The piezoelectric devices market is expected to grow to USD 35.4 billion in 2026, up from the estimated value of US$ 28.7 billion as of 2021, with a CAGR of 4.3 percent from 2021 to 2026. As witnessed by the aerospace industry, a growing need for high-performance sensors and the increasing use of the piezoelectric energy harvesting mechanisms are among the main factors behind the expansion of the piezoelectric device market.
COVID-19’s Impact on the Global Piezoelectric Devices Market
The spread of COVID-19 hurt the piezoelectric device market by 2020, which led to reduced sales of piezoelectric gadgets. The result was a decrease in revenue generated by these devices. This led to a drop in the market’s overall growth in the first quarter of 2020. The trend remained through the first quarter of 2021. Piezoelectric demand for components and devices is predicted to increase with the increase in production and demand for electrical appliances, industrial machines, etc., during the third quarter of 2021.
Driver: Growing demand for high-performance sensors is reflected by the aerospace industry
The aerospace industry’s players typically are typically the manufacmanufacturingand maintaining of commerce space vehicles, aircraft, and satellites. The aerospace industry needs innovative and modern strategies to boost the effectiveness, durability, and performance of aircraft and helicopters, planes, submarines, and others. Piezoelectric polymers are employed in the aerospace industry due to their strength in mechanical terms and lightweight, as well as their easy and quick processing, excellent chemical and thermal stability, and superior wear resistance. They also have exceptional capabilities for sensing and can be used to evaluate the quality of aircraft components. Polymer materials could be utilized as supporting materials in optical sensors, forming an integrated system for vehicle health that provides information on the state of vehicle components, subsystems, and structures. They can be passive, with sensors monitoring shifts in strain distribution and then interpreting the signals using an algorithm. They also may be active, where the piezoelectric actuator is placed on the polymer matrix composite surface and has sensors that respond within it. The sensors detect and analyze the presence of damage indicators and anomalies and can predict the likelihood of vehicle failures ahead of time. Therefore, self-powered, next-generation sensing devices play an essential role in detecting damage from collisions in various vehicles.
Piezoelectric crystal-ceramic and composite-based devices, like piezoelectric sensors, actuators transducers, motors, and generators, have applications within the aviation industry. They are used extensively in flapping and morphing parts in the wings of aircraft and the active damping and damping of high-frequency oscillations in the mechanical structure and health monitoring systems, as well as in designing compact seekers for missiles. Furthermore, piezoelectric sensors such as high-temperature sensors, u, ultrasonic, and pressure sensors aid in improving the efficiency of your fuel, cutting down on emissions carbon emissions and cutting down macuttingenance costs and failure maintenance costs e of the system. Additionally, low-frequency MEMSvibration sensors are used to check the health of missiles with low power. In addition, piezoelectric sensors are employed to test different parts of satellites. Therefore, aerospace companies require advanced sensing technology for better safety and reliability of aircraft structures and to reduce operational costs. The rapid technological advancements in the aerospace sector and the increasing demand for piezoelectric equipment are predicted to rise over the forecast time.
Restrictions: Government policies that require the use of lead-free piezoelectrics
Piezoelectric materials that do not have a lead oxide (PbO) in their composition are lead-free piezoelectric materials. Lead zirconate titanium (PZT) is one of the basic piezoelectric materials extensively used in different applications. Following the Restriction of hazardous substances (RoHS) directives issued by the European Union (EU), the use of PZT is to be controlled to limit its harmful impacts on the environment. Following the World Health Organization, lead is a toxic metal that seriously impacts human health, specifically for young children. It may harm bones, the brain and blood vessels, liver, teeth, and kidneys.
Furthermore, when lead is released into the air from aircraft engines or industrial sources and travels far distances before it settles on the earth, it is typically deposited upon soil material. Therefore, governments from various countries have implemented strict rules regarding the use of lead and other devices based on information. They are focusing on replacing lead-based products with eco-friendly, biocompatible alternatives.
Numerous government regulations have been adopted in response to this need; for instance, rules in the European Union include End-of-life Vehicles (ELV) in 2003 and the Restriction of hazardous substances (RoHS) regulations for Europe and China and waste generated by Electrical and Electronic Equipment (WEEE) in 2004 and the European RoHS directive (2006) restrict the use of harmful substances in electronic and electrical equipment, such as the lead (Pb). Regulations have been implemented to limit lead usage within commercial goods and will likely be more stringent shortly. In December, an exemption extension request was filed under the Umbrella Project that is which is a European initiative that numerous companies have backed. Consumers in the use of lead (Pb) in glass, ceramics, and electronic equipment, both Japanese and European organizations, ask that the exemption of lead (Pb) in these materials be extended to 2026. It is unclear at the moment whether the exemption granted under 7-C is grown or electronic equipment containing lead (Pb) can be sold on the European market following July 2021. Therefore, the strictness related to the utilization of information and the creation of lead-free materials that replace PZT is significant aspects that affect the development of the piezoelectric device market, as researching lead-free substances is not just time-consuming. However, it also demands enormous sums of capital.
