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Future trends of Piezoelectric Devices Market

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piezoelectric devices is expected to reach USD 27.24 Billion by 2020 from USD 20.35 Billion in 2015, growing at a CAGR of 6.01% between 2015 and 2020. – PowerPoint PPT presentation

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Title: Future trends of Piezoelectric Devices Market


1
MarketsandMarkets Presents
Piezoelectric Devices Market worth USD
27.24 Billion USD by 2020
http//www.marketsandmarkets.com/Market-Reports/pi
ezoelectric-devices-market-256019882.html
2
  • According to the new market research
    report "Piezoelectric Devices Market by Material
    (Piezoceramic, Piezopolymer, Piezocomposite),
    Product (Actuators, Transducers, Motors, Sensors,
    Generators), Application (Industrial, Automotive,
    Medical, Consumer) Geography - Global Trend
    Forecast to 2020", on piezoelectric devices, the
    market is expected to reach USD 27.24 Billion by
    2020 from USD 20.35 Billion in 2015, growing at a
    CAGR of 6.01 between 2015 and 2020. The driving
    factors for the growth of this market include
    increasing demand for piezoceramic devices,
    increased funding from governments and investors,
    emerging energy harvesting techniques, recovering
    automotive sector, and growing popularity of
    miniaturization technology.
  • Get more information
  • http//www.marketsandmarkets.com/Market-Reports/pi
    ezoelectric-devices-market-256019882.html

3
  • Piezoceramic material was the biggest segment in
    terms of market size in 2014
  • Piezoceramics are the most widely used and
    commercially accepted piezoelectric materials as
    they exhibit larger displacements or induce
    larger electric voltages than other conventional
    ceramic materials such as quartz, berlinite, and
    topaz. In addition, piezoceramic materials are
    cost effective and can be easily tailored to meet
    the requirements of specific applications.
    Therefore, piezoceramics is the most preferred
    material for manufacturing piezoelectric devices.
    Due to these properties, piezoceramic materials
    held the largest market in 2014.
  • Piezoelectric actuator devices expected to
    dominated the piezoelectric devices market during
    the forecast period
  • Piezoelectric actuators offer benefits in terms
    of speed, size, reliability, resolution, and
    vacuum compatibility. In addition, emerging
    applications of piezo actuators in micro-actuator
    medical tools for minimally invasive surgery,
    micro-grippers in manufacturing microsized
    objects such as stents, and high temperature
    actuators for diesel injector valves in
    automobiles are expected to propel the growth of
    the piezoelectric actuators market.

4
  • The industrial manufacturing segment expected
    to dominate the piezoelectric devices market
    during the forecast period
  • The piezoelectric devices market for industrial
    manufacturing applications is a fairly mature
    market, which holds the largest share among all
    the other piezo applications. Piezoelectric
    motors, sensors, actuators, and transducers have
    a variety of significant uses in industrial
    processes. The demand for high accuracy,
    miniaturization, and precision in the
    manufacturing industry is driving the market for
    piezoelectric devices.
  • The market in APAC expected to grow at the
    highest CAGR during forecast period
  • APAC is expected to hold the largest share of the
    piezoelectric devices market by 2020. APAC is the
    largest producer of piezocrystals as it produces
    around 2 billion piezocrystals annually. These
    piezocrystals have applications in consumer
    electronics. The market in APAC comprises
    developing economies such as China and India,
    which have huge potential for piezoelectric
    device applications. Some of the major factors
    that drive the demand for piezoelectric
    technologies in APAC are increase in adoption of
    portable electronics technology and growth in the
    digitalization and information and communication
    markets. The increasing demand for piezoelectric
    devices from the medical sector in APAC is also
    expected to propel market growth.

5
About MarketsandMarkets
MarketsandMarkets is a global market research and
consulting company based in the U.S. We publish
strategically analyzed market research reports
and serve as a business intelligence partner to
Fortune 500 companies across the
world. MarketsandMarkets also provides
multi-client reports, company profiles,
databases, and custom research services. They
cover thirteen industry verticals, including
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transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy
and power, food and beverages, industrial
automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT. We at
MarketsandMarkets are inspired to help our
clients grow by providing apt business insight
with our huge market intelligence repository.
6
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