Piezoelectric Elements Market

Global Piezoelectric Elements Market By Types (PZT-Based, PMN-Based, and Others), Applications (Industrial & Manufacturing, Aerospace & Automotive, Consumer Electronics, Medical, Military, and Others), Shapes (Disks, Rings, Plates, Tubes/Cylinders, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)

  • Report ID: ICT-SE-1328
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 210
  • Format:
  • Pub. Date: 14-05-2021
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Market Outlook:

The global piezoelectric elements market was valued at USD 602.1 Mn in 2020 and is anticipated to reach USD 1,060.2 Mn by 2028, expanding at a CAGR of 7.7% during the forecast period. The piezoelectric element is an electromechanical transducer, which is made using piezoelectric materials of a definite shape and angle, relative to crystallographic axes. Mechanical energy is transformed into electrical and electrical into mechanical using crystallographic axes. These elements have a unique characteristic: the element vibrates or elongates when an external voltage is applied, similar to the electricity generated when external density is applied. Types of the piezoelectric element include PZT-based lead zinc titanates, PMN-based lead magnesium niobate, and others.

Piezoelectric Elements Market Key Takeaways

Market Dynamics

Rising adoption of piezoelectricity in industrial application

Rising adoption of piezoelectricity in industrial applications such as diesel fuel injectors, cell phones, acoustic guitar pickups, ultrasonic transducers, grill igniters, vibration sensors, musical greeting cards, and certain printers is fueling the piezoelectric elements market. These industrial applications use piezoelectric sensors, piezoelectric motors, and piezoelectric relays for power supply and voltage. Piezoelectric materials used in the motors offer advantages such as precise and predictable characteristics, this material uses piezoelectric elements for moving a linear or rotor element in precise increments. Piezoelectric elements are in piezoelectric relays for actuating electromechanical switches or relays. The growth of the industrial application sector is expected to increase the demand for piezoelectric sensors, piezoelectric motors, and piezoelectric relays, which in turn, is projected to drive the demand for piezoelectric elements during the forecast period.

Increasing automation in end-use industries such as electronics and automotive

End-use industries such as electronics and automotive manufacturing are incorporating automation in manufacturing lines, which has augmented the demand for devices such as transducers, sensors, motors, and actuators to smoothly run production lines. These gadgets utilize the properties endowed by the piezoelectric materials, which is made using piezoelectric element for measuring various quantities such as pressure, acceleration, acoustic intensity, and strain, thus high demand for such element is projected to expand significantly with the growing dependence of industries on automation.

Rising spending on aerospace & defense devices such as missile guidance systems, drones, and radars

Governments of countries such as China, the US, India, Japan, and Israel have considerably increased the defense activities budget in the recent years. Governments are investing on building devices such as drones, radars, and missile guidance systems to support the armed force capabilities. Moreover, increase in activities of space exploration has fuelled the usage of devices such as acoustic devices, SONARs, and sensors to study space objects and associated environments. These devices need special materials, which are made of the piezoelectric elements to detect the changes in their range and provide consistent & accurate results. Rising spending on aerospace & defense devices such as missile guidance systems, drones, and radars, which use piezoelectric elements is expected to drive the market during the forecast period.

Growing demand for substitutes including dielectric and inherently conductive polymers in manufacturing actuators

Increasing demand for substitutes such as dielectric and conductive polymers for manufacturing actuators due to product advancements by companies such as Parker and Solvay is projected to hamper the market. Furthermore, rising demand for lightweight components and huge scope of innovation and product development through customization and design flexibility are driving the demand for conductive polymers. Conductive polymers are suitable for products, which requires space and weight considerations such as portable consumer electronics.

Combining piezoelectric elements with MEMS technology for energy savings and miniaturization

Combining piezoelectric elements with MEMS technology for energy savings and miniaturization is expected to create opportunities in the market during the forecast period. Piezoelectric elements possess properties such as generating voltage, incorporated in a wide range of electronic devices, autofocus systems from conventional inkjet print heads in standard and infrared cameras. These elements are combined with micro-electromechanical systems (MEMS) technology, which is used in gyroscopes and accelerometers to simplify the design to decrease the size of processing regulators, resulting in increased performance, end-product miniaturization, and reduce costs. Moreover, energy-saving features of the piezoelectric elements that need slight power during backup, are garnering increased attention, mainly in the sensor industry. The application of piezoelectric MEMS includes infrared sensors and cameras, microphones and speakers, inkjet printheads, energy harvesting, autofocus function in cameras, and actuator/nozzle control.

