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Piezoelectric Devices Market Overview, Size, Growth, Competitive Breakdown And Regional Forecast To 2032
Piezoelectric Devices Global Market
The Business Research Company's Piezoelectric Devices Global Market Report 2023 identifies Increased R&D expenditures by the key players as the major driver for the Piezoelectric Devices market's growth in the forecast period. Key players are spending on research and development of piezoelectric devices for new and better applications.
The global piezoelectric devices market size grew from $24.98 billion in 2022 to $26.1 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The piezoelectric devices market size is expected to grow to $31.3 billion in 2027 at a CAGR of 4.6%.
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Major competitors in the Piezoelectric Devices market are CeramTec GmbH (BC Partners), CTS Corporation, Kistler Instruments India Pvt. Ltd. (Kistler Holding AG), L3harris Technologies Inc., Mad City Labs Inc., Morgan Advanced Materials PLC., Physik Instrumente (PI) GmbH & Co. KG, Piezosystem Jena GmbH.
A key trend in the Piezoelectric Devices market includes Technological advancements in piezoelectric material and polymers. 3D printed piezoelectric materials are increasingly been developed by researchers and engineers to overcome the shapes and raw materials restrictions of piezoelectric materials. 3D Printed piezoelectric materials are designed to convert impact, movement, and stress from any direction to electrical energy. For instance, in February 2021, Researchers from Korea's Jeonbuk National University and Chinese material provider Wuhan Chamtop innovated 3D printed novel wearable self-powered sensors. The sensors detect and convert pressure inputs supplied by human movement using piezoelectric energy, signifying a significant advancement in developing high-performance additive wearable electronics.
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The Piezoelectric Devices market is segmented -
1) By Material: Ceramics, Crystals, Polymers, Composites
2) By Product: Piezoelectric Sensors, Piezoelectric Actutators, Piezoelectric Transducers, Piezoelectric Motors, Piezoelectric Generators
3) By Application: Industrial and Manufacturing, Defense and Aerospace, Automotive, Healthcare, Information and Communication, Consumer Electronics
4) By Element: Piezoelectric Discs, Piezoelectric Rings, Piezoelectric Plates
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Piezoelectric Devices market.
The Business Research Company's "Global Piezoelectric Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Piezoelectric Devices Market Include:
1. Executive Summary
2. Piezoelectric Devices Market Characteristics
3. Piezoelectric Devices Market Trends And Strategies
4. Piezoelectric Devices Market - Macro Economic Scenario
5. Piezoelectric Devices Market Size And Growth
……
27. Piezoelectric Devices market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Piezoelectric Devices market
29. Piezoelectric Devices market Future Outlook and Potential Analysis
30. Appendix
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