Piezoelectric Devices Market to Reach USD 60.05 Billion by 2032 – Research by SNS Insider

There is an increasing interest in incorporating conductive polymers in the piezoelectric device industry.

AUSTIN, TX, UNITED STATES, December 20, 2024 /EINPresswire.com/ --
The Piezoelectric Devices Market size was valued at USD 32.96 billion in 2023 and is expected to grow to USD 60.05 billion by 2032, at a robust CAGR of 6.89% during the forecast period 2024-2032.

Piezoelectric Devices Market Accelerates with Rising Defense Investments and Automotive Advancements

The growth of the piezoelectric devices market is fueled by geopolitical tensions, rising defense budgets, and the expanding space exploration sector. Countries like the United States, China, India, Israel, and Japan are heavily investing in military advancements, including missile guidance, drones, and radars. Simultaneously, the space industry’s increasing activity, driven by government and private initiatives, demands advanced sensors and SONARs utilizing piezoelectric materials for precision and durability. In the automotive sector, piezoelectric knock sensors are critical for detecting harmful engine vibrations caused by detonation, optimizing ignition timing, and enhancing engine performance and fuel efficiency. With strict environmental regulations and advancements in defense, space, and automotive technologies, the demand for piezoelectric devices is set to rise significantly.

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Diverse Applications Propel Growth in Piezoelectric Devices Market

The piezoelectric devices market is expanding due to their increasing adoption across automotive, healthcare, and energy sectors. In automotive applications, these devices enhance fuel injection and braking systems, boosting efficiency and safety. The healthcare industry relies on piezoelectric components for advanced imaging and surgical tools, meeting the growing demand for precision diagnostics. Furthermore, the energy sector leverages piezoelectric systems for sustainable solutions, converting ambient vibrations into power, driving market growth amid rising energy efficiency demands.

"Piezoelectric Motors and Composites Drive Market Leadership in 2023."

By Product
Piezoelectric motors led the piezoelectric devices market with a 31% share in 2023, leveraging piezoelectric materials to convert electrical energy into precise mechanical motion. These motors, driven by ceramic elements, offer exceptional precision, rapid response, and high torque-to-weight ratios, outperforming conventional motors. Their compact size, quiet operation, and nanometer-level positioning make them indispensable in robotics, automation, medical devices, and optical systems. Industry leaders like Physik Instrumente (PI), Nanomotion, and Novanta are advancing this technology, fueling market growth and innovation.

By Material
Piezoelectric composites dominated the piezoelectric device market with a 32% share in 2023, driven by their superior properties and versatility. Combining the strengths of ceramics and polymers, they offer high coupling coefficients, low acoustic impedance, and durability. Widely used in healthcare for ultrasound imaging by Siemens Healthineers and GE, as well as in aerospace, defense, and automotive applications, their demand is rising, fueled by the need for compact, high-performance electronic devices.

By Product
• Piezoelectric Sensors
• Piezoelectric Actuators
o Stack Actuators
o Strip Actuators
o Shear Actuators
o Tube Actuators
• Piezoelectric Motors
• Piezoelectric Generators
• Piezoelectric Transducers
• Others

By Material
• Piezoelectric Crystals
• Piezoelectric Ceramics
• Piezoelectric Polymers
• Piezoelectric Composites

By Element
• Piezoelectric Discs
• Piezoelectric Rings
• Piezoelectric Plates

By Application
• Aerospace and Defense
• Industrial and Manufacturing
• Automotive
• Healthcare
o Imaging Devices
o Diagnostic Equipment
o Surgical Tools
• Information and Communication
• Consumer Electronics
• Others

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Asia Pacific and North America Lead Global Piezoelectric Device Market Growth

In 2023, Asia Pacific dominated the global piezoelectric device market, driven by technological advancements in countries like China, Japan, Taiwan, and South Korea. The region’s strong manufacturing capabilities, coupled with growing electronics, automotive, healthcare, and industrial automation sectors, contribute to its market leadership. Nations like India and Singapore are also boosting growth by incorporating piezoelectric technology.

North America, the fastest-growing market, benefits from advancements in healthcare, with companies like Medtronic utilizing piezoelectric sensors for medical imaging. The automotive sector, led by Magna International, adopts piezoelectric actuators for fuel efficiency and emission control. Additionally, industrial automation companies such as Honeywell and Rockwell Automation rely on piezoelectric components for precision control, further fueling market expansion.

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Recent Development
• April 12, 2024: Ultrafast Lasers Revolutionize Medical Device Manufacturing Ultrafast lasers, with their femtosecond pulse durations, are driving advancements in medical device manufacturing by enabling higher precision, efficiency, and quality. These lasers surpass conventional technologies by delivering intense peak power for applications like drilling, cutting, and surface treatment, significantly enhancing the production of complex medical devices.
• May 29, 2024: PI Ceramic Expands Piezoelectric Ceramics with Piezoceramic Composites, PI Ceramic introduces Piezoceramic Composites, combining piezoelectric ceramics with filling polymers for enhanced adaptability in complex shapes and adjustable properties. This innovation expands applications in medical technology, such as high-intensity focused ultrasound (HIFU) and diagnostic imaging, as well as industrial uses like flow rate metering. The new composites offer improved focusability, sensitivity, and resolution.

Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
8. Piezoelectric Devices Market, By Product
9. Piezoelectric Devices Market, By Material
10. Piezoelectric Devices Market, By Element
11. Piezoelectric Devices Market, By Application
12. Regional Analysis
13. Company Profile
14. Use Cases and Best Practices
15. Conclusion

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