Segmental Outlook

The global piezoelectric elements market is segmented on the basis of types, applications, shpaes, and regions

On the basis of types, the piezoelectric elements market is segmented into PZT-based (lead zinc titanates), PMN-based (lead magnesium niobate), and others. In terms of value, the PZT-based (lead zinc titanates) segment is expected to expand at a CAGR of 6.2% during the forecast period, as it is used for manufacturing actuators and transducers, as the performance of the element is easily modified on the basis of the usage of doping materials.

Piezoelectric Elements Market by Type

Based on shapes, the market is divided into disks, rings, plates, tubes/cylinders, and others. The ring segment is anticipated to expand at a CAGR of 6.1%, in terms of value, during the forecast period, due to owing to its increasing adoption in the healthcare sector, as it is extensively used in phacoemulsification, ultrasonic scalpel, debriding, cauterization, therapeutic ultrasound, and ultrasonic aspirators.

Piezoelectric Elements Market by shapes

In terms of applications, the market is segregated into industrial & manufacturing, aerospace & automotive, consumer electronics, medical, military, and others. In terms of value, the industrial and manufacturing segment is expected to grow at a CAGR of 5.3% during the forecast period, piezoelectric elements are used in piezoelectric motors, actuators, sensors, and transducers, which have a variety of uses in industrial practices. Growing demand for miniaturization, precision, and high accuracy in the manufacturing industry.

Regional Outlook

Based on regions, the global piezoelectric elements market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold a significant share of the market. Asia Pacific has emerged as a manufacturing hub for consumer goods and electronics. Countries such as Japan, China, Taiwan, South Korea, and India are focusing on expanding their production capabilities, which in turn, is driving the demand for piezoelectric elements in the region.

The market in Europe is projected to expand at a CAGR of 6.3% during the forecast period, owing to the presence of lucrative healthcare, industrial & manufacturing, and automotive industries in the region. These elements are used in products such as ultrasound devices and diagnostic and therapeutic equipment and surgical tools. Furthermore, the presence of market players such as such as PI Ceramic GmbH in the region is driving the market in Europe.

