Global Piezoelectric Devices Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Fervent players driving the market for the Piezoelectric Devices include PI (Germany), Morgan Advanced Materials (UK), Piezosystem Jena (Germany), Mad City Labs, Inc. (U.S.), Piezomechanik Dr. Lutz Pickelmann GmbH (Germany), APC International, Ltd. (U.S.), Noliac A/S (Denmark), CeramTec (Germany), and Piezo Systems, Inc. (U.S.).
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Piezoelectric Devices can create electricity when subjected to mechanical stress, similarly, when applied electricity they can generate a stress (traction). Piezoelectric devices are used in situations where mechanical energy is to be converted into electrical energy or vice-versa for instance; converting light, sound, or mechanical pressure into electrical signals. Piezoelectric devices can be utilized in a range of applications; from ultrasound equipment, a microphone, and a quartz clock/ watch to industrial applications and in energy harvesting equipment.
In addition to their inherent precision, piezoelectric devices can be used in environments with strong magnetic fields or cryogenic temperatures environments where conventional devices are unlikely to work. Naturally, the quadrupling applications lead to augmenting the sale which further results in increasing the market size of piezoelectric devices. With the emergence of smartphones and other smart connected devices, piezoelectric devices are garnering a huge market prominence and traction in the global market.
Acknowledging the kind of traction, this market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the globalPiezoelectric Devices Market is expected to reach exponential heights by 2022; registering a phenomenal CAGR throughout the review period (2016 to 2022).
The idea of energy harvesting using piezoelectric devices has caught everyone’s attention. Inventors have proposed all kinds of ideas for storing energy with hidden piezoelectric devices, from shoes that can convert walking movements into heat to keep the feet warm, and cell phones that charge themselves from body movements, to roads that power streetlights, contact lenses that capture energy with a blink, and even gadgets that make energy from the pressure of falling rain.
Inventors have been filing the increasing number of patents for wearable gadgets that can generate small amounts of electricity from simple body movements. In the current scenario where scarcities of water along with the increasing environmental concerns are prompting the demand for clean energy generation, energy harvesting that minimizes waste energy and improves efficiency sounds reasonably sensible.
Energy harvesting can indeed provide a fair amount of power. In the years to come, piezoelectric devices are expected to ascend on exponential heights, heading with the energy harvesting.
Implementation of piezoelectric sensors in medical applications for a variety of day-to-day applications such as Ultrasound Imaging is further fostering the market growth. Similarly, piezoelectric transducers are used in medical ultrasound equipment.
Piezoelectric actuators are extensively used in electronics, and hence, consumer electronics is another key end-user industry that substantiates the market growth of these piezoelectric devices.
Piezoelectric Devices Market – Competitive Analysis
The market for piezoelectric devices appears to be highly competitive owing to the presence of numerous well-established players having the international and global presence. Mergers & acquisitions, innovation, and brand reinforcement remain the key trends for the leading players. Vendors strive to develop low-cost, compact devices, emphasizing on improved hardware.
To gain a more competitive edge in the market, these key players require more consolidation and integration of this system as a whole. Manufacturers of piezoelectric devices develop a strong, supporting infrastructure to deliver configurable designs.
October 22, 2018 – Darfon Electronics Corporation (Taiwan), a global provider of precision components to ODM and OEM clients announced the acquisition majority stake in Unictron Technologies Corporation (Taiwan), a leading global provider of antennas and piezoelectric ceramics and manufacturer of antennas (NFC, sub-giga frequencies, Wi-Fi/Bluetooth, and others).
Piezoelectric Devices Market – Segments
MRFR has segmented the analysis into three key dynamics; for better understanding:-
By Applications: Sensors, Transducers, Energy harvesting, Motors and High voltage actuators among others.
By Verticals: Oil & Gas, Automotive, Aerospace & Defence, Medical & Healthcare, and Communication among others.
By Regions: North America, Europe, APAC and Rest-of-the-World.
Piezoelectric Devices Market – Regional Analysis
The Asia Pacific region dominates the global piezoelectric devices market with a significant market share, witnessing huge funding from foreign investors. Furthermore, the availability of cost-competitive logistics such as ample land, raw materials, and workforce encourage manufacturers to shift their production bases to countries such as China and India, which in turn, fosters the market growth in the region.
High investments in R&D and multiplying application areas of the piezoelectric devices are some of the key driving forces behind the growth of this market. Simultaneously, increasing investment put in the development of these devices, especially in India and China are resulting in creating a large revenue pocket for the region.
The European region is another lucrative market for piezoelectric devices. Continuous improvement in warfare platforms with newer and advanced technologies is a key driving factor responsible for the growth of the regional market. European countries such as the U.K. and Germany backed by the enormous investments made in the development of piezoelectric devices and related technologies contributors to the market growth in the region majorly.
The North American region is rapidly emerging as a promising market for piezoelectric devices due to the substantial advancements and the uptake of technologies.
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Scope of Report
The report for Global Piezoelectric Devices Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objective of Piezoelectric Devices Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Piezoelectric Devices Market
- To provide insights about factors affecting the market growth
- To analyze the piezoelectric devices market based on various factors- value chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by application, by vertical and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Piezoelectric Devices Market
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