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Surge In Smart Electronics Fueling The Growth Of The Market Due To Rising Adoption Of Iot And Automation: A Key Driver Powering Piezoelectric Discs Market Growth In 2025
The Piezoelectric Discs Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Piezoelectric Discs Market Size and Its Estimated Growth Rate?
The market size for piezoelectric discs has witnessed a robust growth in the past few years. Its value is expected to surge from $1.88 billion in 2024 to an estimated $2.00 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. The expansion during the historic phase can be credited to the emergence of intelligent manufacturing systems, the escalated demand for precise motion control and miniaturization, the escalating requirement for high-accuracy movement control, and its increasing utilization in the consumer electronics and healthcare sectors.
The market of piezoelectric discs is projected to experience remarkable enhancement in its size in the upcoming years, eventually reaching $2.56 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. This anticipated growth during the forecast period could be due to an increased consumption of wearable devices, a rise in demand for compact electronic components, an enhanced need for sensors and actuators across diverse industries, a surge in demand for smart electronics, and an upswing in the requirement for sophisticated sensing technologies. The forecast period will also see significant trends like breakthroughs in piezoelectric ceramics and composites, the advent of new materials and technologies, advancements in the technological domain, innovations in microelectromechanical systems, and progress in lignin extraction technologies.
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How Are Emerging Segments Shaping the Piezoelectric Discs Market Landscape?
The piezoelectric discs market covered in this report is segmented -
1) By Material Type: Lead Zirconate Titanate (PZT), Polyvinylidene Fluoride (PVDF), Sodium Potassium Niobate (NKP), Barium Titanate (BaTiO3), Quartz
2) By Size: Miniature Piezoelectric Discs, Standard-Sized Piezoelectric Discs, Large Piezoelectric Discs
3) By Functionality: Single-Function Discs, Multi-Function Discs
4) By Application: Sensors, Actuators, Energy Harvesting, Medical Devices
5) By End-Use Industry: Automotive, Aerospace, Healthcare, Consumer Electronics, Industrial Automation
Subsegments:
1) By Lead Zirconate Titanate (PZT): Hard PZT, Soft PZT, High-Power PZT, Sensor-Grade PZT
2) By Polyvinylidene Fluoride (PVDF): Oriented PVDF Films, Non-Oriented PVDF Films, PVDF Composites
3) By Sodium Potassium Niobate (NKN): Doped NKN, Undoped NKN
4) By Barium Titanate (BaTiO3): Pure BaTiO3, Modified BaTiO3 (Doped)
5) By Quartz: Synthetic Quartz, Natural Quartz
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Which Growth Factors Are Influencing Piezoelectric Discs Market Expansion?
The piezoelectric discs market is anticipated to grow due to the rising demand for smart electronics. These devices, empowered by technologies such as IoT and sensors, can connect and enrich user experiences through automation and real-time decision making. Smart electronics simplify daily tasks, enhance efficiency via automation, and offer improved connectivity, thereby increasing their demand. Piezoelectric discs, crucial in these electronic devices, transform mechanical energy into electrical energy. This transformation enables self-powered sensors, haptic feedback, and energy harvesting, yielding sustainable and efficient devices. In March 2022, a report from the American advertisement firm FreeWheel indicated that in the UK, 62% of CTV viewers depend on their smart TV's built-in capabilities, a boost of 12 points since 2021. Therefore, the rising demand for smart electronics is pushing the growth of the piezoelectric discs market forward.
Who Are the Dominant Players Across Different Piezoelectric Discs Market Segments?
Major companies operating in the piezoelectric discs market are TDK Corporation, MURATA Manufacturing Co. Ltd., Meggitt PLC, Zhejiang Jiakang Electronics Co. Ltd., CeramTec GmbH, ThorLabs Inc., CTS Corporation, Kistler Instrumente AG, Physik Instrumente GmbH & Co. KG, PI Ceramic GmbH, PIEZO Technologies Inc., Noliac A/S, Fuji Ceramics Corporation, Elpa Company Ltd., FBelec Electronic Co. Ltd, Piezo Systems Inc., Piezosystem Jena GmbH, Sialon Ceramics Ltd., Sparkler CeramicsPvt. Ltd., Sonic Concepts Inc., Sinocera Piezotronics Inc.
What Are the Latest Developing Trends in the Piezoelectric Discs Market?
In the piezoelectric discs market, top companies are concentrating on the creation of novel solutions such as piezoelectric accelerometers. These unique solutions aim to amplify vibration supervision, advance predictive upkeep, and facilitate industrial automation. Piezoelectric accelerometers convert mechanical motion into an electric signal by utilizing piezoelectric materials, functioning as vibration sensors. For instance, IMI Sensors, an American industrial vibration monitoring instrument manufacturer, launched the IO-Link piezoelectric accelerometer, Model 674A91, in April 2024. This innovative sensor, ideal for real-time vibration monitoring and predictive maintenance in industrial settings, incorporates IO-Link technology for effortless integration with Industry 4.0 systems. It not only enhances data precision and improves machine health diagnostics but also simplifies the installation process and enables remote configuration. The Model 674A91 promotes condition-based monitoring, aiding industries in reducing downtime and enhancing equipment efficiency.
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Which Geographic Regions Are Expected to Dominate the Piezoelectric Discs Market in the Coming Years?
North America was the largest region in the piezoelectric discs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the piezoelectric discs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Piezoelectric Discs Market?
2. What is the CAGR expected in the Piezoelectric Discs Market?
3. What Are the Key Innovations Transforming the Piezoelectric Discs Industry?
4. Which Region Is Leading the Piezoelectric Discs Market?
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