Press release
Global Piezoelectric Devices Market to Reach USD 47.4 Bn by 2031, Driven by Rising Demand in Consumer Electronics and Automotive Sectors | APC International Ltd., Cedrat Technologies S.A, CeramTec GmbH
Piezoelectric Devices Market
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Market Drivers & Trends
One of the primary growth drivers is the increasing consumption of piezoelectric devices in consumer electronics, such as smartphones, wearables, and touchscreen interfaces. Additionally, automotive advancements, especially in electric and autonomous vehicles, are fueling demand for precision sensors and actuators based on piezoelectric technology.
Another key trend is the integration of piezoelectric materials in energy harvesting applications, enabling the capture of ambient vibrations or movements to power small devices. Moreover, the miniaturization of electronic components and the growing demand for compact, energy-efficient solutions across sectors continue to support market expansion.
Key Players and Industry Leaders
The global market is moderately fragmented, with key players focusing on technological innovation and strategic collaborations. Prominent companies include:
• APC International Ltd.
• Cedrat Technologies S.A
• CeramTec GmbH
• Ionix Advanced Technologies
• KEMET Corporation
• KYOCERA Corporation
• L3harris Technologies, Inc.
• Morgan Advanced Materials plc
• Nanomotion Ltd.
• Physik Instrumente (PI) GmbH & Co. KG
• Piezo Kinetics, Inc.
• piezosystem jena GmbH
These companies are investing heavily in R&D to develop next-generation piezoelectric materials and solutions.
Recent Developments
• KAIST, April 2023: Developed wearable piezoelectric sensor for continuous blood pressure monitoring.
• SFedU, March 2023: Created piezoelectric generators from carbon nanotubes for urban noise-to-energy applications.
• Piezo Motion Corp., March 2021: Acquired Discovery Technology International to diversify into precision piezoelectric motors.
Latest Market Trends
• Wearable Sensors for Health Monitoring: In April 2023, KAIST developed a highly sensitive wearable piezoelectric blood pressure sensor, paving the way for real-time health monitoring applications.
• Energy Harvesting Innovations: Russian researchers at SFedU have developed piezoelectric generators based on nitrogen-alloyed carbon nanotubes to transform urban vibrations into usable power.
• Affordable Precision Motors: In March 2021, Piezo Motion Corp. acquired Discovery Technology International, expanding its offering of affordable, energy-efficient piezoelectric motors.
Market Opportunities
The piezoelectric devices market offers numerous growth opportunities:
• Expansion in healthcare monitoring devices and smart wearable sensors.
• Increased deployment in automotive sensors for braking, collision detection, and autonomous navigation.
• Adoption in industrial automation for process monitoring and control.
• New applications in IoT and smart home devices, from vibration sensors in washing machines to alert systems in refrigerators.
As the demand for real-time data, energy efficiency, and miniaturization continues, piezoelectric devices are poised to benefit substantially.
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Future Outlook
The market is set to witness sustainable and diversified growth driven by continuous advancements in material sciences, nanotechnology, and integration capabilities. Emerging economies, particularly in Asia Pacific, are likely to lead due to expanding manufacturing bases, government incentives, and growing demand for smart consumer devices and electric vehicles.
Market Segmentation
The market is segmented as follows:
By Type
• Piezoelectric Sensors
• Piezoelectric Actuators (Stack, Strip, Shear, Tube)
• Piezoelectric Motors
• Piezoelectric Generators
• Piezoelectric Transducers
• Others (Transformers, Resonators)
By Material
• Piezoelectric Crystals
• Piezoelectric Ceramics
• Piezoelectric Polymers
• Piezoelectric Composites
By Element
• Discs
• Rings
• Plates
By Application
• Sonar
• Acceleration Sensors
• Smartphones
• Machining Tools
• Others (NDT, surgical tools)
By End-use Industry
• Aerospace & Defense
• Automotive
• Consumer Electronics
• Industrial & Manufacturing
• Others (Healthcare, Oil & Gas)
Regional Insights
• Asia Pacific dominated the market in 2022 with 42.1% share, owing to high demand for electric vehicles, smartphones, and the presence of several manufacturers in China, Japan, South Korea, and India.
• North America held 28.05% share, led by technological innovations, strong R&D investments, and the presence of major players such as APC International and Morgan Advanced Materials.
• Europe continues to be a steady contributor, especially in the automotive and industrial automation sectors.
• Latin America, Middle East & Africa are emerging markets, expected to witness moderate growth due to improving infrastructure and industrialization.
Why Buy This Report?
• In-depth market forecast and analysis from 2023 to 2031.
• Comprehensive segmentation and regional outlook for informed decision-making.
• Competitive landscape assessment, including company profiles, strategies, and recent developments.
• Insights into technological advancements and emerging applications.
• Support for strategic investment planning and new product development.
Frequently Asked Questions
1. What is the current size of the global piezoelectric devices market?
The market was valued at US$ 28.9 Bn in 2022.
2. What is the projected market size by 2031?
The market is expected to reach US$ 47.4 Bn by 2031, growing at a CAGR of 5.8%.
3. Which region dominates the global market?
Asia Pacific leads the market, accounting for over 42% share in 2022.
4. What are the major applications of piezoelectric devices?
Key applications include smartphones, automotive sensors, healthcare monitoring devices, sonar systems, and machining tools.
5. Who are the key players in the market?
Leading companies include KYOCERA Corporation, KEMET Corporation, APC International Ltd., CeramTec GmbH, Morgan Advanced Materials plc, among others.
6. What are the future growth opportunities?
Major opportunities lie in wearable health tech, energy harvesting, autonomous vehicles, and smart home devices.
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