Press release
Surging Wearable Device Demand Boosts Piezoelectric Devices Market Share Share Driver: Leading Transformation in the Piezoelectric Devices Market Share Share in 2025
Piezoelectric Devices Market Share
The growth of the piezoelectric devices Market Share Share is expected to be driven by the escalating demand for wearable devices. These are electronic tools based around the body, often in the form of clothes or accessories, and are designed to monitor health and fitness, deliver information and entertain consumers. Devices with piezoelectric properties, such as piezoelectric sensors for instance, are incorporated in wearables to keep track of various physical indicators and biometric data. In January 2023, Deloitte Touche Tohmatsu Limited, a consulting firm in the UK, predicted that close to 440 million health and wellness wearable devices for consumers will be dispatched worldwide by 2024. Thus, the booming demand for wearable devices is fuelling the expansion of the piezoelectric devices Market Share Share.
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What is the projected compound annual growth rate (CAGR) of the piezoelectric devices Market Share Share from 2025 to 2034, and what factors influence it?
In the last few years, the Market Share Share size of piezoelectric devices has been expanding consistently. It is estimated to rise from $26.55 billion in 2024 to a substantial $27.28 billion by 2025, resulting in a compound annual growth rate (CAGR) of 2.8%. This notable growth in the historical period can be credited to several factors such as progress in medical imaging and ultrasound, significant expansion in the electronics and automotive sectors, advancements in piezoelectric materials, increasing demand for accurate motion control, as well as growth in the aerospace and defense sectors.
Over the next few years, the piezoelectric devices Market Share Share is set to experience consistent expansion. It is projected to reach a Market Share Share size of $31.39 billion in 2029, with a compound annual growth rate (CAGR) of 3.6%. This projection for the forecast period is due to factors such as the increased use of piezoelectric energy harvesting, the growth of haptic feedback and touchscreen technology, the broadening of industrial automation and robotics, the development of customized solutions for different piezoelectric applications, and the rising demand for energy-efficient sensors. Key trends for the forecast period parallel these growth factors, with increased attention on piezoelectric energy harvesting, haptic feedback and touchscreens, industrial automation and robotics, piezoelectric customization for diverse applications, and an emphasis on energy-efficient sensors.
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How are the latest trends influencing the growth of the piezoelectric devices Market Share Share?
Firms leading in the piezoelectric devices industry are emphasizing the creation of cutting-edge solutions like high-temperature charge accelerometers to improve functioning in harsh conditions. A high-temperature charge accelerometer, designed to track acceleration or vibration under intense heat - typically above 250 °C, changes mechanical motion to an electric sign for observation and analysis in challenging conditions such as in engines or turbines. For instance, IMI Sensors, a British engineering firm, launched the Model 674A91, an innovative IO-Link piezoelectric accelerometer, in April 2024 for detailed vibration monitoring and analysis in industrial applications. It provides elevated fault detection with a frequency range reaching up to 10 kHz, ensuring accurate machine health monitoring. Its IO-Link adaptability simplifies its integration with existing systems, facilitating effective data transmission and reducing upkeep costs.
What are the major segments of the piezoelectric devices Market Share Share and their role in driving growth?
The piezoelectric devices Market Share Share covered in this report is segmented -
1) By Material: Ceramics, Crystals, Polymers, Composites
2) By Product: Piezoelectric Sensors, Piezoelectric Actuators, 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
Subsegments:
1) By Ceramics: Lead Zirconate Titanate (PZT), Barium Titanate (BaTiO3), Sodium Potassium Niobate (NaKNbO3)
2) By Crystals: Quartz Crystals, Gallium Orthophosphate (GaPO4), Lithium Niobate (LiNbO3)
3) By Polymers: Polyvinylidene Fluoride (PVDF), Polyamide (PA), Polyurethane (PU)
4) By Composites: Ceramic-Polymer Composites, Metal-Polymer Composites, Multi-Phase Composites
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Which regions are key players in the growth of the piezoelectric devices Market Share Share?
Asia-Pacific was the largest region in the piezoelectric devices Market Share Share in 2024. The regions covered in the piezoelectric devices Market Share Share report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the piezoelectric devices Market Share Share?
Major companies operating in the piezoelectric devices Market Share Share include Aerotech Inc., APC International Ltd., CeramTec GmbH, CTS Corporation, Kistler Instruments India Pvt. Ltd., L3harris Technologies Inc., Mad City Labs Inc., Morgan Advanced Materials plc, Physik Instrumente (PI) GmbH & Co. KG, Piezomechanik Dr. Lutz Pickelmann GmbH, Piezosystem jena GmbH, PCB Piezotronics Inc., Exelis Inc., Metrix Instrument Co., Honeywell International Inc., Meggitt SA, Bruel and Kjaer UK Ltd., TE Connectivity Ltd., Kyowa Electronic Instruments Co. Ltd., US Eurotek Inc., Noliac A/S, Piezo Technologies India Pvt. Ltd., Dytran Instruments Inc., ELPA TV & Bredbandsteknik AB, Kinetic Ceramics LLC, Johnson Matthey Piezo Products GmbH, Physik Instrumente GmbH & Co. KG, HongKong Piezo Company Limited, TRS Technologies India Pvt. Ltd., Sparkler Ceramics Ltd., Solvay SA, Usound GmbH, Centre for Process Innovation Limited, Sensor Technology Ltd., Actuated Medical Inc., Aito BV, Vesper Technologies Inc., Sensonics Ltd., Harri Krishna Exports Pvt. Ltd., Murata Manufacturing Co. Ltd.
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What Is Covered In The Piezoelectric Devices Global Market Share Share Report?
•Market Share Share Size Forecast: Examine the piezoelectric devices Market Share Share size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the piezoelectric devices Market Share Share for a structured understanding.
•Key Players Overview: Analyze major players in the piezoelectric devices Market Share Share, including their Market Share Share value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the piezoelectric devices Market Share Share.
•Segment Contributions: Evaluate how different segments drive overall growth in the piezoelectric devices Market Share Share.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the piezoelectric devices Market Share Share.
•Industry Challenges: Identify potential risks and obstacles affecting the piezoelectric devices Market Share Share.
•Competitive Landscape: Review strategic developments in the piezoelectric devices Market Share Share, including expansions, agreements, and new product launches.
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