Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Piezoelectric Elements Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 7.2% during the review period (2022 to 2027).
Piezoelectric can be utilised as an acoustic transducer for ultrasonic imaging, a piezoelectric alarm system for detecting heart wall thickness, and piezoelectric crystals for ultrasound production in surgical procedures. Based on the efficient applications in numerous end-use industries, the worldwide Piezoelectric Elements market has shown rapid growth in recent years. A quartz crystal that develops a charge when subjected to mechanical stress can be used to show the piezoelectric effect. For applications such as sensors and actuators, the piezoelectric effect is frequently used. To put it another way, a piezoelectric element serves as a transducer or sensor. The global piezoelectric element market can be divided into three groups based on their applications: ultrasonics, sensors, and actuators.
The report also assesses the key opportunities in the Piezoelectric Elements market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Piezoelectric Elements 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.
Top Key players in the Piezoelectric Elements Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Piezoelectric Elements Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes KYOCERA, Johnson Matthey, PI Ceramic GmbH, Harris, Fuji Ceramics Corporation, Piezo Technologies, CTS Corporation, TRS Technologies, Inc, Meggitt Sensing, TDK Corporation, MSI Tranducers, APC International, Piezo Kinetics, Sparkler Ceramics, Weifang Jude Electronic
January 6, 2022: TDK introduces two new high-performance ultrasonic ToF sensors--
TDK Corporation (TSE: 6762) introduces the Chirp ICU-10201 and ICU-20201, two new high-performance, ultra-low power integrated ultrasonic Time-of-Flight (ToF) sensors for short- and long-range detection. The new MEMS sensors embed a more powerful on-chip processor with higher computational power; the enhanced processing capabilities allow a wide range of application algorithms to fit and to run on-chip, completely offloading the system MCU. ICU-10201 and ICU-20201 are high performance ultrasonic ToF sensors integrating PMUT (Piezoelectric Micromachined Ultrasonic Transducer) with an ultra-low-power SoC (system on chip) in a miniature 3.5 × 3.5 mm² reflowable package.
Piezoelectric Elements Market is segmented based on the type, applications, companies and regions.
By Type, Piezoelectric Elements Market has been segmented into
By Application, Piezoelectric Elements Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Piezoelectric Elements 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.
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development.
The market is likely to be dominated by Asia Pacific. Asia Pacific has established itself as a consumer goods and electronics manufacturing hub. Countries like Japan, China, Taiwan, South Korea, and India are focusing on improving their manufacturing capabilities, which is fuelling piezoelectric element demand in the area. Because of the profitable healthcare, industrial & manufacturing, and automotive industries in Europe, the market is expected to grow at a CAGR of 6.3 percent over the forecast period. Ultrasound devices, diagnostic and therapeutic equipment, and surgical instruments all have these features. Furthermore, the presence of market players in the region, such as PI Ceramic GmbH, is propelling the market forward.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.2% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | KYOCERA, Johnson Matthey, PI Ceramic GmbH, Harris, Fuji Ceramics Corporation, Piezo Technologies, CTS Corporation, TRS Technologies, Inc, Meggitt Sensing, TDK Corporation, MSI Tranducers, APC International, Piezo Kinetics, Sparkler Ceramics, Weifang Jude Electronic |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 120 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Piezoelectric Elements Market?
The Piezoelectric Elements Market is growing at a CAGR of 7.2% over the next 5 years.
Who are the key players in Piezoelectric Elements Market?
KYOCERA, Johnson Matthey, PI Ceramic GmbH, Harris, Fuji Ceramics Corporation, Piezo Technologies, CTS Corporation, TRS Technologies, Inc, Meggitt Sensing, TDK Corporation, MSI Tranducers, APC International, Piezo Kinetics, Sparkler Ceramics, Weifang Jude Electronic
What are the significant types of Piezoelectric Elements Market?
Lead Zinc Titanates (PZT)-based, Lead Magnesium Niobate (PMN)-based, Other
What are the major end-use applications of Piezoelectric Elements Market?
Industrial & Manufacturing, Automotive, Consumer Electronics, Medical, Military, Other
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.
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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.
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