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The Piezoelectric Ceramics Market size was estimated at USD 1.53 billion in 2023, USD 1.59 billion in 2024, and is expected to grow at a CAGR of 4.58% to reach USD 2.09 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Piezoelectric ceramics are primarily fabricated from lead zirconate titanate (PZT) and other related compounds. These materials can generate an electric charge in response to applied mechanical stress, enabling their widespread use in various sensing, actuating, and energy-harvesting applications across diverse industries. Piezoelectric ceramics are smart materials with wide applications in various smart systems and mechatronic devices. These materials can sense changes in pressure and strain in the surrounding environment and generate corresponding electrical responses. Growing demand from end-use enterprises and rising adoption of miniaturized and energy-efficient electronic devices are expected to increase the market demand.
Advancements in material science and manufacturing processes and supportive government policies promoting clean energy production and environmental sustainability drive market growth. However, High manufacturing costs associated with complex processing techniques and Concerns over the toxicity of certain raw materials may hamper the market growth. The development of innovative piezoelectric materials with enhanced performance characteristics and Integration of IoT into piezoelectric sensors, actuators, and automation systems create a lucrative market opportunity in the forecasted period.
Regional Insights
The Americas region has experienced a lucrative market landscape in the piezoelectric ceramics market owing to several research initiatives and investments by the government in piezoelectric ceramics technology and support for researchers working on piezoelectric-based devices. The EU is exceptionally active in developing novel applications for piezoelectric ceramic materials through dedicated research programs that encourage collaboration among academia and industries to accelerate the growth of advanced materials. Piezoceramic markets in the Middle East and Africa are witnessing growth due to increasing demand from sectors such as automotive electronics, medical devices, aerospace applications, and defense systems.Institutions have invested significantly in research and development for piezoelectric ceramics technology. The APAC region holds significant potential for the piezoelectric ceramics market due to its strong manufacturing base and exports. Government support and initiatives in various policies to support domestic companies engaged in advanced materials research. The presence of key market players for developing cutting-edge piezoelectric technologies, its strong emphasis on research and development (R&D), and rapid industrialization, coupled with government initiatives, have accelerated demand for sophisticated electronic devices and components, including piezoelectric ceramics in the APAC region.
Market Trends by Segment
- Type: Potassium niobate provides eco-friendly benefits as a lead-free material
- End-Use: Potential use of piezoelectric ceramics in the automotive industry to enhance vehicle performance and efficiency
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Ionix Advanced Technologies Secures UK Government Funding for Cutting-Edge Development of Lead-Free Piezoceramic Materials
Ionix Advanced Technologies awarded a UK government grant to develop innovative lead-free piezoelectric materials. These materials are essential components in various applications, ranging from medical ultrasound to parking sensors. The aim of the program is to develop multiple material families that can perform at ambient temperatures (-55°C to +120°C) as well as extreme high temperatures (< 550°C).Piezoelectric Ceramics Go Textured
Scientists of European Synchrotron Radiation Facility developed an innovative method to fabricate textured PZT ceramics with a remarkable 360°C Curie temperature and a remarkable 760 pC/N piezoelectric coefficient. The development of these textured PZT ceramics opens up new opportunities for applications requiring enhanced piezoelectric performance and controlled composition.CTS Completes Ferroperm Piezoceramics Acquisition
CTS Corporation completed the acquisition of Ferroperm Piezoceramics from Meggitt PLC for 525 million Danish Krone. The acquisition aimed to help diversify and complement CTS' capabilities, with expected positive impact by 2023. The company manufactures sensors, actuators, and electronic components and provides engineered products to customers in the aerospace, industrial, medical, and transportation markets.Key Company Profiles
The report delves into recent significant developments in the Piezoelectric Ceramics Market, highlighting leading vendors and their innovative profiles. These include APC International, Ltd., Argo Technology Co., Ltd., ARKEMA INC., CeramTec GmbH, HONDA ELECTRONICS Co.,LTD., KYOCERA Corporation, L3Harris Technologies, Inc., Meggitt PLC., Mide Technology Corporation, Murata Manufacturing Co., Ltd., Omega Piezo Technologies, Piezo Kinetics, Inc., Piezosystem Jena GmbH, Sensor Technology, Siansonic Technology Limited, Solvay S.A., Sparkler Ceramics Pvt. Ltd., TDK Electronics AG, TRS Technologies, Inc., and Zibo Yuhai Electronic Ceramic Co., Ltd.This research report offers invaluable insights into various crucial aspects of the Piezoelectric Ceramics Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Piezoelectric Ceramics Market, by Type
7. Piezoelectric Ceramics Market, by End-Use
8. Americas Piezoelectric Ceramics Market
9. Asia-Pacific Piezoelectric Ceramics Market
10. Europe, Middle East & Africa Piezoelectric Ceramics Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- APC International, Ltd.
- Argo Technology Co., Ltd.
- ARKEMA INC.
- CeramTec GmbH
- HONDA ELECTRONICS Co.,LTD.
- KYOCERA Corporation
- L3Harris Technologies, Inc.
- Meggitt PLC.
- Mide Technology Corporation
- Murata Manufacturing Co., Ltd.
- Omega Piezo Technologies
- Piezo Kinetics, Inc.
- Piezosystem Jena GmbH
- Sensor Technology
- Siansonic Technology Limited
- Solvay S.A.
- Sparkler Ceramics Pvt. Ltd.
- TDK Electronics AG
- TRS Technologies, Inc.
- Zibo Yuhai Electronic Ceramic Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.59 Billion |
| Forecasted Market Value ( USD | $ 2.09 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
