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Surging Wearable Device Demand Boosts Piezoelectric Devices Market: The Driving Engine Behind Piezoelectric Devices Market Evolution in 2025
Piezoelectric Devices
Piezoelectric Devices Market Size Growth Forecast: What to Expect by 2025?
The market size for piezoelectric devices has experienced a slight increase in the past few years. The market is projected to expand from $26.55 billion in 2024 to $26.96 billion in 2025, with a compound annual growth rate (CAGR) of 1.5%. This growth during the historical period can be credited to advancements in medical imaging and ultrasound technologies, the burgeoning of the electronics and automotive sectors, progression in piezoelectric materials, the need for exact motion control, and growth in the aerospace and defense industries.
How Will the Piezoelectric Devices Market Size Evolve and Grow by 2029?
In the coming years, a consistent growth is anticipated in the piezoelectric devices market, with its worth expected to reach $30.5 billion in 2029, growing at a compound annual growth rate (CAGR) of 3.1%. The growth predictions during the forecast period are largely due to the adoption of piezoelectric energy harvesting, increased usage of haptic feedback and touchscreens, progress in industrial automation and robotics, customized piezoelectric solutions for myriad applications, and a strong demand for energy-efficient sensors. Key trends during this forecast period consist of acceptance of piezoelectric energy harvesting, rise in haptic feedback and touchscreen usage, growth in industrial automation and robotics, personalized piezoelectric solutions for a variety of applications, and the ever-growing demand for energy-conserving sensors.
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What Drivers Are Propelling the Growth of Piezoelectric Devices Market Forward?
The expected surge in the need for wearable technology is projected to fuel the piezoelectric devices market development in the future. Wearable technology encapsulates electronic devices or gadgets that are worn on the body, acting as accessories or apparel. They are crafted to offer diverse functions and features such as health and fitness monitoring, information provision, and entertainment. In the array of wearable devices, piezoelectric devices like piezoelectric sensors play a vital role in identifying and tracking various physical parameters as well as monitoring biometric information. Deloitte Touche Tohmatsu Limited, a consulting firm based in the UK, proclaimed in January 2023, that by 2024, consumer wellness and health wearable devices expected to be dispatched globally will number approximately 440 million. Hence, the escalating requirement for wearable devices is propelling the expansion 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 placing emphasis on the development of technological advancements- for example, charge accelerometers that can endure high-temperatures - in order to augment performance in harsh conditions. Charge accelerometers designed for high temperatures are sensors tailored for inspection of acceleration or vibration in extremely hot conditions, mostly above 250 °C. They transform mechanical motion into an electric signal perfect for both monitoring and examination in challenging scenarios, such as within engines or turbines. In a case in point, IMI Sensors, an engineering firm based in the UK, launched the Model 674A91 in April 2024. This state-of-the-art IO-Link piezoelectric accelerometer has been developed for sophisticated vibration monitoring and examination in industrial settings. Providing improved fault identification capacity with a frequency range that can escalate to 10 kHz, it delivers exact machine health monitoring. Also, due to its IO-Link compatibility, incorporation into already existing structures is simplified, thereby promoting efficient data transfer and lowering maintenance expenses.
What Are the Key Segments in the Piezoelectric Devices Market?
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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Who Are the Key Players Shaping the Piezoelectric Devices Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth 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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