Piezoelectric Elements Market by Regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the global piezoelectric elements market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global piezoelectric elements Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Piezoelectric Elements Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Piezoelectric Elements Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Piezoelectric Elements Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Piezoelectric Elements Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Piezoelectric Elements Market Size & Forecast, 2017-2027
      4.5.1 Piezoelectric Elements Market Size and Y-o-Y Growth
      4.5.2 Piezoelectric Elements Market Absolute $ Opportunity
   4.6 Global Piezoelectric Elements Market: Impact Of Key Regulations
   4.7 Global Piezoelectric Devices Industry: Overview
Chapter 5 Global Piezoelectric Elements Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Piezoelectric Elements Market Size Forecast By Type
      5.2.1 PZT-based (lead zinc titanates)
      5.2.2 PMN-based (lead magnesium niobate)
      5.2.3 Others
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Piezoelectric Elements Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Piezoelectric Elements Market Size Forecast By Application
      6.2.1 Industrial & Manufacturing
      6.2.2 Aerospace & Automotive
      6.2.3 Consumer Electronics
      6.2.4 Medical
      6.2.5 Military
      6.2.6 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Piezoelectric Elements Market Analysis and Forecast By Shape
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Shape
      7.1.2 Basis Point Share (BPS) Analysis By Shape
      7.1.3 Absolute $ Opportunity Assessment By Shape
   7.2 Piezoelectric Elements Market Size Forecast By Shape
      7.2.1 Disks
      7.2.2 Rings
      7.2.3 Plates
      7.2.4 Tubes/Cylinders
      7.2.5 Others
   7.3 Market Attractiveness Analysis By Shape
Chapter 8 Global Piezoelectric Elements Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Piezoelectric Elements Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Piezoelectric Elements Analysis and Forecast
   10.1 Introduction
   10.2 North America Piezoelectric Elements Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Piezoelectric Elements Market Size Forecast By Type
      10.6.1 PZT-based (lead zinc titanates)
      10.6.2 PMN-based (lead magnesium niobate)
      10.6.3 Others
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Piezoelectric Elements Market Size Forecast By Application
      10.10.1 Industrial & Manufacturing
      10.10.2 Aerospace & Automotive
      10.10.3 Consumer Electronics
      10.10.4 Medical
      10.10.5 Military
      10.10.6 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
   10.14 North America Piezoelectric Elements Market Size Forecast By Shape
      10.14.1 Disks
      10.14.2 Rings
      10.14.3 Plates
      10.14.4 Tubes/Cylinders
      10.14.5 Others
   10.15 Basis Point Share (BPS) Analysis By Shape
   10.16 Absolute $ Opportunity Assessment By Shape
   10.17 Market Attractiveness Analysis By Shape
Chapter 11 Europe Piezoelectric Elements Analysis and Forecast
   11.1 Introduction
   11.2 Europe Piezoelectric Elements Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Piezoelectric Elements Market Size Forecast By Type
      11.6.1 PZT-based (lead zinc titanates)
      11.6.2 PMN-based (lead magnesium niobate)
      11.6.3 Others
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Piezoelectric Elements Market Size Forecast By Application
      11.10.1 Industrial & Manufacturing
      11.10.2 Aerospace & Automotive
      11.10.3 Consumer Electronics
      11.10.4 Medical
      11.10.5 Military
      11.10.6 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
   11.14 Europe Piezoelectric Elements Market Size Forecast By Shape
      11.14.1 Disks
      11.14.2 Rings
      11.14.3 Plates
      11.14.4 Tubes/Cylinders
      11.14.5 Others
   11.15 Basis Point Share (BPS) Analysis By Shape
   11.16 Absolute $ Opportunity Assessment By Shape
   11.17 Market Attractiveness Analysis By Shape
Chapter 12 Asia Pacific Piezoelectric Elements Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Piezoelectric Elements Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Piezoelectric Elements Market Size Forecast By Type
      12.6.1 PZT-based (lead zinc titanates)
      12.6.2 PMN-based (lead magnesium niobate)
      12.6.3 Others
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Piezoelectric Elements Market Size Forecast By Application
      12.10.1 Industrial & Manufacturing
      12.10.2 Aerospace & Automotive
      12.10.3 Consumer Electronics
      12.10.4 Medical
      12.10.5 Military
      12.10.6 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
   12.14 Asia Pacific Piezoelectric Elements Market Size Forecast By Shape
      12.14.1 Disks
      12.14.2 Rings
      12.14.3 Plates
      12.14.4 Tubes/Cylinders
      12.14.5 Others
   12.15 Basis Point Share (BPS) Analysis By Shape
   12.16 Absolute $ Opportunity Assessment By Shape
   12.17 Market Attractiveness Analysis By Shape
Chapter 13 Latin America Piezoelectric Elements Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Piezoelectric Elements Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Piezoelectric Elements Market Size Forecast By Type
      13.6.1 PZT-based (lead zinc titanates)
      13.6.2 PMN-based (lead magnesium niobate)
