Piezoelectric Materials Market: By Material Type, By Application, By End-Users, and Geography

Piezoelectric Materials Market Size, Share, Growth, Trends, and Global Industry Analysis: By Material Type (Ceramics, Polymers, And Composites), By Application (Sensors, Actuators, Transducers, and Others), By End-Users (Automotive, Healthcare, Information and Telecommunication, Consumer Goods, Aerospace & Defences, And Other), and Region

Piezoelectric Materials Market size was valued at US$ 1,729.3 million in 2023 and is poised to grow at a CAGR of 4.9% from 2024 to 2030. Several factors fuel the demand for piezoelectric materials, including population growth, increasing urbanization, and evolving consumer preferences in various industries. Supportive government policies, regulations, and incentives are pushing the market forward, including subsidies for renewable energy projects and mechanisms for carbon pricing that favor piezoelectric solutions.

Rising concerns about sustainability and reducing carbon emissions are driving the adoption of eco-friendly and renewable solutions, making piezoelectric materials a prime candidate for various applications, advancements in technology, economies of scale, and increased competition are leading to cost reductions in production and installation of piezoelectric materials, making them more accessible. Despite the growth of the market the uncertainties of government policies and regulations, such as changes in subsidies or tax breaks, can create hesitation for investors and hinder market growth.

Piezoelectric Materials Market Key Developments:
  • In June 2022, CTS Corporation acquired Ferroperm Piezoceramics, a leading manufacturer of high-performance piezoceramic components. This acquisition has further strengthened CTS's position in the piezoelectric materials market.
  • in 2019, Ulvac, Inc. launched PZT piezoelectric thin-film technology and high-volume manufacturing solutions to resolve technical issues in the development of MEMS devices.

Piezoelectric Materials Market Summary

Study Period

2024 - 2030

Base Year

2023

CAGR

4.9%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Piezoelectric Materials Market Dynamics

Ongoing research and development with technological advancements in areas like material science and nanotechnology are opening doors for the creation of next-generation piezoelectric materials, and with other materials to create composite materials that combine the properties of piezoelectrics with enhanced properties and functionalities. The unique properties of piezoelectrics are finding applications in new and innovative areas, such as energy harvesting, medical diagnostics, and micro-electromechanical systems (MEMS) for automotive, aerospace, and consumer electronics, this creates a growing demand for the miniaturization of smaller, lighter, and more efficient devices is driving the development of thin-film and micro-sized piezoelectric materials, and high-precision components are creating opportunities for piezoelectric materials. There's a growing emphasis on developing and using eco-friendly piezoelectric materials with minimal environmental impact.

Piezoelectric Materials Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024 - 2030

Market Size in 2023

US$ 1,729.3 million

Market CAGR

4.9%

By Material Type

  • Ceramics
  • Polymers
  • Composites

By Application

  • Sensors
  • Actuators
  • Transducers
  • Other

By End-Users

  • Automotive
  • Healthcare
  • Information and Telecommunication
  • Consumer Goods
  • Aerospace and Defences
  • Other

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.

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Frequently Asked Questions

The piezoelectric materials market was valued at US$ 1,729.3 million in 2023 and is expected to grow at a CAGR of 4.9% from 2024 to 2030.

Arkema, Kyocera, Solvay, AAC Technologies, PI Ceramic GmbH, APC International, Ltd., Harris Corporation, CTS Corporation, TDK Electronics AG, TRS Technologies, Inc., Meggitt Sensing, Morgan Advanced Materials, CeramTec, Physik Instrumente (PI), Sparkler Ceramics Pvt. Ltd., and Konghong Corporation.

North America is the dominant market in the piezoelectric materials market

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global Piezoelectric Materials Market Introduction 
2.1.Global Piezoelectric Materials Market  - Taxonomy
2.2.Global Piezoelectric Materials Market  - Definitions
2.2.1.Material Type
2.2.2.Application
2.2.3.End Users
2.2.4.Region
3.Global Piezoelectric Materials Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Piezoelectric Materials Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Piezoelectric Materials Market  By Material Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Ceramics
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Polymers
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Composites
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Piezoelectric Materials Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Sensors
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Actuators
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Transducers
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Other
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Piezoelectric Materials Market  By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Automotive
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Healthcare
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Information and Telecommunication
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Consumer Goods
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Aerospace and Defences
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Other
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8.Global Piezoelectric Materials Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Piezoelectric Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Ceramics
9.1.2.Polymers
9.1.3.Composites
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Sensors
9.2.2.Actuators
9.2.3.Transducers
9.2.4.Other
9.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Automotive
9.3.2.Healthcare
9.3.3.Information and Telecommunication
9.3.4.Consumer Goods
9.3.5.Aerospace and Defences
9.3.6.Other
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Piezoelectric Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Material Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Ceramics
10.1.2.Polymers
10.1.3.Composites
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Sensors
10.2.2.Actuators
10.2.3.Transducers
10.2.4.Other
10.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Automotive
10.3.2.Healthcare
10.3.3.Information and Telecommunication
10.3.4.Consumer Goods
10.3.5.Aerospace and Defences
10.3.6.Other
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Piezoelectric Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Material Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Ceramics
11.1.2.Polymers
11.1.3.Composites
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Sensors
11.2.2.Actuators
11.2.3.Transducers
11.2.4.Other
11.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Automotive
11.3.2.Healthcare
11.3.3.Information and Telecommunication
11.3.4.Consumer Goods
11.3.5.Aerospace and Defences
11.3.6.Other
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Piezoelectric Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Material Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Ceramics
12.1.2.Polymers
12.1.3.Composites
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Sensors
12.2.2.Actuators
12.2.3.Transducers
12.2.4.Other
12.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Automotive
12.3.2.Healthcare
12.3.3.Information and Telecommunication
12.3.4.Consumer Goods
12.3.5.Aerospace and Defences
12.3.6.Other
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Piezoelectric Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Material Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Ceramics
13.1.2.Polymers
13.1.3.Composites
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Sensors
13.2.2.Actuators
13.2.3.Transducers
13.2.4.Other
13.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Automotive
13.3.2.Healthcare
13.3.3.Information and Telecommunication
13.3.4.Consumer Goods
13.3.5.Aerospace and Defences
13.3.6.Other
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Arkema
14.2.2.Kyocera
14.2.3.Solvay
14.2.4.AAC Technologies
14.2.5.PI Ceramic GmbH
14.2.6.APC International, Ltd.
14.2.7.Harris Corporation
14.2.8.CTS Corporation
14.2.9.TDK Electronics AG
14.2.10.TRS Technologies, Inc.
14.2.11.Meggitt Sensing
14.2.12.Morgan Advanced Materials
14.2.13.CeramTec
14.2.14.Physik Instrumente (PI)
14.2.15.Sparkler Ceramics Pvt. Ltd.
14.2.16.Konghong Corporation
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Arkema
  • Kyocera
  • Solvay
  • AAC Technologies
  • PI Ceramic GmbH
  • APC International, Ltd.
  • Harris Corporation
  • CTS Corporation
  • TDK Electronics AG
  • TRS Technologies, Inc.
  • Meggitt Sensing
  • Morgan Advanced Materials
  • CeramTec
  • Physik Instrumente (PI)
  • Sparkler Ceramics Pvt. Ltd.
  • Konghong Corporation

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