Piezoelectric Sensor Market Share, Industry Analysis [2031]

Piezoelectric Sensor Market Share, Industry Analysis [2031]

Segments - Piezoelectric Sensor Market by Sensor Type (Motors, Transducers, Actuators, Generators, and Others), Material Type (Piezoelectric Crystals, Piezoelectric Composites, Piezoelectric Polymer, and Piezoelectric Ceramics), Vibration Mode (Shear Mode, Thickness Mode, Longitudinal Mode, Length Mode, and Radial Mode), End-user (Healthcare, IT & Telecom, Defense & Aerospace, Industrial Manufacturing, Automotive, Oil & Gas, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-4962 | 4.2 Rating | 82 Reviews | 174 Pages | Format : PDF Excel PPT

Report Description


The global piezoelectric sensor market size was valued at USD 2.3 Bn in 2022 and is likely to reach USD 3.8 Bn by 2031, expanding at a CAGR of 6.3% during the forecast period, 2023–2031. The market growth is attributed to the ever-increasing need for optimization and miniaturization of smart sensing devices in various industrial applications to ensure operational efficiency and safety.

Piezoelectric sensors work on the principle of the piezoelectric effect. These sensors consist of polarized crystals of quartz, which generate an electrical charge when pressure is applied to them. The sensor can measure up to 5 volts when 1000 psi pressure is applied to them by utilizing the mechanism of the piezoelectric effect.

Global Piezoelectric Sensor Market Outlook

The main function of piezoelectric sensors is to detect variations such as changes in temperature, pressure, and vibration in the atmosphere. These smart sensor solutions produce a corresponding electrical signal output to a data processing system as per the changes detected in the atmosphere.

The same output is used to administer the control system of the machine or device in accordance with the external variations. Lithium niobate, lead zirconate titanate, barium titanate, and strontium titanate are commonly used piezoelectric materials across several industries. The aerospace industry is one of the major end-users that utilize the piezoelectric sensor for various applications.

In general, the aircraft frame or components of military equipment are often exposed to harsh atmospheric conditions due to changes in temperature, pressure, humidity, speed, and loading conditions. Piezoelectric sensors are used to monitor the stress and strain on the basic mechanical structure of these components to improve safety and process efficiency.

The industrial applications of the sensor, especially in developed countries require regulatory compliance in a few parameters such as checking product quality, pollutant emissions, and process efficiency.

Piezoelectric sensors are used to measure the solid particles present in a liquid or gas flow in an industrial process as compliance to meet the regulatory requirements in industrial applications. These parameters are highly important in terms of maintaining safety and improving operational costs during industrial processes.

COVID-19 Impact 

The market report finds that COVID-19 affected the piezoelectric sensor market growth. The emergency lockdowns imposed by governments across the globe due to the COVID-19 pandemic have delayed or canceled various piezoelectric sensor manufacturing projects. The lack of availability of a skilled workforce was a major factor that hampered the overall electronic and electrical components production operations during the peak times of the pandemic.

The sourcing of the raw materials required for manufacturing the piezoelectric sensors was disrupted during the pandemic period. The prices of raw materials have not come down since the pandemic era, which again declined the product demand in the market. However, the gigantic shift in consumer preferences in the post-covid era has witnessed increased reliance on digital technologies for convenience and cost-effectivity. This shift in consumer sentiment has multifold the piezoelectric sensor market.

Piezoelectric Sensor Market Dynamics

The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges.

The global piezoelectric sensor market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.

Global Piezoelectric Sensor Market Dynamics

What are the Major Drivers of the Piezoelectric Sensor Market?

The rising integration of smart-sensing technologies in almost every advanced automation industrial equipment and machine is a key factor driving the market. The adoption of smart sensing devices helps enhance operational efficiency and safety during different industrial operations.

The demand for highly sophisticated sensors in the automotive industry is expected to increase in the coming years due to the significant expansion of industries, especially in developing countries. The automotive industry is evolving in terms of enhanced safety and efficiency. The use of smart sensors in vehicles has been proposed by governments across the world. This factor gives opportunities for the growth of piezoelectric sensors on large scale.

What are the Restraints in the Piezoelectric Sensor Market?

