Global Piezoelectric Materials Market: Overview
Piezoelectricity refers to the electric charge that is accumulated in certain solid materials when mechanical stress is applied. When dimensional change is imposed on dielectric, a voltage is created, which called as direct effect. Also, the application of an electric field to a dielectric results in dimensional change, which is called as inverse effect. The materials that exhibit this property are called as piezoelectric materials. Some of the examples of piezoelectric materials are quartz, apatite, and aluminum nitride. These materials are used as sensors to measure strain, force, or acceleration and convert them into electric signal. Another application of piezoelectric materials is as ultrasonic transducers for medical applications.
The global market for piezoelectric materials is expected to expand at a healthy CAGR during the forecast period of 2016 to 2024. This report is a comprehensive analysis of the market which presents a figurative estimation of the future based on several factors that are primed to influence the growth rate. To present a clear picture, this report divides the global piezoelectric materials market into segments on the basis of product, application, end-users, and geography. The report also includes a dedicated section on company profile wherein their strategies and market share has been provided.
Global Piezoelectric Materials Market: Trends and Opportunities
In a bid to reduce the operational cost during production, several manufacturing companies have increased their spending towards the implementation of automation systems. This rising importance of automated manufacturing processes with increased efficiency and reduced production time is one of the primary factors that are expected to positively influence the growth rate over the forecast period. Since piezoelectric materials possess a high degree of stiffness when exposed to mechanical stress and have the ability to change shape, these materials are now frequently used in the formulation of several electronic goods such as actuators, transducers, sensors, SONAR, generators, and motors. This is another factor that will augment the market growth rate in near future. Moreover, the rising demand for photovoltaic cells in developed countries such as the U.S. and Germany due to regulatory support pertaining to Feed-in-Tariff (FiT) is expected to fuel the demand over the forecast period. Conversely, the growing demand for substitutes such as dielectric and inherently conductive polymers in manufacturing actuators is expected to hinder the growth rate.
On the basis of product, the global market for piezoelectric materials can be segmented into ceramics, polymers, composites, and others. By application, the market can be divided into actuators, sensors, motors, acoustic devices, generators, SONAR, transducers, and others. By end-use, the market can be segmented into automotive, healthcare, information and telecommunication, consumer goods, aerospace and defense, and others.
Global Piezoelectric Materials Market: Region-wide Outlook
The report segments the market into the regions of North America, Europe, Asia Pacific, and rest of the world. Currently, Asia Pacific serves the maximum demand in the piezoelectric materials market and is expected to further gain from the presence of electronic manufacturing units in China, Japan, South Korea, and Taiwan. The regional market in Europe is dominated by the countries of Germany, the U.K., and Russia.
Companies mentioned in the research report
Some of the prominent manufacturers of piezoelectric materials are PI Ceramic, CeramTec, Harris Corporation, Morgan Technical Ceramics, APC International, and Mad City Labs. Collaboration and partnerships with research institutes is among the most common strategy adopted by these players to maintain their market share.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.