric Materials market is projected to grow from $1.8 billion in 2023 to $3.2 billion in 2033. This represents a CAGR of 6.2%, reflecting rising demand across Energy Harvesting, Sensors and Actuators.

The Piezoelectric Materials market is set to add $1.5 billion between 2023 and 2033, with manufacturer targeting Actuators & Motors Application projected to gain a larger market share.

With Healthcare sector demand, and Industrial automation, Piezoelectric Materials market to expand 82% between 2023 and 2033.

Opportunities in the Piezoelectric Materials Market

Autonomous Vehicle Innovation

Piezo materials play a role in developing innovative sensor technologies to boost market presence through improved performance in autonomous systems.

IoT and Smart Cities and Medical Imaging Advancements

With the expansion of the Internet of Things (IoT), piezo sensors provide eco-friendly self powering solutions that can help lower energy consumption in urban and industrial settings.

The increasing demand for minimally invasive imaging in the healthcare industry is driving the need for piezoelectric materials, in ultrasound equipment and cutting edge diagnostics.

Growth Opportunities in North America and Asia Pacific

Asia Pacific Outlook

In Asia​, Murata Manufacturing Co. and TDK Corporation prioritize cost effectiveness by leveraging economies of scale in production to provide consumer electronics and healthcare solutions.

North America Outlook

In North Americas competitive landscape innovation takes precedence. Companies like CTS Corporation are using piezo materials in areas, like self driving cars and industrial automation.

North America Outlook

In North Americas competitive landscape innovation takes precedence. Companies like CTS Corporation are using piezo materials in areas, like self driving cars and industrial automation.

Asia Pacific Outlook

In Asia​, Murata Manufacturing Co. and TDK Corporation prioritize cost effectiveness by leveraging economies of scale in production to provide consumer electronics and healthcare solutions.

Growth Opportunities in North America and Asia Pacific

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, China, Japan, Germany, South Korea are expected to grow at 4.0% to 6.0% CAGR

2

Emerging Markets : Brazil, India, Indonesia are expected to grow at 7.1% to 8.6% CAGR

Market Analysis Chart

As the market moves ahead due to demand factors driving it forward. However challenges arise from the costs of raw materials and increased competition, from alternative technologies which may hinder extensive growth.

Recent Developments and Technological Advancement

October 2023

Kinetic Ceramics unveiled a piezo actuator designed to enhance the performance of robotic systems.

August 2023

Murata Manufacturing unveiled a piezo-electric material for ultra-compacț medical device applications

May 2023

TDК Corporation has broadened its manufacturing capabilities to back the production of piezo components.

Strategic investments in expanding the use of piezo applications are evident from advancements, with Murata Manufacturing introducing new material compositions in August 2023 highlighting the industrys dedication to fostering innovation and growth.

Impact of Industry Transitions on the Piezoelectric Materials Market

As a core segment of the Specialty Materials industry, the Piezoelectric Materials market develops in line with broader industry shifts. Over recent years, transitions such as 5G Adoption and Green Energy Push have redefined priorities across the Specialty Materials sector, influencing how the Piezoelectric Materials market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

5G Adoption:

The advancement of communication technologies such as 5th generation (5G) demands precise and small sensors which highlight the importance of piezelectric materials in telecommunication applications. This change creates possibilities in sensor networks that prioritize quickness and compactness.

2

Green Energy Push:

The increasing focus on measures and the growing use of renewable energy are driving the need for piezolectric energy harvesting technology. Particularly in remote locations and wearable devices where it is gaining popularity, among companies looking to harness and recycle ambient energy sources.

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 Specialty Materials 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 Specialty Materials industry cascade into the Piezoelectric Materials market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Healthcare Sector Demand, and Automotive Sensors Surge

The demand for piezoelectric materials is also greatly influenced by their use in advanced diagnostic imaging and micro surgery applications enabling precise movements, in non invasive procedures.
The rising need for long lasting sensors in electric and self driving cars.
The increased use of automation in manufacturing has also led to a rise in the utilization of piezoelctric technology due to the demand from robotics and the need for accuracy, in manufacturing processes.

Restraint: Cost Sensitivity in Emerging Markets

Challenges in production and expense uptake arise from the nature of raw materials and manufacturing hindering wider market reach.

Challenge: Competition from Non-Piezoelectric Alternatives

Electromagnetic and capacitive technologies are less sturdy but more affordable than ones. This has hindered the use of piezolectric technology in cost conscious applications.

Supply Chain Landscape

Raw Material Suppliers

Arkema Group

Saint-Gobain

CeramTec

Manufacturers

TDK Corporation

Kinetic Ceramics

CTS Corporation

Distributors
Element14 / Digi-Key Electronics
End Users
Bosch / Johnson Controls / Samsung Electronics
Raw Material Suppliers

Arkema Group

Saint-Gobain

CeramTec

Manufacturers

TDK Corporation

Kinetic Ceramics

CTS Corporation

Distributors

Element14

Digi-Key Electronics

End Users

Bosch

Johnson Controls

Samsung Electronics

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Leading Providers and Their Strategies

ApplicationIndustryLeading ProvidersStrategies
Energy Harvesting
Consumer Electronics, Wearable Tech
TDK Corporation, Mide Technology Corporation
Focusing on ultra-compact and high-efficiency energy modules to meet rising demand in IoT and wearable tech applications
Sensors
Healthcare, Automotive
Murata Manufacturing Co., CTS Corporation
Innovating in miniaturized sensors for precise applications, particularly in autonomous vehicles and advanced medical diagnostics
Ultrasonic Actuators
Industrial Automation
Kinetic Ceramics, PI Ceramic GmbH
Developing high-precision actuators for automation and robotic systems to enhance efficiency in industrial settings
Acoustic Devices
Aerospace, Telecommunications
APC International Ltd., Bosch
Creating durable, high-performance materials to support extreme conditions and precise acoustics for aerospace and telecom applications

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 Materials market's present and future growth.

