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Piezoelectric Materials Market: By Material Type, By Application, By End-Users, and Geography
Piezoelectric Materials Market: By Material Type, By Application, By End-Users, and Geography
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.
Study Period
2024 - 2030Base Year
2023CAGR
4.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
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.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The Asia Pacific region is dominating and fastest-growing region in the piezoelectric materials market, and this trend is expected to continue, with the rise of manufacturing with foreign investments and government initiatives in developing economies like China and India fostering a booming manufacturing sector. This translates to a greater demand for piezoelectric materials in various industrial applications. Europe & North America, hold a significant market share due to established technological advancements and a strong presence of key players. The rest of the world is expected to witness promising growth due to increasing industrialization and rising demand for consumer electronics.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024 - 2030 |
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Market Size in 2023 |
US$ 1,729.3 million |
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Market CAGR |
4.9% |
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By Material Type |
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By Application |
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By End-Users |
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By Region |
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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
| 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
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.