Opportunities: Newer applications for piezoelectric polymers, piezoelectric motors, and actuators
A piezoelectric engine generates movement by changing its form due to the electrical field. Piezoelectric motors have many advantages, including the speed of their operation, resistance to outside forces, such as vibrations and shocks, small dimensions with high energy efficiency, easy and non-magnetic design, high resolution, long life, high compatibility with adverse environments, like extreme heat, humid and cold environments; high precision and the ability to lock themselves in the resting position. Additionally, they are vacuum-compliant and light and can provide more power and torque than electromagnetic motors. They are employed in various applications, including digital cameras to aid in zooming, autofocus, optical image stabilization nano and micro-positioning, and medical catheter positioning. Piezoelectric polymers are attracting a lot of attention because of their superior energy efficiency for applications requiring lightweight piezoelectric motors.
PVDF-based piezopolymer actuators can be utilized to control the precision of the surface of an osmotic reflector. A lightweight actuator can be used in space to isolate active vibrations and can replace heavy electromagnetic systems. They are specifically designed for the harsh vibrations of spacecraft. Actuators are also used in microfluidic membrane pumps lab-on-a-chip (LOC) technology. Inkjet-printed, piezoelectric actuators are made up of PVDF-TAFE.
The challenge is to create effective inventory management systems and space utilization in the face of rapid technological advancements.
Soon, advances in piezoelectric wafers will be expected to play a significant function in the non-destructive analysis (NDE) of structures used in aerospace and military industries fields. Structural health monitoring (SHM)for integrated vehicle health monitoring (IVHM) requires small, light, and minimally invasive sensors which can be integrated with or positioned on the exterior of structures. Additionally, they must be able to detect and scan for the presence of damage and defects in the systems. For NDE structures with thin walls, piezoelectric wafers could be a good choice for Lamb waves and wave excitation as well as sense. Additionally, piezoelectric wafers are usually used in large quantities to facilitate the NDE of structures.
Additionally, they have been proven to be an efficient and cost-effective method of creating such wafers is the necessity of the moment. While the traditional tape-casting (doctor blade) method is likely to be able to accomplish this, specific issues that arise during the creation of PZT-based chips must be addressed to ensure that high-performance wafers can be made. These issues are concerning in the present situation since the actual exposed surface of a single-layer device is much greater than that of an entire or stacked wafer. There have been rapid advances in the measurement and testing of the piezoelectric sensor. The constant evolution of technology within this field leads to the inventory to become obsolete of various kinds of size and test equipment, including optical and electrical products. Controlling the surplus and obsolete inventory has become a significant issue for test and measuring makers. Experts from various industries agree that the expense of this outdated equipment is a substantial factor in the overall inventory cost. It also inefficiently occupies warehouse space, which creates an issue and can affect the development of the piezoelectric device market.
The segment of piezoelectric actuators held the largest share of piezoelectric devices in 2020.
In the year 2020, it was piezpiezoelectric actuators’ most significant part of the piezoelectric devices market, and a similar trend is expected to occur throughout the forecast time. The growing demand is likely due to the increasing use of piezoelectric actuators in the automotive and aerospace, electronics and semiconductors optics, biomedical and scientific instrumentation as well as telecommunications, ultrasonic machines control or metrology, and applications that demand precise location control. For instance, in industrial environments, they are utilized in the ultrafine-movement phase of exposure equipment for semiconductors, as well as in precision positioning probes, as well as sensors for scanning tunnel microscopy (STM) and AFM. (AFM). Additionally, they are employed in various electronic devices for consumers, including smartphones and wearables, to perform autofocus and zooming camera functions and with haptic feedback systems. In addition, piezoelectric actuators can be employed in robotic missions, fine instruments, microsatellites, and UAVs. (UAVs) because they provide the highest energy density and meet the power demands of these devices.
The piezoelectric polymer market is predicted to grow at the fastest rate of CAGR over the forecast time.
The piezoelectric polymer market is predicted to expand at the fastest CAGR in the forecast. This is due to their numerous advantages like a broad resonance bandwidth and low acoustic impedance, lower fabrication costs, lightweight and fast processing speed, and their rapid application in medical applications. Of all piezoelectric polymers, Polyvinylidene Fluoride (PVDF) is an unrefined thermoplastic fluoropolymer that is the most commonly used material because of its low price, resistance to pressure, and high compliance with regulations of the government like the restricted material requirements in the Reduction of Hazardous Substances (RoHS).
The health portion of the piezoelectric device market is expected to expand at the highest rate of CAGR from 2021 until 2026.
