Global Piezoelectric Devices Market size and share is currently valued at USD 34.14 billion in 2024 and is anticipated to generate an estimated revenue of USD 61.66 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.2% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Market Overview:
The piezoelectric devices market plays a pivotal role in diverse industries, offering advanced solutions for applications in sensors, actuators, energy harvesting, medical devices, and more. Piezoelectric devices operate based on the piezoelectric effect, where certain materials generate an electric charge when subjected to mechanical stress. This unique capability makes them indispensable in industries such as healthcare, automotive, consumer electronics, aerospace, and defense. With technological advancements and growing demand for precision and efficiency, the piezoelectric devices market is poised for sustained growth.
Key Trends:
Development of Miniaturized Piezoelectric Components
Miniaturization is a significant trend in the piezoelectric devices market. Manufacturers are focusing on developing compact piezoelectric sensors and actuators to meet the demands of small, lightweight, and portable devices in healthcare and consumer electronics.
Advancements in Piezoelectric Materials
Research and development in piezoelectric materials, including polymers and composites, are enhancing device performance and expanding their applications. These advancements provide higher sensitivity, durability, and flexibility.
Integration with IoT and Smart Technologies
The integration of piezoelectric devices with IoT and smart systems is transforming industries. Piezoelectric sensors and actuators enable real-time data collection and control in connected devices, improving operational efficiency and decision-making.
Adoption in Aerospace and Defense
The aerospace and defense sectors are increasingly adopting piezoelectric devices for vibration control, noise reduction, and precision navigation systems. The need for reliable and durable solutions in extreme environments is driving this trend.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Key Companies in Piezoelectric Devices Market
- APC International Ltd.
- Emfit Ltd.
- Honeywell International Inc.
- Cedrat Technologies S.A
- Enocean GmbH
- Ionix Advanced Technologies
- Ceram Tec GmbH
- Kinetic Ceramics
- Piezocryst Advanced Sensorics GmbH
- Morgen Advanced Materials Plc
- L3harris Technologies, Inc,
- Lifemedix, LLC
Piezoelectric Devices Market Developments:
- May 2023: Ionix Advanced Technologies secured a UK government grant for its 18-month “Next Generation Lead-Free Sensors and Actuators” program, initiated on April 1, 2023. This initiative focuses on developing eco-friendly piezoelectric materials, bolstering Ionix’s position in advancing sustainable sensor and actuator technologies.
- June 2022: CTS Corporation acquired Ferroperm Piezoceramics from Meggitt PLC. This acquisition enhances CTS Corporation’s technical capabilities, expands its product offerings, and supports accelerated growth in the piezoelectric devices market.
- March 2021: CeramTec GmbH introduced high-power ultrasonic surgery transducers designed for medical applications. These transducers offer superior precision, enhanced safety, faster healing times, and improved patient comfort compared to traditional surgical methods.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Piezoelectric Devices Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Piezoelectric Devices Market, Product Outlook (Revenue – USD Billion, 2020-2034)
- Piezoelectric Sensors
- Piezoelectric Actuators
- Stack Actuators
- Strip Actuators
- Shear Actuators
- Tube Actuators
- Piezoelectric Motors
- Piezoelectric Generators
- Piezoelectric Transducers
- Others
Piezoelectric Devices Market, Material Outlook (Revenue – USD Billion, 2020-2034)
- Piezoelectric Crystals
- Piezoelectric Ceramics
- Piezoelectric Polymers
- Piezoelectric Composites
Piezoelectric Devices Market, Application Outlook (Revenue – USD Billion, 2020-2034)
- Aerospace & Defense
- Industrial & Manufacturing
- Automotive
- Healthcare
- Imaging Devices
- Diagnostic Equipment
- Surgical Tools
- Information & Communication
- Consumer Electronics
- Others
Piezoelectric Devices Market, Element Outlook (Revenue – USD Billion, 2020-2034)
- Piezoelectric Discs
- Piezoelectric Rings
- Piezoelectric Plates
The piezoelectric devices market is set to grow as technological innovations and increasing demand across industries drive adoption. With advancements in materials, miniaturization, and smart technologies, piezoelectric devices are poised to play a transformative role in shaping the future of precision systems and sustainable solutions.
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