Registering a CAGR of 3.8% over the forecast period of 2022-2027, the global Piezo Ceramic market size was US$ 8862 million in 2021 and it is expected to reach US$ 11500 million by the end of 2027
Piezo Ceramic Market Overview
When subjected to mechanical stress, piezoelectric ceramic is a type of ceramic material that can create electricity. Generating a strain by the application of an electric field, they can also work in retro. In sensors, they make it possible to convert pressures, accelerations and forces into electrical signals and also in ultrasonic and sonic transducers and actuators they can convert electric voltages into deformations or vibrations.
The key players in the piezoelectric ceramic market are MURATA, MORGAN, TAIYO YUDEN, Konghong and TDK. These top 5 manufacturers possess a market share of 50%. Japan remains the largest market with a market share of about 40% which is followed by China in second place with a market share of 20%
The report also assesses the key opportunities in the Piezo Ceramic market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Piezo Ceramic Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Piezo Ceramic Industry News
April 14, 2021: Daviteq launches the product “WIRELESS PIEZO-ELECTRIC 10KHZ VIBRATION SENSOR – WS433-V1A”--
With the mission of continuously creating useful products for customers Today, Daviteq Technologies Inc would like to announce to our customers and partners a new product “ WIRELESS PIEZO-ELECTRIC 10KHZ VIBRATION SENSOR – WS433-V1A”.
What are the major Applications, Types, and Regions of Piezo Ceramic Market?
By Type, Piezo Ceramic Market has been segmented into
- Lead zinc titanates (PZT)
- Lead titanate (PT)
- Lead magnesium niobate (PMN)
- Others
With a share of about 40%, lead magnesium niobate (PMN) is the largest segment
By Applications, Piezo Ceramic Market has been segmented into
- Industrial &Manufacturing
- Automotive
- Information & Telecommunication
- Medical Devices
- Others
Piezo Ceramic Market Regional Analysis
The report offers an in-depth assessment of the growth and other aspects of the Piezo Ceramic Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The Piezoelectric Ceramics market in the U.S. is projected at US$713.5 Million in the year 2020. China, the world`s second-largest economy, is forecast to reach a predicted market size of US$754.8 Million by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to raise at 2.6% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to rise at approximately 3.3% CAGR.
What is our Piezo Ceramic Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 3.8% over the forecast period (2022-2027)
|
By Type
|
- Lead zinc titanates (PZT)
- Lead titanate (PT)
- Lead magnesium niobate (PMN)
|
By Application
|
- Industrial &Manufacturing
- Automotive
- Information & Telecommunication
- Medical Devices
- Others
|
By Companies
|
MURATA, TDK, MORGAN, Konghong, TAIYO YUDEN, KYOCERA, CeramTec, Exelis, Noliac, TRS, KEPO Electronics, APC International, Smart Material, Jiakang Electronics, SensorTech, Meggitt Sensing, Sparkler Ceramics, Johnson Matthey, PI Ceramic, Datong Electronic
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
139
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Piezo Ceramic Report
- Evaluate Piezo Ceramic market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Piezo Ceramic market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Piezo Ceramic Market?
The Piezo Ceramic Market is growing at a CAGR of 3.8% over the next 5 years.
Who are the key players in Piezo Ceramic Market?
MURATA, TDK, MORGAN, Konghong, TAIYO YUDEN, KYOCERA, CeramTec, Exelis, Noliac, TRS, KEPO Electronics, APC International, Smart Material, Jiakang Electronics, SensorTech, Meggitt Sensing, Sparkler Ceramics, Johnson Matthey, PI Ceramic, Datong Electronic
What are the significant types of Piezo Ceramic Market?
Lead zinc titanates (PZT), Lead titanate (PT), Lead magnesium niobate (PMN)
What are the major end-use applications of Piezo Ceramic Market?
Industrial &Manufacturing, Automotive, Information & Telecommunication, Medical Devices, Others
On the basis of type, Which segment is likely to hold the major share in the Piezo Ceramic Market?
Lead magnesium niobate (PMN) segment to hold the 40% of share in Piezo Ceramic market
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