Piezoelectric technology is the basis for ultrasonic devices, including the dental scaler, ultrasound scanner, and ultrasonic surgical instruments. Miniature piezoelectric pumps and actuators are widely used in medical and lab equipment for dosing and pumping due to their accurate, high-quality, repeatable, and reliable controlled dispensing of fluids. Additionally, the piezoelectric actuator is often used in Magnetic Resonance Imaging (MRI) systems since the movement of the actuator doesn’t generate magnetic fields. Furthermore, MRI cooling devices can move within the room using an MRI machine, easing installation and reducing floor space. Piezoelectric actuators and appliances offer the highest level of precision needed for various medical applications; because of these reasons, the medical application is predicted to show the highest CAGR in the piezoelectric devices market in the forecast time.
APAC had the highest part of piezoelectric devices in 2020.
APAC will lead the piezoelectric devices market over the next few years. APAC is the leading home for producers of crystals, piezoelectric materials, ceramics, and other piezoelectric devices. Countries like China and Japan are the largest suppliers to the region and account for the most significant share of the piezoelectric devices market in APAC. The growing piezoelectric device market in the area can be due to the increasing government initiatives to expand manufacturing industries in developing countries and the growing awareness of the need to adopt energy harvesting techniques to conserve the natural resources and cut down on energy consumption. Also, the increase in international investments in the manufacturing and industrial sector, the increasing population, and the emergence of several manufacturing facilities that manufacture piezoelectric devices, the low price of instruments made from piezoelectric materials, and the low price of devices made from piezoelectric materials rapid technological advancements on the horizon of emerging markets. In addition, with the growing usage of piezoelectric material and components in consumer electronic devices and China and Japan as major consumer electronics manufacturers, this region is expected to become the fastest-growing market shortly. Additionally, the increasing demand for cars in the area is also causing an increased need for sensors made of piezoelectric and actuators.
Key Market Players
L3HARRIS TECHNOLOGIES, INC. (US); CeramTec GmbH (Germany); CTS Corporation (US); Kistler Group (Switzerland); Physik Instrumente (PI) GmbH & Co. KG. (Germany); piezo system Jena GmbH (Germany); Piezo Technologies (US); Aerotech Inc. (US); APC International, Ltd., (US); Mad City Labs, Inc. (US) are among the leading companies in the piezoelectric device market.
Access online to the report World’s First Market Intelligence Cloud
- It is easy to download historical data and Forecast Numbers
- Company Analysis Dashboard to identify high-growth opportunities
- Access to Research Analyst for customizing and questions
- Competitive Analysis and Interactive Dashboard
- Latest News, Updates, and Trend analysis
Based on the product:
- Piezoelectric Sensors
- Piezoelectric Actuators
- Stack Actuators
- Strip Actuators
- Shear Actuators
- Tube Actuators
- Piezoelectric Motors
- Piezoelectric Generators
- Piezoelectric Transducers
Additional items include piezoelectric transformers, as well as Resonators.
Based on the material
- Piezoelectric Crystals
- Piezoelectric Ceramics
- Piezoelectric Polymers
- Piezoelectric Composites
Based on the application:
- Aerospace and Defense
- Industrial and Manufacturing
- Imaging Devices
- Diagnostic Equipment
- Surgery Tools
- Information and Communication
- Consumer Electronics
Notable: Other applications include power generation as well as musical instruments.
Based on the element:
- Piezoelectric Discs
- Piezoelectric Rings
- Piezoelectric Plates
The modes of operation of piezoelectric devices
- Direct Piezoelectric Effect
- Converse Piezoelectric Effect
Based on the region:
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA
- North America
- In 2021, Kistler Group (Switzerland) increased its assortment of intelligent accessory equipment to ensure that piezoelectric sensors are properly and securely placed in every measuring system. Connector extenders, adapters, and specially designed reamers ensure that sensors are put in the proper place and can transmit signals flawlessly.
- In 2021, in March, CeramTec GmbH (Germany) developed ultrasonic surgery transducers with high power for various medical applications. Ultrasonic transducers have many advantages over traditional methods, including improved safety, greater accuracy, quicker healing, and more patient comfort.
- In February 2021, CTS Corporation, along with its strategic partner Entekno Materials, based in Turkey, obtained funds from Eurostars to create sustainable piezoelectric materials that are lead-free. Eurostars is a grant program funded by the EU system that supports products that are innovative and only grants those projects with a significant commercial value. In this case, CTS Corporation will co-develop lead-free ceramics that could serve as an alternative to lead-based systems.
- In November 2020, CeramTec GmbH (Germany) increased its manufacturing capabilities to meet the growing demand for high-quality piezoelectric components and materials. CeramTec is an international company operating locations in Europe and the UK as well as the US and Asia has constructed two new machines in the Piezoceramic Centre of Excellence in Lauf, Germany, which will further expand the capabilities of its high-volume manufacturing for piezoceramic elements, like discs rings, tubes, and discs and also increase the automation.
- In June 2019, Harris Corporation (US) and L3 Technologies (US) merged to create a brand new company in the field of military technology called L3HARRIS TECHNOLOGIES, INC. This merger is among the most prominent unions in the area of defense. The purpose behind the merger was to expand the global client base by supplying different industries and to remain dominant in the marketplace.