Piezoelectric Devices Market worth $35.4 billion by 2026 - Exclusive Report by MarketsandMarkets™
CHICAGO, June 30, 2021 /PRNewswire/ -- According to the new market research report "Piezoelectric Devices Market with COVID-19 Impact Analysis by Material (Piezoelectric Ceramics, Polymers), Product (Piezoelectric Actuators, Transducers, Motors), Application (Aerospace & Defense, Industrial, Consumer), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Piezoelectric Devices Market size is projected to reach USD 35.4 billion by 2026 from an estimated USD 28.7 billion in 2021, at a CAGR of 4.3% from 2021 to 2026.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256019882
Surging need for high-performance sensors witnessed by aerospace industry and growing use of polymer-based piezoelectric transducers and sensors in acoustic devices, printers, connectivity solutions, etc. are among the factors driving the growth of the piezoelectric devices market.
By product, the piezoelectric generators segment is projected to witness growth at the highest CAGR during the forecast period
The market for piezoelectric generators is expected to grow at the highest CAGR during the forecast period. The growth is attributed to their ability to exhibit low-frequency sound waves and their use in various portable medical devices for monitoring overall health, including blood sugar, weight, cholesterol levels, and medications of humans.
By material, piezoelectric ceramics segment accounted for the largest share of piezoelectric devices market in 2020, and a similar trend is likely to continue in the near future
Piezoelectric ceramics consist of high piezoelectric sensitivity and can acquire various shapes. The manufacturing cost of piezoelectric ceramics is low, and these materials can be easily tailored to meet the requirements of specific applications, such as medical technologies, mechanical and automotive engineering, and semiconductor technologies. Thus, piezoelectric ceramics are the most preferred materials used to manufacture piezoelectric devices.
Browse in-depth TOC on "Piezoelectric Devices Market"
246 – Tables
83 – Figures
319 – Pages
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=256019882
By application, the healthcare segment is projected to witness growth at the highest CAGR during the forecast period
Miniature piezoelectric actuators and pumps are used extensively by lab and medical pumping and dosing equipment due to their precise, repeatable, and reliable fluid dispensing control. Also, the piezoelectric actuator is preferred in magnetic resonance imaging (MRI) systems as the actuator movement does not produce magnetic fields, and MRI cooling equipment can be moved in-room with the MRI machine, simplifying installation and reducing required floor space. Piezoelectric actuators and devices provide the extreme precision required in many medical applications. Owing to all these reasons, the healthcare application is expected to record the highest CAGR in the piezoelectric devices market during the forecast period.
By region, APAC to hold the largest share of the piezoelectric devices market throughout the forecast period
APAC is projected to account for the largest share of the overall piezoelectric devices market in 2026. The market in this region is projected to grow at the highest CAGR from 2021 to 2026. The key factor contributing to the growth of the piezoelectric devices market in APAC is the emergence of countries such as China, Japan, India, and South Korea as manufacturing hubs for electronic equipment, devices, and components. These countries also have flourishing automotive and other industries. These industries require piezoelectric devices as a power source in portable electronic devices.
L3HARRIS TECHNOLOGIES, INC. (US); CeramTec GmbH (Germany); CTS Corporation (US); Kistler Group (Switzerland); Physik Instrumente (PI) GmbH & Co. KG. (Germany); piezosystem jena GmbH (Germany); Piezo Technologies (US); Aerotech Inc. (US); APC International, Ltd., (US); Mad City Labs, Inc. (US) are some of the key players in the piezoelectric devices market.
Related Reports:
Biosensors Market with COVID-19 Impact by Type, Product (Wearable, Non-wearable), Technology, Application (POC, Home Diagnostics, Research Lab, Environmental Monitoring, Food & Beverages, Biodefense) and Region - Global Forecast to 2026
Pressure Sensor Market by Product Type (Absolute, Gauge, Differential, Sealed, and Vacuum), Technology (Piezoresistive, Capacitive, Resonant, Electromagnetic, and Optical), Application, Function, End-User Industry, and Geography - Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/piezoelectric-devices-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/piezoelectric-devices.asp
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article