The demand and supply disruptions and factors including regulatory measures adopted by respective policymakers lead to high price fluctuations of raw materials. The rise in the cost of the raw materials and by extension the final product is a major restrain for piezoelectric sensor market growth.

The rising cost of research and development (R&D) is a major factor restraining the market. The R&D initiatives aimed at finding cost-effective and more accurate sensors. This is done by optimizing value and bringing innovative and efficient manufacturing processes, which is increasing the cost of the final product. The stock management system of piezoelectric materials is also a costly process, which can be disrupting factor for the growth of the piezoelectric sensor market during the forecast period.

What are the Emerging Opportunities in the Piezoelectric Sensor Market?

Piezoelectric sensors can withstand volatile conditions such as changes in temperature, pressure, and other environmental factors. It makes them the first choice among smart sensing device manufacturers to enrich user experience. The market is likely to create remunerative prospects for piezoelectric sensor manufacturers as they are investing in research and development to provide highly efficient and cost-effective piezoelectric sensors to consumers. This factor may increase the affordability of Piezoelectric Sensors and may contribute to market growth.

The manufacturers are putting up efforts to develop user-friendly smart sensing technologies by optimizing and miniaturizing the smart-sensing devices used in different applications. By integrating these devices, the user experience can be elevated. This factor will create more opportunities in the piezoelectric sensor market.

Scope of Piezoelectric Sensor Market Report

The global piezoelectric sensor market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Piezoelectric Sensor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

Sensor Type (Motors, Transducers, Actuators, Generators, and Others), Material Type (Piezoelectric Crystals, Piezoelectric Composites, Piezoelectric Polymer, and Piezoelectric Ceramics), Vibration Mode (Shear Mode, Thickness Mode, Longitudinal Mode, Length Mode, and Radial Mode), and End-user (Healthcare, IT & Telecom, Defense & Aerospace, Industrial Manufacturing, Automotive, Oil & Gas, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Honeywell International Inc.; Morgan Advanced Materials plc; Omega Piezo Technologies Inc.; Parker Hannifin Corporation; Aerotech Inc.; APC International Ltd.; CeramTec GmbH; Dytran Instruments Inc.; ASC GmbH.; Kistler Group; and L3Harris Technologies Inc.

Piezoelectric Sensor Market Segment Insights

Sensor Type Segment Analysis

Based on sensor type, the global piezoelectric sensor market is divided into motors, transducers, actuators, generators, and others.

The motors segment is expected to expand at a significant growth rate during the projected period owing to the increasing use of motors sensors in various sectors. The strict government regulations toward enhancing the safety and efficiency of vehicles during transportation. The segment growth is further attributed to the advancements in the IT & telecom industry and the wide use of smart-sensing technologies in the medical sector.

The actuators segment is anticipated to hold a key share of the market in the coming years due to its massive use in industrial systems that needs precise position control. The actuator sensors use the piezoelectric effect to convert an electrical signal into a precisely controlled physical displacement.

Some applications require precise position control in volatile environments such as cryogenic conditions, magnetic fields, and vacuum. The calibrated movement generated by the piezoelectric actuators can be used to control hydraulic valves, change machining tools, and various precision motion control-based applications. The actuators are used in different industries such as automotive, consumer electronics, aviation, aerospace, and medical.

Material Type Segment Analysis

On the basis of material type, the global market is segregated into piezoelectric crystals, piezoelectric composites, piezoelectric polymers, and piezoelectric ceramics.

The piezoelectric crystal segment is projected to register a considerable CAGR during the forecast period owing to the increasing adaptation of smart-sensing technologies in the construction sector.

The piezoelectric ceramics segment is anticipated to account for a major market share in the coming years owing to its use in the construction, medical, automotive, industrial, IT, and telecom sectors.

Vibration Mode Segment Analysis

Based on vibration mode, the global piezoelectric sensor market is divided into the shear mode, thickness mode, longitudinal mode, length mode, and radial mode.

The shear mode segment is expected to expand at a significant growth rate during the projected period owing to the wide adoption of the shear vibration mode in energy harvesting. The shear mode works by converting the kinetic energy of wind or water into electricity by using a piezoelectric energy harvester.

