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Electrostrictive Material Sales Market to See Worldwide Growth by 2023: Leading Companies are Artificial Muscle, Ecertec, TRS Technologies

12-21-2018 11:25 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Electrostrictive materials are similar to piezoelectric materials because they are ferroelectric crystals, which exhibit a dimensional change upon an applied electric field or an electric polarization in an applied mechanical stress. However, electrostrictive actuators use a lead-magnesium-niobate (PMN) crystal stack while piezoelectric actuators use lead-zirconate-titanate (PZT)-based ceramics. Electrostrictive transducers are used in a number of applications that include adaptive optic systems, scanning tunneling microscopes, and precision micropositioners.

Key players that operate in the electrostrictive material industry include Artificial Muscle, Ecertec Ltd, TRS Technologies, Inc., Northrop Grumman Corporation, Optotune, Noliac A/S.

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High demand from the end use industry and a wider operation range under extreme environments drive the growth of the electrostrictive material market. However, the high costs of electrostrictive materials hamper the demand for the electrostrictive material market. The increasing use of piezoelectric materials in nanotechnology is expected to provide lucrative opportunities for the market.

The global electrostrictive material market is segmented based on product, application, and geography. On the basis of product, the market is divided into lead magnesium niobate-lead titanate, and polymer. By application, it has been categorized into actuator, transducer, and others. Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

• This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the electrostrictive material market.
• In-depth analysis of the market has been conducted and estimations for key segments between 2017 and 2023 have been provided.
• The global industry analysis for factors that drive and restrain the growth of the market has been provided.
• The market share for all segments with respect to geography has been provided in detail in the report.
• Key market players have been profiled and their strategies thoroughly analyzed, which provide a competitive outlook of the industry trends.

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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