Demand for piezoelectric devices has grown in recent times due to continuous development made in piezoelectric material since it is a key enabling technology for a wide range of industrial and consumer products. The application of piezoelectric devices is extensive in industrial and manufacturing sectors. Piezoelectric sensors find application in piezoelectric sensors, pressure sensors, and sonar equipment.
In industrial applications, piezoelectric actuators are used in diesel fuel injectors, fast response solenoids, optical adjustments, ultrasonic cleansing, ultrasonic welding, piezoelectric motors, stack actuators, stripe actuators, and piezoelectric relays. The automotive industry is also a prominent end-user of piezoelectric devices. Although piezoelectric devices are used widely in industrial manufacturing and automotive applications, the medical instrument and information & telecommunication industry offers the strongest demand for these devices. In the healthcare sector, piezoelectric sensors are used in ultrasonic imaging and other ultrasonic procedures.
In the IT and telecommunication industry, piezoelectric devices are used mostly in devices such as cellular phones, laptops, and inkjet printers.The application of piezoelectric technology is also widespread in the field of structural health monitoring. Energy harvesting is another booming industry and the use of piezoelectric technology in this sector is expected to be high in future.
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The demand for piezoelectric technology in Nano positioning is huge. Ceramics and crystals are two such materials which possess piezoelectric properties and these materials can be used effectively as actuators. Hence, these materials are used widely as piezoelectric actuators in nana positioning industry.
Demand for piezoelectric material has seen a spurt in recent times. The latest trend surrounding the piezoelectric material market is advances in nanotechnology towards piezoelectric materials. The aerospace and defense sector is a prominent end-user of piezoelectric material and devices. In the defense sector, demand for materials with advanced functional properties is experiencing a huge demand, where piezoelectricity is used widely in micro robotics and course-changing bullets. In future, demand for piezoelectric smart devices is expected to be high. Lack of awareness of these devices is a factor which hinders the large scale adoption of these devices.
The piezoelectric device market is segmented on the basis of material, product, application, and region. The material segment is further segmented as piezocrystals, piezoceramics, piezopolymers, and piezocomposites. On the basis of product the piezoelectric device market is segmented as sensors, actuators, transducers, motors, and generators. The piezoelectric device market on the basis of application is segmented into industrial and manufacturing, aerospace and defense, automotive, healthcare, consumer electronics, and others.
On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report also provides country level analysis for each of the segments. The U.S., Canada, Germany, Italy, France, U.K., China, Japan, India, Saudi Arabia, Africa, Brazil, and Argentina are the countries included in the market study of piezoelectric devices.
Some of the key players in the piezoelectric device market include Aerotech, Inc., APC International, Ltd., Ceramtec GmbH, Exelis, Inc., Morgan Adanced Materials, Piezo Solutions, Piezosystem Jena GmbH, Physik Instrumente (PI) GmbH & Co. Kg., CTS Coporation, and US Eurotek, Inc.