The thickness mode segment is anticipated to hold a key share of the market in the coming years owing to its use in various applications such as ultrasonic cell stimulation, tissue stimulation, and fingerprint sensors. This mode is used to measure fluid levels using Piezoelectric Ceramic Disc Transducer.

Global Piezoelectric Sensor Market Vibration Mode Segmentation

End-User Segment Analysis

Based on the end-user segment, the global piezoelectric sensor market is categorized into healthcare, IT & Telecom, defense & aerospace, industrial manufacturing, automotive, oil & gas, and others.

The healthcare segment is expected to expand at a significant growth rate during the projected period. This is attributed to the growing use of piezoelectric sensors in various healthcare applications such as the removal of calculus and plaque using dental scalers, ultrasonic surgery instruments, and ultrasound scanners for medical imaging.

Piezoelectric sensors are preferred by healthcare professionals over traditional techniques because of high precision, better visibility, safety, and faster healing for patients. In the healthcare sector, piezoelectric sensors are widely used in high-precision surgical instruments, robotic surgery, prosthetic aspects, and distinctive drug distribution systems.

The industrial manufacturing segment is projected to expand at a considerable CAGR during the forecasted period. Industrial applications are increasingly using piezoelectric sensors in ultrasonic devices to detect deformity and clean industrial equipment with the help of suitable cleaning agents and ultrasounds. The above-mentioned factors contribute to the growth of the piezoelectric sensor market.

The IT & Telecom segment is anticipated to hold a key share of the market in the coming years owing to piezoelectric sensors use in various applications. This includes providing uninterrupted power supply to IT and Telecom systems using energy harvesting techniques with the help of piezoelectric effects. The same energy harvesting techniques are used to increase the lifespan of Internet of Things devices using the piezoelectric effect.

Regional Analysis

In terms of region, the global piezoelectric sensor market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

North America is expected to dominate the market during the projected period due to the rising adoption of smart sensing technology in various sectors for safety and efficiency requirements. For instance, US government regulations were put in place to enhance the safety of vehicles, which has increased the use of piezoelectric sensors for vehicle stability systems.

The market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the automation of industrial systems and medical instruments in the region. The growth in Asia Pacific is further attributed to increased safety regulations proposed by governments in China, Japan, and South Korea. Emerging economies including India, China, and South Korea are in the process of drafting legislation that instructs vehicle owners to install electronic vehicle stability systems to improve the safety and efficiency of their vehicles.

Global Piezoelectric Sensor Market Region Segmentation

Segments

The global piezoelectric sensor market has been segmented on the basis of

Sensor Type

  • Motors
  • Transducers
  • Actuators
  • Generators
  • Others

Material Type

  • Piezoelectric Crystals
  • Piezoelectric Composites
  • Piezoelectric Polymer
  • Piezoelectric Ceramics

Vibration Mode

  • Shear Mode
  • Thickness Mode
  • Longitudinal Mode
  • Length Mode
  • Radial Mode

End-user

  •  Healthcare
  •  IT & Telecom
  •  Defense & Aerospace
  •  Industrial Manufacturing
  • Automotive
  • Oil & Gas
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

The competitive landscape of the global piezoelectric sensor market report provides key insights into the growth strategies and development initiatives implemented by the key players in the market.

Key players competing in the global piezoelectric sensor market are Honeywell International Inc.; Morgan Advanced Materials plc; Omega Piezo Technologies Inc.; Parker Hannifin Corporation; Aerotech Inc.; APC International Ltd.; CeramTec GmbH; Dytran Instruments Inc.; Kistler Group; and L3Harris Technologies Inc.

Some of these major companies adopted various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.

  • On July 27, 2022, Honeywell International Inc. is providing flight control actuation and thermal management technologies to the aviation company, Archer Aviation Inc. to enhance the cabin experience. It has partnered with Nexceris Work to provide safety applications for electric vehicles.

    Global Piezoelectric Sensor Market Key Players

Frequently Asked Questions

Some of the key global piezoelectric sensor market players are Honeywell International Inc.; Morgan Advanced Materials plc; Omega Piezo Technologies Inc.; Parker Hannifin Corporation; Aerotech Inc.; APC International Ltd.; CeramTec GmbH; Dytran Instruments Inc.; Kistler Group; and L3Harris Technologies Inc.

