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 Forecast 2020-2031

Piezoelectric Materials Market size was valued at US$ 1,814.0 million in 2024 and is expected to reach US$ 2,535.6 million by 2031, growing at a significant CAGR of 4.9% from 2025-2031. 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.

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 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.