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Piezoelectric Devices Market is driven by rising demand for miniaturization of electronic devices | CTS Corporation, Epson Electronics, Fujikura Ltd., Honeywell International Inc
Piezoelectric Devices Market
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A piezoelectric device is a device that generates a voltage when it is subjected to mechanical stress. The word piezoelectricity means electricity resulting from pressure and latent heat. It is derived from the Greek piezein, which means to press, and electric, which is the Greek word for amber, one of the first substances found to exhibit this property.
The piezoelectric effect is used in a number of devices, such as microphones, speakers, vibrating motors, and sensors. Piezoelectric devices are also used in inkjet printers and in medical ultrasound imaging.
Key Trends
One of the key trends in piezoelectric devices technology is the development of flexible and stretchable piezoelectric materials. These materials can be used to create devices that can be worn on the body, such as fitness trackers and heart rate monitors. Another trend is the development of high-power piezoelectric devices that can be used for energy harvesting and for powering electronic devices.
Key Drivers
The major factor driving the growth of this market is the rising demand for miniaturization of electronic devices and the need for energy harvesting.
The other drivers include the increasing adoption of piezoelectric devices in automotive and healthcare applications and the growing demand for smart devices.
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Market Segments
By Product Type
• Sensors
• Actuators
• Transducers
• Motors
• Generators
• Others
Key Players
• ABB Ltd.
• Analog Devices, Inc.
• Asahi Kasei Corporation
• CTS Corporation
• Epson Electronics
• Fujikura Ltd.
• Honeywell International Inc.
• Murata Manufacturing Co., Ltd.
• Nihon Dempa Kogyo Co., Ltd.
• TDK Corporation
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• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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