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.
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.
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.
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Attributes
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Details
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Report Title
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Piezoelectric Sensor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023–2031
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Segmentation
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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)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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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.
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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.
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.
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.
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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.
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