Piezoelectric Materials Market
The market for Piezoelectric Materials was estimated at $1.8 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.
Report Summary
Market Data
Methodology
Table of Contents
Global Piezoelectric Materials Market Outlook
Revenue, 2023
$1.8B
Forecast, 2033
$3.2B
CAGR, 2024 - 2033
6.2%
The Piezoelectric Materials industry revenue is expected to be around $2.0 billion in 2024 and expected to showcase growth with 6.2% CAGR between 2024 and 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 has greater influence in United States and China market's value chain; and is expected to add $76 million of additional value to Piezoelectric Materials industry revenue by 2030.
- The Piezoelectric Materials market is set to add $1.5 billion between 2023 and 2033, with manufacturer targeting Sensors & Motors Applications 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
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.
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
01
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.
02
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.
03
Opportunity: 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.
04
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
1
Raw Material Suppliers
Arkema GroupSaint-GobainCeramTec
2
Manufacturers
TDK CorporationKinetic CeramicsCTS Corporation
3
Distributors
Element14Digi-Key Electronics
4
End Users
BoschJohnson ControlsSamsung Electronics
1
Raw Material Suppliers
Arkema GroupSaint-GobainCeramTec
2
Manufacturers
TDK CorporationKinetic CeramicsCTS Corporation
3
Distributors
Element14Digi-Key Electronics
4
End Users
BoschJohnson ControlsSamsung Electronics
Use Cases of Piezoelectric Materials in Energy Harvesting & Sensors
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.
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.
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.
Motors : 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
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.
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.
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.
01
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.
02
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.