Press release
Piezoelectric Actuator Market Demand, Research Insights by 2031
The global piezoelectric actuator market is expected to exceed value of US$ 1.5 Bn by the end of 2031The piezoelectric actuator is used in diverse industrial, automotive, medical, aviation, aerospace, and consumer electronics applications due to its simple design, minimal moving parts, no requirement for lubrication to operate, and high reliability characteristics. Smart devices, miniaturization of devices, autonomous vehicles, IoT ecosystems, Industry 4.0, and digitization are major technologies contributing to the economic development.
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The emphasis on medical technologies for more precise and compact devices is boosting the adoption of piezoelectric actuators, as they offer more precise movements, resulting in improved image resolution over the conventional electromagnetic technology. Piezoelectric actuators and mechanisms, benefiting from their air and space qualification and their high output energy density, are increasingly being deployed in aircraft applications. Actuators and electronics have already been supplied for various aircraft equipment. Thus, rise in the demand for aircraft is projected to propel the demand for piezoelectric actuators, which, in turn, is estimated to fuel the piezoelectric actuator market growth during the forecast period.
With the introduction of novel technologies and innovations across automation, precision, and electronics industry verticals, piezoelectric actuator products are evolving, thus creating novel opportunities for the market players.
The demand for precision positioning applications has had a significant impact on research & development of precision actuators. Piezoelectric actuators have been significantly meeting the requirement of precision positioning to a greater extent since the past few years, owing to the capability of a broad working stroke, high-accuracy, and resolution (micro/nano range), combined with the advantages of faster response, higher stiffness, and actuation force.
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The use of piezoelectric actuators in the deployment of smart-structure technologies is one of the future application areas. Linear PZT motors with millimeters of high-resolution travel and rotational PZT motors are currently available, such advancements would impact a wide range of sectors, from medical devices to precision-tooling equipment.
Extremely fine, virtually infinite resolution is possible with the help of piezoelectric actuator with very high voltages corresponding to minute movements of expansion. The piezoelectric actuator is a device with great displacement precision, response speed, and force production capabilities. It is extensively utilized to support industrial machinery that requires precise position control. Its usage is expanding at a rapid pace in small electrical devices such as digital cameras and cell phones.
The rise in demand for innovative products, offering improved performance & reliability and reducing environmental impact, is driving the demand for new technologies and boosting the market.
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Advancements in semiconductor devices have fueled the requirement to control manufacturing operations in a timely and reliable manner. Consequently, the piezoelectric valve is gaining popularity, and piezoelectric components are frequently being employed in semiconductor manufacturing applications.
Piezoelectric actuator generates displacement by directly applying deformation to a solid; hence, it has a higher displacement precision, larger generating force, and faster response speed than conventional actuators. Therefore, the piezoelectric actuator is primarily utilized in industrial equipment that requires precise position control, such as semiconductor exposure systems ultrafine-movement stage, precision positioning probes, and probes for scanning tunnel microscopy (STM) and atomic force microscopy (AFM).
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Semiconductor manufacturing requires higher throughput, increased accuracy, and better positioning at hundreds of critical points in the semiconductor manufacturing processes, including wafer fabrication, wafer assembly, and wafer transport, and semiconductor testing equipment. High-reliability piezoelectric actuator adds value to the semiconductor processing equipment industry.
Thus, increasing manufacturing capacities and decreasing sizes of the semiconductor component are driving the use of piezoelectric actuators in the semiconductor processing equipment (SPE) industry, thus offering significant growth opportunities. However, the need for high voltage is a challenge for piezoelectric actuators. Depending on the type of actuator, the voltage ranges from 200 to 1000 volts. Furthermore, an actuator's stroke length, or the distance it can move, is measured in nanometers (nm). The use of high voltage for minor motions raises the expense of an operation.
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