Piezoelectric Materials Market
Piezoelectric Materials Market
The market for Piezoelectric Materials was estimated at $1.78 billion in 2023; it is anticipated to increase to $2.7 billion by 2030, with projections indicating growth to around $3.7 billion by 2035.
Global Piezoelectric Materials Market Outlook
Revenue, 2023 (US$B)
Forecast, 2033 (US$B)
CAGR, 2023 - 2033
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 Key Insights
- 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.
- CTS Corporation, PI Ceramic GmbH, Kinetic Ceramics are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Piezoelectric Materials market and are expected to observe the growth CAGR of 4.0% to 6.0% between 2023 and 2030.
- Emerging markets including Brazil, India and Indonesia are expected to observe highest growth with CAGR ranging between 7.1% to 8.6%.
- Transition like 5G Adoption is expected to add $200.0 million to the Piezoelectric Materials market growth by 2030
- 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
Piezo materials play a role in developing innovative sensor technologies to boost market presence through improved performance in autonomous systems.
Growth Opportunities in North America and Asia Pacific
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.
Market Dynamics and Supply Chain
Driver: Healthcare Sector Demand, and Automotive Sensors Surge
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
Opportunity: IoT and Smart Cities and Medical Imaging Advancements
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.
Challenge: Competition from Non-Piezoelectric Alternatives
Supply Chain Landscape
Arkema Group
Saint-Gobain
CeramTec
TDK Corporation
Kinetic Ceramics
CTS Corporation
Element14
Digi-Key Electronics
Bosch
Johnson Controls
Samsung Electronics
Arkema Group
Saint-Gobain
CeramTec
TDK Corporation
Kinetic Ceramics
CTS Corporation
Element14
Digi-Key Electronics
Bosch
Johnson Controls
Samsung Electronics
Applications of Piezoelectric Materials in Energy Harvesting, Sensors & Actuators
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.
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.
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.
In compact motor configurations used in robotics and aerospace industries piezo materials are efficient for generating power in tight spaces and enhancing tasks that involve tiny movements. Companies like Murata Manufacturing Co and PiezoMotor AB have developed motors utilizing piezo technology for precise and smooth operations.
Recent Developments
Kinetic Ceramics unveiled a piezo actuator designed to enhance the performance of robotic systems.
Murata Manufacturing unveiled a piezo-electric material for ultra-compacț medical device applications
TDК Corporation has broadened its manufacturing capabilities to back the production of piezo components.