For regional analysis, North America is likely to dominate the global piezoelectric sensor market during the forecast period.

On the basis of sensor type, the motor segment constituted a key share of the global piezoelectric sensor market in 2022.

The key drivers are the increasing integration of smart sensing technologies across industries and the rising implementation of vehicle stability systems in the automotive sector.

The market is expected to expand at a compound annual growth rate of 6.3% during 2023–2031.

The global piezoelectric sensor market size was USD 2.3 Bn in 2022 and is likely to reach USD 3.8 Bn by 2031.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Piezoelectric Sensor Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Piezoelectric Sensor Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Piezoelectric Sensor Market - Supply Chain
  4.5. Global Piezoelectric Sensor Market Forecast
     4.5.1. Piezoelectric Sensor Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Piezoelectric Sensor Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Piezoelectric Sensor Market Absolute $ Opportunity
5. Global Piezoelectric Sensor Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Piezoelectric Sensor Market Size and Volume Forecast by End Users
     5.3.1. Healthcare
     5.3.2. IT & Telecom
     5.3.3. Defense & Aerospace
     5.3.4. Industrial Manufacturing
     5.3.5. Automotive
     5.3.6. Oil & Gas
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Piezoelectric Sensor Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Piezoelectric Sensor Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Piezoelectric Sensor Demand Share Forecast, 2019-2026
7. North America Piezoelectric Sensor Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Piezoelectric Sensor Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Piezoelectric Sensor Market Size and Volume Forecast by End Users
     7.4.1. Healthcare
     7.4.2. IT & Telecom
     7.4.3. Defense & Aerospace
     7.4.4. Industrial Manufacturing
     7.4.5. Automotive
     7.4.6. Oil & Gas
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Piezoelectric Sensor Demand Share Forecast, 2019-2026
8. Latin America Piezoelectric Sensor Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Piezoelectric Sensor Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Piezoelectric Sensor Market Size and Volume Forecast by End Users
     8.4.1. Healthcare
     8.4.2. IT & Telecom
     8.4.3. Defense & Aerospace
     8.4.4. Industrial Manufacturing
     8.4.5. Automotive
     8.4.6. Oil & Gas
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Piezoelectric Sensor Demand Share Forecast, 2019-2026
9. Europe Piezoelectric Sensor Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Piezoelectric Sensor Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Piezoelectric Sensor Market Size and Volume Forecast by End Users
     9.4.1. Healthcare
     9.4.2. IT & Telecom
     9.4.3. Defense & Aerospace
     9.4.4. Industrial Manufacturing
     9.4.5. Automotive
     9.4.6. Oil & Gas
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Piezoelectric Sensor Demand Share Forecast, 2019-2026
10. Asia Pacific Piezoelectric Sensor Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Piezoelectric Sensor Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Piezoelectric Sensor Market Size and Volume Forecast by End Users
     10.4.1. Healthcare
     10.4.2. IT & Telecom
     10.4.3. Defense & Aerospace
     10.4.4. Industrial Manufacturing
     10.4.5. Automotive
     10.4.6. Oil & Gas
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Piezoelectric Sensor Demand Share Forecast, 2019-2026
11. Middle East & Africa Piezoelectric Sensor Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Piezoelectric Sensor Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Piezoelectric Sensor Market Size and Volume Forecast by End Users
     11.4.1. Healthcare
     11.4.2. IT & Telecom
     11.4.3. Defense & Aerospace
     11.4.4. Industrial Manufacturing
     11.4.5. Automotive
     11.4.6. Oil & Gas
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Piezoelectric Sensor Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Piezoelectric Sensor Market: Market Share Analysis
  12.2. Piezoelectric Sensor Distributors and Customers
  12.3. Piezoelectric Sensor Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Honeywell International Inc.
     12.4.2. Morgan Advanced Materials plc
     12.4.3. Omega Piezo Technologies Inc.
     12.4.4. Parker Hannifin Corporation
     12.4.5. Aerotech Inc.
     12.4.6. APC International Ltd.
     12.4.7. CeramTec GmbH
     12.4.8. Dytran Instruments Inc.
     12.4.9. Kistler Group
     12.4.10. L3Harris Technologies Inc.

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