      13.6.3 Others
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Piezoelectric Elements Market Size Forecast By Application
      13.10.1 Industrial & Manufacturing
      13.10.2 Aerospace & Automotive
      13.10.3 Consumer Electronics
      13.10.4 Medical
      13.10.5 Military
      13.10.6 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
   13.14 Latin America Piezoelectric Elements Market Size Forecast By Shape
      13.14.1 Disks
      13.14.2 Rings
      13.14.3 Plates
      13.14.4 Tubes/Cylinders
      13.14.5 Others
   13.15 Basis Point Share (BPS) Analysis By Shape
   13.16 Absolute $ Opportunity Assessment By Shape
   13.17 Market Attractiveness Analysis By Shape
Chapter 14 Middle East & Africa (MEA) Piezoelectric Elements Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Piezoelectric Elements Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Piezoelectric Elements Market Size Forecast By Type
      14.6.1 PZT-based (lead zinc titanates)
      14.6.2 PMN-based (lead magnesium niobate)
      14.6.3 Others
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Piezoelectric Elements Market Size Forecast By Application
      14.10.1 Industrial & Manufacturing
      14.10.2 Aerospace & Automotive
      14.10.3 Consumer Electronics
      14.10.4 Medical
      14.10.5 Military
      14.10.6 Others
   14.11 Basis Point Share (BPS) Analysis By Application
   14.12 Absolute $ Opportunity Assessment By Application
   14.13 Market Attractiveness Analysis By Application
   14.14 Middle East & Africa (MEA) Piezoelectric Elements Market Size Forecast By Shape
      14.14.1 Disks
      14.14.2 Rings
      14.14.3 Plates
      14.14.4 Tubes/Cylinders
      14.14.5 Others
   14.15 Basis Point Share (BPS) Analysis By Shape
   14.16 Absolute $ Opportunity Assessment By Shape
   14.17 Market Attractiveness Analysis By Shape
Chapter 15 Competition Landscape
   15.1 Piezoelectric Elements Market: Competitive Dashboard
   15.2 Global Piezoelectric Elements Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
      15.3.1 KYOCERA Corporation
      15.3.2 PZT Electronic Ceramic Co.,Ltd
      15.3.3 CTS Corporation
      15.3.4 PI Ceramic GmbH
      15.3.5 CTDCO
      15.3.6 Fuji Ceramics Corporation
      15.3.7 Piezo Technologies
      15.3.8 BeStar Electronics Co., Ltd, 
      15.3.9 TRS Technologies, Inc.
      15.3.10 Kinetic Ceramics
      15.3.11 Zibo Yuhai Electronic Ceramic Co., Ltd.
      15.3.12 APC International
      15.3.13 Piezo Kinetics
      15.3.14 Sparkler Ceramics
      15.3.15 Weifang Jude Electronic Co.,Ltd
Key Segments Covered
By Types
  • PZT-Based (Lead Zinc Titanates)
  • PMN-Based (Lead Magnesium Niobate)
  • Others
By Shapes
  • Disks
  • Rings
  • Plates
  • Tubes/Cylinders
  • Others
By Applications
  • Industrial & Manufacturing
  • Aerospace & Automotive
  • Consumer Electronics
  • Medical
  • Military
  • Others
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Market Players Profiled in the Report
  • KYOCERA Corporation
  • PZT Electronic Ceramic Co.,Ltd
  • CTS Corporation
  • PI Ceramic GmbH
  • CTDCO
  • Fuji Ceramics Corporation
  • Piezo Technologies
  • BeStar Electronics Co., Ltd,
  • TRS Technologies, Inc.
  • Kinetic Ceramics
  • Zibo Yuhai Electronic Ceramic Co., Ltd.
  • APC International
  • Piezo Kinetics
  • Sparkler Ceramics
  • Weifang Jude Electronic Co.,Ltd
  • Top players in the market include KYOCERA Corporation, PZT Electronic Ceramic Co.,Ltd, CTS Corporation, PI Ceramic GmbH, CTDCO, Fuji Ceramics Corporation, Piezo Technologies, BeStar Electronics Co., Ltd, TRS Technologies, Inc., Kinetic Ceramics, Zibo Yuhai Electronic Ceramic Co., Ltd., APC International, Piezo Kinetics, Sparkler Ceramics, and Weifang Jude Electronic Co.,Ltd. These companies are considered as key manufacturers of piezoelectric element based on their revenue, product offerings, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the piezoelectric elements market.

Piezoelectric Elements Market- by Key Players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request

According to this Growth Market Reports report, the piezoelectric elements market is likely to register a CAGR of 7.7% during forecast period 2020-2027, with an anticipated valuation of USD 1,060.1 Mn by the end of the 2028.

In addition to market size (in US$ Million), Company Market Share (in % for base year 2019), and quality parameter overview is provided.

Rising adoption of piezoelectricity in industrial application, increasing automation in end-use industries such as electronics and automotive, and increasing use of piezoelectric elements in aircraft wings is expected to drive the market growth during forecast period.

The major applications of piezoelectric elements are industrial & manufacturing, aerospace & automotive, consumer electronics, medical, military, and others.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness a significant decrease in growth between 2019 and 2020 owing to the COVID 19 pandemic on the piezoelectric elements market.

The base year considered for the global piezoelectric elements market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.

Factors such as growth of piezoelectric device industry, technological innovations, and growing automotive and consumer electronics sector are analyzed in the final report.

Major Manufacturers KYOCERA Corporation, PZT Electronic Ceramic Co.,Ltd, CTS Corporation, PI Ceramic GmbH, and others.