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

Applications of Piezoelectric Materials in Sensors, Energy Harvesting and Actuators

Sensors

Piezoelectric materials play a role in sensor technology by providing accuracy and durability for applications in automotive and aerospace industries where they are used in pressure and force sensors. Emerson Electric Co and PCB Piezo Electronics specialize, in creating sturdy sensor solutions that leverage the power of piezoelectric technologies.

Energy Harvesting

Piezoelectric materials form the foundation of energy harvest technologies in areas with alternative energy sources by converting mechanical energy into electricity to support sustainable power solutions for wearable devices and sensor networks. TDK Corporation and Mide Technology Corporation are leading the way, in developing compact and high performance harvesting modules.

Actuators

Piezoelectric actuators are known for their accuracy and quick response times. These are widely used in the medical and consumer electronics industries for various purposes such as powering haptic feedback systems and ultrasound devices. Prominent companies like PI Ceramic GmbH and APC International Ltd specialize in providing actuator solutions using innovative methods in these sectors.

Piezoelectric Materials vs. Substitutes:
Performance and Positioning Analysis

Piezo materials provide effectiveness and longevity, for advanced uses. This leads to their usage despite the cost advantages of other technologies.

Piezoelectric Materials
  • capacitive sensors /
  • electromagnetic sensors
    High Efficiency in Energy Conversion
    Reliability and Durability in High-Stress Applications
    Ease of Integration with Existing Electrical Systems
    Cost-Effectiveness in Basic Applications

Piezoelectric Materials vs. Substitutes:
Performance and Positioning Analysis

Piezoelectric Materials

  • High Efficiency in Energy Conversion
  • Reliability and Durability in High-Stress Applications

capacitive sensors / electromagnetic sensors

  • Ease of Integration with Existing Electrical Systems
  • Cost-Effectiveness in Basic Applications

Piezo materials provide effectiveness and longevity, for advanced uses. This leads to their usage despite the cost advantages of other technologies.

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Research Methodology

This market research methodology defines the Piezoelectric Materials 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 Specialty Materials ecosystem, we analyze Piezoelectric Materials across Sensors, Actuators, and Motors 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 CTS Corporation, PI Ceramic GmbH, and Kinetic Ceramics 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 Suppliers, Manufacturers, and Distributors. 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 Specialty Materials revenues to estimate the Piezoelectric Materials 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 Suppliers (Arkema Group, Saint-Gobain), Manufacturers (TDK Corporation, Kinetic Ceramics), and Distributors. Our parallel substitute analysis examines capacitive sensors and electromagnetic sensors, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as CTS Corporation, PI Ceramic GmbH, and Kinetic Ceramics, 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 Materials 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 Materials Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 1.9 billion
Revenue Forecast in 2033USD 3.2 billion
Growth RateCAGR of 6.2% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 20231.8 billion
Growth OpportunityUSD 1.5 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20231.8 billion USD
Market Size 20262.1 billion USD
Market Size 20282.4 billion USD
Market Size 20302.7 billion USD
Market Size 20333.2 billion USD
Market Size 20353.7 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Application, End-Use Industry, Region
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 ProfiledCTS Corporation, PI Ceramic GmbH, Kinetic Ceramics, APC International Ltd, Murata Manufacturing Co, TDK Corporation, Arkema Group, Johnson Controls, Mide Technology Corporation, Bosch, Samsung Electronics and Emerson Electric Co
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 Materials Market Size, Opportunities & Strategic Insights, by Product Type

4.1Crystals
4.2Ceramics
4.3Polymers
Chapter 5

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

5.1Sensors
5.2Actuators
5.3Motors
5.4Acoustic Devices
5.5Energy Harvesting
Chapter 6

Piezoelectric Materials Market Size, Opportunities & Strategic Insights, by End-Use Industry

6.1Automotive
6.2Healthcare
6.3Consumer Electronics
6.4Aerospace
6.5Industrial
6.6Power Generation
Chapter 7

Piezoelectric Materials Market Size, Opportunities & Strategic Insights, by Region

7.1North America
7.2Europe
7.3Asia Pacific
7.4Latin America
7.5Middle East & Africa
Chapter 8

Piezoelectric Materials Market, by Region

8.1North America Piezoelectric Materials Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Piezoelectric Materials Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Piezoelectric Materials Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Piezoelectric Materials Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Piezoelectric Materials Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Piezoelectric Materials Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1CTS Corporation
9.2.2PI Ceramic GmbH
9.2.3Kinetic Ceramics
9.2.4APC International Ltd
9.2.5Murata Manufacturing Co
9.2.6TDK Corporation
9.2.7Arkema Group
9.2.8Johnson Controls
9.2.9Mide Technology Corporation
9.2.10Bosch
9.2.11Samsung Electronics
9.2.12Emerson Electric Co