| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 6.00 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Piezoelectric Devices Market Analysis
The Piezoelectric Devices Market is expected to register a CAGR of 6% during the forecast period.
- With the development of wireless technology and micro-electro-mechanical technology, the flaws of electrochemical batteries as power sources have gradually been substituted by the integration of piezoelectric technology, thereby driving the demand for piezoelectric devices.
- Based on the piezoelectric vibration energy harvesters, the improvements on the structure design of electronic circuit components were getting high adoption in view of the energy harvesting efficiency along with their advantages of simple structure, no pollution and easily microminiaturizing, thereby generating high demand across the electrical as well as consumer electronics sector.
- Growing application of piezoelectric devices to save costs and meet the requirements of specific applications provides benefits in terms of speed, size, reliability, resolution and vacuum compatibility for application such as micro-actuator medical tools for invasive surgery in healthcare sector, as well as micro-gripper to manufacture high-temperature diesel injector valves across the automobile industry is expected to drive growth during the forecast period.
Piezoelectric Devices Market Trends
Manufacturing and Industrial Sector is Gaining Traction During the Forecast Period
- Technological developments across the manufacturing industry due to the growing integration of piezoelectric crystal technology have seen the advent across the industrial products for the automation process, which provides high torque density, long life, and high motor efficiency.
- Also, the advancements in piezoelectric technology have been aimed at increasing the overall performance of the product, thereby catering to the increasing demand for the efficiency of the devices across the industrial sector.
- The applications in the industrial sector include conditioning systems, due to the high significance of energy consumption, along with the growing adoption of a broad range of piezoelectric motors across the industrial sector is driving the demand in a number of topologies, to balance high efficiency, reliability, size, weight, and power.
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North America to Register as the Largest Growing Region During the Forecast Period
- The market in North America comprises developing economies across the United States and Canada with the increasing adoption of Piezoelectric Devices in the portable electronics technology & communications industry, along with advanced medical solutions and surgical tools that are expected to drive the market during the forecast period.
- High investment in R&D across some of the prominent manufacturers of piezoelectric devices in the North America region such as APC International Ltd., Aerotech Inc., Morgan Advanced Materials, is expected to drive the growth of the market during the forecast period.
- With a growing focus on energy-efficient solutions, industries across the region are deploying across various segments of the factory operations of the electro-mechanical sector, thereby augmenting the market for piezo-electric components. For instance, Canada is focusing heavily on energy consumptions with programs, like CIPEC (Canada Industry Program for Energy Conservation), that is further expected to drive the market of piezo-electric devices across the region.
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Piezoelectric Devices Industry Overview
Piezoelectric DeviceMarketis moderately competitive and consists of a few major players. In terms of market share, some of theplayers currently dominate the market. However, with the advancement in the electro-mechanical sensor's components, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.
- June 2019 -PI Ceramic introducespiezo ceramics for a wide range of applications with afocuson various solutions for applications in medical technology, fluidics, ultrasonic measuring technology, or smart metering.
- January 2019 -Aerotech, Inc. and Micronix USA announce a strategic partnership to offer complementary precision motion products to the industrial markets. The collaboration will expand the capabilities of each company allowing for further industry applications that require powerful, easy-to-use nanopositioning products.
Piezoelectric Devices Market Leaders
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Aerotech Inc.
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Physik Instrumente (PI) GmbH & Co. KG.
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APC International Ltd.
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piezo.com
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Morgan Advanced Materials
- *Disclaimer: Major Players sorted in no particular order
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Piezoelectric Devices Industry Segmentation
Piezoelectricity is the appearance of an electrical potential (a voltage, in other words) across the sides of a crystal when you subject it to mechanical stress (by squeezing it).Piezoelectricity (pressing electricity) uses crystals to convert mechanical energy into electricity or vice-versa. When pressure is applied to a polarized crystal, it produces a mechanical deformation which in turn results in an electrical charge. Piezoelectric materials are ionically bonded and consist of atoms with positive and negative charges, called ions. These ions occupy positions in specific repeating units, called unit cells.
| By Product Type | Actuators & Motors | ||
| Sensors | |||
| Transducers | |||
| Generator | |||
| Ceramics | |||
| Other Product Types | |||
| By End-user Industry | IT & Telecommunication | ||
| Consumer Electronics | |||
| Manufacturing & Industrial | |||
| Automotive | |||
| Healthcare | |||
| Other End-user Industries | |||
| Geography | North America | United States | |
| Canada | |||
| Europe | United Kingdom | ||
| Germany | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Rest of the World | Latin America | ||
| Middle-East & Africa | |||
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Piezoelectric Devices Market Research FAQs
What is the current Piezoelectric Devices Market size?
The Piezoelectric Devices Market is projected to register a CAGR of 6% during the forecast period (2025-2030)
Who are the key players in Piezoelectric Devices Market?
Aerotech Inc., Physik Instrumente (PI) GmbH & Co. KG., APC International Ltd., piezo.com and Morgan Advanced Materials are the major companies operating in the Piezoelectric Devices Market.
Which is the fastest growing region in Piezoelectric Devices Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Piezoelectric Devices Market?
In 2025, the North America accounts for the largest market share in Piezoelectric Devices Market.
What years does this Piezoelectric Devices Market cover?
The report covers the Piezoelectric Devices Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Piezoelectric Devices Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Piezoelectric Devices Industry Report
Statistics for the 2025 Piezoelectric Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Piezoelectric Devices analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
