Press release
Comprehensive Piezoelectric Devices Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Piezoelectric Devices
Piezoelectric Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for piezoelectric devices has experienced a stable increase in the past few years. It is projected to expand from $26.55 billion in 2024 to $27.28 billion within a year by 2025, with a compound annual growth rate (CAGR) of 2.8%. The growth during the historical period can be credited to the rise in medical imaging and ultrasound technology, the burgeoning electronics and automotive sectors, the evolution of piezoelectric materials, higher demand for exact motion control, as well as the proliferation in aerospace and defense sectors.
Piezoelectric Devices Market Size Forecast: What's the Projected Valuation by 2029?
Predictions show a consistent growth in the market size for piezoelectric devices in the coming years. By 2029, it's expected to rise to $31.39 billion with a compound annual growth rate (CAGR) of 3.6%. Factors contributing to this projected expansion during the forecast period include the uptake of piezoelectric energy harvesting, growing interest in haptic feedback and touchscreens, wider use of industrial automation and robotics, the provision of piezoelectric solutions tailored to diverse applications, and the increased demand for energy-efficient sensors. The same factors are also highlighted as major trends for the forecast period.
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What Are the Drivers Transforming the Piezoelectric Devices Market?
The surging necessity for wearable technology is projected to spur the expansion of the piezoelectric devices market in the future. Wearable technology encompasses electronic gadgets or technology that are donned on the body, generally as accessories or attire, and are crafted to furnish an array of functions and characteristics to track health and fitness, deliver information, and entertain consumers. Devices such as piezoelectric sensors are utilized in this wearable technology for the detection and surveillance of various physical parameters and to keep track of biometric data. For example, as per Deloitte Touche Tohmatsu Limited, a UK-based consultation firm, in January 2023, it was forecasted that almost 440 million consumer health and wellness wearable devices would be distributed globally by 2024. Consequently, the burgeoning need for wearable technology is catalyzing the growth of the piezoelectric devices market.
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What Long-Term Trends Will Define the Future of the Piezoelectric Devices Market?
Leading businesses in the piezoelectric devices market are emphasizing the creation of superior technological products like high-temperature charge accelerometers to boost performance under severe conditions. A high-temperature charge accelerometer is a sensor that measures acceleration or vibration in excessively hot settings, usually over 250 °C. This device transforms physical motion into an electronic signal for scrutiny and evaluation in harsh settings like engines or turbines. For example, in April 2024, IMI Sensors, a British engineering firm, launched the Model 674A91, a state-of-the-art IO-Link piezoelectric accelerometer designed for advanced vibration observation and review in industrial operations. It provides improved fault detection capabilities with a frequency range of up to 10 kHz, ensuring precise tracking of machine condition. The compatibility of its IO-Link facilitates incorporation into existing systems, accelerating data transmission, and decreasing maintenance expenses.
Which Segments in the Piezoelectric Devices Market Offer the Most Profit Potential?
The piezoelectric devices market 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 Firms Dominate the Piezoelectric Devices Market by Market Share and Revenue in 2025?
Major companies operating in the piezoelectric devices market 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.
Which Regions Offer the Highest Growth Potential in the Piezoelectric Devices Market?
Asia-Pacific was the largest region in the piezoelectric devices market in 2024. The regions covered in the piezoelectric devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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