Piezoelectric Actuators Market Forecast: Latest Industry Developments and Trends|| Key players- APC International Ltd, Omega Piezo Technologies, Thorlabs Inc., Thorlabs Inc., Piezo Systems Inc., Noliac, Kinetic Ceramics

Piezoelectric actuators are electromechanical motors that convert electrical energy into mechanical stress or displacement using the piezoelectric effect. Piezoelectric actuators are known for their precise movement control and hence, are highly used for finely adjusting mirrors, lenses, machining tools and in other equipment. A piezoelectric actuator is also used to control hydraulic valves. It is used as a special purpose motor or small volume pump as well as in other applications that require force or movement. The global Piezoelectric Actuators Market is anticipated to register significant growth over the forecast period, mainly due to the several benefits offered by the piezoelectric actuators, such as cost-effectiveness and reliability.

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Piezoelectric actuators, with technological innovations, have progressively entered the market and are projected to witness significant growth in the future. Although, piezoelectric actuators do face some challenges. For instance, high voltage is required for the proper functioning of piezoelectric actuators and the distance that an actuator can move is relatively small. Hence, for small movements, piezoelectric actuators require higher voltage, which leads to increase in overall cost of the operation.

Global Piezoelectric Actuators Market: Dynamics

Increasing use of piezoelectric actuators in smartphones for camera operations and haptic feedback systems in consumer electronics industry is anticipated to drive the global market during the forecast period. This is one of the key reasons responsible for the dominant share of consumer electronics segment in the global market. Since the market with its technological developments is moving towards reduction in size of consumer electronic devices, mainly smartphones that require small-sized components, the demand for piezoelectric actuators is increasing as these actuators are manufactured using micron-scale layers of piezoelectric material. On the other hand, the demand from the automotive industry is also going to play an important role in the overall growth of the piezoelectric actuators market. Piezoelectric actuators draw power directly from a vehicle’s battery unlike from running engines in other actuators. Moreover, its weight bearing capacity is more than that of others actuators, which is one of the major factors responsible for increasing use of piezoelectric actuators in the automotive industry.

Global Piezoelectric Actuators Market: Segmentation

The global piezoelectric actuators market can be segmented on the basis of product type, end use industry and region.

On the basis of product type, the global piezoelectric actuators market can be segmented into:

Stack Actuators
Stripe Actuators
On the basis of end use industry, the global piezoelectric actuators market can be segmented into:

Automotive 
Aerospace
Industrial & Manufacturing 
Consumer Electronics 
Healthcare 
Others
On the basis of region, the global piezoelectric actuators market can be segmented into:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Global Piezoelectric Actuators Market: Market participants

Some of the market participants involved in the Global Piezoelectric Actuators Market are:

Physik Instrumente (PI) GmbH & Co. KG
APC International, Ltd
Omega Piezo Technologies
Thorlabs, Inc.
Aerotech Inc.
Piezo Systems Inc. 
CEDRAT TECHNOLOGIES 
piezosystem jena GmbH.
Noliac 
Kinetic Ceramics
NGK Electronics Devices Inc
Elpa Company
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

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Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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