Global Piezoelectric Motor Market Revenue Growth Predicted by 2027

Published: Fri Dec 21 2018

The report on the piezoelectric motor market offers actionable and valuable insights into the new developments and growth opportunities in the piezoelectric motor market. The report also includes details on the factors influencing the Piezoelectric Motor Market Growth. Latest trends, growth opportunities, market drivers and challenges in the piezoelectric motor market are also provided in the report.

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With increasing application of piezoelectric motors in areas of prosthetics, robotics, pumps, medical devices, and laboratory automation, key players are focusing on developing products that provide high torque in a short time. For instance, Faulhaber acquired Dimatech SA, a manufacturer of the stepper motor and expanded its product portfolio of stepper motors in high performance level for application in robotics, automation, and medical technology.

Medical Device Manufacturers Shifting from Electromagnetic Motors to Piezoelectric Motors

Medical equipment and device manufacturers are rapidly moving towards using piezoelectric motors as compared to electromagnetic motors. Piezoelectric motors are finding a wide application across medical devices including surgical devices, 3D scanners, MRI compatible robotics, ultrasonic emitters, drug delivery devices, laser beam steering, and devices used in dermatology, cosmetology, and ophthalmology.

The rise in miniaturization of devices and need for speed, force, and accuracy in devices with micrometer and nanometer range is driving the demand for piezo linear motors. Moreover, the rise in the new medical device development and approval is resulting in the increasing piezoelectric motors sales. For instance, the US Food and Drug Administration in 2018 approved more than 40 medical devices.

In recent years, there has been a significant growth in outpatient therapy which relies on the mobile drug pumps. Recent developments in drive system based on piezo motors are providing perfect size, weight, reliability, and flexibility for mobile drug pumps. This is likely to create opportunities for medical device manufacturers.

Medical devices and equipment manufacturers are also focusing on using ultrasonic linear piezoelectric motors and piezo stepper motors, especially for large travel ranges when high speed is required.

Shift from Conventional Electromagnetic Motor to Piezoelectric Motors Underway

In recent years, an increasing number of devices and equipment used across various industries are developed using piezoelectric motors. Owing to the rise in electrical and mechanical issues, with electromagnetic motors, the manufacturers are shifting towards piezoelectric motors in a wide variety of applications that need precise control of tiny ranges.

The use of wide range of PID controllers or position sensors, the piezoelectric motors are likely to witness large application in fiber-optic positioning, semiconductor test equipment, manufacturing process control, computer disk drives, robotic positioning, etc. small, compact, and providing higher torque and force are some of the major factors driving demand for piezoelectric motors. Meanwhile, high holding torque capacity along with the rapid start and stop characteristics are resulting in significant growth in the piezoelectric motor market.

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Increase in Smartphone Camera Modules Creating Opportunity for Manufacturers in Piezoelectric Motor Market

With the rise in a number of advanced features in the smartphones, consumers are looking for image quality and performance in smartphones to be similar to the digital cameras. Hence, smartphone manufacturers are developing camera phones with auto focus function and optical zoom function using piezoelectric motors.

The growing demand for faster focus, continuous autofocus for clear picture and video, and rapid picture taking has resulted in the development of piezoelectric motor coupled with the new micro-mechanical design. This has minimized lens tilt, enabling high-precision imaging. Smartphone companies are also using piezoelectric motors and actuators in smartphones for vibration cancellation, emitting sound through the screen to the ear.

Piezoelectric ultrasonic motors are fast emerging as an alternative to electromechanical motors for smartphone cameras and other miniature product applications. Power efficiency, longer battery life, and quiet in operations are some of the benefits offered by piezoelectric ultrasonic motor, driving its demand in the smartphone industry.

Competitive Landscape

The Fact.MR report on the piezoelectric motor market provides comprehensive profiles of all the leading players in the market. The report also focuses on the both well-established and emerging players in the piezoelectric market. The study also includes essential information on the latest developments, trends, product offerings, and key financials of the major players in the piezoelectric motor market. Global expansion is one of the focus areas of the players in the piezoelectric motor market along with the new product launches.

Faulhaber in January 2019 is planning to officially open FAULHABER Italia S.r.l sales company in North Milan. By opening sales facility, the company will take over its sales and service from Servotecnica S.p.A, its distributor in Italy.

PiezoMotor is focusing on global development cooperation. The company has developed new micromotor and with good results achieved, the company is entering its next phase. The upcoming project phase includes electronics, inter alia optimization.

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